Latest in Booms Busts Derrick
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Jim Cramer explains why fossil fuels remain vital as the Big Tech boom continues
CNBC's Jim Cramer noted Big Tech's growing energy demands, with companies like Meta, Nvidia, Google and Microsoft building more and more data centers.Business - CNBC - October 24 -
Tech boom forces US funds to dump shares to avoid breach of tax rules
Asset managers including Fidelity and T Rowe Price are bumping up against limits on size of large holdingsWorld - Financial Times - October 25 -
NFL punt of the year? Jaguars' Logan Cooke booms 73-yarder that pins Packers at their 2-yard line
The Jaguars punter had what could be the punt of the year, booming a 73-yard kick that pinned the Packers back at their 2-yard line.Sports - Yahoo Sports - October 27 -
AI boom thrusts Europe between power-hungry data centers and environmental goals
The growth in demand for AI could come at a cost to Europe's decarbonization goals as the specialized chips used by firms like Nvidia are expected to result in a rise in energy use of already ...Business - CNBC - October 29 -
We're hiking our price target on an industrial whose earnings benefit from AI data center boom
Given Eaton stock's year-to-date outperformance, it's not too surprising to see some profit taking on the mixed print.Business - CNBC - 4 days ago -
‘No social life, no plans, no savings’: Americans aren’t reaping benefits of booming US economy
While some were optimistic about stabilizing costs, others told the Guardian high prices continue to squeeze finances. Experts seem to agree the US economy has been on the upswing in 2024. A wave ...World - The Guardian - Yesterday