Connect with us

Published

on

U.S. President Donald Trump steps off of Air Force One after arriving back at Joint Base Andrews on June 17, 2025 on Joint Base Andrews, Maryland. Trump said he left the G7 Leaders’ Summit a day early to return to Washington to try to deal with the conflict between Israel and Iran.

Chip Somodevilla | Getty Images News | Getty Images

Hopes of a quick ceasefire between Israel and Iran were dashed by several social media posts from U.S. President Donald Trump. As he took an early departure from the Group of Seven summit, Trump said it “certainly has nothing to do with a Cease Fire” and that he was involved in something “much bigger than that.”

What’s bigger than a ceasefire? An escalation in conflict on the prospect of the U.S. joining the hostilities in the Middle East. Trump, on his social media platform Truth Social, threatened Iran’s leader Ayatollah Ali Khamenei that he is an “easy target” and wants him to “surrender.”

Trump’s posts on Truth Social brought U.S. stocks lower and caused oil prices, which were on the retreat Monday, to shoot up more than 4% during Tuesday’s trading session in America. A weaker-than-expected U.S. retail sales report in May also added to the heavy sentiment in markets.

The U.S. Federal Reserve’s rate-setting meeting will conclude Wednesday. While central bankers are expected to leave interest rates unchanged, the committee will release updated projections of where they see rates going. Chair Jerome Powell will also answer questions from the media at this press conference. All of those are market-moving events — so it’s a relief, at least, they come from official communiques.

What you need to know today

Trump weighs strike on Iran
A
U.S. military strike against Iran is one of the options Trump is considering, after meeting with his top national security advisors on Tuesday afternoon, current and former administration officials told NBC News. Earlier in the day, Trump wrote on Truth Social that the U.S. knows “exactly” where the Iran’s leader, Ayatollah Ali Khamenei, is “hiding,” and demanded “UNCONDITIONAL SURRENDER!”

U.S. markets fell while Asia trades mixed
U.S. stocks retreated Tuesday as Trump’s rhetoric on Iran ramped up. The S&P 500 fell 0.84%, the Dow Jones Industrial Average shed 0.7% and the Nasdaq Composite was down 0.91%. Asia-Pacific markets were mixed Wednesday. At 1:30 p.m. Singapore time, Japan’s Nikkei 225 rose 0.77% even as the government reported a drop in exports in May, while South Korea’s Kospi added 0.56%. Hong Kong’s Hang Seng Index, however, lost 1.23%.

Exports from Japan fall in May
Japan exports in May declined 1.7% year over year, according to data from Japan’s trade ministry released Wednesday. While that drop fares better than the 3.8% decline expected from a Reuters poll of economists, it’s still the steepest fall since September 2024 and reverses the 2% growth in April. Exports to the U.S. dropped 11.1% from a year earlier, much worse than than the 1.8% fall in April.

Meta trying to poach OpenAI staff: Altman
On a podcast released Tuesday, OpenAI CEO Sam Altman said Meta had sought to hire “a lot of people” from the artificial intelligence company, and had offered signing bonuses as high as $100 million — but “so far none of our best people have decided to take them up on that.” Meta CEO Mark Zuckerberg is frustrated with his firm’s standing in the AI space, sources told CNBC.

U.S. passes landmark crypto bill
The U.S. Senate on Tuesday passed the GENIUS Act, a landmark crypto bill that establishes federal guardrails, including full reserve backing, monthly audits, and anti-money laundering compliance, for U.S. dollar-pegged stablecoins. It also opens the door to a range of issuers, including banks, fintechs, and major retailers looking to launch their own stablecoins or integrate them into existing payment systems.

[PRO] Global stocks will reign: Investors
The era of U.S. exceptionalism might be coming to an end. Not only have global stocks vastly outperformed those in America year to date, investors also think they will be the best-performing asset class over the next five years, according to the results of Bank of America’s latest fund manager survey.

And finally…

Federal Reserve Chair Jerome Powell.

Chip Somodevilla | Getty Images

The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect

While any immediate movement on interest rates seems improbable, the Federal Reserve’s policy meeting, which concludes Wednesday, will feature important signals that still could move markets.

Among the biggest things to watch will be whether Federal Open Market Committee members stick with their previous forecast of two rate cuts this year, how they see inflation trending, and any reaction from Chair Jerome Powell to what has become a concerted White House campaign for easier monetary policy.

As things stand heading into the meeting, markets are pricing in the next cut to come in September, which would be the one-year anniversary of a surprisingly aggressive half-percentage-point reduction the FOMC instituted amid concerns over the labor market. The committee added two more quarter-point moves by the end of the year and has been on hold since.

Continue Reading

Environment

Rove breaks ground on 2nd ‘full-service’ EV charger, this time in Costa Mesa, CA

Published

on

By

Rove breaks ground on 2nd 'full-service' EV charger, this time in Costa Mesa, CA

Rove, a company founded to improve the EV charging experience by building “full service” EV charging centers with access to amenities you can use while charging, has just broken ground on its 2nd charging center, to be open in October/November of this year.

