The Interior Department’s Bureau of Land Management said this week that it has advanced two transmission projects proposed by utility NV Energy that would facilitate the development and delivery of renewable energy in Nevada. The agency will initiate an environmental review of the Greenlink North project, which will span more than 450 miles to connect … Read more
A surprise deal between Ford Motor and Tesla on electric vehicle charging technology and infrastructure could put further pressure on other automakers’ EV strategies. Ford CEO Jim Farley and Tesla CEO Elon Musk announced the deal Thursday during a live audio chat on Twitter Spaces. RBC Capital analyst Tom Narayan said the Ford-Tesla deal could … Read more
Macau – often called the Las Vegas of Asia – has added another luxury casino to the Cotai Strip. And this time it’s a British theme called The Londoner Macao. From Big Ben to the Prime Minister’s residence at 10 Downing Street, visitors are transported to London on the Cotai Strip. Las Vegas Sands owns … Read more
JPMorgan Chase is developing a ChatGPT-like software service that relies on a disruptive form of artificial intelligence to screen clients’ investments, CNBC has learned. The company filed a trademark application for a product called IndexGPT earlier this month, according to a filing with the New York-based bank. “It’s an artificial intelligence program to pick financial … Read more
Following Nvidia’s (NVDA) incredible quarter and surge in forecasts, we think shares of the AI chip powerhouse can still rise 14% off their all-time highs over the next six to nine months. This is typically our time horizon for a Club price target, which we increase on Nvidia to $450 per share from $300. We … Read more
Virgin Galactic is set to launch its first spaceflight in nearly two years on Thursday. Called Unity 25, the mission represents the company’s fifth spaceflight to date and is the first since founder Sir Richard Branson’s launch to the far reaches of space. This is a crucial moment in the history of Virgin Galactic, which … Read more
“Today’s fossil fuel capital expenditures are now more than double the levels required in the net-zero emissions scenario by 2050,” the International Energy Agency said. Over the past few years, high-profile figures have made their sentiments known about fossil fuels. In June 2022, the UN Secretary General criticized new funding for fossil fuel exploration. Wind … Read more
TSA PreCheck and Global Entry are federal trusted traveler programs that typically speed up wait times at airport security or customs lines. The programs have received a record number of applications for membership and wait times for enrollment have increased in some cases, according to the US Department of Homeland Security. They make sense for … Read more
On Tuesday, S&P Global Ratings downgraded SoftBank’s rating to “BB” from “BB+” – where it considers a company’s credit rating to be “speculative” or “junk”. S&P Global Ratings says SoftBank’s Vision funds have high exposure to stocks of unlisted companies, which are more volatile due to the sale of Alibaba shares. “Over the past year, … Read more
People walk near the entrance to a Kohl’s department store on June 7, 2022 in Doral, Florida. Joe Raedle | Getty Images Shares of Kohl soared early Wednesday as the struggling retailer posted a surprise profit as it pursued a turnaround. Shares jumped more than 12% in premarket trading. The retailer reiterated its outlook for … Read more
