Virco Mfg EVP Douglas Virtue buys $48,503 of company stock
Virco Mfg EVP Douglas Virtue buys $48,503 of company stock
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Meet the Humanoid Robot That Delivered the World Cup Match Ball
The World Cup is delivering drama, controversy, and halftime entertainment straight out of science fiction. Sunday’s showdown between Brazil and Norway featured a surreal cameo from Atlas, the humanoid robot built by US robotics firm Boston Dynamics. The ultra-flexible robotic biped kicked off the second half of the game, which Norway won 2-0, by handing…
Constellation Energy: a smart play on the AI energy race
Baltimore-based Constellation Energy, a $90 billion company, generates electricity on a vast scale. And AI’s voracious appetite means that electricity is now becoming a very valuable commodity, and the companies that can generate it reliably, cleanly and at scale will see a lot more attention than they’re currently getting. Investors have re-priced entire industries, assuming…
Airbnb Buys Opulent NYC Office As It Battles Short-Term Rental Ban
Airbnb is reestablishing its New York foothold with an $81.5M purchase of a Gramercy Park office building, acquiring a property so lavish it feels less like a workplace than one of the company’s luxury rental listings. Courtesy of RFR The Church Missions House at the southeast corner of Park Avenue South and East 22nd Street…
Schroders to sell Benchmark to Söderberg & Partners
Schroders will become a long-term asset management partner to Söderberg & Partners. Credit: DCStockPhotography/Shutterstock.com Schroders has agreed to sell Benchmark, its UK integrated financial advice business, to Söderberg & Partners. The transaction marks another step in the asset manager’s plan to reshape its wealth management operations. Access deeper industry intelligence Experience unmatched clarity with a…
US stocks today: S&P 500, Nasdaq end lower as AI worries hit chipmakers
The S&P 500 ended lower on Tuesday, weighed down by losses in Micron Technology and other chipmakers due to mounting doubts about the sustainability of Wall Street’s AI-driven rally. Chip stocks in Asia and the United States dropped after memory chip giant Samsung Electronics’ blowout earnings report failed to satisfy investors with sky-high expectations. Micron…
Rate hike fears resurface as Fed minutes reveal split committee
Warsh also announced five task forces to review the Fed’s operations, including one focused on communications, though the minutes noted that only “some participants commented that they welcomed the opportunity to review the Committee’s communications tools and practices.” The updated dot plot of individual rate projections tilted narrowly toward one hike this year. Nine of…
