Climeworks is a carbon dioxide removal company building in Iceland

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial-sized plant in Iceland. When fully operational in 18 to 24 months, the plant will capture and store 36,000 metric tons per year of carbon dioxide, the company says. That … Read more

Climeworks, carbon dioxide removal company, building Iceland plant

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Start-up investors issue warnings as boom times ‘unambiguously over’

Sean Gladwell | Moment | Getty Images Slow your hiring! Cut back on marketing! Extend your runway! The venture capital missives are back, and they’re coming in hot. With tech stocks cratering through the first five months of 2022 and the Nasdaq on pace for its second-worst quarter since the 2008 financial crisis, start-up investors … Read more

Dow struggles for direction as weak China data fuels pressure on stocks, more global recession worries

Dow industrials and the S&P 500 clawed back earlier losses on Monday afternoon, though the Nasdaq continued to trade lower following a batch of weak data from China that fueled more concerns about the state of the global economy. How are stocks trading? The Dow Jones Industrial Average DJIA rose 236 points, or 0.7%, to … Read more

Elon Musk has wrong approach to count fakes, spam on Twitter: experts

Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $ 44 billion acquisition of the social network “on hold” while he researches the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued … Read more