Renewable energy demand will triple over the next seven years as data center growth accelerates to facilitate the proliferation of artificial intelligence, NextEra Energy CEO John Ketchum said Wednesday. NextEra added 3,000 megawatts of renewable and storage projects to its order backlog in the second quarter. Of those, 860 megawatts — or 28% — come from agreements with Google to power the ...
Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield on the 10-year Treasury note has been lower than most of its shorter-dated counterparts since that time — a phenomenon known as an inverted yield curve which has preceded nearly every recession going back to ...
At Berkshire Hathaway’s annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in fact, it advised insurance agents to only sell cyber policies if they absolutely had to do so to satisfy a client, and to expect losses. A primary reason cited is ...
U.S. stocks had their worst day since 2022 on Wednesday amid a broad pullback in tech companies as Wall Street traders sought to reduce their exposure to firms that have made big bets on artificial intelligence. The tech-heavy Nasdaq index closed down 3.6%, while the broader S&P 500 index closed down 2.3% — both their worst performances in more than ...
Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose after the closing bell. As of Wednesday’s close, Chipotle’s stock had slid 17% this month, hurt by investor concerns about the health of the restaurant industry. In late June, the ...
Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for ...
The National Basketball Association has rebuffed longtime media partner Warner Bros. Discovery’s bid to keep airing games after next season. The NBA told the media company it doesn’t believe it holds legal matching rights for the league’s new media deal. It instead plans to move ahead with Amazon as its third partner, along with ESPN and NBCUniversal, in its 11-year deal worth about ...
It’s been well over a decade since millions of Syrians flooded into Turkey en masse, seeking refuge from the civil war at home. But today, there are increasing signs the refugees may have worn out their welcome. This month, anti-Syrian riots took place in several cities across the country. In the capital Ankara, opposition parties are calling for mass deportations, ...
Alyoshina said she is now “ashamed” of posts she made earlier this year announcing the move. “I wrote and said this out of fear because gender reassignment and the non-existent LGBTQ+ movement are prohibited in the Russian Federation,” she said, adding: “I was born a woman in a man’s body.” Then, in May, Alyoshina changed her Telegram channel back to her pre-transition name and uploaded a ...
At least 15 people have died and more than 195 are missing after a boat carrying migrants capsized near Mauritania’s capital Nouakchott, the International Organization for Migration (IOM) said Wednesday. The Mauritanian coastguard has rescued 120 people since the boat capsized Monday, including unaccompanied and separated children, according to IOM. “We are deeply saddened by the death of 15 migrants ...