Asian equity-index futures rose alongside US stocks as robust corporate earnings firmed sentiment, while the dollar extended its slump ahead of the Federal Reserve’s January policy meeting. Contracts for benchmarks in Australia and Hong Kong advanced, while those for Japan retreated as a stronger yen — typically a headwind for the country’s equities — strengthened. The Japanese currency touched it...
Asian equity-index futures rose alongside US stocks as robust corporate earnings firmed sentiment, while the dollar extended its slump ahead of the Federal Reserve’s January policy meeting. Contracts for benchmarks in Australia and Hong Kong advanced, while those for Japan retreated as a stronger yen — typically a headwind for the country’s equities — strengthened. The Japanese currency touched its strongest level against the greenback since October in Tuesday’s session to trade around 152 per dollar. A gauge of the dollar slid to its lowest since February 2022 as signs of US support to boost the yen reinforced the argument about potential coordinated intervention to guide the greenback lower against key trading partners. The decline accelerated after President Donald Trump said he was not concerned about the weakening. US stocks edged higher with mega-cap tech outperforming. The S&P 500 rose 0.4% to a new closing high Tuesday. The Nasdaq 100 and Magnificent Seven both rose 0.9% as investors prepare for a wave of tech earnings later this week. UnitedHealth Group Inc. led losses in insurers on a disappointing forecast and as the US proposed holding payments to private Medicare plans flat next year. The moves underscored broad optimism for stocks despite pockets of uncertainty from tech earnings forecasts, geopolitical tensions and the path ahead of interest rates. “We expect tech earnings to be strong,” said Ulrike Hoffmann-Burchardi at UBS Global Wealth Management. “But we also expect earnings growth to broaden across sectors, with cyclical areas of the economy poised to benefit from supportive fiscal and monetary policies.” Gold and silver jumped. The US 10-year yield rose three basis points ahead of the Fed’s meeting. The central bank is projected to halt its rate-cutting cycle as a steadier jobs market restores a degree of consensus among officials after months of growing division. Trump’s dollar comments added to an earlier slide in the greenback, which reflecte...
Djuro Kovacevic/iStock via Getty Images Gold is finally having its day in the sun, and human nature remains unchanged even in the face of all the information we have available today. The issue that I am referring to is how most people still think about the precious metal and the potential problem that this could create for their future portfolio returns. For the past 5-year period, the most popula...
Djuro Kovacevic/iStock via Getty Images Gold is finally having its day in the sun, and human nature remains unchanged even in the face of all the information we have available today. The issue that I am referring to is how most people still think about the precious metal and the potential problem that this could create for their future portfolio returns. For the past 5-year period, the most popular gold ETF - the SPDR® Gold Shares ETF ( GLD )-has skyrocketed by almost 168%, while the S&P 500 delivered less than half of that. Gold's performance also seems to be experiencing something of a melt-up phase, with most market participants now catching up with the reality that has been with us for many years, and as usual, this is causing some hype around the yellow metal. Data by YCharts By simply observing this performance in the light of nosebleeding equity valuations, one should feel unease as opposed to ecstatic. Gold as an asset class is your bread-and-butter risk-off asset, while equities are usually near the other end of the spectrum. Especially high beta technology stocks, which have gone up in the stratosphere as of late. People often think about all-asset bubbles and currency debasement when trying to make sense of this phenomenon, and that is true, but we should not forget that, as opposed to equity valuations, which are linked to actual business fundamentals, gold does not have a reference value. That is why investors should abstain from putting an exact number on where either gold or the GLD should trade. Another consequence is that the sentiment plays a much bigger role for the price of gold, and as it happens, retail investors might be losing their minds over the sudden need to buy gold. Google Trends As someone who has been bullish on gold for many years and someone who still holds gold as a counterweight to his equity portfolio, this trend worries me even as long-term fundamentals for the precious metal remain supportive. That is why for anyone who is now ...
Bitter cold grips the eastern U.S. as storm deaths rise and power outages linger toggle caption Charles Krupa/AP Three Texas siblings who perished in an icy pond were among several dozen deaths in U.S. states gripped by frigid cold Tuesday as crews scrambled to repair hundreds of thousands of power outages in the shivering South and forecasters warned the winter weather is expected to get worse. B...
