Welcome to our guide to the commodities driving the global economy. Today, reporter Mark Chediak takes stock of the latest mammoth deal in the US energy space. If there’s one overarching theme in NextEra Energy Inc.’s $67 billion deal to purchase Dominion Energy Inc., it’s this: In the AI power boom, bigger is better. Monday’s transaction promises to reshape the US utility landscape, creating a gi...
Welcome to our guide to the commodities driving the global economy. Today, reporter Mark Chediak takes stock of the latest mammoth deal in the US energy space. If there’s one overarching theme in NextEra Energy Inc.’s $67 billion deal to purchase Dominion Energy Inc., it’s this: In the AI power boom, bigger is better. Monday’s transaction promises to reshape the US utility landscape, creating a giant power company that stretches from Florida to Virginia. It’s the largest utility deal in US history. And it’s a sign that scale is becoming essential as the industry races to meet enormous electricity demands. Beyond its sheer size, the transaction also reveals where one of the sector’s most influential companies sees the next big market: battery storage. Virginia is home to the world’s largest concentration of data centers . It’s also emerging as one of the country’s most battery-hungry power markets. The state recently passed a mandate requiring utilities to procure more than 20 gigawatts of battery storage by 2045 as officials look for ways to meet AI’s surging power needs. Virginia sits inside PJM Interconnection, the nation’s biggest electricity grid, where a yearslong backlog for new connections has collided with AI-driven demand . That creates a huge opening for batteries, which can be deployed far faster than new gas-fired plants or transmission lines. For NextEra, the timing looks almost tailor-made. The company already has one of the industry’s largest storage development pipelines at more than 110 gigawatts. Chief Executive Officer John Ketchum made clear Monday that batteries are central to its strategy, touting the “incredible opportunity” ahead. That matters because the AI buildout is changing how utilities and tech companies think about the reliability of electricity supply . Battery costs have plummeted over the last decade and the technology is increasingly viewed as a way to get data centers online faster — either by pairing it with generators for off-g...
KanawatTH The wait for news about Grand Theft Auto 6 continues after fans were left disappointed when last week's rumors of a May 18 opening for preorders and a release of a new trailer failed to materialize. Leaked internal correspondence at Best Buy ( BBY ) seemed to suggest the PlayStation 5 and Xbox Series X|S game would become available on May 18 and that a promotional discount offer would ru...
KanawatTH The wait for news about Grand Theft Auto 6 continues after fans were left disappointed when last week's rumors of a May 18 opening for preorders and a release of a new trailer failed to materialize. Leaked internal correspondence at Best Buy ( BBY ) seemed to suggest the PlayStation 5 and Xbox Series X|S game would become available on May 18 and that a promotional discount offer would run until May 21. However, currently there has not been any big announcement from publisher Take-Two Interactive ( TTWO ) confirming the official November 19 release date. However, interestingly, the latest GTA 6 rumor is that The Rolling Stones song Doo Doo Doo Doo (Heartbreaker) will be used for the highly anticipated third trailer. The make-or-break moment for Take-Two Interactive Software ( TTWO ) is May 21, when the company reports Q4 earnings and holds a conference call at 4:30 p.m. On Kalshi, traders have assigned a probability of 80% that GTA 6 is released before December 2026. Shares of TTWO slipped 0.2% in premarket trading but are still up more than 7% over the last week. More on Take-Two Take-Two Interactive Q4 Preview: GTA VI Release Can't Come Soon Enough Take-Two Interactive: What The Market Is Missing About The GTA VI (Rating Upgrade) Options price in Take-Two event as 'Grand Theft Auto' presale buzz builds Cisco leads Nasdaq gainers this week, while Intel lags Seeking Alpha’s Quant Rating on Take-Two
The allegations of rape and sexual assault in this documentary about the Channel 4 series are hugely troubling and revealing. Surely this is the end for MAFS? Well. My goodness. Allegations of rape and sexual assault have arisen from a reality show built around the conceit of strangers “marrying” each other at first sight, then cohabiting in the full expectation that “marital” relations will ensue...
The allegations of rape and sexual assault in this documentary about the Channel 4 series are hugely troubling and revealing. Surely this is the end for MAFS? Well. My goodness. Allegations of rape and sexual assault have arisen from a reality show built around the conceit of strangers “marrying” each other at first sight, then cohabiting in the full expectation that “marital” relations will ensue – and if not, they will be quizzed by a panel of “experts” as to why not. All this, and under the pressures of filming and the medium’s insatiable appetite for emotional drama and conflict, plus manufactured situations such as group dinner parties to encourage any grievances to burst into flames on top of that? The only possible true surprise here, surely, is that this hasn’t happened before. Panorama’s latest exposé, The Dark Side of Married at First Sight, is presented by Noor Nanji, who has previously worked on investigations into the allegations of various forms of sexual and other misconduct behind the scenes at the BBC hits Strictly Come Dancing and MasterChef. This time, the focus is on allegations by three former “wives” who appeared on Channel 4’s wildly popular show (10 series and – at least until now – counting), known by fans as MAFS, or MAFS UK to distinguish it from the international editions that have developed since the original Danish version in 2013. Continue reading...
