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US To Power Base With Nuclear Aircraft Carrier As Navy Mulls New Floating Reactor Program
US To Power Base With Nuclear Aircraft Carrier As Navy Mulls New Floating Reactor Program
Later this summer, the nuclear-powered USS Gerald R. Ford will export electricity from its two A1B reactors directly to Naval Station Norfolk, powering the largest naval base in the world from a $13 billion supercarrier sitting at the pier.
Acting Secretary of the Navy Hung Cao provided the news during a May 14 House Armed Services Committee hearing on the FY2027 budget. “This summer, Naval Station Norfolk in Virginia is going to be powered from an...
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Jul 27, 2026 / Tyler Durden
Mitch McConnell Pokes Head Out Of Shell With New 'Proof Of Life' Pic From Rehab
Mitch McConnell Pokes Head Out Of Shell With New 'Proof Of Life' Pic From Rehab
Sen. Mitch McConnell (R-KY) on Monday 'said' he's undergoing physical therapy, but that he hasn't been medically cleared to leave rehab after being admitted to the hospital after his June 14 fall.
"I'm still working hard to get back to my full schedule of work in the Senate and in Kentucky, keeping up with intense physical therapy per my doctors' orders," McConnell, 84, one of the oldest members of the Senate, said in a statement - adding...
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Feb 28, 2026 / Tyler Durden
DOE Announces $171 Million For Geothermal Expansion
DOE Announces $171 Million For Geothermal Expansion
The DOE released a Notice of Funding Opportunity offering up to $171.5 million for next-generation geothermal field tests and resource exploration.
The program targets field-scale demonstrations of enhanced geothermal systems (EGS) for electricity generation, along with drilling to characterize and confirm hydrothermal and next-gen prospects nationwide.
The funding splits into two initial open topics: up to $100 million for EGS field tests and $71.5 million for exploratory drilling. Letters of intent are due March 27, with full applications due April 30. The move directly supports...
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Jun 4, 2026 / Tyler Durden
Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years
Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years
The number of Americans filing for unemployment benefits for the first time jumped to its highest in three months last week at 225k (215k exp), but this remains well within the range of the last five years...
Source: Bloomberg
The biggest increase in initial claims came from California while Texas saw the biggest decline...
Continuing Jobless Claims dipped to 1.777 million Americans (remaining below the 1.8mm Maginot Line), just above two year lows...
Source: Bloomberg
However, despite the seemingly solid claims...
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