As electric bills rise, some states are focusing on the growing profits of utilities

HARRISBURG, Pa. — The artificial intelligence boom is leading to fights in some states over growing utility profits, as governors, attorneys general and others protesting rising electricity bills say cash-strapped residents are stuck in a broken system. Officials and lawmakers in at least six states — including Arizona, Indiana, Maryland, New Jersey, New York and … Read more

Amazon reports increased 1Q profits and net sales fueled by cloud computing demand

New York — Amazon on Wednesday reported strong increases in profits and net sales during its fiscal first quarter, helped by surging growth in its prominent cloud computing unit. The e-commerce and technology company said that sales in its cloud computing unit were up 28% in the January-March period, the fastest increase in 15 quarters. … Read more

Tesla profits rose in the first quarter as Musk teases debut of new Roadster

NEW YORK — Tesla’s profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025. The electric vehicle maker run by billionaire Elon Musk said it earned $477 million in the quarter, up 17% from a year ago. Earnings per share totaled 13 cents. Adjusted for certain items, per … Read more

House GOP urges Trump to choke off Iran ally’s oil profits as Middle East turmoil spikes US gas prices

NEWYou can now listen to Fox News articles! FIRST ON FOX: A group of House Republicans is urging the Trump administration to choke off Russia’s profits from one of its largest energy companies as global oil prices spike. It comes as the U.S. and Israel’s conflict with Iran, one of Russia’s closest allies on the … Read more