President Donald Trump‘s new AI executive order may have avoided the heavy-handed regulation that some in Silicon Valley feared, but it has opened a new question for investors: who will gain a seat at the table as Washington builds its...
President Donald Trump‘s new AI executive order may have avoided the heavy-handed regulation that some in Silicon Valley feared, but it has opened a new question for investors: who will gain a seat at the table as Washington builds its...
A proposal by a Kevin O’Leary -backed firm to build Canada’s largest data center in northwestern Alberta is facing pushback from some residents and Indigenous groups. Hundreds of people poured into the community hall in the hamlet of Grovedale, Alberta, to hear from O’Leary Digital Ltd. officials and their contracted experts last week. The company wants to build a 7.5 gigawatt data center called W...
A proposal by a Kevin O’Leary -backed firm to build Canada’s largest data center in northwestern Alberta is facing pushback from some residents and Indigenous groups. Hundreds of people poured into the community hall in the hamlet of Grovedale, Alberta, to hear from O’Leary Digital Ltd. officials and their contracted experts last week. The company wants to build a 7.5 gigawatt data center called Wonder Valley in the region, which is about 300 miles northwest of the provincial capital of Edmonton. One gigawatt is roughly the equivalent of the power of a traditional nuclear reactor. The Alberta plan has similarities to O’Leary Digital’s Utah data center proposal, which has triggered protests and even death threats against elected officials over environmental concerns, including water usage in the Great Salt Lake area. O’Leary, an investor who’s best known for his role on the Shark Tank television series, told lawmakers last week the company would cut the 40,000-acre Utah project in half. In Alberta, O’Leary Digital is trying to take advantage of two major natural features — abundant natural gas to provide the power for the data centers, and a northern climate that makes cooling them more efficient. The firm hopes to begin construction as soon as next year , if it can get the necessary regulatory permits and investment. Residents at the town hall meeting expressed particular concern about the effects on water and wildlife, the types of data being processed in the facilities, possible impacts on the electrical grid, transparency around the approval process and how the local economy would benefit. People inside and outside the building handed out pamphlets opposed to the project. Representatives from the company “seem like lovely people, but nothing in there has made me believe that this is a good thing for our community,” said Sandra Willman, who lives in the nearby city of Grande Prairie. Data center projects are facing growing opposition in parts of the US and Canada ...
Brandon Moser A surge of stock offerings tied to the artificial intelligence boom is poised to deliver trillions of dollars of new equity to U.S. markets, prompting investors to weigh whether demand can keep pace with one of the largest bursts of share issuance in recent memory, Bloomberg News reported Sunday. Highly anticipated public listings from SpaceX ( SPCX ), OpenAI ( OPENAI ) and Anthropic...
Brandon Moser A surge of stock offerings tied to the artificial intelligence boom is poised to deliver trillions of dollars of new equity to U.S. markets, prompting investors to weigh whether demand can keep pace with one of the largest bursts of share issuance in recent memory, Bloomberg News reported Sunday. Highly anticipated public listings from SpaceX ( SPCX ), OpenAI ( OPENAI ) and Anthropic ( ANTHRO ), along with potential stock sales by established technology companies seeking capital for AI infrastructure, could dramatically expand the supply of publicly traded shares over the next several quarters. The trend is significant for investors because it could reshape capital flows across the market. While the new offerings may create fresh opportunities to invest directly in leading AI companies, they could also draw money away from existing AI-related stocks, pressure valuations and increase volatility as indexes and institutional portfolios adjust. The coming wave arrives as enthusiasm for AI remains a dominant force in equity markets. Semiconductor stocks have surged over the past year, while companies ranging from networking providers to legacy technology firms have benefited from investor expectations that AI spending will continue to accelerate. Still, some market participants are questioning whether investor demand can absorb such a large volume of new stock issuance in a relatively short period. Ano Kuhanathan, head of corporate research at Allianz Trade, described the expected influx of shares as an unusually large supply event that has few historical parallels. Concerns about valuation have also begun to surface. The Nasdaq 100 recently suffered its sharpest one-day decline in more than a year, while reports that Meta Platforms may consider a major equity raise weighed on its shares. Despite those concerns, many strategists believe the market has sufficient liquidity to absorb both large IPOs and secondary stock offerings from companies funding AI-rela...
Iran’s chief negotiator warned on Sunday that an Israeli strike on south Beirut and the continuing US blockade of Iranian ports would trigger retaliation. Israel struck Beirut’s southern suburbs without warning on Sunday, days after a ceasefire agreement in Washington went into effect and despite a US request not to attack Lebanon’s capital. Lebanon’s state-run national news agency said two people...
Iran’s chief negotiator warned on Sunday that an Israeli strike on south Beirut and the continuing US blockade of Iranian ports would trigger retaliation. Israel struck Beirut’s southern suburbs without warning on Sunday, days after a ceasefire agreement in Washington went into effect and despite a US request not to attack Lebanon’s capital. Lebanon’s state-run national news agency said two people were killed and 11 wounded in a preliminary count. Iran had warned that an attack on Beirut would...
