Author: franperez66q@protonmail.com
Shares of memory chip maker Seagate slipped more than 8% Monday, leading a group-wide sell-off, after comments from CEO Dave Mosley raised concerns that it won’t be able to meet the soaring demand fueled by the artificial intelligence buildout.Mosley was asked at a JPMorgan conference on Monday what it would take to add unit or floor capacity to produce more chips in Seagate’s factories.”If we took the teams off and started building new factories or bringing up new machines, that would just take too long. You would end up with more capacity, but then you’d slow the rate of growth…
NextEra plans to buy Dominion Energy for $66.8 billion, form biggest US power company as AI demand booms Source link
A thousand years ago, the ancestors of today’s Barkindji people carefully buried a dingo (or garli, in the Barkindji language) in a mound of shells. Archaeologists recently studied the burial in what’s now New South Wales, Australia. They found that the Barkindji ancestors had buried the dingo with the same care and ceremony as any beloved human member of the community and looked after the grave for centuries. The burial reveals that dingoes were, as Australian Museum and University of Sydney archaeologist and study co-author Amy Way puts it, “deeply valued and loved” by ancient people in Australia. The long-lost…
US President Donald Trump (R) gestures as he poses for photos with China’s President Xi Jinping during a visit to Zhongnanhai Garden in Beijing on May 15, 2026. Evan Vucci | Afp | Getty ImagesPresident Donald Trump has returned stateside and so has his administration’s focus, even as the Iran war and the aftermath of his China trip remain front-burner issues.Trump and his top officials are fanning out across the U.S. this week for events aimed at touting his domestic achievements — a notable pivot after major foreign policy matters in Iran, China, Cuba, Venezuela and elsewhere have dominated headlines…
JPMorgan summer reading listCourtesy: JPMorganThe latest JPMorgan Summer Reading List, an annual favorite among the wealthy, includes books on artificial intelligence, longevity, Keith Haring and lemon recipes.The list is compiled each year with suggestions from JPMorgan client advisors around the world and has become a popular guide for the wealthy looking for good summer beach reads. This year’s list includes 14 titles, reflecting the top issues and concerns of its clients. AI tops the list, with two books on the topic. Sebastian Mallaby’s “The Infinity Machine” profiles Google DeepMind CEO and co-founder Demis Hassabis and the battle for AI breakthroughs.…
Jury reaches verdict in Elon Musk lawsuit against OpenAI, judge says Source link
Elon Musk stands in an elevator to attend the trial in his lawsuit over OpenAI for-profit conversion at a federal courthouse, in Oakland, California, U.S., April 30, 2026. Manuel Orbegozo | ReutersAfter less than two hours of deliberations, a jury rejected Elon Musk’s claims against OpenAI CEO Sam Altman, ending a dramatic chapter in the bitter rivalry between the two tech billionaires, who were once close friends. The court, led by U.S. District Judge Yvonne Gonzalez Rogers, agreed with the advisory jury’s determination that Altman and OpenAI were not liable, and that “claims of breach of charitable trust and unjust…
Reform UK has insisted the £5m party leader Nigel Farage received in April 2024 from crypto-billionaire Christopher Harborne was a gift. Source link
Billionaire investor Warren Buffett hinted in March that Berkshire Hathaway had made a small addition to its portfolio. A new regulatory filing may have just revealed what he was referring to.When asked in March whether Berkshire was still putting money to work, Buffett said the conglomerate had made “one tiny purchase” but was still struggling to find attractive opportunities. “Got one tiny purchase, but we aren’t finding things that — we weren’t finding them before,” Buffett said at the time in an interview with CNBC’s Becky Quick.A regulatory filing released Friday showed Berkshire initiated a roughly $55 million position in…
Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty ImagesPresident Donald Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a ceremony Friday, a White House official told CNBC.The move will end a process that started in the summer of 2025 and culminated last week with the Senate confirming Warsh in a nearly total party-line vote. The new chair will succeed Jerome Powell, whose…