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Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) has usually been right when it comes to investing in long-term value creators. Among Berkshire Hathaway’s investments are a growing portfolio of companies that are in the business of geothermal power. As clean energy grows more prominent, knowing which geothermal stocks will be winners is critical. Berkshire also points out that “geothermal energy is so efficient, the only real source of energy loss comes from turbine friction.” While geothermal constitutes just 5% of renewable energy generation, the outlook seems promising. It might therefore make sense to consider some exposure to geothermal stocks. Last year, Vik Rao, former chief technology officer at Halliburton (NYSE:HAL), made an important point on geothermal energy. Rao pointed out that “geothermal is no longer a niche play. It’s scalable, potentially in a highly material way.” #energy #england #creator #companies #longterm #berkshire #value #portfolio #renewableenergy #stock ...

By Emily Cochrane and Jim Tankersley WASHINGTON — The Senate voted on Wednesday to take up a $1 trillion bipartisan infrastructure bill that would make far-reaching investments in the nation’s public works system, as Republicans joined Democrats in clearing the way for action on a crucial piece of President Biden’s agenda. The 67-to-32 vote, which included 17 Republicans in favor, came just hours after centrist senators in both parties and the White House reached a long-sought compromise on the bill, which would provide about $550 billion in new federal money for roads, bridges, rail, transit, water and other physical infrastructure programs. Among those in support of moving forward was Senator Mitch McConnell of Kentucky, the Republican leader and a longtime foil of major legislation pushed by Democratic presidents. Mr. McConnell’s backing signaled that his party was — at least for now — open to teaming with Democrats to enact the plan. The deal still faces several obstacles ...

FedEx Express, a subsidiary of delivery services giant FedEx, is investing $100 million in Indian startup Delhivery as the global firm looks to expand its presence in the South Asian country. Friday’s investment comes less than two months after the Gurgaon-headquartered startup, which is valued at $3 billion, secured $277 million ahead of an initial public offering in the coming quarters. As part of the deal, the companies will enter into a long-term commercial agreement. FedEx Express will focus on international export and import services to and from India, and Delhivery will, in addition to FedEx, sell FedEx Express international products and services in the India market and provide pickup and delivery services across India. FedEx will transfer certain assets pertaining to its domestic business in India to Delhivery. “Our aim is to bring new products and opportunities to Indian and global businesses and consumers through unique access to our networks, and our technology and en...