Choose One: Housing Is Shelter, Or Housing Is Just Another Asset In A Bubble Economy Authored by Charles Hugh Smith via Of Two Minds , This will get massive pushback because it's true: either Housing Is Shelter , or Housing Is Just Another Asset in a Bubble Economy - it can't be both. This reality gets pushback because the conversion of housing from shelter into just another asset bubbling higher ...
Choose One: Housing Is Shelter, Or Housing Is Just Another Asset In A Bubble Economy Authored by Charles Hugh Smith via Of Two Minds , This will get massive pushback because it's true: either Housing Is Shelter , or Housing Is Just Another Asset in a Bubble Economy - it can't be both. This reality gets pushback because the conversion of housing from shelter into just another asset bubbling higher in a bubble-dependent economy has been so profitable for those inflating the bubble. The basic pushback goes like this: housing has always been an investment, nothing has changed. This is classic misdirection . This is like saying "stock market options have always been a way to hedge positions" to justify the transition from hedging to extremes of gambling, i.e. zero-day expiration options (ODTE). Whenever I suggest that housing is being hoarded by the wealthy and corporations as a low-risk asset to park credit-generated capital, I get pushback: no, I'm told, the percentage of housing that's empty most or all of the year owned by the wealthy and corporations is tiny, as is the percentage of housing owned as short-term vacation rentals (STVRs). The problem with these claims is they're based on completely fraudulent / inaccurate statistics. There is no regulatory system that audits whether owners who obtained "owner occupied" mortgages actually live in the dwelling, or whether owners, especially those hidden behind LLCs and other cloaking mechanisms, are "owner occupants" as claimed. Owner-Occupancy Fraud and Mortgage Performance (Philadelphia Federal Reserve) Occupancy fraud has been suggested as a contributor to the housing bubble. We show it was pervasive and remains present. In other words, even the most cursory audits find significant percentages of "owner occupied" housing is vacant most or all of the time or is an unregistered short-term vacation rental. Anecdotally, many upper-middle class households own not just vacation / second homes in rural locales but "investmen...
A 2x leveraged semiconductor ETF will eventually give you a day like June 5, 2026. ProShares Ultra Semiconductors (NYSEARCA:USD), which seeks twice the daily return of the Dow Jones U.S. Semiconductors Index, closed at $88.68 on Friday, down roughly 17% from $106.64 the day before. A holder who walked in Friday morning with $10,000 walked ... USD Implodes 17% And June 8th Could Be Worse
A 2x leveraged semiconductor ETF will eventually give you a day like June 5, 2026. ProShares Ultra Semiconductors (NYSEARCA:USD), which seeks twice the daily return of the Dow Jones U.S. Semiconductors Index, closed at $88.68 on Friday, down roughly 17% from $106.64 the day before. A holder who walked in Friday morning with $10,000 walked ... USD Implodes 17% And June 8th Could Be Worse
Williams, 44, returns to tennis for first time since 2022 ‘I don’t have anything to prove, everything is a gain’ Serena Williams has said her professional tennis return at the age of 44 is about “just having fun,” insisting winning is “not important” after lifting 23 grand slam singles titles during a hugely successful career. Williams will play doubles alongside the Canadian teenager Victoria Mbo...
Williams, 44, returns to tennis for first time since 2022 ‘I don’t have anything to prove, everything is a gain’ Serena Williams has said her professional tennis return at the age of 44 is about “just having fun,” insisting winning is “not important” after lifting 23 grand slam singles titles during a hugely successful career. Williams will play doubles alongside the Canadian teenager Victoria Mboko at Queen’s Club this week in her first competitive outing since stepping away from tennis in 2022. Although she has committed to playing doubles in Berlin afterwards, her future beyond that remains uncertain. Meetings to determine the first batch of Wimbledon wildcards begin soon but when asked whether she intends to return to singles competition, Williams said: “I can’t say yeah, I can’t say no. Right now, no.” Continue reading...
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Florida Rep. Greg Steube, Air France-KLM Benjamin Smith, United Airlines CEO Scott Kirby, Oklahoma Sen. Alan Armstrong, GE Aerospace Larry Culp, Puck News Washington Reporter Abby Livingston and Eagl...
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Florida Rep. Greg Steube, Air France-KLM Benjamin Smith, United Airlines CEO Scott Kirby, Oklahoma Sen. Alan Armstrong, GE Aerospace Larry Culp, Puck News Washington Reporter Abby Livingston and Eagleton Center for Public Interest Polling Ashley Koning. (Source: Bloomberg)
Just a few days after pushing Fable out of 2026, Microsoft showed off more footage of Fable , the first new entry in the storied RPG franchise since 2010's Fable III , at its Xbox Games Showcase on Sunday. The company also announced a specific release date: February 23rd, 2027 . The trailer from the showcase follows a dedicated gameplay overview shown earlier this year. Based on what Microsoft has...
