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Business

“Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power”

“The Global Artificial Intelligence Infrastructure Investment Partnership is initially looking to raise $30 billion for new and existing data centers. The fundraising, which could total $100 billion, will also be used to invest in the energy infrastructure needed to power… Continue Reading…

Economy

“Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition”

“Canada on Monday said would impose 100% import tariffs on China-made electric vehicles, as well as a 25% tariff on steel and aluminum imports from China. Canada said its EV, steel and aluminum industries face “unfair” competition from China, and… Continue Reading…

Banking, Business

“Wall Street banker’s death at 35 ignites firestorm over alleged grueling 100-hour work weeks”

“The death of a Bank of America associate last week has ignited a firestorm on Wall Street as some bankers slam the toxic work culture they feel contributed to his death — including reported complaints over 100-hour work weeks. Leo… Continue Reading…

Stocks

“Wayfair shares surge after furniture retailer cuts losses by more than $100 million”

“Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday… Wayfair shares closed more than 16% higher Thursday. The company’s reported net… Continue Reading…

Business

“Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand”

“Longtime mall retailer Express filed for Chapter 11 bankruptcy protection in Delaware federal court on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it.  Express, whose portfolio includes its… Continue Reading…

Banking, Economy

“The U.S. national debt is rising by $1 trillion about every 100 days”

“The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark… Continue Reading…

Stocks

“Wall Street Sees 100% Upside for This Artificial Intelligence (AI) Stock No One Is Talking About”

“…Pagaya stock is up 46% during the past year, and at the current price, it trades at a price-to-sales ratio of 1.4. That’s a bargain for a high-growth stock with serious disruptive opportunity. The average Wall Street analyst forecast for… Continue Reading…

Stocks

“Dow rises more than 100 points to close above 38,000 for the first time ever…”

“…The Dow Jones Industrial Average climbed 138.01 points, or 0.36%, to finish at 38,001.81. Monday’s gains pushed the blue-chip average to a new record and above the 38,000 level for the first time. The S&P 500 added 0.22% to 4,850.43, also reaching a fresh… Continue Reading…

Stocks

[Prediction?] ” Companies Will Propel Profit More Than 100% Next Year: Analysts”

“Seven companies, including health care play Merck (MRK), industrial Stanley Black & Decker (SWK) and Estee Lauder (EL), are poised to post 2024 adjusted earnings per share that’s 100% or more higher than this year’s, says an Investor’s Business Daily analysis of data from S&P Global… Continue Reading…

Business

“Wood-delivery startup Wonder Group gets $100 million investment from Nestle”

“Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment and prepared ingredients to businesses such as hotels, hospitals and sports arenas. The deal includes a $100 million investment from Nestle,… Continue Reading…