The race to secure clean energy to power artificial intelligence is on the rise, with tech companies increasingly looking to directly connect data centers to nuclear plants. This move has sparked resistance from some utilities over concerns about its potential impact on the electric grid. Data centers, which are essential to U.S. economic competitiveness and
Investing
The stock market has been experiencing various ups and downs in recent times, with certain companies standing out for their impressive performances. For instance, E.l.f. Beauty managed to post a remarkable 50% gain in sales during its fiscal first quarter, following a substantial increase in the year-ago period. However, the company warned investors about potential
The Real Estate market has seen some interesting movements recently, with some stocks showing significant gains while others are struggling to stay afloat. Stocks @ Night, a daily newsletter, provides valuable insights into the performance of various companies in the sector. CNBC TV’s Diana Olick will be reporting on the state of office demand in
SunPower, a once-prominent rooftop solar installer, has filed for bankruptcy after a prolonged period of financial turmoil. The company’s stock plummeted by 32% to a mere 55 cents per share, marking a colossal decline of nearly 90% over the course of the year. This dramatic turn of events is a stark reminder of the perils
On Monday evening, brokerage firm Robinhood made a significant announcement that shook the trading industry. The company revealed that it would not be offering overnight trading due to an issue with its execution venue. This decision was likely met with frustration from traders who rely on Robinhood for round-the-clock trading options. The third-party firm that
Warren Buffett’s unexpected decision to cut Berkshire Hathaway’s Apple stake by half has sent shockwaves through the investing world, leading to a significant drop in the tech stock’s value on Monday. This move has raised eyebrows and sparked speculation about the reasons behind such a drastic action. In the wake of an intensifying global sell-off
Alphabet, the parent company of Google, is a well-known tech giant that recently reported its second-quarter results, emphasizing the strength of its Search and Cloud businesses. While YouTube advertising revenue experienced slower growth than expected, analysts like BMO Capital’s Brian Pitz are optimistic about Alphabet’s future prospects. Pitz highlighted the benefits of artificial intelligence in
Five9 is a company that provides intelligent cloud software for contact centers worldwide. They deliver a virtual contact center cloud platform with a suite of applications that cater to various customer service, sales, and marketing functions. The company serves clients in different industries such as banking, retail, healthcare, technology, and education. Stock Market Performance As
Over the course of 12 consecutive days, Berkshire Hathaway, the conglomerate chaired by Warren Buffett, has been steadily selling off Bank of America shares. The company shed a total of 19.2 million BofA shares for almost $779 million, with an average selling price of $40.52 per share. This sustained sell-off has now amassed total sales
Bill Ackman’s Pershing Square USA recently made headlines by withdrawing plans for an initial public offering (IPO) after apparent lackluster investor demand. Originally, Ackman had ambitious plans to model his fund after Berkshire Hathaway, but those plans were put on hold due to the unmet expectations of potential investors. Despite the setback, Ackman remains determined