Amazon’s largest AI data center has seven completed buildings, with 30 total buildings planned on 1,200 acres in New Carlisle, Indiana, shown here on October 8, 2025.Erin BlackNEW CARLISLE, Indiana — A year ago, it was farmland. Now, the 1,200-acre site near Lake Michigan is home to one of the largest operational AI data centers in the world. It’s called Project Rainier, and it’s the spot where Amazon is training frontier artificial intelligence models entirely on its own chips.Amazon and its competitors have pledged more than $1 trillion towards AI data center projects that are so ambitious, skeptics wonder if…
Author: usaeverydaylife
Norges BankKristian Helgesen/Bloomberg | Bloomberg | Getty ImagesNorway’s $2 trillion sovereign wealth fund — the largest of its kind in the world — on Wednesday reported a 5.8% return during the third quarter, powered by strong stock market gains across basic materials, telecommunications and financial services.Norges Bank Investment Management (NBIM) manages the fund on behalf of the Norwegian population. Set up in the 1990s to invest excess revenues from Norway’s oil and gas industry, the enormous fund currently invests in assets across 70 countries.At the end of September, the Government Pension Fund Global had a value of 20.4 trillion Norwegian kroner ($2…
A Boeing 737 MAX aircraft is assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. Jennifer Buchanan | AFP | Getty ImagesBoeing is expected to report a more than 20% jump in revenue and a narrower loss from last year in its third-quarter results as the aerospace giant makes recovery strides after years marred by safety crises.Boeing is on track to deliver the most aircraft this year since 2018, before two crashes grounded its best-selling jetliner, the Covid pandemic hit supply chains and a host of manufacturing crises drove years of losses at the top U.S. exporter.Here’s…
Fruitist, the healthy snacking company known for its jumbo blueberries, has raised $150 million in an equity funding round led by new investor J.P. Morgan Asset Management, with billionaire Ray Dalio’s family office doubling down on its existing investment in the farming startup. The company, valued at over $1 billion, is growing distribution rapidly in a snacking market estimated to be as large as $600 billion to $800 billion and in which consumers are spending more dollars on premium-priced, healthier options.Fruitist has now raised a total of $443 million in equity capital from investors, and says the new capital will…
Traders work, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 17, 2025.Brendan McDermid | ReutersLONDON — European stocks edged higher on Wednesday, with some stocks particularly buoyed by earnings, as investors awaited the conclusion of the U.S. Federal Reserve’s meeting.The pan-European Stoxx 600 was 0.2% higher at 10:21 a.m. in London (6:21 a.m. ET), with major indexes and sectors mixed.The U.K.’s FTSE 100 index made gains of almost 0.5%, Germany’s DAX dipped around…
Residents ride motorcycles through flooded areas before Hurricane Melissa hits the city of Santiago de Cuba, Cuba on Oct. 28, 2025.Yamil Lage | AFP | Getty ImagesHurricane Melissa made landfall in eastern Cuba near the city of Chivirico early Wednesday as a Category 3 storm after pummeling Jamaica as one of the strongest Atlantic hurricanes on record, the U.S. National Hurricane Center said.Hundreds of thousands of people had been evacuated to shelters in Cuba. A hurricane warning was in effect for the provinces of Granma, Santiago de Cuba, Guantanamo, Holguin and Las Tunas.Early Wednesday, Melissa had sustained top winds of…
The Nvidia logo is displayed on a building at Nvidia headquarters on August 27, 2025 in Santa Clara, California. Chip maker Nvidia will report second-quarter earnings today after the closing bell.Justin Sullivan | Getty Images News | Getty ImagesShares of Nvidia rose more than 3% in premarket trade on Wednesday, putting the tech giant on track to become the first company to cross the $5 trillion market value threshold.The extraordinary milestone would reflect a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom.Shares of Nvidia were…
Nvidia CEO Jensen Huang delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., on April 30, 2025.Leah Millis | ReutersNvidia CEO Jensen Huang is headed to South Korea, one of the company’s most important markets, ahead of meeting there between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.For Huang, it’s expected to be a trip that mixes business and politics with a meeting with Trump on the cards as well as execs from South Korea’s biggest firms such as Samsung and SK Group.Market watchers will also be looking out for…
OpenAI CEO Sam Altman (L) shakes hands with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at the Seattle Convention Center Summit Building in Seattle, Washington, U.S., on May 21, 2024. Jason Redmond | Afp | Getty Images Investors can’t get enough of artificial intelligence, despite worries over the sector’s excessively high valuations.The S&P 500, Dow Jones Industrial Average and Nasdaq Composite rose Tuesday stateside, with all three notching new intraday highs. The major averages were juiced by gains in tech. Nvidia popped nearly 5%, while Microsoft climbed roughly 2%.Both Apple…
This article was paid for by SBG FundingYou’re prepping your business for the holiday season, but there’s one big problem: You’re short on inventory.It’s a catch-22: You need to make sales to pay for additional stock, but you need more stock to make any sales.Fortunately, this is a dilemma with several solutions.SBG FundingTypes of loansSmall business term loans, business lines of credit, equipment financing, invoice financing, SBA 7(a), HELOCBetter Business Bureau ratingLoan amountsTermsMinimum credit score neededMinimum requirementsTo qualify for funding, you must have a minimum of 6 months in business, a FICO score exceeding 600 and annual revenue of at least…
