-- China's installed power generation capacity rose 15.5% year over year to 3.96 billion kilowatts at the end of March, according to the National Energy Administration.
Solar power went up 31.3% to 1.24 billion kW, while wind power climbed 22.4% to 660 million kW.
Utilization hours declined 66 hours to 703 in the first quarter.
Moldova's parliament voted to lift the country's energy state of emergency from Saturday, ending a measure imposed after Russian strikes in neighboring Ukraine disrupted a key power line supplying most of the country's electricity, multiple media outlets reported on Friday.Moldovan officials said Russian attacks in March knocked out the Isaccea-Vulcanesti transmission line, which carries electricity from Romania to Moldova via about 40 kilometers or 25 miles of Ukrainian territory and supplies up to 70% of the country's needs.Lawmakers approved the move with 69 votes in the 101-seat chamber. The Moldovan Parliament did not immediately respond to' request for comment."The declaration of a state of emergency was not a whim. It was a carefully considered decision taken at a crucial, critical moment," Prime Minister Alexandru Munteanu reportedly said.He added that Moldova had faced two major risks at the time, pressure on the electricity grid and disruptions in the fuel market. The emergency measures helped the government avert a fuel shortage, he said.
The Kansas City Federal Reserve's monthly composite services index fell to a reading of 3 in April after rising to 15 in March, compared with a smaller expected decrease to a 10 print in a survey compiled by Bloomberg as of 7:30 am ET.A reading above zero indicates growthThe index still indicates expansion, which is in line with the S&P global flash index released earlier but in contrast with the other regional services measures already released that indicated contraction.There was a decrease in the Kansas City revenue/sales reading to 6 from 18, while the employment reading declined to minus 5 from 7.The reading of selling prices rose to 23 from 19, while the input price index increased to 48 from 45.
Alphabet's (GOOG, GOOGL) shares are expected to reach new highs as Google's AI-powered Search's potential to boost revenue growth stokes investor confidence, Oppenheimer said in a note Thursday.Wall Street is "irrationally" assuming that Search revenue growth will decelerate over the next two years, the brokerage said.Google has yet to benefit from its AI conversion enhancements, analysts said as they noted that advertisements in AI Overviews were launched globally only at the end of 2025, AI Mode ads are still in the early stages, and AI chatbot Gemini currently has no ads.Meanwhile, revenue growth in the Google Cloud Platform is accelerating and could hit 60% in 2026, analysts said, as the company's capital spending on capacity starts to make an impact.Google is in the early stages of using data from Search, Maps, Gmail, and Calendar to deliver agentic AI with a "claw-bot" experience, according to the note.Oppenheimer kept its outperform rating on Alphabet stock, with a $360 price target.Price: $335.91, Change: $-1.84, Percent Change: -0.54%