In this aerial view, the shuttered Three Mile Island nuclear power plant stands in the middle of the Susquehanna River near Middletown, Pennsylvania, on Oct. 10, 2024.Chip Somodevilla | Getty ImagesNuclear power may be making a comeback in the U.S. after years of setbacks — and big tech is the driving force.As tech giants like Microsoft, Amazon and Google compete to take the lead in the AI revolution, the data centers needed to power the burgeoning technology consume an ever-increasing amount of energy.In the last two months, those three companies have penned deals to generate more nuclear power — perhaps…
Author: usaeverydaylife
Chinese smartphone company Honor on Wednesday revealed new AI features. Pictured here is CEO George Zhao speaking in Shanghai on June 26, 2024.Nurphoto | Nurphoto | Getty ImagesHonor, a spinoff from Huawei that focuses on higher-end devices, revealed Wednesday the latest version of its Android-based Magic operating system would focus on AI as an assistant.A company demo showed how even with a vague voice command — such as “I’m tired, order something” — the phone was able to automatically order coffee without requiring the user to touch the device. It used AI to mimic actions on a touchscreen. Human intervention…
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.David A. Grogen | CNBCWarren Buffett is worried about a rise in impersonators looking to capitalize on his name by purporting to be him recommending an investment product or political candidate on social media. So much so that Berkshire Hathaway made the rare move of adding a statement on the matter to the front page of its website.The statement reads:”In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products…
Workers picket outside the Boeing Co. manufacturing facility during a strike in Renton, Washington, US, on Thursday, Oct. 3, 2024. David Ryder | Bloomberg | Getty ImagesBoeing’s new CEO Kelly Ortberg will have a chance to lay out his vision for the troubled manufacturer in his first quarterly call with analysts on Wednesday. At the same time, thousands of striking machinists will vote on a new labor deal.Boeing released preliminary third-quarter results earlier this month, showing revenue of $17.8 billion, which would be down less than 2% from a year earlier, as well as a loss of $9.97 a share and a…
The Stripe logo on a smartphone with U.S. dollar banknotes in the background.Budrul Chukrut | SOPA Images | LightRocket via Getty ImagesIn March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies.The company was Bridge Network. As part of his pitch, Ahn flew to a small town in northern Montana with a term sheet in hand for founders Zach Abrams and Sean Yu, who had both previously worked at Coinbase and Block.”Nobody else had flown out to see them in person,”…
Trond Grande, deputy chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024.Bloomberg | Bloomberg | Getty ImagesNorges Bank Investment Management (NBIM), one of the world’s largest investors, said heightened uncertainty and concerns over the economic outlook mean that stock market risks are tilted to the downside.NBIM, which manages Norway’s $1.8 trillion sovereign wealth fund, said that it was important to be clear-sighted about concerns down the road, even as it stands by its position of not making large asset allocation shifts on a short-term basis.”We [started] with 70% in…
Vintage Coca-Cola bottles are seen in a shop window in Manhattan, New York City, on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesCoca-Cola on Wednesday posted third-quarter earnings and revenue that topped expectations.Here is how the company performed compared with estimates from Wall Street analysts surveyed by LSEG:Earnings per share: 77 cents adjusted vs. 74 cents expectedRevenue: $11.95 billion vs. $11.60 billion expectedIn recent quarters, Coke has been besting rival PepsiCo, which has been hurt by the fallout from the Quaker foods recalls, a slowdown in snacking and lagging energy drink sales.Coke has reported strong demand in its international…
It’s time to move to the sidelines on shares of McDonald’s as the company grapples with an E. coli outbreak tied to some of its U.S. restaurants, Baird said. Analyst David Tarantino downgraded shares to neutral from outperform, saying that the food safety issue linked to its Quarter Pounder burgers could weigh on short-term sentiment and impact comparable store sales. The stock shed 6% before the bell. “While we are confident MCD ultimately can effectively manage through the E. coli issue successfully, the elevated risk related to the near-term demand outlook for the U.S. gives us some pause at the…
The tide may finally begin to turn for shares of Snap , according to JMP Securities. Analyst Andrew Boone upgraded the Snapchat parent company to market outperform from market perform, citing the app’s planned redesign. The overhaul, which includes artificial intelligence tools , was unveiled last month. “With Snap set to roll out Simple Snapchat and launch Sponsored Snaps, we see an inflection in impression growth as we believe the company can grow U.S. and North American engagement and drive greater ad load with its new ad products,” he wrote. SNAP YTD mountain Shares in 2024 Snap shares have struggled…
German company Lilium produces flying electric passenger drones.LiliumGerman aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.Insolvency would mark a dramatic fall for a startup once touted as Europe’s best chance at building the 21st-century equivalent of “cars” that can fly.Lilium is one of a series of firms trying to build “eVTOLs,” or electric vertical take-off and landing, vehicles.Popularly known as flying cars or air taxis, these vehicles are being developed by startups in the United States, Europe and Asia.Today, however, Lilium is in trouble. The company is…