Rove’s first charging center opened last October, and features 40 DC charging stalls, with 28 V4 NACS/Tesla Superchargers and 12 CCS (2 of the CCS chargers also include a CHAdeMO cable, for the few cars out there that still need one of those). 2 of the CCS chargers are 350kW, with the rest capable of 184kW.

The concept doesn’t end there though – in addition to being able to charge every type of EV out there (well, except this writer’s Tesla Roadster, which has no DC charging capability), it also includes a lot of amenities that EV drivers don’t often get at their charging stops.

While lots of charging stations are located in areas like malls with nearby shops to go to, the actual charging area itself is usually just the chargers and nothing else, without the convenience items that you often find at a gas station.

Advertisement – scroll for more content

So, Rove includes all of those and more. It’s got air for your tires, a car vacuum, windshield cleaner stations, a canopy to keep you and your car shaded (and to generate electricity for the site with solar panels), and… get this… trash cans!

In addition, there’s also a 24/7 lounge on site, with security, clean bathrooms, indoor and outdoor seating (and standing tables, so you can stretch your legs after a drive), and wifi.

And, finally, Rove has partnered with upscale SoCal grocery chain Gelson’s to provide a grocery store experience – somewhere between the gas station convenience store and a full, fancy Gelson’s.

The chain calls these smaller stores “ReCharge by Gelson’s,” and they include an area for hot food (pizza and sandwiches), frozen food (like single-serving ice cream treats, an absolute necessity on the road, at least according to me), and even fresh sushi. The store also includes several convenience items, such that visitors can conceivably combine a charging stop with a small grocery shopping trip at the same time. Or, for those who live in the nearby apartments, it’s another walkable grocery stop.

The Santa Ana site has been operating for the better part of a year now, and has hosted several community events as well – which has been a great place to go EV spotting, as each time I’ve been there, I’ve seen an incredible variety of cars (including some of the newest EVs – that’s Southern California for you).

Now, Rove is making moves to open its second station in nearby Costa Mesa, with much the same setup of its first station.

The new site is at 2666 Harbor Blvd in Costa Mesa, about a mile South of the 405, between Adams and Merrimac. It’s a bit further from the freeway than the Santa Ana site, which is only a couple hundred yards away, but Harbor Blvd is a large street with a lot of traffic, and nearby several freeways (the 405, 55 and 73).

The building is shared with a Goodwill, so you might perhaps be able to even go clothes shopping at this one, if you’re all full up on groceries.

Costa Mesa will include mostly the same setup of chargers and amenities as the Santa Ana site, except it won’t have the car wash and small turf-covered dog area that they have in Santa Ana. It will also have solar and battery storage on site, just like Santa Ana.

While the last charger took about a year to open after its groundbreaking, Rove thinks it can get this site ready much more quickly. It expects to have it open somewhere around October/November, a pretty quick timeline given groundbreaking just happened today in June.

The groundbreaking was attended by Rove CEO Bill Reid and representatives from Gelson’s and the city of Costa Mesa, who posed for the ceremonial “shovel photo.”

We also got a short tour of the site showing us… well, nothing yet except some holes where cables will go and the inside of a building. But hey, at least the building is already up, and doesn’t need to be built like the last one did.

Rove is planning several other sites around Southern California, with locations identified in Corona, Torrance and Long Beach so far. Each will have slightly different amenities (like larger parking spots in Corona, to accommodate up to class 6 vehicles), and will open gradually over the coming years (the company is still a fairly small team, so give them time).

Electrek’s Take

I love what Rove is doing, and I think there’s a lot of room for locations like this in the EV charging space, and I think Rove is doing it as right as anyone else is. That’s why I like to cover them whenever they come up.

There’s a lot of talk about EV charging being difficult, but for those of us who have taken EVs on roadtrips, it’s often a pleasant experience anyway. As long as there are clean chargers with something to do nearby, you really don’t feel restricted by the time you spend charging.

For example, I went on a 2,200 mile roadtrip with no prep, and never felt like I had to wait on my car to charge. This is because I stopped at some excellent charging stops (shoutout to my favorite charging stop at the Supercharger in Harrisburg, Oregon, run by Olsen Run Winery) which really improved the process.

The thing is, EV charging could be such an opportunity for businesses to offer services to captive customers who are happy to have something to do, and often won’t mind spending a few bucks anyway. There are some businesses who have already learned to take advantage of this, but it’s been a bit of a patchwork so far.

Rove shows how a business could provide all of these services under one roof. And we think this concept would work in a wide variety of areas. Gas stations already have something similar, with Buc-ee’s style travel stops, and people enjoy stopping at those even though they’re not waiting for their car to fill up. So why not offer something similar for EVs, and kill off all the complaints about EV charging being somehow inferior or weird or different?