Bitter cold grips the eastern U.S. as storm deaths rise and power outages linger toggle caption Charles Krupa/AP Three Texas siblings who perished in an icy pond were among several dozen deaths in U.S. states gripped by frigid cold Tuesday as crews scrambled to repair hundreds of thousands of power outages in the shivering South and forecasters warned the winter weather is expected to get worse. Brutal cold lingered in the wake of a massive storm that dumped deep snow across more than 1,300 miles from Arkansas to New England and left parts of the South coated in treacherous ice. Freezing temperatures hovered Tuesday as far south as Tennessee, Arkansas and North Carolina, and were forecast to plunge again overnight. Parts of northern Florida were expected to sink to 25 F (minus 3.9 C) late Tuesday into early Wednesday. The arctic misery over the eastern half of the U.S. was expected to worsen Friday and Saturday. The National Weather Service said another winter storm could hit parts of the East Coast this weekend, and more record lows were forecast as far south as Florida. Sponsor Message "This could be the coldest temperature seen in several years for some places and the longest duration of cold in several decades," the agency's Weather Prediction Center warned Tuesday. Officials in states afflicted with severe cold reported at least 42 deaths. toggle caption Julio Cortez/AP Three brothers ages 6, 8 and 9 died Monday after falling through ice on a private pond near Bonham, Texas, Fannin County Sheriff Cody Shook said in a news release Tuesday. The two older boys were pulled from the water by emergency responders and a neighbor, then taken to a hospital. The youngest was found after an extensive search of the pond. Bonham Independent School District said it was devastated by the loss. More than 480,000 homes and businesses remained without power, with over half the outages in Tennessee and Mississippi. Reconnecting some hard-hit areas could take days. Electric utilit...
There are reports that a legitimate Microsoft email address—which Microsoft explicitly says customers should add to their allow list—is delivering scam spam. The emails originate from no-reply-powerbi@microsoft.com, an address tied to Power BI . The Microsoft platform provides analytics and business intelligence from various sources that can be integrated into a single dashboard. Microsoft documen...
There are reports that a legitimate Microsoft email address—which Microsoft explicitly says customers should add to their allow list—is delivering scam spam. The emails originate from no-reply-powerbi@microsoft.com, an address tied to Power BI . The Microsoft platform provides analytics and business intelligence from various sources that can be integrated into a single dashboard. Microsoft documentation says that the address is used to send subscription emails to mail-enabled security groups . To prevent spam filters from blocking the address, the company advises users to add it to allow lists. From Microsoft, with malice According to an Ars reader, the address on Tuesday sent her an email claiming (falsely) that a $399 charge had been made to her. It provided a phone number to call to dispute the transaction. A man who answered a call asking to cancel the sale directed me to download and install a remote access application, presumably so he could then take control of my Mac or Windows machine (Linux wasn’t allowed). The email, captured in the two screenshots below, looked like this: Read full article Comments
Investors reassess this healthcare giant in wake of profit collapse and Medicare worries, today, Jan. 27, 2026. Expand NYSE : UNH UnitedHealth Group Today's Change ( -19.61 %) $ -68.94 Current Price $ 282.70 Key Data Points Market Cap $319B Day's Range $ 280.40 - $ 299.50 52wk Range $ 234.60 - $ 606.36 Volume 66M Avg Vol 7.5M Dividend Yield 2.48 % UnitedHealth Group (UNH 19.61%), a major provider ...
