In today’s digital era, data centers have become a crucial component of the infrastructure that supports the Internet and various technological advancements. However, as data centers continue to expand and require increasing amounts of power, the search for clean and sustainable energy sources has become more imperative. Tech companies are now looking to connect data
Former President Donald Trump has reiterated his plan to eliminate taxes on Social Security benefits for seniors, a move that has sparked controversy among policy experts. While Trump claims this measure will benefit retirees, critics argue that it could have negative consequences for Social Security and Medicare trust funds. Policy experts warn that Trump’s plan
The recent announcement by automaker Stellantis to indefinitely lay off up to 2,450 U.S. factory workers has raised concerns among local governments, workers, and the United Auto Workers union. The decision comes as Stellantis discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This move will have a significant impact
Sick of dealing with pickleballs that lacked consistency in bounce and durability, Bahram Akradi, the founder and CEO of Life Time, decided to take matters into his own hands. On a mission to revolutionize the game, Life Time recently unveiled what they describe as “the ultimate pickleball.” This innovative approach aims to solve a longstanding
In recent weeks, JPMorgan Chase has made a significant move by introducing a generative artificial intelligence assistant, known as LLM Suite, to tens of thousands of its employees. This initiative marks the initial phase of a broader plan to integrate AI technology throughout the financial institution. With the goal of enhancing efficiency and productivity, the
A hazardous goods container exploded on Friday at the bustling Ningbo port in China, causing panic and chaos among authorities and ship owners. The Taiwanese vessel owner, Yang Ming Marine Transport Corp., disclosed the incident to CNBC stating that the explosion occurred on the YM Mobility ship, resulting in a fire that has since been
Wealthy investors and family offices have been gradually moving away from stocks in favor of private markets in recent years. This shift has been prompted by concerns about an overheated tech sector and the desire for a more stable investment environment. According to a UBS family office survey, family offices now have 35% of their
Stocks @ Night is a daily newsletter that provides a snapshot of the market after hours, shedding light on what to expect the next trading session. The newsletter covers a range of stocks and companies, highlighting their performance and any significant news or developments that may impact their value. In the latest issue of Stocks
E.l.f. Beauty, a major cosmetics retailer, once again impressed investors by surpassing quarterly estimates with a remarkable 50% surge in sales. The company’s revenue reached $324.5 million in its fiscal first quarter, leading to an upward revision of its full-year guidance. This exceptional growth follows a staggering 76% increase in the same quarter the previous
Delta Air Lines disclosed that the CrowdStrike outage, which resulted in mass flight cancellations, caused the company a staggering $550 million in losses. The financial impact includes a $380 million revenue hit in the current quarter due to refunding customers for cancelled flights and providing compensation in the form of cash and SkyMiles. Additionally, the