New Yorkers face a sweltering Tuesday commute as temperatures soar, threatening to topple regional records and strain energy supplies. Manhattan’s Central Park is set to reach 95F (35C) Tuesday, with humidity making it feel closer to 99F, the National Weather Service said. From New England to North Carolina and west to Ohio, temperatures may approach or top as many as 57 daily highs, including in ...
New Yorkers face a sweltering Tuesday commute as temperatures soar, threatening to topple regional records and strain energy supplies. Manhattan’s Central Park is set to reach 95F (35C) Tuesday, with humidity making it feel closer to 99F, the National Weather Service said. From New England to North Carolina and west to Ohio, temperatures may approach or top as many as 57 daily highs, including in Newark, Philadelphia and Washington. “For most people, today will be the hottest day” of the week, said Marc Chenard, a senior branch forecaster with the US Weather Prediction Center. “It will be another hot day tomorrow and then it cools off by Thursday.” The rising mercury is set to drive up energy demand across the region as residents and businesses turn on air conditioning. PJM Interconnection LLC issued an emergency load-management alert, asking power plants to brace for high demand . The alert calls on all generators to be online to ultimately avoid blackouts. The notices stretch across its service area from the Mid-Atlantic coast west into the Ohio Valley, according to PJM, which operates a 13-state grid in the eastern US. The high readings may delay commuter and Amtrak trains, which will have to slow when rails get hot. That spells more misery for users of New York’s Long Island Rail Road trains amid a strike. A tentative agreement has now been reached between the city’s transit system and LIRR workers, meaning some services will resume Tuesday. Chenard said a cold front is forecast to sweep through the region late Wednesday and temperatures will fall by Thursday.
Jonathan Kitchen Intel ( INTC ) and Qualcomm ( QCOM ) are interested in acquiring artificial intelligence chip startup Tenstorrent, Bloomberg reported. Tenstorrent has spoken to investment banks to discuss its options after having had conversations with Intel and Qualcomm, the news outlet added , citing people familiar with the matter. Other potential acquirers may enter the discussions if Tenstor...
Jonathan Kitchen Intel ( INTC ) and Qualcomm ( QCOM ) are interested in acquiring artificial intelligence chip startup Tenstorrent, Bloomberg reported. Tenstorrent has spoken to investment banks to discuss its options after having had conversations with Intel and Qualcomm, the news outlet added , citing people familiar with the matter. Other potential acquirers may enter the discussions if Tenstorrent decides it wants to sell itself, the people added. If Tenstorrent decides it wishes to sell itself, it could be valued at $5B or more, the news outlet added, with valuations in the sector after Cerebras' ( CBRS ) recent IPO on watch. In addition to the sale discussions, Tenstorrent, which competes with Nvidia's ( NVDA ) Groq, is talking to potential investors about a new funding round, the people added. Intel, Qualcomm and Tenstorrent did not immediately respond to a request for comment from Seeking Alpha. More on Intel and Qualcomm AMD Vs. Intel: The AI CPU Trade Still Favors AMD - But Hedged Intel: Will Higher Bond Yields Burst The AI Bubble? (Rating Downgrade) Qualcomm: Get Out Before The Reality Sets In Later (Rating Downgrade) SA analyst upgrades/downgrades: MU, INTC, FDX, CRTO Intel, AMD see price target hikes at Citi as firm raises CPU estimates
Jonathan Kitchen Intel ( INTC ) and Qualcomm ( QCOM ) are interested in acquiring artificial intelligence chip startup Tenstorrent, Bloomberg reported. Tenstorrent has spoken to investment banks to discuss its options after having had conversations with Intel and Qualcomm, the news outlet added , citing people familiar with the matter. Other potential acquirers may enter the discussions if Tenstor...