Investors reassess this healthcare giant in wake of profit collapse and Medicare worries, today, Jan. 27, 2026. Expand NYSE : UNH UnitedHealth Group Today's Change ( -19.61 %) $ -68.94 Current Price $ 282.70 Key Data Points Market Cap $319B Day's Range $ 280.40 - $ 299.50 52wk Range $ 234.60 - $ 606.36 Volume 66M Avg Vol 7.5M Dividend Yield 2.48 % UnitedHealth Group (UNH 19.61%), a major provider of health insurance and healtchare services, closed Tuesday at $282.69, down 19.61%. The stock sold off after Q4 results showed plunging operational earnings, hefty restructuring charges, and weaker‑than‑expected 2026 revenue guidance. Trading volume reached 65.3 million shares, over 640% above its three-month average of 7.5 million shares. UnitedHealth Group IPO'd in 1984 and has grown 195,498% since going public. How the markets moved today The S&P 500 (^GSPC +0.41%) added 0.41% to finish Tuesday at 6,978.60, while the Nasdaq Composite (^IXIC +0.91%) gained 0.91% to close at 23,817.10. In managed health care, industry peers Elevance Health (ELV 14.33%) closed at $322.92, down 14.33%, and The Cigna Group (CI 3.68%) finished at $270.09, down 3.68%, as investors reacted to Medicare and earnings risks. What this means for investors UnitedHealth stock has been hit by a double whammy this week. Yesterday, health insurance stocks dropped on news that the government planned to limit increases to federal Medicare Advantage plans. Today, its Q4 earnings revealed disappointing revenues and a cautious 2026 outlook. Restructuring took a big chunk out of the healthcare giant’s profits, as the company handled what it describes as “challenges on multiple fronts.” UnitedHealth foresees revenue of $439.0 billion this year, down from $447.6 billion for 2025. Cutting back its operations, particularly its Optum services division, will reduce revenues. Medicare pressures may continue to weigh on the entire sector as investors reset expectations and wait for further clarity.
Prime minister flies to China for three-day visit 7 minutes ago Share Save Chris Mason , Political editor and Isabella Allen , senior political producer, travelling with the prime minister Share Save EPA/Shutterstock Sir Keir Starmer is on his way to Beijing, making the first trip to China by a British prime minister since 2018. He is due to meet President Xi Jinping on Thursday. Around 60 British...
Prime minister flies to China for three-day visit 7 minutes ago Share Save Chris Mason , Political editor and Isabella Allen , senior political producer, travelling with the prime minister Share Save EPA/Shutterstock Sir Keir Starmer is on his way to Beijing, making the first trip to China by a British prime minister since 2018. He is due to meet President Xi Jinping on Thursday. Around 60 British business and cultural leaders are also on the trip, including representatives from bank HSBC, pharmaceutical company GSK, Jaguar Land Rover and the National Theatre. It marks the latest and most important moment in the government's attempt to reboot the UK's relationship with China. But critics argue China is of a wildly different world view, can't be trusted and the government ought to be much more cautious in its dealings with its Communist Party. When asked if the prime minister would raise human rights abuses with the president, Downing Street said he would "raise challenging issues where interests and values differ". China has been accused of committing crimes against humanity against the Uyghur population and other mostly-Muslim ethnic groups in the north-western region of Xingjiang. There has also been criticism over the treatment of Jimmy Lai - the Hong Kong pro-democracy media tycoon – who is facing a life sentence in prison. In addition to China's human rights record, there are concerns about the scale of its espionage activities in the UK, with the head of MI5 recently warning that Chinese state operatives presented a daily national security threat. However, Downing Street has argued the visit is important. Speaking ahead of the trip, the prime minister said: "For years, our approach to China has been dogged by inconsistency – blowing hot and cold, from Golden Age to Ice Age, but like it or not, China matters for the UK. "As one of the world's biggest economic players, a strategic and consistent relationship with them is firmly in our national interest. "That do...
A class-action lawsuit against mortgage-lending giant Rocket Companies accuses the company of illegally steering homebuyers toward using their services and away from cheaper alternatives.
A class-action lawsuit against mortgage-lending giant Rocket Companies accuses the company of illegally steering homebuyers toward using their services and away from cheaper alternatives.
US President Donald Trump said Tuesday he would “de-escalate a little bit” in Minneapolis, amid a backlash over the killings of two people by federal immigration agents. “We’re going to de-escalate a little bit,” Trump told Fox News after he sent his border tsar Tom Homan to the city and was expected to pull out hardline Border Patrol commander Gregory Bovino. Trump said Bovino was “very good, but...
