
Vistra gets 20-year extension for its Ohio power plant
The company is currently operating under its initial 40-year license and had submitted its application to the Nuclear Regulatory Commission for renewal in 2023.
The U.S. Energy Information Administration expects electricity consumption to hit record highs in 2025 and 2026, fueled by surging demand from data centers supporting Big Tech's AI growth.
The 1,268-megawatt Perry facility is the last of Vistra's six nuclear reactors to secure a license extension, enabling all of them to operate for a total of 60 years.
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The Guardian
an hour ago
- The Guardian
People in the US: are you delaying major life decisions under Trump's presidency?
As Donald Trump approaches six months in office as president, his administration's agenda has shaken every corner of US life. According to research from Harris Poll, Americans are reconsidering major life events including marriage, having children and buying a home amid economic anxiety under the Trump administration. Six in 10 Americans said the economy had affected at least one of their major life goals, citing either lack of affordability or anxiety around the current economy. We want to hear from you. Have you been delaying major life decisions amid economic and political anxieties? When did things begin to feel destabilized? What effect in particular has delaying life decisions had on your household? You can tell us if you are delaying any major life decisions and your reasons why by filling in the form below. Please be as specific as possible. Please include as much detail as possible. Please be as specific as possible. Please note, the maximum file size is 5.7 MB. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. If you include other people's names please ask them first. If you're having trouble using the form click here. Read terms of service here and privacy policy here.


Reuters
2 hours ago
- Reuters
Asia shares helped by Nvidia high as investors unfazed by Trump's tariff moves
SINGAPORE, July 10 (Reuters) - Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record $4 trillion valuation and as investors largely shrugged off U.S. President Donald Trump's latest tariff salvos. U.S. copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50% tariff on copper. He later said on Wednesday the levies would come into effect on August 1. Trump also turned his trade ire against Brazil on Wednesday as he threatened a punitive 50% tariff on exports to the U.S. and issued tariff notices to seven minor trading partners. The latest moves did little to rattle markets, leaving MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab up 0.2%. The Nikkei (.N225), opens new tab fell 0.56%, while China's CSI300 (.CSI300), opens new tab blue-chip index rose 0.2% and Hong Kong's Hang Seng Index (.HSI), opens new tab added 0.1%. EUROSTOXX 50 futures gained 0.18% and FTSE futures advanced 0.33%. Artificial intelligence chip designer Nvidia (NVDA.O), opens new tab on Wednesday became the world's first company to hit a $4 trillion market value, as it solidified its position as one of Wall Street's most favoured stocks. U.S. stock futures eased slightly in Asia on Thursday, with Nasdaq futures and S&P 500 futures both down about 0.2% each, after both indexes closed higher in the cash session overnight. The market reaction to Trump's tariff developments this week has been much less severe than the post "Liberation Day" selloff in April, with Jeff Ng, SMBC's head of Asia macro strategy, saying investors have grown somewhat "numb" to the ever-changing situation. "They know that there is still room for negotiation. A lot of these announcements, they start off with eye-catching numbers, but they are not totally final, and they are still subject to changes. Even if they are implemented, they could also be reversed in the coming few months to year," he said. Also keeping stocks supported were expectations of Federal Reserve rate cuts later this year. Minutes released on Wednesday showed "most participants" at the Fed's meeting last month anticipated rate cuts would be appropriate later this year, with any price shock from tariffs expected to be "temporary or modest". "Right now, markets are not pricing in a high chance of a full-blown recession at this stage, given that the labour market continues to be quite resilient, but they know that there's a lot of pressure to push policy rates lower, so that could lower the opportunity cost of holding equities," Ng said. The dollar was on the back foot on Thursday, falling 0.4% against the yen to 145.79 after a sharp rise earlier this week when Trump slapped Japan with 25% tariffs. The euro was up 0.17% to $1.1742 and sterling gained 0.11% to $1.3605. An exception was the Brazilian real , which languished near a one-month low at 5.5826 per dollar owing to Trump's tariff threat on Latin America's largest economy. "Despite the S&P 500's impressive rally, the U.S. dollar continues to retreat, underscoring a shifting global macro narrative," said Julia Wang, global market strategist at J.P. Morgan Private Bank. "We believe the greenback remains 5-15% overvalued and expect continued weakness as cyclical convergence and capital reallocation trends play out." In cryptocurrencies, bitcoin hovered near a record high and was last at $111,234.63, while ether was up 1.3% to $2,775.54. "We're seeing our clients take a more measured approach, making strategic allocations into cryptocurrencies with real utility instead of chasing short-term moves. Bitcoin remains the top pick on our platform," said Gracie Lin, OKX's Singapore CEO. Elsewhere, oil prices fell on Thursday, with Brent crude futures down 0.16% to $70.08 per barrel, while U.S. crude lost 0.22% to $68.23 a barrel. Spot gold rose 0.3% to $3,322.69 an ounce.


