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…
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Business
CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett
by adminAt 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…
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Business
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
by adminWall 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…
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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…
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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…
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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…
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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…
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World News
Erdogan courts ‘terrorist’ Assad amid pressure to solve Turkey’s ‘Syrian problem’
by adminIt’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…
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A surfer’s leg that was severed by a shark attack on Tuesday later washed up on an Australian beach, where a police officer retrieved it and put on ice. McKenzie tried to fight off the…
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World News
15 people dead, more than 195 missing after boat carrying migrants capsizes off Mauritania
by adminAt 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…