US President Donald Trump said Tuesday he would “de-escalate a little bit” in Minneapolis, amid a backlash over the killings of two people by federal immigration agents. “We’re going to de-escalate a little bit,” Trump told Fox News after he sent his border tsar Tom Homan to the city and was expected to pull out hardline Border Patrol commander Gregory Bovino. Trump said Bovino was “very good, but he’s a pretty out there kind of a guy”, while saying of his shake-up in Minneapolis: “I don’t think it’s a pullback, it’s a little bit of a change.” Advertisement Homan met with officials in Minneapolis, including Minnesota Governor Tim Walz and Minneapolis Mayor Jacob Frey, as the US president struggled with damage control after the fatal shootings. “I hear things are going very nicely,” Trump said. White House ‘border tsar’ Tom Homan speaks to reporters in Washington in August 2025. Photo: AFP The US president told reporters that he rejected the “assassin” label used by a top aide to describe 37-year-old protester Alex Pretti, who was shot at point-blank range over the weekend.
Keir Starmer’s trip to China is billed as an attempt to revitalise diplomatic relations but eight years after Theresa May paved the way for a never-materialised “ambitious” post-Brexit deal, the prospect of the prime minister landing any meaningful trade deal is slim, experts have warned. The visit to Beijing, involving a delegation of British companies led by Starmer, the chancellor, Rachel Reeve...
Keir Starmer’s trip to China is billed as an attempt to revitalise diplomatic relations but eight years after Theresa May paved the way for a never-materialised “ambitious” post-Brexit deal, the prospect of the prime minister landing any meaningful trade deal is slim, experts have warned. The visit to Beijing, involving a delegation of British companies led by Starmer, the chancellor, Rachel Reeves, and the business secretary, Peter Kyle, is the first since May’s 2018 visit, and will revolve around joint trade and investment efforts. Downing Street is already treading a sensitive diplomatic path, suggesting that while issues such as human rights breaches, national security or the imprisonment in Hong Kong of the 78-year-old British pro-democracy campaigner Jimmy Lai will be raised, the main focus will be on the business and economic links between China and the UK. It is also, said Starmer before the flight, not about Donald Trump, who just threatened Canada with 100% tariffs if “it makes a deal with China”. In an interview with Bloomberg, the prime minister said China would bring “significant opportunities” to British businesses and insisted he would not be forced to make a choice between China and the US. Chief executives of banks and financial services companies, along with some handpicked small- and medium-sized businesses, are expected to be on the trip along with a delegation from Rolls-Royce, which already has a joint venture on aero engine services with Air China. Starmer will also be under pressure to ensure China picks up the bill for British Steel in Scunthorpe, which the British state took control of last year to prevent the Chinese firm Jingye from closing the plant. Sam Goodman, the senior policy director at China Strategic Risks Institute, believes the “bar” for a successful Starmer trip is “very low” and could amount to “a bunch of MOUs [memorandum of understanding]” on financial services and maybe the promise of a greenfield investment in the car ind...
The biggest shake-up of the UK veterinary sector for 60 years should push down costs for pet owners by requiring practices to make their pricing clearer, the government has said. Ministers have announced a package of measures after an investigation into reported high prices found problems in the vet sector could be costing UK households at least £1bn over five years. The proposals, which will now ...
The biggest shake-up of the UK veterinary sector for 60 years should push down costs for pet owners by requiring practices to make their pricing clearer, the government has said. Ministers have announced a package of measures after an investigation into reported high prices found problems in the vet sector could be costing UK households at least £1bn over five years. The proposals, which will now be consulted on, would require vet practices to publish price lists for common treatments and be transparent about the various options, making it easier for owners to make the right choice for their pets, the Department for Environment, Food and Rural Affairs (Defra) said. “Knowing key prices beforehand helps owners to choose the best value,” it added. It is estimated that 60% of UK households – about 17 million – have a pet, and owners spent about £6.3bn on veterinary and other services in 2024, according to the Competition and Markets Authority (CMA), which found that vet fees had risen at nearly twice the rate of inflation. That figure works out at an average of just over £365 for each pet-owning household, but some owners end up paying much more than that. Surgery for cruciate ligament disease – a common procedure for dogs – can cost up to £5,000, and occasionally more. The CMA has been investigating the sector since 2024 and published its provisional findings and remedies in October, with its final report due in February or March this year. The Defra announcement suggests ministers are keen to move swiftly, with many of the government proposals the same or similar to those put forward by the markets watchdog. Under the Defra plans, vet businesses will have to disclose who owns them so pet owners know if their local practice is part of a larger chain or is independent. It said this would increase competition and bring down costs over time. Meanwhile, every vet practice will need an official operating licence – similar to GP surgeries and care homes – and there are plans...
