Business
Big Tech wants AI data centers now. The reality: Clean energy infrastructure can take a half-decade or more to build
Big Tech’s race to power AI data centers has hit a bottleneck: Clean energy infrastructure moves at a snail’s pace ...
David Bonderman hailed by everyone from Goldman Sachs CEO to NHL players as PE pioneer passes away at 82
Seattle Kraken is currently led by Samantha Holloway, Bonderman’s daughter. Read More
The Walton family is the world’s richest as soaring Walmart shares drive the heirs’ net worth to $432 billion
Walmart’s stock price rose 80%, driving gains in the Walton dynasty’s net worth. Read More
BuzzFeed sells brand behind ‘Hot Ones’ to Soros fund affiliate for $82.5 million
The buyers include an affiliate of Soros Fund Management, progressive podcast company Crooked Media and Mythical Entertainment. Read More
Mortgage rates are going down, but U.S. home sales are still on track for the worst year since 1995
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row. Read More
Google’s search chief makes a case for optimism as AI challengers take aim
Liz Reid, Google’s vice president of search, talked down fears that her company is threatened by the rise of artificial ...
Meta donates $1 million to Donald Trump’s inaugural fund
While small, the donation is not something Meta did for President Joe Biden or Trump’s 2016 inauguration. Read More
Klarna stopped all hiring a year ago to replace workers with AI
The buy now, pay later finance provider has seen headcount fall 22% to 3,500, mostly due to attrition. Read More
Executives are working to acclimate educators and healthcare providers to AI
Executives in education and healthcare discuss the adoption of generative AI in their respective fields during a panel at Fortune’s ...
Vancouver just voted to become a Bitcoin-friendly city but Microsoft’s shareholders want no part of it
The vote is a part of a growing movement of governments and companies to invest in Bitcoin as a hedge ...
Trump advisers consider raising SALT write-off limit to $20,000
No decision has been made about whether to propose to apply the $20,000 limit to all taxpayers, or to just ...
More stocks that are adopting MicroStrategy’s bitcoin yield strategy
More and more bitcoin miners are starting to undertake a strategy harnessed by MicroStrategy, according to JPMorgan.
Someone just bought Mark Zuckerberg’s gold-plated necklace at auction for roughly 100 times its market value
The auction house listed it as “one of the gold chains he wore during the early days of experimenting with ...
UnitedHealth Group CEO says slain exec Brian Thompson was ‘one of the good guys’ in leaked memo to 400,000 employees
“Brian was one of the good guys. He was certainly one of the smartest guys,” Witty wrote. “I’m going to ...
ServiceTitan pops to $101 in cloud software vendor’s Nasdaq debut after selling shares at $71
In the first notable venture-backed tech IPO since April, ServiceTitan shares jumped after the cloud software company raised about $625 ...
Stocks making the biggest moves midday: ServiceTitan, Adobe, Warner Bros. Discovery and more
These are the stocks posting the largest moves in midday trading.
Apple went public 44 years ago—what your $10,000 investment would be worth today
Apple has become the largest company in the world, becoming the world’s first firm to reach a $3 trillion valuation ...
Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
Warner Bros. announced a restructuring plan to segment its business into linear and streaming units in a move that could ...
Shark Tank judge Daymond John reveals a 3 step approach for building wealth that anyone can follow
Lucky breaks or keen investments are nothing without strategy and long-term vision. Read More
Trump antitrust appointments to unleash M&A ‘animal spirits’, says Morgan Stanley
The incoming Trump administration should bring improved “corporate clarity” for dealmaking, according to a Morgan Stanley analyst.
CNBC is reportedly planning a streaming service
Stand-alone service is set to launch in the first quarter of 2025. Read More
How I sent Buzz Lightyear to space—and what it taught me about innovation
Getting a Pixar toy up to the International Space Station took bravery and creativity, says Disney alum Duncan Wardle. Read ...
Your next Marriott hotel room might be a cabin in the woods
The world’s largest hotel company is adding tiny cabins and nature retreats, on the heels of similar moves by Hyatt ...
HSBC reviews retail banking outside UK and Hong Kong
Bank could scale back in countries including Mexico as it seeks further cost cuts
Trump says the U.S. is going to do ‘something great with crypto’
President-elect Donald Trump spoke with CNBC’s Jim Cramer at the New York Stock Exchange Thursday.
Frontier Airlines offers all-you-can-fly annual pass for 2025-26 for $299
For the die-hard frequent flyers. Read More
Here are the 5 new additions to ‘Dogs of the Dow’ as 2025 approaches
Investors on the hunt for a steady income payout and capital appreciation can consider the popular “Dogs of the Dow” ...
IMF faces internal attack over flaws in biggest bailouts
Internal watchdog says fund needs to tackle claims that large loans reflect political pressures
FAA head Michael Whitaker to step down before Trump takes office
The head of the FAA, Mike Whitaker, will step down Jan. 20, leaving the key agency that oversees Boeing and ...
Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on
President-elect Donald Trump rang the opening bell at the New York Stock Exchange.
