Year: 2024
Why tech giants such as Microsoft, Amazon, Google and Meta are betting big on nuclear power
Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry’s AI ambitions driving much of the surge. Data centers powering AI and cloud computing could soon […]
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The boom in active ETFs is poised to continue in 2025. What it means for Wall Street
Wall Street asset managers are betting on actively managed exchange-traded funds to help grow their revenue and protect their margins, but the space is shaping up differently than the traditional stock-picking business. ETFs have traditionally been associated with low-cost passive management, and the vast majority of money in the space is held by those vanilla […]
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Janet Yellen says Treasury Department will need to take ‘extraordinary measures’ to avoid debt ceiling next month
Treasury Secretary Janet Yellen speaks with CNBC from the New York Federal Reserve on Sept. 26th, 2024. David A. Grogan | CNBC Treasury Secretary Janet Yellen warned congressional leaders Friday that the federal government will hit its debt limit as early as Jan. 14 unless Congress takes action or her department implements “extraordinary measures” to avoid default. […]
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Next ECB rate cut could be longer in coming, Holzmann says
Robert Holzmann, governor of Austria’s central bank. Bloomberg | Bloomberg | Getty Images The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday. “I don’t see any interest rate hikes at the […]
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Elon Musk accused of censoring conservatives on X who disagree with him about immigration
Tech billionaire Elon Musk faced accusations of censorship Friday from fellow conservatives after several prominent right-wing accounts who had criticized Musk’s views on immigration said that they subsequently lost access to premium features on Musk’s social media app, X. At least 14 conservative accounts said late Thursday or Friday that X had revoked their blue verification badge, […]
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US to send $1.25 billion in weapons to Ukraine, pushing to get aid out before Biden leaves office
WASHINGTON (AP) — The United States is expected to announce that it will send $1.25 billion in military assistance to Ukraine, U.S. officials said Friday, as the Biden administration pushes to get as much aid to Kyiv as possible before leaving office on Jan. 20. The large package of aid includes a significant amount of munitions, including […]
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Google CEO Pichai tells employees to gear up for big 2025: ‘The stakes are high’
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images Google CEO Sundar Pichai told employees last week that “the stakes are high” for 2025, as the company faces increased competition and regulatory hurdles and contends […]
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How five top CEOs described the AI boom in 2024
Throughout 2024, CNBC’s Jim Cramer discussed the seemingly boundless rise of artificial intelligence with dozens of CEOs across the tech world. Here is how five top enterprise leaders characterized AI’s meteoric rise this year. Nvidia CEO Jensen Huang said the “AI computing ramp” is only beginning and will last years. Huang in March painted a […]
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Trump urges Supreme Court to hit pause on a law that could ban TikTok in the U.S. next month
U.S. President-elect Donald Trump attends Turning Point USA’s AmericaFest in Phoenix, Arizona, U.S., December 22, 2024. Cheney Orr | Reuters President-elect Donald Trump on Friday asked the Supreme Court to pause implementation of a law that would ban TikTok in the U.S. on Jan. 19 if the app is not sold by its Chinese parent company. The […]
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Goldman Sachs’ top software and hardware picks for 2025 include an array of AI infrastructure builders
Goldman Sachs remains selectively positive on artificial intelligence infrastructure builders heading into the new year. In a note published earlier in December, the Wall Street investment bank cited continued momentum in underlying AI infrastructure demand as a catalyst in 2025. “We expect demand for AI data center equipment to remain robust in 2025/26, benefiting both […]
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