Microsoft has recently entered into a groundbreaking agreement with Brookfield Asset Management to invest over $10 billion in renewable energy capacity. This investment is aimed at meeting the increasing demand for artificial intelligence and data centers to support the tech giant’s operations. The deal involves Brookfield delivering 10.5 gigawatts of renewable energy to Microsoft between
As mortgage rates continue to rise, consumers are searching for ways to lower their monthly payments. One popular option that is gaining traction is the adjustable-rate mortgage (ARM). Although ARMs offer lower interest rates than fixed-rate mortgages, they are often perceived as riskier due to their unpredictable nature. Despite these concerns, the share of ARM
The Biden administration recently announced a monumental decision to forgive over $6.1 billion in student debt for more than 300,000 former students of The Art Institutes. This move comes after a thorough review of evidence provided by the attorneys general of Iowa, Massachusetts, and Pennsylvania, which highlighted the deceptive practices carried out by the schools
With the recent rise in inflation, it seems that higher interest rates are here to stay for the foreseeable future. This development may have a significant impact on individuals looking to earn returns on their cash savings. According to Greg McBride, chief financial analyst at Bankrate, the current environment offers some of the best opportunities
Super Micro shares experienced a significant decline of up to 15% in after-hours trading following the release of its fiscal third-quarter results. Despite providing a positive outlook for its top-line growth, the server maker’s revenue fell slightly below expectations. The company reported an adjusted earnings per share of $6.65, surpassing the $5.78 expected by analysts.
In the world of stocks and trading, there are constant fluctuations and changes that can have a significant impact on companies’ valuations. Amazon recently reported an impressive earnings report, with shares gaining nearly 2% after beating expectations on both top and bottom lines. On the other hand, Starbucks faced a different fate, with shares slipping
In a bid to bring back the iconic “Roundball Rock” theme song to the National Basketball Association (NBA) games, NBCUniversal has made an offer that averages $2.5 billion per year to acquire NBA rights. The bid comes after NBC lost the rights to Disney 22 years ago and now seeks to once again be part
Amazon is set to reveal its first-quarter earnings after the market close on Tuesday. Analysts are anticipating earnings per share to be around 83 cents, with revenue expected to reach $142.5 billion. The tech giant’s financial report will also shed light on other crucial figures, such as Amazon Web Services revenue of $24.5 billion and
The housing market continues to experience strong demand and limited supply, leading to a significant increase in home values. According to the S&P CoreLogic Case-Shiller national home price index, home prices in February rose by 6.4% year over year, marking the fastest rate of price growth since November 2022. The 10-city composite also saw a
The U.S. Department of the Treasury recently announced that Series I bonds will offer a 4.28% annual interest rate from May 1 through October 2024. This rate is linked to inflation and represents a decrease from the 5.27% annual rate offered since November. Current owners of I bonds will also see their rates adjust based