Financial Mindset

Across the global energy sector, a quiet but significant shift is underway. The debate around energy usage is intensifying because the pressures on it are becoming more real: grid queues, water resource pressures, increased industrial electrification and the need for reliable power at every hour of the day to match changing demand patterns. Recent strategy resets among global energy majors BP , Shell and ExxonMobil illustrate a greater focus on delivering reliable supply and ensuring that infrastructure can meet fast-growing power demand.  The International Energy Agency (IEA) expects global electricity demand to grow at an average annual rate of 3.6% between 2026 and 2030 . That represents an acceleration of around 50% from the average pace of growth over the past decade. Global data center electricity consumption is already spiking , driven in particular by the rapid expansion of AI-focused facilities. That trend shows no signs of slowing down.   The IEA est...

Some of Formula 1’s most populat drivers are already serious about photography. Lewis Hamilton and Lando Norris have both been seen with Leica cameras, and Norris runs a separate Instagram account for his photos. That overlap goes well past the drivers, or even the intricate pieces that goes into both cars and cameras, says Mike Giannattasio, president of Leica Camera North America. “There is such synergy between people who collect cameras and people who collect cars,” he told Fortune . “If you see people who are passionate about vintage cars or racing cars, and if they have anything other than a passenger in the seat next to them, eight out of 10 times it’s going to be a Leica camera.” To Giannattasio, that made a partnership an easy call. On Tuesday, the German camera maker and Formula 1 announced a global licensing deal, Leica’s first official tie-up with the sport. It covers F1 as a whole rather than a single team and includes a special-edition camera, a gallery show ...

Just over a decade after Elizabeth Holmes threatened him with lawsuits and tried to kill his reporting, author John Carreyrou has become a perhaps unlikely fan of “You Can See Everything,” a new documentary exploring the disgraced founder’s home life as she prepares for prison—in fact, he’s seen it twice. Carreyrou is the author of the 2018 book “Bad Blood,” in which he reports on Theranos’ collapse and Holmes’ downfall in a captivating narrative that topped the New York Times’ bestseller list. The new documentary, in which comedian Nathan Fielder lived in the guest house of the home Holmes shared with her partner Billy Evans and her two children for 34 days before she went to prison, has thrust Holmes, and indirectly, Carreyrou, back into the spotlight, while also earning rave reviews and an estimated $15 million during its first weekend—the second-biggest opening for a documentary ever. Carreyrou, for his part, told the New York Times ’ “H...

It’s official: Tesla and SpaceX are in talks. Independent board members at the two Elon Musk-led companies have formed special committees to hash over a possible merger, Musk told investors during SpaceX’s third-quarter earnings call Tuesday. “These special committees consist of independent directors, and because I’m a conflicted party, I can’t actually be in the discussions of the special committees,” said Musk, who was asked about a potential combination during the call. “This is definitely the kind of question where I feel like I’m tap dancing through a minefield.” Tesla stock rose just over 1% in after hours trading, while SpaceX rose above 5% following the Q&A with Wall Street analysts featuring Musk, SpaceX president and COO Gwynne Shotwell, and chief financial officer Bret Johnsen. Musk said the committees haven’t reached any kind of an agreement on the terms of a potential transaction, and there’s no guarantee that they will. He noted that “some people ou...

We’ve all seen those emails or spam ads, telling us of singles in our areas. Sometimes they get past our spam blocker and pop up in our email box. While most of us might delete them, some Singaporean civil servants might soon reconsider: it may very well be a dating service, courtesy of the government.  FirstDate, a pilot program introduced by Singapore’s Government Technology Agency (GovTech), offers single public officers ages 21 to 35 one potential match. Once users receive a match, they have 72 hours to decide whether or not to connect. And because the Singaporean government can’t be too sure, the program relies on a Nobel Prize-winning matching theory algorithm to really get their employees together.  “Swipe fatigue ends here,” reads the new pilot program’s website. The experiment taps into a familiar dating-app frustration: whether more options make it easier to find the one—or just make choosing harder. That’s why it’s relying on the Gale-Shapley algorithm, wh...

In today’s CEO Daily: An onstage incident turns into a leadership lesson. The big leadership story: Supermicro finally gets a new CFO. The markets: Stocks recover from a shaky week. Plus: All the news and watercooler chat from Fortune . Good morning. A few minutes into talking with Flex CEO Revathi Advaithi on stage this week at the Fortune Most Powerful Women Summit, I felt blood in my mouth. I knew what was coming as an injury to my lip had bled a few days earlier, unleashing a flood that reminded me of an old Saturday Night Live episode in which Julia Child (played by Dan Aykroyd) cuts herself while preparing a chicken. I tried to act nonchalant as a fistful of tissues turned red, and Advaithi paused a few times to ask if I was okay. My colleague Ellie Austin and members of the audience sprang into action, handing me fresh tissues and lip balm. Advaithi’s eyes conveyed concern as she answered my questions about data centers and geopolitics. I cracke...

A federal judge on Monday ordered a former OpenAI engineer accused of bugging an executive conference room to stay in jail , after questioning whether a $1 million bond the Saudi government offered to guarantee would bring him back if he fled. Abdulrahman Alfozan, the 35-year-old former OpenAI engineer, appeared in court today wearing an orange jumpsuit and white face mask while escorted by two U.S. marshals. He will remain in federal custody until his next court date, a preliminary hearing on Nov. 6. He has been in jail since the Federal Bureau of Investigation (FBI) arrested him on Oct. 9, alleging he planted the device in a conference room where executives, and sometimes government officials, discussed sensitive information, on Sept. 28. Magistrate Judge Alex G. Tse said a $1 million bond had to be weighed against the possibility that Alfozan “potentially has access to much greater wealth.” “Once he leaves, there’s no getting him back, and that’s why this is a bigger ca...