Keir Starmer has said the UK government will remain “clear-eyed and realistic” on the national security threat posed by China as he travelled to Beijing in an effort to improve relations with the economic powerhouse. The prime minister promised “stability and clarity” in his approach to Beijing after years of what he described as “inconsistency” under the Tories, as western powers turn to China in...
Keir Starmer has said the UK government will remain “clear-eyed and realistic” on the national security threat posed by China as he travelled to Beijing in an effort to improve relations with the economic powerhouse. The prime minister promised “stability and clarity” in his approach to Beijing after years of what he described as “inconsistency” under the Tories, as western powers turn to China in their search for economic stability amid concerns the US may no longer be a reliable partner. Starmer’s trip comes amid tensions between Britain and its close ally, the US, over Donald Trump’s threats to take control of Greenland and his criticism of the Chagos Islands deal. Downing Street said that at a time of growing global instability, where events abroad continued to rebound on people at home, he would act in the UK’s national interest. He will meet China’s president, Xi Jinping, and the premier, Li Qiang, in Beijing on Thursday for talks. Starmer has faced criticism at home for pursuing a thaw in relations with China while the country remains a national security threat to the UK, with a decision to greenlight a new mega-embassy in London last week angering opposition politicians. China has also been accused of trying to recruit informants in parliament, harass Hong Kong pro-democracy activists in the UK, suppress criticism by an academic at a British university, and engage in cyber-attacks. Downing Street said Starmer would maintain “guardrails” on national security, while discussing economic ties with China’s leaders. But they said he would not trade one for the other, and would raise areas of disagreement, including human rights abuses. The prime minister has argued the UK cannot afford to ignore the economic opportunities presented by China – the world’s second largest economy and the UK’s third largest trading partner, supporting 370,000 British jobs. As he becomes the first UK leader in eight years to visit Beijing, he promised to take a more pragmatic stance. “...
Vets may have to publish prices of common pet treatments 1 hour ago Share Save Jemma Crew , Business reporter and Colletta Smith , Your Voice Correspondent Share Save Getty Images Veterinary practices will be required to publish prices of common treatments so pet owners can shop around and choose the best value option, according to government proposals. They will also need to have an official oper...
Vets may have to publish prices of common pet treatments 1 hour ago Share Save Jemma Crew , Business reporter and Colletta Smith , Your Voice Correspondent Share Save Getty Images Veterinary practices will be required to publish prices of common treatments so pet owners can shop around and choose the best value option, according to government proposals. They will also need to have an official operating licence to help drive up standards, under plans from the Department for Environment, Food & Rural Affairs (Defra) -in the first reforms in 60 years. The Competition and Markets Authority (CMA) watchdog has found that vet prices have risen at nearly twice the rate of inflation. The British Veterinary Association, which represents 19,000 members, said it broadly supported the proposals, but these were "very unlikely to dramatically alter the cost of veterinary care". More than half of all UK households are thought to own a pet. Common treatments might include annual vaccinations, first vaccinations for puppies or kittens, microchipping and neutering or spaying a dog or cat. A File on 4 investigation in April last year found vets bills had skyrocketed. Hundreds of pet owners got in touch with the BBC with concerns. Vets and animal charities have said pet owners were increasingly having their sick animals put down or are delaying taking them for treatment to avoid spiralling vet bills. Mounting concerns over whether pet owners are receiving a fair deal prompted the CMA to launch a formal investigation near the end of last year. It has estimated problems in the veterinary market could be costing households up to £1bn over five years. There are no standardised prices for treatments, and the CMA found 84% of vet practice websites had no pricing information at all. While that investigation is continuing, with final proposals not due until March, the government has now announced its plans to update the way the system is regulated. Under government proposals, vet practices woul...
Investors applauded the foodservice leader's efforts to mitigate inflation. Shares of Sysco (SYY +10.96%) popped on Tuesday after the food distributor said its full-year profits would come in near the top of its forecast. By the close of trading, Sysco's stock price was up more than 10%. Solid performance in a challenging economic environment Sysco's sales rose 3% year over year to $20.8 billion i...
