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Constellation to Pursue New York Nuclear Project, CEO Says

Constellation to Pursue New York Nuclear Project, CEO Says

Yahoo4 days ago
(Bloomberg) -- Constellation Energy Corp. is planning to pursue a nuclear project in upstate New York, responding to a push from the governor.
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The biggest US nuclear operator already has three plants in New York, and Chief Executive Officer Joe Dominguez said these would be logical sites for a new reactor.
The US is seeing growing enthusiasm for nuclear energy to meet surging power demand driven by artificial intelligence, data centers, factories and increasingly electrified homes. But few companies are willing to take on a major project without government support given cost overruns and delays often drag development.
New York Governor Kathy Hochul last month called for at least 1 gigawatt of new fission power and directed state agencies to develop nuclear. Such a pursuit would potentially result in the first major US reactor in more than a decade, though Hochul didn't offer details on what kind of plant would be involved or where it would be built.
'It makes the most sense to create nuclear where there is existing nuclear,' Dominguez said in an interview Tuesday on the sidelines of the Pennsylvania Energy & Innovation Summit.
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©2025 Bloomberg L.P.
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CNN analyst blasts Dem lawmakers for demanding answers on Colbert's cancellation
CNN analyst blasts Dem lawmakers for demanding answers on Colbert's cancellation

Fox News

timea few seconds ago

  • Fox News

CNN analyst blasts Dem lawmakers for demanding answers on Colbert's cancellation

CNN senior legal analyst Elie Honig ripped Democratic lawmakers this week for trying to get answers on CBS's Thursday announcement it will be canceling "The Late Show with Stephen Colbert" in 2026. "The move, as you can hear, drew surprise and anger from his audience and from Democratic lawmakers too, who are now demanding answers," CNN's Abby Phillip said. Phillip then quoted a statement from Sen. Elizabeth Warren, D-Mass., on the announcement from the senator's X feed that said "CBS canceled Colbert's show just THREE DAYS after Colbert called out CBS parent company Paramount for its $16M settlement with Trump – a deal that looks like bribery. America deserves to know if his show was canceled for political reasons." Phillip brought in Honig, who said that Democrats should move on. "Two initial reactions to this," Honig said. "Number one, what on earth is Congress doing, wasting their time on this? CBS is a private industry. If they want to give AOC the show, God bless them." "They're private," he continued. "That's First Amendment, Congress. If Democrats, if Elizabeth Warren, they go down this road, what an utter waste." CNN contributor Scott Jennings then challenged Honig, asking him why he thinks Democratic lawmakers are upset that the show is being canceled. "You don't know why they're mad about it," Jennings asked Honig. "Well, who was even on the show tonight? Adam Schiff. These shows, Colbert and the rest of them have become nothing but anti-Trump fever swap porn along with Dem guests every single night." Phillip acknowledged Jennings' stance, but then said she thinks Warren is concerned that the cancellation is due to ongoing corruption. On July 1, Paramount Global and CBS agreed to pay Trump a sum that could reach at least $30 million to settle the president's election interference lawsuit against the network.

WNBA commissioner optimistic about getting new CBA deal done
WNBA commissioner optimistic about getting new CBA deal done

Yahoo

time29 minutes ago

  • Yahoo

WNBA commissioner optimistic about getting new CBA deal done

WNBA Commissioner Cathy Engelbert feels optimistic that the league and the players' union will be able to come to a new collective bargaining agreement at some point, even if it's after the end of October deadline. While the two sides are far apart right now after meeting for the first time in person on Thursday since December with more than 40 players in attendance, Engelbert has faith that a deal will get finished. 'I'm still really optimistic that we'll get something done that would be transformational,' she said before the All-Star Game on Saturday night. 'And that, next year at All-Star, we'll be talking about how great everything is. Obviously there's a lot of hard work to be done on both sides to get there.' Engelbert said that more meetings are planned in the future. The current CBA will expire on Oct. 31 after the season is over. 'I have confidence we can get something done by October, but I'm not going to put an exact date on it,' she said. 'We've got some room to continue negotiations if we're close at that point.' There's a lot of money coming into the league over the next few years with a new 11-year media rights deal worth over $2.2 billion, three new expansion teams that each paid $250 million in fees and many new sponsors. The players top priorities are greatly increased salaries and a revenue sharing plan which Engelbert understands. 'We're going to do something transformational here because we we want the same things as the players, but we want to significantly increase their salary and benefits while balancing with our owners, their ability to have a path to profitability, as well as in to continued investment,' she said. Other areas that Engelbert discussed included: Globalization Engelbert talked about trying to expand the footprint of the league around the world more. The league will welcome its first team outside the U.S. next year with the addition of the Toronto Tempo. Engelbert mentioned Europe, the Middle East, Asia and Africa as places that could have huge interest in the WNBA. 'I think we're really strong domestically now ... There's a huge amount of possibilities, to turn these players into a global household being stars that they've now become here in the United States domestically,' she said. Officiating The consistency of officiating has been a topic that players and coaches have been discussing a lot this season and Engelbert said that the league is aware and will evaluate it. 'I realize consistency is the name of the game and I think it's something we definitely need to look at and evaluate. There's an independent evaluation of our officials and there are ramifications. It's something we need to continue to work on. As our game evolves so does our officiating, so we're on it." Scheduling Engelbert said that the league would look at possibly expanding the length of the season in the future on the backend of the season. The WNBA can't really start any earlier because of the NCAA Tournament, but could go into early November. There's a good shot that will happen next year with the FIBA World Cup taking place in early September. 'We're looking about what's the best footprint, what's the best number of games?" she said. ___ AP WNBA:

