Tag: social media

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xAI's Colossus Supercomputer Raises Health Questions in Memphis

Elon Musk's AI startup xAI plans to continue using 15 gas turbines to power its "Colossus" supercomputer in Memphis, Tennessee, raising health concerns due to the turbines' emissions of hazardous air pollutants.

Texas Port Wins Approval to Ship 1 Million Barrels of Oil a Day

Biden administration approves controversial Texas port that can ship 1 million barrels of oil a day.

Meta Stock Surges to Record High, Extending Historic Winning Streak

Meta Platforms surges 20% in February, outperforming Big Tech peers amidst AI spending plans and layoffs.

Trump's Move to Reciprocal Tariffs: A Pivot or Temporary Pause?

New Reciprocal Tariffs: Trump Administration Re-evaluates Universal Tariffs

Massive HUD Cuts: 50% of Employees to Lose Jobs as Trump Slashes Federal Workforce

Hundreds of thousands of federal government workers are being laid off and 50% of HUD staff are expected to lose their jobs. Other departments, including those responsible for housing and employment discrimination probes, market data, affordable housing and disaster assistance, will lose 75% of their workforce.

Coinbase Earnings: Stock Falls Despite Mixed Guidance

Coinbase beat earnings expectations but gave mixed guidance. Analysts are bullish on Coinbase's long-term prospects due to tailwinds from higher bitcoin prices and a favorable regulatory backdrop.

Retail Sales Slip More Than Expected in January

Retail sales saw a 0.9% decline in January, impacted by the post-holiday lull and winter weather. Economists had expected a decline of only 0.2%, making this the largest month-over-month drop since January 2024. Sales excluding auto and gas fell 0.5%, while sporting goods and hobby sales saw a decline of 4.6%.

Walgreens Retains Perella, AlixPartners on VillageMD Strategy

Walgreens Considers Sale or Restructuring of VillageMD Business; Hires Advisors

Asia Stocks, Treasuries Rise After Trump Reconsiders Tariffs

Global stocks, Treasuries rise after Trump's reciprocal tariff announcement, dollar falls. Tesla, Nvidia surge, PPI data shows signs of easing inflation risks.

Wynn Resorts Beats Estimates, Shares Rise

Wynn Resorts beats profit, revenue estimates, shares gain; MGM also impresses