In the race to secure clean energy to power artificial intelligence, tech companies are turning to nuclear plants to directly connect data centers. This move has raised concerns among some utilities about the potential impact on the electric grid. Given that data centers now require a gigawatt or more of power in some cases, which
Investing
In recent days, the stock market has seen a mix of gains and losses across various companies, indicating a volatile period for investors. E.l.f. Beauty, for instance, experienced a substantial increase in sales, but its stock fell significantly in after-hours trading. Likewise, Paramount Global saw a surge in its streaming division’s performance, yet had to
As we analyze the current state of office demand in the U.S., it is essential to consider the performance of key stocks in the market. SL Green has seen a significant increase, with a 12% growth in just a month and a remarkable 20% gain over the past three months. However, it is worth noting
SunPower, once a prominent player in the rooftop solar installation industry, has now filed for bankruptcy after facing numerous challenges. The company’s stock plummeted by 32% to a mere 55 cents per share, marking a staggering 90% decline throughout the year. These numbers paint a grim picture of SunPower’s financial health. In its Chapter 11
Brokerage firm Robinhood made a stunning announcement late Monday night, revealing that they would be discontinuing overnight trading due to a critical problem with their execution venue. The company disclosed on social media that Blue Ocean ATS, the third-party firm responsible for round-the-clock trading on Robinhood, has halted its overnight market operations. This unexpected development
Warren Buffett made headlines in the investing world recently with a bold and unexpected decision – slashing his massive stake in Apple by half. This move sent shockwaves through the market, causing the tech giant’s stock to plummet amidst a global sell-off. Buffett’s surprising maneuver comes at a time when global stock markets are facing
Investors are increasingly looking towards the top Wall Street analysts for insights on stock picks with solid long-term growth potential. One of the stocks favored by these experts is Google parent company Alphabet (GOOGL). Despite reporting impressive second-quarter results, with strengths in Search and Cloud businesses, Alphabet faced a setback in YouTube advertising revenue. Analyst
Five9, a leading provider of intelligent cloud software for contact centers, has been making waves in the business world. With a market value of $3.01 billion and a stock price of $40.77 per share, the company has been attracting attention from investors and activists alike. Anson Funds, a multi-strategy fund, recently acquired a position in
Warren Buffett’s Berkshire Hathaway has been on a selling spree, shedding a total of 19.2 million Bank of America shares over a span of three days. This resulted in almost $779 million in sales at an average price of $40.52 per share. The conglomerate has been offloading BofA stock for 12 consecutive days, with total
Bill Ackman, the well-known hedge fund manager, recently decided to withdraw his plans for an initial public offering (IPO) due to a perceived lack of investor interest. This decision comes as a surprise, especially considering Ackman’s initial aspirations to model his fund after the successful Berkshire Hathaway. It seems that the original expectations for the