Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield on the 10-year Treasury note has been lower than most …
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Business
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Renewable energy demand will triple over the next seven years as data center growth accelerates to facilitate the proliferation of artificial intelligence, NextEra Energy CEO John Ketchum said Wednesday. NextEra added 3,000 megawatts of renewable and storage …
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Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose after the closing bell. As …
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U.S. stocks had their worst day since 2022 on Wednesday amid a broad pullback in tech companies as Wall Street traders sought to reduce their exposure to firms that have made big bets on artificial …
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Business
CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett
by adminAt Berkshire Hathaway’s annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in fact, it advised insurance agents …
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The National Basketball Association has rebuffed longtime media partner Warner Bros. Discovery’s bid to keep airing games after next season. The NBA told the media company it doesn’t believe it holds legal matching rights for the …
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Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services …
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Business
A Silicon Valley exec had $400K stolen by cybercriminals while buying a home. Here’s her warning.
by adminAfter a yearlong search, Rana Robillard was elated to learn she’d beaten three other bidders for a house in the leafy California suburb of Orinda, just outside of San Francisco. So when Robillard, who works at a …
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Business
Americans are flocking to Texas: 9 of the 10 fastest-growing U.S. cities are there
by adminThey say everything’s bigger in Texas. And between 2020 and 2023, that seems to have been true of population growth. Nine of the 10 U.S. cities and towns where populations grew at the fastest clip during …
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Many of America’s largest labor unions have now announced their endorsements of Kamala Harris’ presidential bid, as the vice president intensifies her campaign for the Democratic nomination. Yet some notable union holdouts remain, suggesting Harris …