HELSINKI (Reuters) - The transition from fossil fuels to renewable energy will continue in the U.S. despite President Donald Trump's tariffs due to renewable energy's cheaper pricing, the CEO of power plant maker Wartsila said on Wednesday. President Trump has laid out a sweeping plan to maximize oil and gas production, including by declaring a national energy emergency to speed...

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management said Starbucks Corporation ( SBUX ) hit a new 52-week high on Tuesday, but not an all-time high, that's closer to 120. The company reported great earnings results, he noted. On Jan. 28, Starbucks ( SBUX ) reported first-quarter revenue of $9.4 billion, beating the consensus estimate of...

08:36 AM EST, 02/05/2025 (MT Newswires) -- Consumer shares were retreating pre-bell Wednesday, with The Consumer Staples Select Sector SPDR Fund (XLP) down 0.8% and The Consumer Discretionary Select Sector SPDR Fund (XLY) 0.8% lower. Mondelez International ( MDLZ ) shares were down 4.2% pre-bell Wednesday after the company overnight posted lower Q4 adjusted earnings. ...

08:37 AM EST, 02/05/2025 (MT Newswires) -- Ares Management ( ARES ) said Wednesday that it closed approximately $13.8 billion in US direct lending commitments from 90 transactions in Q4 of 2024. For the year ended Dec. 31, the company said it closed approximately $48.2 billion in direct lending commitments from 341 transactions. Shares of Ares Management ( ARES )...