Just a few days after pushing Fable out of 2026, Microsoft showed off more footage of Fable , the first new entry in the storied RPG franchise since 2010's Fable III , at its Xbox Games Showcase on Sunday. The company also announced a specific release date: February 23rd, 2027 . The trailer from the showcase follows a dedicated gameplay overview shown earlier this year. Based on what Microsoft has shown so far, the new Fable looks like it could deliver on what people love about the original trilogy, including the fantasy RPG setting and a lot of British humor. When it launches, it will be available simultaneously on Xbox, PC, and PS5 . Fable , … Read the full story at The Verge.
As part of its Xbox Games Showcase on Sunday, Microsoft revealed new details about Halo: Campaign Evolved , the upcoming remake of Halo: Combat Evolved 's campaign mode. The remake will debut on Xbox Series S / X, PC, and PS5 on July 28th. Today's mission trailer includes a first look at Operation: Meteorite, a new three-mission story arc in Halo: Campaign Evolved . It takes place a year before th...
As part of its Xbox Games Showcase on Sunday, Microsoft revealed new details about Halo: Campaign Evolved , the upcoming remake of Halo: Combat Evolved 's campaign mode. The remake will debut on Xbox Series S / X, PC, and PS5 on July 28th. Today's mission trailer includes a first look at Operation: Meteorite, a new three-mission story arc in Halo: Campaign Evolved . It takes place a year before the events of the first game, and features Master Chief and Sgt. Johnson. Microsoft announced Campaign Evolved last year, calling it a "modern evolution" of the original story. The game is built in Unreal Engine 5 and features "stunning new 4K visuals, … Read the full story at The Verge.
Iata summit in Brazil hears top executives say although jet fuel shortages are unlikely industry-wide profits will halve BA boss: ‘Costly aviation taxes and rail tickets stunting UK tourism growth’ Airlines will have to spend an extra $100bn on jet fuel this year, with fares “inevitably” rising to cover the bill after the war with Iran choked off oil supplies. With jet fuel prices expected to be 7...
Iata summit in Brazil hears top executives say although jet fuel shortages are unlikely industry-wide profits will halve BA boss: ‘Costly aviation taxes and rail tickets stunting UK tourism growth’ Airlines will have to spend an extra $100bn on jet fuel this year, with fares “inevitably” rising to cover the bill after the war with Iran choked off oil supplies. With jet fuel prices expected to be 70% higher across 2026, airlines body Iata said that collective industry profits worldwide would halve to $23bn. Some carriers would struggle to survive the fuel price shock caused by the closure of strait of Hormuz in March, it said. Continue reading...
Apparently, the " return of Xbox " means a retreat from other platforms. At its Xbox Games Showcase today, Microsoft revealed that Gears of War: E-Day - which was previously rumored for a PS5 launch in addition to Xbox and PC - will not be coming to PlayStation. It'll be an Xbox console exclusive and is launching on October 6th. The announcement was preceded by a trailer, which opened with a stree...
Apparently, the " return of Xbox " means a retreat from other platforms. At its Xbox Games Showcase today, Microsoft revealed that Gears of War: E-Day - which was previously rumored for a PS5 launch in addition to Xbox and PC - will not be coming to PlayStation. It'll be an Xbox console exclusive and is launching on October 6th. The announcement was preceded by a trailer, which opened with a street-level view of an alien attack, with the extraterrestrial invaders being fought off in an urban landscape, including an electronics store and grocery shop. It looked like familiar Gears gameplay: lots of blood and lots of cover. It also may have bee … Read the full story at The Verge.
EXL’s new NVIDIA powered transaction models catch investor attention ExlService Holdings (EXLS) is in focus after announcing it will embed NVIDIA’s Build Your Own Transaction Foundation Model developer example into its EXLerate.ai platform for financial institutions. The move gives banks and other financial clients tools to train transformer based models on large volumes of transaction data, targe...
EXL’s new NVIDIA powered transaction models catch investor attention ExlService Holdings (EXLS) is in focus after announcing it will embed NVIDIA’s Build Your Own Transaction Foundation Model developer example into its EXLerate.ai platform for financial institutions. The move gives banks and other financial clients tools to train transformer based models on large volumes of transaction data, targeting use cases such as fraud detection, risk management, personalization and recommendation...
Despite setting a new personal best, Great Britain's Keely Hodgkinson is beaten by Switzerland's Audrey Werro during the women's 800m at the Stockholm Diamond League.
Despite setting a new personal best, Great Britain's Keely Hodgkinson is beaten by Switzerland's Audrey Werro during the women's 800m at the Stockholm Diamond League.
Advanced Micro Devices (NASDAQ: AMD) is becoming a more serious contender in AI infrastructure as inference demand, MI350 accelerators, and ROCm improvements reshape the bull case. But after a massive rally, AMD's valuation creates a high-stakes question for investors: Can earnin
Advanced Micro Devices (NASDAQ: AMD) is becoming a more serious contender in AI infrastructure as inference demand, MI350 accelerators, and ROCm improvements reshape the bull case. But after a massive rally, AMD's valuation creates a high-stakes question for investors: Can earnin