Nearly All Bitcoin Wallets Are Now Profitable As BTC Hits $117,500—Here's What History Says Happens Next
Nearly All Bitcoin Wallets Are Now Profitable As BTC Hits $117,500—Here's What History Says Happens Next

Yahoo

time29 minutes ago

  • Yahoo

Nearly All Bitcoin Wallets Are Now Profitable As BTC Hits $117,500—Here's What History Says Happens Next

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nearly all of Bitcoin addresses now being in profit has taken on new meaning as the cryptocurrency smashed through to a new all-time high of $117,500 last week. The milestone represents one of the most profitable periods in Bitcoin's 16-year history, but the extreme reading raises important questions about what comes next. The Numbers Behind the Euphoria When Bitcoin Magazine posted a chart last week showing 99.85% of addresses in profit, it captured a rare moment in crypto markets. This metric, which tracks wallets based on their average purchase price, means virtually every Bitcoin investor who has held for any meaningful period is now in the green—a stunning validation of the long-term Bitcoin thesis. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . To put this in perspective, during previous bear markets, this figure dropped as low as 50%-60%, with millions of investors underwater on their positions. The current reading suggests we're experiencing one of the most broadly profitable periods in Bitcoin's history. Breaking Through Previous Barriers Bitcoin's surge past $117,500 marks a significant technical breakthrough from its previous consolidation range. The cryptocurrency has been building strength around the $110,000-$113,000 level for weeks, creating the foundation for this latest move higher. The institutional adoption story continues to drive momentum, with major corporations adding Bitcoin to their balance sheets and spot Bitcoin ETFs seeing consistent inflows. This isn't the retail-driven mania of previous cycles—it's a fundamentally different market structure with deep-pocketed, long-term holders providing support. What Extreme Profitability Really Means The 99.85% profitability metric is both bullish and cautionary. On one hand, it demonstrates Bitcoin's remarkable ability to create wealth for holders across different time horizons. Nearly everyone who bought Bitcoin and held it is now sitting on gains, regardless of when they entered the market. However, extreme profitability readings historically mark inflection points in crypto markets. When the vast majority of holders are profitable, it can signal either the beginning of a true breakout phase or a temporary peak before consolidation. Trending: New to crypto? on Coinbase. The Institutional Difference What makes this cycle unique is the institutional participation. Unlike previous Bitcoin rallies driven primarily by retail speculation, the current environment features corporate treasuries, pension funds, and institutional investors as major players. This creates a different dynamic where extreme profitability might be more sustainable than in previous cycles. The spot Bitcoin ETFs have fundamentally changed the market structure, allowing institutional money to flow into Bitcoin without the complexities of direct custody. This infrastructure wasn't available during previous bull runs, potentially extending the duration of profitable periods. Historical Context and Patterns Bitcoin's ability to maintain such widespread profitability while reaching new highs suggests underlying strength in the market. Previous bull markets often saw rapid corrections when profitability readings reached extreme levels, but the current institutional foundation may provide more stability. The cryptocurrency has demonstrated remarkable resilience, grinding higher without the massive volatility spikes that characterized earlier bull runs. This steady accumulation pattern, combined with the 99.85% profitability metric, paints a picture of a mature market reaching new levels of This Means for Investors For those watching from the sidelines, the current environment presents both opportunity and complexity. The 99.85% profitability metric suggests we're in a genuine bull market, but it also means most of the 'easy money' has already been captured by earlier investors. New investors should approach the market with realistic expectations. While Bitcoin's long-term trajectory remains bullish, entering at historic highs requires careful consideration of risk tolerance and investment timeline. For existing holders, the temptation to take profits is understandable after such gains. However, Bitcoin's history suggests that some of its biggest moves often come after periods of widespread profitability, particularly when supported by institutional adoption. The Path Forward As Bitcoin trades at $117,500 with 99.85% of addresses in profit, we're witnessing a unique moment in cryptocurrency history. The combination of institutional adoption, technical strength, and broad-based profitability creates a foundation that previous Bitcoin bull markets lacked. Whether this extreme profitability reading marks the beginning of an even more powerful upward move or a temporary peak will depend on factors ranging from regulatory developments to global economic conditions. What's certain is that Bitcoin continues to defy expectations, creating wealth for holders while establishing itself as a legitimate asset class. Read Next: Accredited investors can —with up to 120% bonus shares—before this Uber-style disruption hits the public markets Image: Shutterstock This article Nearly All Bitcoin Wallets Are Now Profitable As BTC Hits $117,500—Here's What History Says Happens Next originally appeared on

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