SoftBank-backed Grab begins trading after completing SPAC merger

Indonesia Escort cyclists waiting for passengers in Jakarta. Afif Si Kasuma | iStock Editorial | Getty Images Southeast Asia passenger services giant Grab began trading on the Nasdaq on Thursday, becoming the largest company ever to close a SPAC merger and public offering. The shares opened at $13.06 per share, under the ticker symbol “GRAB,” … Read more

5 things to know before the stock market opens Friday, Nov. 19

Here are the top news, trends and analysis that investors need to start their trading day: 1. Dow futures plunge on fears over COVID issues in Europe Markets were higher after new Labor Department figures showed that non-farm payrolls increased by 531,000 for the month of October. Spencer Platt / Getty Images Dow futures are … Read more

Gap between renewable energy and power demand: oil, gas, coal needed

Wind turbines in the waters off the coast of the United Kingdom Lakeland-Photo | iStock | Getty Images The world wants to “transition” away from fossil fuels to green energy, but the hard truth is that dirty fuels aren’t going away — or even going down — anytime soon. The total amount of renewable energy … Read more

Larry Fink fears for energy transition, warns of market arbitrage

LONDON – Larry Fink, President and CEO of BlackRock, says the so-called energy transition to greener energy needs to be radically rethought and oil companies criticized for selling to private companies. Speaking at the Green Horizon Summit chaired by CNBC’s Juliana Tattlebaum during the COP26 climate conference in Glasgow, Scotland, Fink praised public companies for … Read more

Climate tech start-ups have raised $32 billion this year

The majority (up to 85%) of emissions come from a barrel of oil when driving transportation, such as your car, according to Carbon Tracker. It’s a stark example of how difficult the net zero goal can be for companies, but it’s far from the only goal. Red Hopper | Tribune News Service | Getty Images … Read more