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International News

$20,000,000,000,000,000,000,000,000,000,000,000 Google fine ‘symbolic’ – Kremlin

November 5, 2024 Mariel Alumit

  The unspeakable sum should prompt the company to heed the demands of banned Russian broadcasters, Dmitry Peskov has said The staggering fine of $20 decillion Google now owes to Russian broadcasters who were banned […]

EU and US
Press

The EU and US should stand together on the Google adtech cases

November 5, 2024 Mariel Alumit

  The US and EU are poised to rule on a historic case on Google that could free our media and our digital markets from Google’s monopoly. They should align to tackle monopolistic practices, writes […]

Data centers
Electrical Generation / Utilities

Data centers account for half of US clean energy procurement but only 20% in Europe: report

November 1, 2024 Mariel Alumit

The rising energy demands of global data centers are driving shifts toward renewable power sourcing with US data centers accounting for half of total US corporate clean energy procurement, but only around 20% in Europe, […]

AI

Dimon’s Warning on Geopolitics

October 15, 2024 Andy Del Prado

Daily Standup Top Stories Dimon Issues Dire Warning About “Treacherous” Geopolitical Situation October 14, 2024 Mariel Alumit Jamie Dimon, CEO of JPMorgan Chase, has expressed concerns about the global economic outlook. He cited geopolitical tensions, particularly […]

AI

Google Backs Buildout of Small Nuclear Reactors in Kairos Deal

October 14, 2024 Stu Turley

Alphabet Inc.’s Google is investing in the development of the next generation of nuclear power, backing a company that’s building small modular reactors and agreeing to purchase energy once the sites start supplying US grids. […]

Court
Press

Top EU Court annuls a €1.49 billion fine on Google

September 18, 2024 Stu Turley

  The European Union’s General Court annulled the European Commission’s €1.49 billion fine on Google for anticompetitive behaviour with its AdSense product on Wednesday (18 September), leaving the Commission just over two months to appeal. […]

Stocks
Finance

Rate Cut Mania Now Crushing Stocks after Whipping Stocks into Frenzy or Whatever. Mag 7 Down $2.5 Trillion from Peak, Nasdaq Bloodied, Semis Crushed

September 7, 2024 Stu Turley

A 4% drop will put the Nasdaq back to Nov 2021. Amazon, Tesla, and Alphabet already back where they’d been 3 or 4 years ago. Nvidia -24% from peak. By Wolf Richter for WOLF STREET. Rate cuts are […]

AI

Oil Demand Rising 1.6 Million Bpd

August 7, 2024 Andy Del Prado

Daily Standup Top Stories Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024 August 6, 2024 Mariel Alumit Saudi Aramco’s CEO has forecast a strong increase in global oil demand […]

Investors
AI

How Investors Are Capitalizing on AI’s Insatiable Appetite for Energy

August 6, 2024 Mariel Alumit

AI data centers’ rising electricity demand prompts investors to buy power utility stocks, anticipating generational demand growth. Power utilities stand to benefit from the AI boom as they secure reliable electricity for consumers amid increasing […]

AI

Big Tech’s Net Zero Struggle

July 23, 2024 Andy Del Prado

Daily Standup Top Stories China’s banking turmoil: 40 banks vanish as crisis deepens July 22, 2024 Mariel Alumit The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the […]

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