When you’re not out on the road, charge your electric vehicle at home using rooftop solar panels. Find a reliable and competitively priced solar installer near you on EnergySage, for free. They have pre-vetted installers competing for your business, ensuring high-quality solutions and 20-30% savings. It’s free, with no sales calls until you choose an installer. Compare personalized solar quotes online and receive guidance from unbiased Energy Advisers. Get started here. – ad*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Nissan confirms its first EV with ‘game-changer’ solid-state batteries is still on track

Published

on

By

Nissan confirms its first EV with 'game-changer' solid-state batteries is still on track

Nissan is betting big on solid-state batteries to help power up a comeback. The automaker says the next-gen battery tech will be a “game-changer for EVs,” promising more range, faster charging, and lower costs. Nissan just confirmed its first EV with solid-state batteries is on track, but it may trail Toyota and Volkswagen to market.

When will Nissan launch its first solid-state battery EV?

After showcasing its all-solid-state battery pilot line at its Yokohama plant last year, Nissan is moving forward with the new tech.

In 2021, Nissan announced plans to launch its first EV with solid-state batteries by early 2029. The company said at the time that it was involved in “wide-ranging research and development,” including at the molecular level.

According to the latest update, it could be here slightly ahead of schedule. Nissan’s director of product planning in Europe, Christop Ambland, confirmed with Auto Express, saying, “Yes, we will be ready for SSB (solid-state batteries) in 2028.”

Advertisement – scroll for more content

Ambland added that Nissan “can’t rush the process” and wants to ensure the new battery tech is “reliable, and ready to meet our customers’ expectations.”

Nissan believes, like many, that solid-state EV batteries can increase energy density by up to 30% compared to traditional lithium-ion batteries, at a much lower cost.

Nissan-first-EV-solid-state-batteries
Nissan N7 electric sedan (Source: Dongfeng Nissan)

It also said they offer the potential to cut charging times by one-third. In October, Nissan unveiled the Hyper Force EV concept, an electric supercar (that looks a bit like the GT-R meshed with a Tesla Cybertruck), boasting over 1,300 hp (1,000 kW).

Nissan hinted the new battery tech could be used to power its upcoming electric sports cars, like an electric GT-R. Although it’s blurred the Hyper Force concept wore a GT-R logo up front.

Nissan-first-EV-solid-state-batteries
Nissan Hyper Force EV concept (Source: Nissan)

It will initially be used for EVs, but Nissan could also utilize the new tech for its plug-in hybrids. Amberland hinted, “We are not sure where the technology could lead, but we are actively exploring all potential applications.”

Toyota, Volkswagen, and Stellantis are aiming to release their first solid-state battery-powered electric vehicles around 2027.

BYD and CATL, which are already dominating global EV battery sales, plan to launch their first EVs with solid-state batteries around 2027. It looks like Nissan could be late to the party once again.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

SolarEdge batteries now qualify for up to $3,000 in OR and WA incentives

Published

on

By

SolarEdge batteries now qualify for up to ,000 in OR and WA incentives

SolarEdge just became a qualified home battery storage maker for Pacific Power’s new Wattsmart Battery Program, which offers incentives for solar battery installations in Washington and Oregon.

The utility now offers cash incentives to residential and commercial customers who install qualifying solar batteries and let Pacific Power use that stored energy to support the grid during peak demand. SolarEdge is now on the approved list, and its high-efficiency, DC-coupled batteries are eligible for serious perks.

Here’s how the deal works: If you’re a homeowner in Oregon or Washington and install a SolarEdge battery, you can earn $600 per kilowatt – up to $3,000 per battery – for joining the program. Commercial customers can qualify for the same $600 per kilowatt, with a cap at 30 kW. That upfront payment goes a long way toward cutting battery costs, which can be a barrier for many people.

In return, Pacific Power gets to tap into the batteries to balance the grid in real time, manage peak energy loads, relieve congestion on local circuits, and, on the home front, the batteries still provide backup power during outages.

Advertisement – scroll for more content

It’s not a new idea for Pacific Power – the utility already runs similar virtual power plant programs in Utah, Idaho, and Wyoming, with thousands of SolarEdge batteries already in the mix. Now, it’s expanding that model to the Pacific Northwest.

“SolarEdge’s batteries and established installer network have shown they can effectively integrate with our Wattsmart Battery Program,” said Shawn Grant at PacifiCorp, which operates Pacific Power. “Their technology supports our goal of building a more resilient and flexible grid.”

Marty Rogers, general manager of SolarEdge North America, says, “Participants can earn up to $3,000 per battery while taking advantage of our DC-coupled architecture, which avoids triple energy conversions to deliver higher efficiency and more usable solar energy. It’s a smarter, cleaner, and more cost-effective way to maximize backup power and savings.”

The Wattsmart Battery Program is now live for customers in Oregon and Washington.

Read more: The US’s largest virtual power plant now runs on 75,000 home batteries


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending