Every technology boom eventually gets a villain the public can picture. For the railroads, it was land grabs. For artificial intelligence (AI), it became a data center quietly drinking a town’s water while a chatbot wrote someone’s emails. That picture is not imaginary. Massive computing warehouses run hot, and the cheapest way to keep thousands
Bank of America Global Research economists expect the Federal Reserveto raise interest rates three times this year due to Chair Kevin Warsh’s more hawkish stance and the nation’s overall economic resilience despite the Iran War. BofA revised its forecast after the Fed left the benchmark federal funds rate unchanged June 17 as almost half of
Microsoft (MSFT) CEO Satya Nadella sat for a Wall Street Journal interview on June 21 and spent most of the time discussing a problem that goes well beyond Microsoft: who gets to control how AI develops, who captures the gains from it, and what happens when the answer is too few people? He had already
Needham recently raised its price target on Micron Technology (MU) to $1,550 from $500, tripling its outlook two days before the company’s earnings report. That kind of leap usually follows a blowout quarter, not before one. Hours after the new target sent shares higher, Micron stock reversed hard on Tuesday, caught in a broader selloff
Intel (INTC) has gained about 263.09% year to date at the time of writing, Tuesday afternoon, June 23. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.04% in the same period. Intel stock has outpaced the S&P 500 by a wide margin, thanks to its position in the semiconductor sector, which is rallying
Reducing heat indoors during summer months has always been a cost, but for most of modern history, it was a manageable one. You ran the air conditioner harder in July, your electricity bill ticked up, but by October the whole thing faded into background noise. Utilities planned around it. Investors rarely thought about it. That
Reels came from TikTok’s rise. Threads came from Twitter’s implosion. Mark Zuckerberg has spent the better part of a decade identifying fast-growing categories, building Meta’s version, and running it through a user base that no other company can match. He just found his next one. The New York Times reported on June 23 that Zuckerberg
For years, many Americans hoping to buy a home have been stuck in a waiting game. They have waited for mortgage rates to come down and for the market to become generally more favorable for buyers. That patience has not paid off the way many hoped. The average 30-year fixed mortgage rate sat at 6.47%
Federal Reserve Chairman Kevin Warsh did not make a definitive policy statement on artificial intelligence during his June 17 press conference. He achieved something quieter and perhaps more crucial for Wall Street. Warsh said AI could be integrated into a bigger effort to revamp how the Fed gathers data, analyzes productivity and evaluates the economy
With a grueling and prolonged heat wave continuing to engulf large swaths of France into the start of this week, temperatures that are now expected to top 40 degrees Celsius (104 degrees Fahrenheit) have led local authorities to put in place a number of emergency measures that restrict public activities. While French laws normally allow