Sep 23, 2024 | Markets
US needs to build data centers near power plants, CEO says Customers are asking about ‘multi-gigawatt’ data centers To meet the surging demand for electricity to run artificial intelligence, the US should emulate China, according to the head of the power company that...
Sep 23, 2024 | Markets
Elliott Hill was brought in as a stabilizing force but returning executives often bring headwinds Elliott Hill, the newly named chief executive officer of Nike Inc., came out of retirement last week to help the beleaguered brand regain its footing. He previously spent...
Sep 23, 2024 | Markets
Li-Chen Miller is helping lead the social network’s push toward Zuckerberg’s augmented reality ambitions Li-Chen Miller wasn’t even a Meta Platforms Inc. employee when she started working to fix the company’s video-recording sunglasses. Miller was working at Microsoft...
Sep 20, 2024 | Markets
Stock, bond valuations above start of 14 past easing cycles Asset bets on soft landing seen vulnerable to negative news For Wall Street traders whose taste for speculation only seems to get bolder by the week, Jerome Powell’s half-point rate cut was a moment of...
Sep 20, 2024 | Markets
Strategist maintains contrarian call, says S&P could drop 13% Peak in growth, value trends ‘presage’ bear market, he warns Bulls are charging around in stock-market forecasts, but to Stifel, Nicolaus & Co.’s Barry Bannister, this rally looks like a 1990s...
Sep 20, 2024 | Markets
Youth unemployment rate climbs for two months in a row Figure is more than three times the overall jobless rate China’s youth unemployment rate rose for the second straight month to its highest level this year as the labor market faces a challenging outlook due to a...