Jonathan Kitchen Intel ( INTC ) and Qualcomm ( QCOM ) are interested in acquiring artificial intelligence chip startup Tenstorrent, Bloomberg reported. Tenstorrent has spoken to investment banks to discuss its options after having had conversations with Intel and Qualcomm, the news outlet added , citing people familiar with the matter. Other potential acquirers may enter the discussions if Tenstorrent decides it wants to sell itself, the people added. If Tenstorrent decides it wishes to sell itself, it could be valued at $5B or more, the news outlet added, with valuations in the sector after Cerebras' ( CBRS ) recent IPO on watch. In addition to the sale discussions, Tenstorrent, which competes with Nvidia's ( NVDA ) Groq, is talking to potential investors about a new funding round, the people added. Intel, Qualcomm and Tenstorrent did not immediately respond to a request for comment from Seeking Alpha. More on Intel and Qualcomm AMD Vs. Intel: The AI CPU Trade Still Favors AMD - But Hedged Intel: Will Higher Bond Yields Burst The AI Bubble? (Rating Downgrade) Qualcomm: Get Out Before The Reality Sets In Later (Rating Downgrade) SA analyst upgrades/downgrades: MU, INTC, FDX, CRTO Intel, AMD see price target hikes at Citi as firm raises CPU estimates
Hello, and welcome to TechScape. I’m your host, Blake Montgomery, US tech editor at The Guardian, writing to you from sunny Mountain View, California, where I’ll be attending Google’s annual developer conference, I/O, when you read this. Stay tuned next week for a dispatch from the heart of the AI boom. What’s next for OpenAI? On Monday morning, a jury in Oakland, California handed a resounding vi...
Hello, and welcome to TechScape. I’m your host, Blake Montgomery, US tech editor at The Guardian, writing to you from sunny Mountain View, California, where I’ll be attending Google’s annual developer conference, I/O, when you read this. Stay tuned next week for a dispatch from the heart of the AI boom. What’s next for OpenAI? On Monday morning, a jury in Oakland, California handed a resounding victory to Sam Altman and OpenAI in their long, bitter courtroom battle with Elon Musk. The federal jury found Altman, OpenAI and its president, Greg Brockman, not liable for Elon Musk’s claims that they unjustly enriched themselves and broke a founding contract made with Musk when founding the startup. The unanimous verdict, delivered after less than two hours of deliberation, is a stark rebuke of Musk and his lawyer’s claims that Altman “stole a charity” through his leadership of OpenAI. 8:38 Musk v Altman: tech bros at war over OpenAI – The Latest The jury’s decision, affirmed immediately by the judge’s dismissal of all charges, provides the AI firm with a stamp of approval for its for-profit plans, already in motion, and a clear path ahead to go public later this year at around a $1tn valuation. Musk’s demands that Altman be removed as CEO and that the for-profit arm of the company transfer about $150bn to the nonprofit arm would have jeopardized the blockbuster initial public offering. A delay to OpenAI’s financial bonanza may have been one of Musk’s goals. SpaceX – the centibillionaire’s mega-business that combines a titular rocket launching business, the satellite internet service Starlink, and OpenAI competitor xAI – is reportedly planning to go public in June. OpenAI’s plans now seem all but guaranteed, given that the world’s richest person couldn’t put a stop to them. Wall Street, ever wary of upheaval and uncertainty, is likely breathing a sigh of relief, said Sarah Kreps, a professor and director of the Tech Policy Institute at Cornell University. She called the r...
Protesters gathered in Bolivia's capital on Monday demanding the resignation of President Rodrigo Paz. Law enforcement officers deployed tear gas to control the crowds in La Paz as the latest demonstration formed part of weeks-long unrest within the country over economic pressures. Farmers, miners, teachers and indigenous communities were among thousands of protesters who took the street to call f...
Protesters gathered in Bolivia's capital on Monday demanding the resignation of President Rodrigo Paz. Law enforcement officers deployed tear gas to control the crowds in La Paz as the latest demonstration formed part of weeks-long unrest within the country over economic pressures. Farmers, miners, teachers and indigenous communities were among thousands of protesters who took the street to call for higher wages and an end to the privatisation of state-owned companies Video from the city showed protestors chanting, starting fires and throwing objects. Public prosecutor Attorney General Roger Mariaca said an arrest warrant would be issued for the head of the largest union COB - Mario Argollo - accusing him of terrorism and inciting protests against the government.
Statkraft has announced plans to significantly boost its investment in Norwegian hydropower, earmarking NOK 80 billion over the next decade. This investment represents a considerable increase from previous projections, aiming to upgrade and modernize many of Norway's largest hydropower plants and ensure their continued operation. The plan includes major maintenance, project upgrades, and new capac...
Statkraft has announced plans to significantly boost its investment in Norwegian hydropower, earmarking NOK 80 billion over the next decade. This investment represents a considerable increase from previous projections, aiming to upgrade and modernize many of Norway's largest hydropower plants and ensure their continued operation. The plan includes major maintenance, project upgrades, and new capacity developments crucial for meeting future electricity demands. While hydropower will account...
