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Energy Department Issues Emergency Order As Hot Weather Conditions Threaten Blackouts
Energy Department Issues Emergency Order As Hot Weather Conditions Threaten Blackouts
The Department of Energy (DOE) issued an emergency order authorizing Southwest Power Pool Inc. to use certain energy resources to reduce the risk of potential blackouts, according to a July 21 statement from the department.
Electrical transmission poles and lines in Commerce, Calif., on Aug. 7, 2025. Mike Blake/Reuters
The order, issued on July 20 and signed by Secretary of Energy Chris Wright, stated that Southwest Power Pool (SPP) had asked the DOE to temporarily permit certain resources to operate beyond...
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Mar 15, 2026 / Tyler Durden
Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal
Trump Administration Set To Receive $10 Billion Fee From TikTok U.S. Deal
The Trump administration is poised to receive roughly $10 billion in payments from investors involved in the recently completed transaction to take control of TikTok’s U.S. operations, delivering an unusual financial windfall tied to the government’s role in keeping the popular social-media platform active in the United States.
ByteDance is the Chinese parent of TikTok. John G Mabanglo/EPA/Shutterstock
The payments are part of the arrangement under which a consortium of admin-aligned investors took control of TikTok’s American business from its...
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Jul 16, 2026 / Dave DeCamp
US Launches Attacks on Iran for Sixth Consecutive Night
US Central Command on Thursday announced it was bombing Iran for the sixth consecutive night as the US continues to escalate its attacks on the country. “At 2 pm ET today, US forces began conducting a new wave of strikes against Iran for the sixth consecutive night to further degrade Iranian military capabilities,” CENTCOM wrote […]
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May 29, 2026 / Tyler Durden
Clorox CEO Steps Down For "Health Reasons" After Six-Year Stock Rout
Clorox CEO Steps Down For "Health Reasons" After Six-Year Stock Rout
Clorox shares tumbled on Friday after Chair and CEO Linda Rendle said she will step down for "health reasons," prompting the board to begin a search for her replacement.
"Rendle will also serve in an advisory role for a period following the appointment to drive business performance and a smooth leadership transition," Clorox wrote in a press release.
Rendle wrote in a statement, "Serving as CEO of Clorox for the past six years—and being part of this special company for more...
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