Investors applauded the foodservice leader's efforts to mitigate inflation. Shares of Sysco (SYY +10.96%) popped on Tuesday after the food distributor said its full-year profits would come in near the top of its forecast. By the close of trading, Sysco's stock price was up more than 10%. Solid performance in a challenging economic environment Sysco's sales rose 3% year over year to $20.8 billion in the quarter ended Dec. 27. The food giant's gross profit, in turn, grew 3.9% to $3.8 billion, as its gross margin improved by 15 basis points to 18.3%. These gains were particularly impressive, given that Sysco saw its product costs rise by 2.9%, primarily due to higher meat and seafood prices. Expand NYSE : SYY Sysco Today's Change ( 10.96 %) $ 8.29 Current Price $ 83.92 Key Data Points Market Cap $36B Day's Range $ 77.31 - $ 83.96 52wk Range $ 67.12 - $ 83.96 Volume 11M Avg Vol 3.3M Gross Margin 18.31 % Dividend Yield 2.82 % Better still, Sysco's U.S. foodservice business returned to growth, with local volumes up 1.2%, even as fewer people dined at restaurants. "We delivered our third consecutive quarter of sequentially improving local case growth," CEO Kevin Hourican said in a press release. All told, Sysco's adjusted net earnings increased 3.9% to $476 million. Its adjusted earnings per share, which were boosted by stock buybacks, climbed 6.5% to $0.99. Growth is set to accelerate Sysco expects its local case growth to rise to at least 2.5% in the second half of its fiscal year. Management thus sees the company's full-year adjusted earnings coming in near the high end of its prior forecast of $4.50 to $4.60 per share. That would represent year-over-year growth of up to 7%.
The average enterprise SOC receives 10,000 alerts per day. Each requires 20 to 40 minutes to investigate properly, but even fully staffed teams can only handle 22% of them. More than 60% of security teams have admitted to ignoring alerts that later proved critical. Running an efficient SOC has never been harder, and now the work itself is changing. Tier-1 analyst tasks — like triage, enrichment, a...
The average enterprise SOC receives 10,000 alerts per day. Each requires 20 to 40 minutes to investigate properly, but even fully staffed teams can only handle 22% of them. More than 60% of security teams have admitted to ignoring alerts that later proved critical. Running an efficient SOC has never been harder, and now the work itself is changing. Tier-1 analyst tasks — like triage, enrichment, and escalation — are becoming software functions, and more SOC teams are turning to supervised AI agents to handle the volume. Human analysts are shifting their priorities to investigate, review, and make edge-case decisions. Response times are being reduced. Not integrating human insight and intuition comes with a high cost, however. Gartner predicts over 40% of agentic AI projects will be canceled by the end of 2027, with the main drivers being unclear business value and inadequate governance. Getting change management right and making sure generative AI doesn’t become a chaos agent in the SOC are even more important. Why the legacy SOC model needs to change Burnout is so severe in many SOCs today that senior analysts are considering career changes . Legacy SOCs that have multiple systems that deliver conflicting alerts, and the many systems that can’t talk to each other at all, are making the job a recipe for burnout, and the talent pipeline cannot refill faster than burnout empties it. CrowdStrike's 2025 Global Threat Report documents breakout times as fast as 51 seconds and found 79% of intrusions are now malware-free. Attackers rely on identity abuse, credential theft, and living-off-the-land techniques instead. Manual triage built for hourly response cycles cannot compete. As Matthew Sharp, CISO at Xactly, told CSO Online : "Adversaries are already using AI to attack at machine speed. Organizations can't defend against AI-driven attacks with human-speed responses." How bounded autonomy compresses response times SOC deployments that compress response times share a comm...
Technology Secretary Liz Kendall promised to offer training in artificial intelligence for all UK workers as the government seeks to embrace a technology that it said has the potential to boost economic output by £140 billion ($193 billion) a year. Online courses developed by British industry will be made available to all UK adults to train them in how to use AI tools to draft text, create content...