The United States market has remained flat over the last week, yet it has experienced a robust 24% rise over the past year, with earnings anticipated to grow by 17% annually in the coming years. In this environment, identifying growth companies with high insider ownership can be particularly appealing as it often signals confidence from those closest to the company's operations and prospects.
The United States market has remained flat over the last week, yet it has experienced a robust 24% rise over the past year, with earnings anticipated to grow by 17% annually in the coming years. In this environment, identifying growth companies with high insider ownership can be particularly appealing as it often signals confidence from those closest to the company's operations and prospects.
The image from last week’s state banquet at the Great Hall of the People told two stories at once. Tim Cook, Jensen Huang, and Elon Musk sat in the room as guests of the first U.S. presidential visit to China in nearly a decade. The same day, Xi Jinping warned that if the Taiwan issue ... Did the US-China Summit Make TSMC More Vulnerable?
The image from last week’s state banquet at the Great Hall of the People told two stories at once. Tim Cook, Jensen Huang, and Elon Musk sat in the room as guests of the first U.S. presidential visit to China in nearly a decade. The same day, Xi Jinping warned that if the Taiwan issue ... Did the US-China Summit Make TSMC More Vulnerable?
Key market opportunities lie in the growing adoption of humanoid robotics in industrial logistics, a focus on bridging investment and revenue disparities, and leveraging China's capacity growth strategy. Companies achieving commercialization, like UBTECH and Agility, highlight paths to market maturity. Commercial Humanoid Robotics Market Commercial Humanoid Robotics Market Dublin, May 19, 2026 (GL...
Key market opportunities lie in the growing adoption of humanoid robotics in industrial logistics, a focus on bridging investment and revenue disparities, and leveraging China's capacity growth strategy. Companies achieving commercialization, like UBTECH and Agility, highlight paths to market maturity. Commercial Humanoid Robotics Market Commercial Humanoid Robotics Market Dublin, May 19, 2026 (GLOBE NEWSWIRE) -- The "Commercial Humanoid Robotics Market, 2025-2030: Size, Readiness Assessment, an
TomasSereda/iStock via Getty Images Agnico Eagle Mines ( AEM ) said Tuesday it made a positive investment decision for its Hope Bay project in Nunavut, Canada, a project that has been praised by Prime Minister Carney' s government as an anchor for economic development in Canada's Arctic region. Agnico Eagle ( AEM ) said its preliminary economic assessment of the project contemplates an underground...
TomasSereda/iStock via Getty Images Agnico Eagle Mines ( AEM ) said Tuesday it made a positive investment decision for its Hope Bay project in Nunavut, Canada, a project that has been praised by Prime Minister Carney' s government as an anchor for economic development in Canada's Arctic region. Agnico Eagle ( AEM ) said its preliminary economic assessment of the project contemplates an underground mining operation supported by a 6K metric tons/day processing facility with estimated annual gold production of 400K-435K oz and an initial mine life of 11 years. The company said it estimates project development capital expenditures at ~C$2.4B (US$1.7B), including reconstruction of the processing facility, addition of a diesel generator power plant, mobile equipment, upgrades to the tailings facility, and ~33 km in underground development, with projected average all-in sustaining costs of $ 1,214/oz. In the initial phase, Agnico Eagle ( AEM ) expects the Hope Bay project to generate an after-tax internal rate of return of ~26% based on current gold prices of $4,500/oz and a C$/US$ exchange rate of 1.36. The Canadian government said it will contribute C$25M to develop a related wind power project that will add 4.2 MW of power for the mine, along with battery storage. " With expected annual production of over 400K oz and total cash costs below $1,000/oz, based on only half the declared mineral resources drilled, Hope Bay has the potential to evolve into a long-life, district-scale mining camp for decades to come," Agnico Eagle ( AEM ) President and CEO Ammar Al-Joundi said. The project also is expected to boost Canadian exports by C$2.6B annually and support ~2K jobs, "along with providing significant economic benefits to indigenous organizations and partners," according to the office of Tim Hodgson, Canada's minister of energy and natural resources. More on Agnico Eagle Mines Agnico Eagle Mines Shareholder/Analyst Call - Slideshow Agnico Eagle's Project Pipeline Will Prope...
San Diego authorities are investigating a deadly shooting at a mosque as a hate crime. And, Trump dropped his lawsuit against the IRS, paving the way for an "anti-weaponization fund." (Image credit: Zoe Meyers)
San Diego authorities are investigating a deadly shooting at a mosque as a hate crime. And, Trump dropped his lawsuit against the IRS, paving the way for an "anti-weaponization fund." (Image credit: Zoe Meyers)