Month: August 2024
Media exec Bronfman pulls out of race to acquire Paramount
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Media veteran Edgar Bronfman Jr pulled out of the race to take control of Paramount Global, he said on Monday. Bronfman’s bid relied on participation of high net worth individuals, who were uncomfortable sharing their personal financial information […]
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This Nvidia partner says it can cut data center energy use by 50% as AI boom strains power grid
The HyperCube utilizes advanced immersion cooling technology. Sustainable Metal Cloud The artificial intelligence boom is ramping up demand for more powerful processors as well as the energy needed to keep data centers cool. That’s an opportunity for data center company Sustainable Metal Cloud, which operates “sustainable AI factories” made up of its HyperCubes in Singapore […]
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Looking to invest after the pullback? Strategist names stocks in AI, defense and more
Some investors might be shopping for stocks, given the recent market pullback. In late July, both the S & P 500 and the Nasdaq dived to a low not seen since 2022 before rebounding. Global markets — including the U.S. — sharply sold off in early August before bouncing back. However, Matt Orton of Raymond […]
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Stock futures edge lower after Dow’s record close: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on February 23, 2024 in New York City. Michael M. Santiago | Getty Images Stock futures ticked down Monday after a slide in technology stocks pressured the S&P 500 and Nasdaq Composite, while the Dow Jones Industrial Average closed at a […]
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Amazon aggregators Branded and Heyday plan to merge as once-booming industry continues to shrink
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty Images Amazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that boomed during the Covid era continues to consolidate. In […]
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Apple to replace CFO Luca Maestri on Jan. 1
Luca Maestri speaks to newly graduated students during the visit of the President of the Council, Giuseppe Conte, to Apple and Cisco Academy. Marco Cantile | Lightrocket | Getty Images Apple announced Monday that it will replace Chief Financial Officer Luca Maestri on Jan. 1 with current Apple insider Kevan Parekh. Maestri will continue to […]
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Trump classified documents case: Special counsel urges appeals court to reverse dismissal
Former U.S. President Donald Trump delivers remarks during an event following his arraignment on classified document charges, at Trump National Golf Club, in Bedminster, New Jersey, U.S., June 13, 2023. Amr Alfiky | Reuters Special counsel Jack Smith on Monday urged a federal appeals court to reverse a lower court’s decision to dismiss the criminal […]
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Judge orders ‘Pharma Bro’ Martin Shkreli to surrender all copies of rare Wu-Tang Clan album
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, exits court in New York, US, on Wednesday, Oct. 4, 2023. Yuki Iwamura | Bloomberg | Getty Images A New York federal judge on Monday ordered notorious “pharma bro” Martin Shkreli to surrender any copy he retains of a rare Wu-Tang Clan album, “Once Upon […]
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Trump clemency recipient’s arrest draws attention of judge in old drug case
Republican Presidential nominee, former president Donald J. Trump remarks during a campaign event at Precision Custom Components on August 19, 2024 in York, Pennsylvania. Tierney L. Cross | Getty Images A New York federal judge has ordered U.S. probation officials to investigate the recent arrest of a convicted drug dealer who was released from prison […]
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Mavericks, Pelicans games are leaving their local sports networks ahead of NBA season
The NBA logo before the game between the Detroit Pistons and Charlotte Hornets at Little Caesars Arena on March 11, 2024 in Detroit, Michigan. Nic Antaya | Getty Images Dallas Mavericks and New Orleans Pelicans fans are waiting for a new way to watch local games in the upcoming NBA season. Both teams are exiting […]
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