Month: November 2024
Talen, Constellation and Vistra tumble after government rejects Amazon nuclear data center agreement
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Technology companies’ push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center. The Federal […]
Read More
The Dow needs Nvidia to give chipmakers representation in index after Intel’s plunge
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images At around $23 a share, Intel is no longer a viable member of the Dow Jones Industrial Average. That was the conclusion of the S&P Dow Jones committee, which decides […]
Read More
Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024 (L), and Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Reuters Physical Intelligence, a robot startup based in San Francisco, has raised $400 […]
Read More
Labor strikes shut down operations at Canada’s container ports from East to West Coast, with U.S. trade left in limbo
Key ports on Canada’s West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. The International Longshore and Warehouse Union Ship & Dock Foreman Local 514 began striking on Monday morning, stopping containers and cargo immediately. According to the Greater Vancouver Board […]
Read More
What the stock market typically does after the U.S. election, according to history
Traders work on the floor at the New York Stock Exchange on Oct. 24, 2024. Brendan McDermid | Reuters Stocks typically rise after a presidential election — but investors need to be prepared for some short-term choppiness first, history shows. The three major benchmarks on average have seen gains between Election Day and year-end in […]
Read More
Arizona businesses worry immigration proposal on ballot would exacerbate worker shortage
PHOENIX — Immigration is a top election issue across the country, but few places feel it more than Arizona, the only swing state along the southern border and home to one of the races that could make or break control of the Senate. Arizona businesses say a shortage of workers is threatening to hold up […]
Read More
What Nvidia’s Dow inclusion means for the chipmaker, according to history
Investors are expecting the Dow Jones Industrial Average to get a boost from the inclusion of the biggest artificial intelligence beneficiary of the last year. But history shows they may have to wait. The 30-stock Dow has underperformed this year and last after failing to capitalize on the artificial intelligence boom that helped bolster the […]
Read More
Quantifying how much Nvidia will influence the Dow after it joins the storied average
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Nvidia is joining the storied Dow Jones Industrial Average. We learned on Friday the chipmaker would be added to the blue-chip index, ending months of speculation that began in May […]
Read More
More homeowners just started pulling cash out of their properties. Here’s why.
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images U.S. homeowners are sitting on a record amount of equity, but higher interest rates over the past two years have made them reluctant to tap […]
Read More
Stocks making the biggest moves midday: Nvidia, Berkshire Hathaway, Yum China and more
Check out the companies making headlines in midday trading. Nvidia , Sherwin-Williams – The stocks rose more than 1% and roughly 3%, respectively, on the heels of the announcement that both are going to join the Dow Jones Industrial Average , effective Friday. Nvidia is slated to replace rival chipmaker Intel , while paint manufacturer […]
Read More