Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History

MP Materials' Lawsuit Against USA Rare Earth Highlights Battle For America's Future In Minerals USA Rare Earth has dismissed a lawsuit filed by MP Materials, calling the claims "completely without merit" and arguing the case is an attempt to slow its growth. The company said it will deny all allegations that it improperly obtained confidential information from a former MP employee, according to Bloomberg. The dispute underscores intensifying competition in the U.S. rare-earth sector, where both companies are racing to build domestic mining, processing, and magnet-production capabilities. USA Rare Earth said...

Guggenheim AI Survey Finds Adoption Surging Across Large IT Enterprises As Mass Layoff Fears Fall Flat Building on Goldman's estimate that AI adoption across corporate America currently stands at roughly 20.6% and could rise to 24% by year-end, a Guggenheim Securities survey of 150 large-enterprise IT professionals found that 81% of respondents have already deployed AI agents. Anthropic and OpenAI are leading adoption among AI-native platforms, reinforcing the view that the enterprise chatbot and frontier-model battle is increasingly becoming a two-pony race. The survey found that enterprise adoption of AI...

KKR And SK Launch South Korea's Largest Renewable Energy Platform By Tsvetana Paraskova of OilPrice.com Global investment firm KKR and South Korea’s industrial conglomerate SK Inc are launching the single biggest renewable energy platform in South Korea to help meet growing power demand from AI and chip manufacturing. KKR and SK Inc are creating the platform, valued at about $1.3 billion, or 2 trillion South Korean won, to combine 1.7 gigawatts (GW) of clean energy capacity in operation and a pipeline of projects in development that would boost the platform’s total capacity...