The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
The New York City police officer who used a chokehold on Eric Garner in an encounter that ended with Garner's death has been fired, New York City Police Commissioner James...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
Deepwater Wind's Block Island offshore wind farm is likely to be the first in the nation when it's finished, and it may help the United States catch up with its European counterparts, reports Breaking Energy. (Tweet this)
The 30-megawatt Block Island project, now under construction, is just 18 miles off the coast of Rhode Island. Deepwater Wind has secured more than $290 million in financing, and the farm is slated to be in service by the fourth quarter of 2016.
Offshore wind farms are common in European waters, but American renewable energy growth has centered on solar power and land-based wind initiatives—both of which generate energy less expensively than turbines over the ocean do.
"This is what offshore wind power needs in the United States," the Deepwater CEO said in an interview with Breaking Energy on Monday. "Right now, I don't think we need to come up with a grand strategy to get offshore wind power moving in the United States. We need to build good projects that can show utility companies, regulators and policymakers that this is a real thing, not something theoretical."
While a first for the United States, the project will still be dwarfed by European offshore wind farms. Block Island will generate about 125,000 megawatt hours each year, enough energy to power 17,000 homes, according to a Deepwater Wind spokesperson.