Daily Mail
2 hours ago
- Daily Mail
Amazon suffers huge Prime Day sales plunge as families hang onto cash amid recession fears
Amazon gave Prime Day a surprise makeover — but American shoppers clung to their cash. Momentum Commerce, a major online shopping firm, reported a 41 percent plunge in Amazon sales compared to the first day of last year's event. The firm's sales slump comes after Amazon extended its usual two-day price-cutting blitz into a four-day extravaganza. Top bosses like CEO Andy Jassy and executive chairman Jeff Bezos bet that more time would mean more spending from inflation-weary shoppers. But as the first day came and went, that calculation didn't seem to pay off — at least for one of Amazon's biggest sellers. Momentum, which helps popular brands like Crocs and Therabody massagers sell on the platform, said it's still holding out hope that sales will pick up before the clock runs out. 'It all hinges on this four-day strategy being a success,' John Shea, the firm's top boss, told Bloomberg. 'Amazon sacrificed a lot on Day 1. It's a wildly unpredictable and uncertain year. Amazon, for its part, pushed back on the downbeat numbers. A spokesperson told that the numbers cited by third-party firms like Momentum are not reflective of the e-commerce brand's overall performance. 'Typical of statements made by third-party consultancies that don't have access to the actual data, these numbers are highly inaccurate,' an Amazon spokesperson said. The company is expected to release official results Saturday, once the four-day event concludes. Until then, early data offers only a partial picture on the success of a now-96-hour Prime Day. Still, the firm's slow start comes at a time when American consumers continue to express worries about their personal finances. Independent analysts told that the weak Day 1 report may reflect a deeper issue: Americans' shaky confidence in the economy. But it might be too early to tell. 'If sales continue to be lackluster, it will be a hard-to-swallow harbinger for all retailers going into the holiday shopping season,' Carol Spieckerman, a retail analyst, told The company said it is happy with its first-day performance and that Momentum's sales numbers don't reflect the broader sales figures 'Consumer confidence is down and clouds of uncertainty haven't cleared.' Spieckerman added that Prime Day now faces stiff competition. Walmart, Target, Macy's, Wayfair, and Lowe's have all rolled out competing sales this week, hoping to siphon off some of Amazon's dominance. Other experts said shoppers may still be waiting for the perfect moment to strike the checkout button. 'People are more considered and are taking their time over purchases,' Neil Saunders, a retail analyst at GlobalData, told 'This means trade could pick up sharply as we get to the last couple of days.' Still, some retail experts caution against reading too much into day one's data. With Prime Day now stretched across four days, shoppers may simply be holding out for better deals — or spreading their spending over a longer window. Shoppers may even be comparing their Prime Day deals with incentives from other online retailers. In a LinkedIn post following Bloomberg's story, Momentum's CEO said the brand still expects its companies to see a nine percent increase compared to last year's Prime Day sales. So far, the brands Momentum manages have seen a nearly five-fold increase in sales compared to non-incentive days. 'Anecdotally, we are hearing that the "halo-effect" of Prime Day off-Amazon is quite a bit higher than it was last year and that bodes well for consumer spending too,' he wrote.