Oracle stock slipped 5% on Tuesday after a report from The Information that raised questions about the company’s plans to buy billions of Nvidia chips to rent as a cloud provider to clients like OpenAI. Oracle had 14% gross margins on $900 million in sales in its Nvidia cloud business in the three months ending in August, according to the …
Read More »BILLINGS, Mont. (AP) — A Navajo tribe-owned company bid $186,000 to lease 167 million tons of coal on federal lands in southeastern Montana on Monday in the biggest U.S. coal sale in more than a decade. The offer from the Navajo Transitional Energy Co. (NTEC) equates to one-tenth of a penny per ton, underscoring coal’s diminished value even as President …
Read More »
This article first appeared on GuruFocus. Microsoft (MSFT, Financials) shares ticked higher Monday after the company stepped in to squash growing rumors that it was done making Xbox consoles. Speculation had been swirling online that the Xbox Series X and S would be the last of their kind, with Microsoft supposedly shifting to a cloud-only future centered on Xbox Game …
Read More »
The AppLovin logo arranged on a smartphone in New York, US, on Wednesday, Feb. 26, 2025. Gabby Jones | Bloomberg | Getty Images AppLovin shares plummeted on Monday after Bloomberg reported that the SEC has been probing the mobile advertising company over its data-collection practices. The agency has been looking into whether the company violated agreements on pushing targeted ads …
Read More »
Microsoft has issued a statement insisting it remains committed to Xbox consoles after a fresh rumor that it planned to exit the hardware business. The rumor emerged from an alleged insider who claimed Microsoft’s Xbox hardware plans had become less sure and that the future of Xbox was software publishing — a common suggestion on social media and on forums. …
Read More »Could Nvidia become a $10 trillion company? These analysts see a path. MarketWatch Nvidia gets a price target hike from Citi on AI infrastructure growth, OpenAI deal CNBC Nvidia’s Stock Is Up Over 1,100% Since 2023. Is It Too Late to Buy? Yahoo Finance Top Analyst Stays Bullish on Nvidia Stock (NVDA), Calls it the ‘de facto AI Infrastructure Company’ TipRanks Nvidia Stock Rises. …
Read More »
The Trump administration has canceled half of a billion dollars in funding for climate-related projects in Colorado. The Department of Energy says the projects don’t advance the nation’s energy needs and aren’t economically viable. But Democrats say the move is politically motivated as Congress remains deadlocked over federal funding and the government remains shut down. In all, DOE eliminated $7.6 …
Read More »
Tesla Stock Slipped Despite Record Q3 Deliveries: Can The Company Make It Big With AI? Barchart.com Tesla had blowout quarter for sales of new cars. Why the EV stock fell sharply anyway CNBC Tesla reports blowout Q3 deliveries as buyers plow in before federal tax credit expires Yahoo Finance Why are buyers returning to Tesla? Los Angeles Times Tesla news: Q3 deliveries, Cybertruck lawsuit, …
Read More »MINNEAPOLIS (AP) — Minnesota regulators voted unanimously Friday to approve an investment group’s takeover of a power company over the objections of the state attorney general, big industrial electricity buyers and consumer advocates. In voting for the takeover of Duluth-based Minnesota, the five members of the Minnesota Public Utilities Commission said they believe the conditions imposed on the deal will …
Read More »DES MOINES, Iowa (AP) — Iowa’s largest school district said it filed a lawsuit Friday against the consulting company it hired to identify superintendent candidates, alleging the company did not properly vet Ian Roberts, who was arrested by immigration authorities last week. Des Moines Public Schools hired JG Consulting in 2022 to facilitate the leadership search, which led to Roberts’ …
Read More »