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AI stock slump raises the question if investors are just taking profits or getting very nervous

Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Proponents of artificial intelligence see it as the next great revolution for the global ...
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US spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment

June 23 (Reuters) - The U.S. Federal Communications Commission said Thursday an auction of wireless mid-band spectrum raised more than $3.5 billion, which will largely be used to fund the replacement of Chinese telecom equipment. The FCC said up to $3.3 billion of the auction's ...
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Oil shock nicked US GDP but resilience was the message, Dallas Fed research finds

By Howard Schneider WASHINGTON, June 23 (Reuters) - Oil surging to more than $120 a barrel last spring cut about three-tenths of a percentage point from U.S. economic output, but the blow was a small fraction of what would have taken place from a similar ...
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Armani’s heirs carry the vision forward as the house faces its next chapter

MILAN (AP) - Giorgio Armani's legacy lived on during a runway show at his historic headquarters and home in the heart of Milan, followed by a casual dinner in the garden attended by celebrity friends and business associates alike. As the Giorgio Armani Foundation continues ...
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Justice Department withdraws subpoenas that sought reporters’ grand jury testimony, sources say

WASHINGTON (AP) - The Justice Department issued and then withdrew subpoenas that sought to compel reporters at The Washington Post and The Wall Street Journal to testify before a grand jury, according to people familiar with the matter. The Washington Post confirmed that one ...
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How a heat dome is formed and why experts blame one for Europe’s baking temperatures

Europe is sizzling under an early heat wave this week, with millions of people experiencing extremely high temperatures, and experts say a phenomenon known as a heat dome is to blame. Here's what to know. Heat domes are essentially high pressure systems that remain stationary for ...
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Vedanta’s CopperTech Metals targets $3.6 billion valuation in US IPO

June 23 (Reuters) - CopperTech Metals is targeting a valuation of up to $3.57 billion in its U.S. initial public offering, joining a wave of companies tapping the busy summer IPO market. The U.S.-domiciled copper and cobalt producer is seeking up to $423.5 million by ...
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Trump insists Iran has agreed to nuclear inspections

WASHINGTON, June 23 (Reuters) - U.S. President Donald Trump insisted on Tuesday that Iran has agreed to allow nuclear inspections long into the future, despite statements from Iran that it has not done so. "Iran has fully and completely agreed to highest level Nuclear inspections ...
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40 mayors worldwide endorse a pact to shape data center development

(AP) - Forty mayors from around the world have signed onto a pact announced Tuesday to try to shape how urban data centers are built and operated. It's their vision for how urban data center development can be done sustainably - and not at the ...
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PWHL executive says fast-paced growth reflects surging demand and is validated by new investors

PWHL executive Stan Kasten said the goal all along was to begin taking on outside investors once the league doubled in size in reaching 12 teams. The only flaw in the projection was Kasten - and most everyone else - never anticipating getting there after ...
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AI companies should release environmental impact, commit to clean energy, says UN chief

United Nations Secretary-General António Guterres on Tuesday called on artificial intelligence companies to release information about the carbon pollution they create, along with the water and land used to power their operations. While urging action in an address at London Climate Action Week, Guterres proposed ...
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Take this simple step as you approach retirement

An important job in the two or so years leading up to retirement-right up there with figuring out your healthcare coverage and winding down your work activities-is building up a cash cushion. In addition to being there as a source of funding when you ...
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