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AI boom in data centers has top tech companies spending more than major oil companies on capex

Four biggest tech ‘hyperscale’ cloud companies expected to spend almost $200 billion annually in 2025

Target saw strong foot traffic in 2023 but a sharp dip in January, research says

Target Corp., which reports its fourth-quarter results on Tuesday morning, enjoyed strong foot traffic to its stores in 2023 before seeing a dip in January, according to data from analytics company Placer.ai.

Why is Elon Musk suing Open AI and Sam Altman? In a word: Microsoft.

Potential ramifications extend far beyond the courtroom.

One reason for the stock market’s meteoric rally: Expectations that AI will stay unregulated

With political gridlock becoming the norm in Washington, Big Tech is less likely to face anti-monopoly threats.

Why Jason and Travis Kelce could be the next $100 million podcasters

Jason Kelce just retired from the NFL, where he made over $80 million playing for the Philadelphia Eagles

Nasdaq has gone more than 300 days without a major pullback. Does that mean a shakeout is overdue?

While this doesn’t necessarily mean the artificial-intelligence-driven boom in U.S. stocks is ripe for a selloff, Krinsky thinks the market is overdue for a bout of volatility.

GitLab’s weak earnings guidance is punishing its stock

GitLab Inc.’s stock dropped 12% in after-hours trading Monday after the company posted quarterly results that topped analysts’ estimates but issued weak guidance.

2-year Treasury yield notches biggest one-day jump in over 2 weeks as investors look ahead to Powell’s testimony, labor-market data

Bond yields climbed on Monday while traders awaited Fed Powell’s congressional testimony and a fresh slew of labor-market data due later this week.

Nine largest U.S. banks can handle their ‘problematic’ exposure to office real estate, S&P says

While those banks face headwinds, they’re large enough to absorb any potential impact, analysts say

Why the bull market in stocks may need some bad economic news to keep climbing

The bull market in U.S. stocks needs a dose of bad economic news to continue pushing higher, according to Marko Papic, chief strategist at the Clocktower Group.

Norfolk Southern slams activist calling for CEO’s firing following train derailment

Norfolk Southern Corp. has slammed the activist investor calling for the firing of the railroad operator’s CEO after a derailment Saturday in eastern Pennsylvania involving three of the company’s trains.

AMD’s stock continues its march higher as AI cheers build

AMD projects it will generate upwards of $3.5 billion in revenue this year from data-center GPUs. Barclays is feeling even more upbeat.
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