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Economy

Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

May 3, 2025

Data center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday. Dominion provides electricity in Loudoun County, nicknamed “Data Center Alley” because it hosts the largest cluster of data centers in the world. The utility works closely with the Big Tech companies that are investing tens of […]

Economy

Tesla denies report it’s looking to replace Elon Musk

May 3, 2025

Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk. The report, citing comments from sources familiar with the discussions, said that Tesla’s board members reached out to several executive search firms to work on a […]

Economy

Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

May 3, 2025

Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday. Bezos, who stepped down as CEO in 2021 but remains Amazon’s top shareholder, is selling the shares as part of a trading plan adopted on March 4, the filing states. The stake would […]

Economy

Netflix stock is trading at all-time high levels in unprecedented win streak

May 3, 2025

Netflix is on a winning streak. The streaming giant’s stock has traded for 11 straight days without a decline, the company’s longest positive run ever. Its previous record was a nine-day stretch in late 2018 and early 2019 when the stock traded up for four days, was unchanged for a day and then traded positively for […]

Economy

Consumers are not lovin’ it: McDonald’s has its worst quarter since 2020

May 2, 2025

McDonald’s reported its worst quarterly sales for the United States since the height of the pandemic in 2020, the latest restaurant chain to be affected by America’s turbulent economic environment. The burger giant reported U.S. same-store sales fell 3.6%, the largest three-month drop since Q2 2020, when they plunged 8.7%. Forecasts had been for a […]

Economy

Tesla denies report that the EV maker is looking to replace Elon Musk

May 2, 2025

Economy

Amazon is stepping up to fill a gap in Hollywood’s movie slate

May 2, 2025

Tech is saving Hollywood — though not in the way you might think. Back in 2022, e-commerce giant and relative upstart movie studio Amazon promised to spend around $1 billion each year on theatrical releases, a figure that would fund between 12 and 15 films annually. Today, it appears ready to deliver. Earlier this month, the company, which […]

Economy

Nvidia says Anthropic is telling ‘tall tale’ in its defense of U.S. AI chip restrictions on China

May 2, 2025

Nvidia blasted Anthropic Thursday in a rare public clash over artificial intelligence policy with U.S. chip export restrictions set to take effect. “American firms should focus on innovation and rise to the challenge, rather than tell tall tales that large, heavy, and sensitive electronics are somehow smuggled in ‘baby bumps’ or ‘alongside live lobsters,’ ” a spokesperson for Nvidia said. Anthropic, the […]

Economy

Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

May 1, 2025

Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.” Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap. “We […]

Economy

Trump-Bezos call sets stage for tense earnings report from Amazon

May 1, 2025

President Donald Trump used to refer to Jeff Bezos as “Jeff Bozo.” Now, after more drama between the two men, Trump is calling the Amazon founder a “good guy.” Amazon’s earnings report, scheduled for Thursday, already had investors on edge due to the president’s sweeping tariffs and the potential impact they’ll have across the tech giant’s numerous businesses. With its […]

Economy

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

April 30, 2025

Pfizer CEO Albert Bourla on Tuesday said uncertainty around President Donald Trump’s planned pharmaceutical tariffs is deterring the company from further investing in U.S. manufacturing and research and development. Bourla’s remarks on the company’s first-quarter earnings call came in response to a question about what Pfizer wants to see from tariff negotiations that would push the company to increase investments […]

Economy

JetBlue to partner with another U.S. airline in the coming weeks

April 30, 2025

JetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s president said Tuesday. One possibility: United Airlines. JetBlue’s leaders have repeatedly said they need a partnership to better compete against larger airlines like Delta Air Lines and United. JetBlue’s planned acquisition of Spirit Airlines was blocked by the […]

Economy

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

April 29, 2025

“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing. Pelley made his comments at the end of the evening’s CBS News telecast, saying that in quitting, Owens […]

Economy

IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

April 29, 2025

International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we […]

Economy

Amazon and Nvidia say AI data center demand is not slowing down

April 25, 2025

OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans. “There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said […]

Browse category by Economy

Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

Tesla denies report it’s looking to replace Elon Musk

Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

Netflix stock is trading at all-time high levels in unprecedented win streak

Consumers are not lovin’ it: McDonald’s has its worst quarter since 2020

Tesla denies report that the EV maker is looking to replace Elon Musk

Amazon is stepping up to fill a gap in Hollywood’s movie slate

Nvidia says Anthropic is telling ‘tall tale’ in its defense of U.S. AI chip restrictions on China

Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

Trump-Bezos call sets stage for tense earnings report from Amazon

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D

JetBlue to partner with another U.S. airline in the coming weeks

On air, ’60 Minutes’ reporter says ‘none of us is happy’ about changes that led top producer to quit

IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

Amazon and Nvidia say AI data center demand is not slowing down

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