A new BlackRock deal could wisely position the asset manager to capitalize on surging demand for power as the generative AI boom shows no signs of slowing down. The news Global Infrastructure Partners (GIP), the infrastructure fund manager purchased by BlackRock, is nearing a $38 billion deal to acquire renewable power company AES , according to…
Rafael Henrique | Lightrocket | Getty Images Attorneys general from five states sued Zillow and Redfin on Wednesday, alleging the companies schemed to stop competition in the online housing rental market. The lawsuit follows a similar one filed by the Federal Trade Commission on Tuesday. Officials from New York, Arizona, Connecticut, Washington and Virginia jointly…
Longtime investor Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and risks rise, a stage of the cycle that Warren Buffett had warned about. The chair and CEO of the Omega Family Office read a quote from the “Oracle of Omaha” on CNBC’s “Money Movers” Wednesday,…
These are some of the stocks posting the largest moves midday. <
President of Microsoft North America Judson Althoff speaks on stage during We Day at KeyArena on April 23, 2015 in Seattle, Washington. Mat Hayward | Getty Images Microsoft‘s top-ranking sales leader, Judson Althoff, has been promoted to a bigger role as CEO of the company’s commercial business. Satya Nadella, Microsoft’s CEO, wrote in a memo…
ROME — Italy’s art police on Wednesday seized 21 artworks purportedly by Salvador Dalí on suspicion they were forgeries, after being tipped off by the Surrealist’s foundation in Spain about suspected anomalies in the works. The works were part of an exhibition, “Salvador Dalí, tra arte e mito” (Salvador Dalí, between art and myth”) that…
Will we see some teams, including the New York Yankees, already make their postseason exit? The Wild Card Series continues with a full slate of games on Wednesday, starting with the AL Central champion Cleveland Guardians looking to stay alive against the Detroit Tigers (1 p.m. ET). The same goes for the San Diego Padres,…
The Trump administration has frozen about $18 billion for two major infrastructure projects in New York City to ensure that funding is not “flowing based on unconstitutional DEI principles,” a top official said Wednesday. The funding is earmarked for the Hudson River Tunnel Project and the Second Avenue Subway project, said Office of Management and…
The timing of Neptune Insurance Holdings’ IPO couldn’t be more opportune. Neptune, the nation’s largest private flood insurance, debuts on the New York Stock Exchange Wednesday under the ticker symbol “NP.” The company sold more than 18 millions shares in its initial public offering at $20 apiece. The company’s first trade comes just as the…
Yusuf Mehdi, executive vice president and consumer chief marketing officer at Microsoft, speaks at a company briefing in Redmond, Wash., on May 20, 2024. Microsoft unveiled a new category of PC that features generative artificial intelligence tools built into Windows, the company’s world-leading operating system. Jason Redmond | AFP | Getty Images Microsoft said Wednesday…
