Business

Shocked by Your Electric Bill? AI Is Spiking Prices 20% in These 13 States  PCMag America’s largest power grid is struggling to meet demand from AI  Reuters US utilities plot big rise in electricity rates as data centre demand booms  Financial Times The Software That Could Save the Grid  Heatmap News There aren’t enough AI chips to support data center projections, report says  Utility Dive …

Nvidia Stock Falls From Historic High. Here’s What Gets It Back There.  Barron’s Nvidia becomes first company to close above $4 trillion mark  Yahoo Finance 2 Artificial Intelligence (AI) Stocks to Buy Before They Soar 150% and 735%, According to Certain Wall Street Analysts  The Motley Fool Time to book some profits in Nvidia? How to trade the $4 trillion stock from here …

Andrew Kassoy, 55, Dies; Saw Capitalism as a Force for Social Good  The New York Times Source link

Cadillac claims to have already achieved “EV leader” status this year with a full lineup of luxury electric SUVs rolling out. Even with the federal EV tax credit set to end, GM’s luxury brand believes it’s well-positioned to weather the storm. Is Cadillac really the leading luxury EV brand? Cadillac is coming off its best first-half sales since 2008. Sales …

Indeed and Glassdoor are laying off 1,300 people. The CEO of the parent company that owns both job-hunting platforms extolled the virtues of AI in the memo announcing the cuts. The companies have cut 3,200 jobs in the past two years. As if to underline just how unstable today’s job market is, job-hunting platform Indeed has instituted a series of …

Wall Street thought it had President Donald Trump all figured out on his trade war, but the past week has raised concerns that investors may be wrong. Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory …

A complaint that sparked the initial January inquiry accused X of spreading “an enormous amount of hateful, racist, anti-LGBT+ and homophobic political content, which aims to skew the democratic debate in France.” POLITICO has reached out to X for comment. The investigation lands as X is increasingly under fire from regulators in Paris and Brussels. Two French parliamentarians referred the platform …

Once-in-a-Generation Copper Trade Upends a $250 Billion Market  Bloomberg Opinion | Trump’s Tariffs Blow Up the Copper Market  The Wall Street Journal Trump’s copper tariffs pile more metal misery on US auto industry  Reuters U.S. Copper Prices Surge on Trump’s Threat of 50% Tariff  The New York Times Triangle businesses brace for possible 50% copper tariff  ABC11 Source link

Inflation has fallen considerably, but it is still too high for Federal Reserve policymakers’ tastes. And tariffs make the calculation even more complicated. “We’ve had goods inflation just moving up a bit,” said Fed Chairman Jerome Powell at a news conference last month. “We do expect to see more of that over the course of the summer. It takes some …

Amazon Prime Day Fuels 30.3% Rise In US Online Spending  Bloomberg.com Amazon Prime Day 2025 delivers record sales and savings in expanded four-day shopping event  AboutAmazon.com Amazon Prime Day 2025 racks up record sales figures, company says  USA Today US online spending surges $24.1 billion as steep discounts boost sales, Adobe says  Reuters What Amazon’s Prime Day looks like so far this year: Better …