Canada Considers $15 Billion Green AI Data Center Incentive
Canada's federal government is considering a $15 billion incentive to encourage domestic pension funds to invest in green energy-powered AI data centers, amid global constraints on...
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Texas Investigates Tech Platforms for Minor Safety and Privacy Concerns
Texas Attorney General Ken Paxton announced investigations into tech platforms' privacy and safety practices for minors, including Character.AI and others. The probes focus on comp...
Costco Reports Impressive 7.5% Q1 Sales Growth to $60.99 Billion
Costco reports a 7.5% increase in Q1 net sales to $60.99 billion, with total revenue of $62.1 billion and EPS of $4.04, surpassing expectations and driving stock growth.
Broadcom Achieves Record Revenue in Q4 2024, Driven by AI and Semiconductor Growth
Broadcom Inc. reported a 51% increase in Q4 2024 revenue to $14 billion, driven by AI and semiconductor growth. Net income rose 23% to $4.3 billion, and diluted earnings per share ...
Broadcom Anticipates Strong Q1 Revenue Surge Driven by AI Chip Demand
Broadcom forecasts Q1 revenue above estimates, driven by strong demand for AI chips and networking gear. Shares rose 3% in extended trading, reflecting a year-to-date gain of 60%. ...
ECB Rate Cut Sends Global Stocks Lower, Gold and Oil Prices Drop
Global stocks fell and major Wall Street indexes dropped after the ECB cut interest rates. European stocks and the Swiss franc also reacted negatively. Meanwhile, the US PPI surged...
Could Trump's Policies Mark the Beginning of the End for the US Dollar's Global Dominance?
Donald Trump's 'America First' policies and threats of tariffs could potentially disrupt global trade and hasten the end of the US dollar's dominance, which has been central to int...
Bobby Kotick Continues to Eye TikTok Acquisition Amid Regulatory Challenges
Former Activision Blizzard CEO Bobby Kotick is reportedly still considering the acquisition of TikTok, planning to hold off until after Donald Trump's expected return to office. By...
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