Author: Editor-In-Chief
Two U.S. senators on Thursday delivered the latest salvo in an increasingly active front against data centers and their energy use. Sens. Josh Hawley and Elizabeth Warren sent a letter to the U.S. Energy Information Administration (EIA) asking it to collect details about energy use from data centers and how that use impacts the power grid. In a letter seen by TechCrunch, the senators asked the EIA to “establish mandatory annual reporting requirements for data centers and other large loads,” the senators wrote in the letter. “As electricity demand growth continues to accelerate after years of relative stagnation, the lack…
Check out the companies that made headlines after the bell: MillerKnoll — Furniture stock fell 17%. MillerKnoll’s fiscal third quarter adjusted earnings were $926.6 million, or 43 cents. This reflects a 2% decline in adjusted earnings and a 6% increase in revenue year over year. The company warned that the fourth-quarter impact related to the Middle East conflict would be approximately $8 million to $9 million due to minimal shipments to the region and higher logistics costs. CULLMAN — Shares rose slightly after the aerospace and defense company reported fourth-quarter earnings of 11 cents per share, but below the 12…
Meta CEO Mark Zuckerberg delivers the keynote speech at the MetaConnect annual event held at the company’s headquarters in Menlo Park, California, on September 25, 2024.Manuel Orbegoso | ReutersMeta Inc. is increasing its spending commitment more than sixfold to $10 billion for its upcoming AI data center in West Texas, with the goal of reaching 1 gigawatt of capacity by the time the facility becomes operational in 2028, the company announced Thursday.Meta said the data center being built in El Paso will create 300 new jobs and will require more than 4,000 construction workers at peak times. The company also…
Federal Reserve Chairman Jerome Powell attends a meeting of the Board of Governors of the Federal Reserve System on March 19, 2026 in Washington, DC. Kevin Dietch | Getty ImagesThe Federal Reserve’s Board of Governors asked a judge to deny a request by prosecutors to reconsider a recent decision to suppress a subpoena issued in the criminal investigation into Fed Chairman Jerome Powell’s costly renovations to the central bank and his testimony to Congress about it.In a court filing released Thursday, Fed lawyers told Judge James Boasberg that the U.S. Attorney’s Office for the District of Columbia fell even short…
A US judge has said he will not dismiss drug trafficking and weapons possession charges brought against former Venezuelan President Nicolas Maduro and his wife, Cilia Flores.But in a court hearing Thursday, Judge Alvin Hellerstein questioned whether the U.S. government had the right to bar Venezuela from funding Maduro’s legal costs.Recommended stories list of 3 itemsend of listThe hearing was the first for Mr. Maduro and his wife since his brief arraignment in January, where he pleaded not guilty.Mr. Maduro and Mr. Flores have called for the charges to be dropped. Hellerstein refused, but pressed prosecutors on some of the…
Manager Thomas Tuchel said he needed to “clear the air” with his England team-mates as he defended Ben White’s call-up of the Arsenal defender after his self-imposed exile.White did not play in any group stage matches and has withdrawn from the 2022 World Cup in Qatar due to personal reasons. He declined Gareth Southgate’s call-up for the March 2024 international break after disagreements with then-assistant manager Steve Holland. However, he has made it clear to Tuchel that he is open to selection again and was called up to the camp as a replacement for the injured Jarrell Quansah. England will…
OpenAI has put the kibosh on yet another project, at least for the time being. On Thursday, the Financial Times reported that the AI company is suspending plans to develop an “erotic” mode for ChatGPT “indefinitely.” The idea of an “adult mode”, first proposed by CEO Sam Altman in October, generated considerable controversy from technology watchdog groups and OpenAI’s own staff. The Wall Street Journal previously reported that a heated meeting between company executives and its board of advisors in January led to one advisor warning that OpenAI may be developing a “sexy suicide coach.” Amid all the criticism, the…
Traders work on the floor of the New York Stock Exchange during morning trading on March 25, 2026 in New York City. Michael M. Santiago | Getty Imagesof S&P500 Stocks fell on Thursday, weighed down by rising oil prices, as traders closely monitored recent developments in the Middle East.The market-wide index fell 1.5%. Nasdaq Composite It decreased by 2.1%. of Dow Jones Industrial Average It fell by 435 points (0.9%).Oil prices rose on Thursday, weighing on stock prices. brent futures Prices soared 5% to more than $108 per barrel. West Texas Intermediate Futures It rose 5% to over $94.Both the…
Metaplatform’s slump has been exacerbated by two social media court losses this week, which could present a buying opportunity. Meta shares fell more than 8% on Thursday after a Los Angeles jury late Wednesday found the company (and Google’s YouTube) negligent in a lawsuit brought by a woman who said she became addicted to the app as a child. A total of $6 million in damages was awarded, of which Meta was to pay 70%. On Tuesday, a jury in Santa Fe, New Mexico, found Meta liable for $375 million in civil damages for violating the state’s consumer protection law.…
Amphibious warships, landing craft, and thousands of Marines and sailors are being sent to the region despite US President Donald Trump’s declaration that the “war is won” with Iran. The deployment has fueled speculation about whether the United States plans to seize Kharg Island, a coral reef off Iran’s coast and an economic lifeline for Tehran that handles about 90% of the country’s oil exports. Even if the US were to succeed in seizing the small but strategic island, experts question whether it would have enough influence to force Iran to reopen the Strait of Hormuz as the global energy…