Technology
June 18, 2024
43 views 3 mins 0

US unveils rules for subsidies to boost clean energy wages

(Reuters) – President Joe Biden’s administration on Tuesday unveiled final rules for new clean energy subsidies in an effort to make jobs and wages in green industries competitive with those in oil and gas. The guidelines for companies seeking to claim tax credits tied to job quality are aimed at delivering on Biden’s vision that […]

Technology
June 18, 2024
43 views 6 mins 0

Here’s how AI is transforming Disney, Spotify, and TikTok

AI arrives in the French Riviera. The annual Cannes Lions advertising confab officially kicked off Monday on the sunny beaches and posh backrooms of Cannes, France. And as no surprise, the speed of AI development and innovation was on the tip of the tongue for most advertising and marketing pros Yahoo Finance chatted up. If […]

Technology
June 18, 2024
24 views 4 mins 0

Mexico Payment Unicorn Clip Raises $100 Million in Funding Round

(Bloomberg) — Mexico’s payments startup Clip has raised $100 million from Morgan Stanley Tactical Value and another West Coast investor. Most Read from Bloomberg The investment will be used to continue growing in its home market of Mexico, said Clip Founder and Chief Executive Officer Adolfo Babatz in an interview. The investment keeps the valuation […]

Technology
June 18, 2024
7 views 2 mins 0

Steve Cohen’s Point72 Readies New Hedge Fund Targeting AI Stocks

(Bloomberg) — Steve Cohen’s Point72 Asset Management is seeking to raise about $1 billion for a new stock-picking hedge fund focused on artificial intelligence, according to people familiar with the matter. Most Read from Bloomberg The fund will bet on and against AI hardware and semiconductor companies globally and will be the firm’s first new […]

Technology
June 18, 2024
35 views 7 mins 0

Farmers’ financial pain spills from Kansas wheat fields to Main Streets

By Heather Schlitz SMITH CENTER, Kansas (Reuters) – In a tiny town surrounded by miles of rippling wheat fields, Brady Peterson’s restaurant sits nearly empty during what should be a Saturday lunch rush. Normally, Pete’s would be filled with farmers ordering fried chicken and cheeseburgers, but as farm income thins, so does Peterson’s business. Sluggish […]

Technology
June 18, 2024
33 views 7 mins 0

Morning Bid: New highs as retail eyed, Europe calms

A look at the day ahead in U.S. and global markets from Mike Dolan Tech-led Wall Street stocks have sailed to new records again this week, with Tuesday expected to see retail sales return to growth and as nervy European markets calmed for a second day. The relentless outperformance of U.S. tech megacaps on the […]

Technology
June 18, 2024
35 views 46 secs 0

Nidec sees AI-related business expanding to more than $6 billion

TOKYO (Reuters) – Japanese electronic motor maker Nidec sees its business in water-cooling modules for generative artificial intelligence data centres expanding to 1 trillion yen ($6.32 billion) in sales. That compares to the 40 to 50 billion yen in sales of cooling modules for AI servers that Nidec is aiming for in the year to […]

Technology
June 18, 2024
38 views 2 mins 0

Oil and corn groups team up in lawsuit to halt Biden truck emissions rules

(Reuters) – The top U.S. oil and corn industry lobby groups said on Tuesday they were suing the administration of President Joe Biden over its plan to slash planet-warming emissions from heavy-duty vehicles, arguing the regulations will cause economic harm. The U.S. Environmental Protection Agency this spring finalized new rules for models of semi-trucks, buses […]

Technology
June 18, 2024
5 views 4 mins 0

Oil and corn groups team up against Biden’s tailpipe emissions rules

(Reuters) – The top U.S. oil and corn industry lobby groups said on Tuesday they were suing President Joe Biden’s administration over its plans to slash planet-warming tailpipe emissions from cars and trucks, arguing the regulations will cause economic harm. The U.S. Environmental Protection Agency this spring finalized new rules for models of semi-trucks, buses […]

Technology
June 18, 2024
28 views 9 mins 0

TikTok Challenges Congress’s Secrecy on Alleged Security Threat

(Bloomberg) — US lawmakers raced to pass a TikTok ban following a series of briefings that remain classified. Now, the app’s Chinese owner is seizing on that secrecy in its high-stakes bid to overturn the new law. Most Read from Bloomberg By June 20, ByteDance Ltd must lay out its reasons for bringing the lawsuit. […]

Technology
June 18, 2024
29 views 49 secs 0

Amazon Union Allies With Teamsters in Big Labor Advance

(Bloomberg) — Union members at Amazon.com Inc. have voted to hook up with one of the largest US labor groups, a partnership that could help pressure the e-commerce leader in staff contract negotiations. Most Read from Bloomberg About 98% of the Amazon Labor Union voted in favor of linking with the International Brotherhood of Teamsters, […]

Technology
June 18, 2024
51 views 3 mins 0

Singapore’s Temasek to sell Pavilion Energy to Shell

By Florence Tan and Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s global investment company Temasek said on Tuesday it has agreed to sell 100% of its shares in liquefied natural gas (LNG) trading firm Pavilion Energy to Shell. The announcement confirmed a Reuters’ report last Thursday saying Temasek was finalising the Pavilion Energy sale to Shell […]