The power stocks most exposed to artificial intelligence sold off steeply Monday, as some investors fear that models developed in China could prove more energy efficient, potentially undermining the thesis that electricity demand in the U.S. will surge as the tech sector builds out data centers. But the sell-off does not take into account the broader context of power demand growth in the U.S., said Shahriar Pourreza, senior managing director of power and utilities at Guggenheim Securities. “What we’re telling people is it’s a little too early. It’s a bit of a knee-jerk reaction,” Pourreza told CNBC on Monday. Investors…
Author: usaeverydaylife
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024.Michael M. Santiago | Getty ImagesStock futures were slightly lower on Tuesday evening as investors turned toward the first Federal Reserve interest rate decision of 2025.Futures tied to the Dow Jones Industrial Average inched down 28 points, or 0.06%. Nasdaq 100 futures slipped 0.2%, while S&P 500 futures declined nearly 0.2%.During regular trading Tuesday, tech stocks led the S&P 500 higher and brought the Nasdaq Composite to a 2% gain. The two indexes made a comeback after incurring sharp losses on Monday in…
A woman walks down the stairs in front of the U.S. Capitol building, ahead of the presidential inauguration of Donald Trump, in Washington on Jan. 15, 2025.Marko Djurica | ReutersThe Trump administration is offering millions of federal workers the option to accept buyouts through a government-wide “deferred resignation” program if they resign by Feb. 6.Those who accept the offer will receive pay and benefits through Sept. 30, according to a draft email obtained Tuesday by NBC News.The sweeping buyouts are being offered to “make sure that all federal workers are on board with the new administration’s plan to have federal…
American chef and content creator Chad Kubanoff moved to Vietnam a decade ago, with the intention of leaving within a year. Instead, he fell in love with the food, culture and people — and has made Ho Chi Minh City’s District 7 his home. Kubanoff revealed some of his favorite places to eat in the neighborhood.American chef and content creator Chad Kubanoff moved to Vietnam a decade ago, with the intention of leaving within a year.Instead, Kubanoff fell in love with the food, culture and people — and has made Ho Chi Minh City his home.Vietnam’s largest metropolis is divided into 16…
Samuel Boivin | Nurphoto | Getty ImagesThe U.S. Navy has instructed its members to avoid using artificial intelligence technology from China’s DeepSeek, CNBC has learned.In a warning issued by email to “shipmates” on Friday, the Navy said DeepSeek’s AI was not to be used “in any capacity” due to “potential security and ethical concerns associated with the model’s origin and usage.”A spokesperson for the U.S. Navy confirmed the authenticity of the email and said it was in reference to the Department of the Navy’s Chief Information Officer’s generative AI policy.The announcement followed DeepSeek’s release of its powerful new reasoning AI…
Will Ohio State repeat? Can Arch Manning lead Texas back to championship glory? Which teams will re-enter the College Football Playoff conversation after missing the bracket in 2024?We’re already thinking ahead to all the possibilities of the 2025 college football season. After Stewart Mandel published his initial Top 25 last Tuesday, led by Penn State at No. 1, we’re back with a survey of 31 college football writers and editors at The Athletic for their early national championship, Heisman Trophy, conference title and Playoff picks — plus some bold predictions.Who will win the national championship?Nine teams received at least one…
A top Russian delegation arrived in Damascus on Tuesday for the first time since the collapse of Bashar al-Assad’s government last month, as Russia looks to negotiate the future of its military bases in Syria with the country’s new leadership.Among the diplomats to arrive in the Syrian capital on Tuesday were Russia’s deputy foreign minister, Mikhail Bogdanov, who oversees Middle Eastern affairs, and the special presidential envoy to Syria, Aleksandr Lavrentiev, the Russian state news agency TASS reported.The Syrian rebels who toppled Mr. al-Assad last month fought for years against government forces backed by Russia, but their interim leader has…
US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he wants lower interest rates.If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least not yet, as officials weigh multiple variables that could make policymaking difficult this year and are likely to keep the…
There’s more gains ahead for shares of Nvidia despite the emergence of AI startup DeepSeek, according to Jay Woods, chief global strategist of Freedom Capital Markets. Woods joined CNBC’s ” Power Lunch ” on Tuesday to share his take on the AI chipmaker. Here’s what he had to say during the segment’s “Three-Stock Lunch.” Nvidia Nvidia shares plunged 17% on Monday after Chinese startup DeepSeek raised concerns over the amount of money big tech has been investing in AI models and data centers. The stock shed $600 billion in market capitalization, marking the biggest one-day loss for a U.S. company.…