Technology Secretary Liz Kendall promised to offer training in artificial intelligence for all UK workers as the government seeks to embrace a technology that it said has the potential to boost economic output by £140 billion ($193 billion) a year. Online courses developed by British industry will be made available to all UK adults to train them in how to use AI tools to draft text, create content and complete administrative tasks, Kendall’s Department for Science, Innovation and Technology said late Tuesday in a statement. That will free them up to focus on other work, while giving employers confidence in the skills of their employees, it said. The initiative comes amid increasing warnings about AI’s potential to disrupt the UK workforce. Bank of England Governor Andrew Bailey said last month that the technology will displace workers, even while making the country more productive. Meanwhile research by Morgan Stanley seen by Bloomberg this week showed Britain is losing more jobs than it’s creating due to AI, and at a faster rate than international peers. “We want AI to work for Britain, and that means ensuring Britons can work with AI,” Kendall said in the statement. “Change is inevitable, but the consequences of change are not. We will protect people from the risks of AI while ensuring everyone can share in its benefits.” The science department also said it was establishing an AI and the Future of Work Unit to examine the challenges posed by the technology and provide policy advice to address them. DSIT described its plan as the biggest targeted training program since the foundation in the late 1960s of the UK’s Open University, a distance learning higher education establishment. An expansion of efforts that have already delivered 1 million courses, the government aims to train 10 million workers this decade. Kendall is due to deliver a speech on AI on Wednesday at Bloomberg’s London office, at which she’ll announce new partners including Cisco, Cognizant and the ...
(RTTNews) - Packaging Corporation of America (PKG) announced earnings for fourth quarter that Drops, from last year The company's bottom line totaled $101.8 million, or $1.13 per share. This compares with $221.1 million, or $2.45 per share, last year. Excluding items, Packaging Corporation of America reported adjusted earnings of $208.9 million or $2.32 per share for the period. The company's reve...
(RTTNews) - Packaging Corporation of America (PKG) announced earnings for fourth quarter that Drops, from last year The company's bottom line totaled $101.8 million, or $1.13 per share. This compares with $221.1 million, or $2.45 per share, last year. Excluding items, Packaging Corporation of America reported adjusted earnings of $208.9 million or $2.32 per share for the period. The company's revenue for the period rose 10.3% to $2.36 billion from $2.14 billion last year. Packaging Corporation of America earnings at a glance (GAAP) : -Earnings: $101.8 Mln. vs. $221.1 Mln. last year. -EPS: $1.13 vs. $2.45 last year. -Revenue: $2.36 Bln vs. $2.14 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
is a senior science reporter covering energy and the environment with more than a decade of experience. She is also the host of Hell or High Water: When Disaster Hits Home , a podcast from Vox Media and Audible Originals. Posts from this author will be added to your daily email digest and your homepage feed. The colossal winter storm that swept across 34 states left hundreds of thousands of people...
is a senior science reporter covering energy and the environment with more than a decade of experience. She is also the host of Hell or High Water: When Disaster Hits Home , a podcast from Vox Media and Audible Originals. Posts from this author will be added to your daily email digest and your homepage feed. The colossal winter storm that swept across 34 states left hundreds of thousands of people without electricity. Bitterly cold temperatures lingering after Winter Storm Fern are still testing power grids, already under stress from a rush of new AI data centers. “It’s certainly causing more pricing volatility,” says Nikhil Kumar, program director at energy consulting firm GridLab. “It’s certainly causing more pricing volatility” Kumar is quick to add that it’s still too early to say exactly what impact data centers have had on power grids during this week’s cold snap, and that the effects can vary from place to place. But this week’s stress test will be important to watch amid the challenges power grids face ahead as the US copes with a shifting energy landscape and a changing climate. In Virginia, wholesale electricity prices climbed above $1,800 on Sunday compared to around $200 the day prior, CNBC reports. Utility Dominion Energy, the biggest energy provider, didn’t immediately respond to questions from The Verge about factors influencing rising wholesale costs, and how much that would affect residential customers’ bills. The company announced on Monday that it had restored power to 85 percent of 48,000 customers impacted by the storm in Virginia. Keep in mind that many different issues drive up energy costs. Electricity demand is rising more steeply than it has in more than a decade because of AI data centers, as well as domestic manufacturing and the electrification of homes and buildings. Utilities are also having to spend a lot of money upgrading old infrastructure, as well as repairing damage from intensifying climate-related disasters like storms that hav...