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Energy Transition Update - Statkraft's Bold NOK 80 Billion Investment in Norwegian Hydropower
Simply Wall St.95d agobearish
Energy Transition Update - Statkraft's Bold NOK 80 Billion Investment in Norwegian Hydropower

Statkraft has announced plans to significantly boost its investment in Norwegian hydropower, earmarking NOK 80 billion over the next decade. This investment represents a considerable increase from previous projections, aiming to upgrade and modernize many of Norway's largest hydropower plants and ensure their continued operation. The plan includes major maintenance, project upgrades, and new capacity developments crucial for meeting future electricity demands. While hydropower will account...

Tech Weekly: data center deals, Meta's major job cuts
Reuters Videos95d agobearishVIDEO
Tech Weekly: data center deals, Meta's major job cuts

<body><p>STORY: From data center deals to Meta's major job cuts, this is Tech Weekly.</p><p>:: Tech Weekly</p><p>Google and Blackstone announced on Monday they’re forming an AI cloud business venture.&nbsp;</p><p>They’re aiming to capitalize on robust demand for AI data centers.&nbsp;</p><p>Major asset manager Blackstone will invest an initial $5 billion.</p><p>This will help bring 500 megawatts of data center capacity online in 2027, with further expansion planned over time.&nbsp;</p><p>The total investment value could reach $25 billion, including leverage, according to Bloomberg News.</p><p>Tesla’s Elon Musk expects fully self-driving cars without human safety monitors will soon be nationwide in the U.S.&nbsp;</p><p>"We already have some vehicles operating with no people inside and no safety monitors in three cities in Texas and what probably will be widespread in the U.S. by later this year and hopefully in Israel too."</p><p>Tesla, which has faced slowing vehicle sales, operates robotaxis in Austin, Dallas and Houston.</p><p>But when Reuters tested it, it was plagued with long wait times, no availability or incorrect drop off spots for riders.&nbsp;</p><p>Yet, Musk remains positive that cars with no humans will be ubiquitous within a decade.</p><p>Samsung Electronics and its South Korean union have narrowed some differences in talks, a mediator said on Tuesday.</p><p>Pressure’s mounting from the government and business groups to avoid an imminent and damaging strike.&nbsp;</p><p>The two sides are seeking to hash out a deal on bonus payments before nearly 48,000 workers walk off the job for 18 days on Thursday.</p><p>Samsung accounts for almost a quarter of Sourth Korea’s exports.</p><p>And a strike of that magnitude and length has the potential to inflict significant damage on the economy.&nbsp;</p><p>Samsung’s also the world’s largest memory chip maker and production disruptions could dent global supply during the AI boom.&nbsp;</p><p>Meta’s planning to lay off 10% of its employees this week as it surges its AI investments.&nbsp;</p><p>The tech giant said in a memo to staff that workforce cuts would be accompanied by organizational changes aimed at improving AI workflows.&nbsp;</p><p>It said the company plans to move 7,000 employees to new initiatives related to AI workflows and slash managerial roles.</p><p>The changes are part of a far-reaching overhaul planned at Meta this year, as it looks to center AI agents in both product offerings and internal work.&nbsp;</p><p>A robot bricklayer could help address a shortage of skilled workers, according to one of its developers...</p><p>by automating one of the most repetitive and physically demanding roles on building sites.</p><p>Founder and CEO of JT Lifestyle Homes, Dr Jan Telensky:</p><p>"When I did the survey the average age of a bricklayer in UK is 46 years, which means, and nobody is learning it. So in 20 years time who is going to build the houses if you need a bricklayer?"</p><p>His solution is WLTR, the Wall Laying Terra-Based Robot, known simply as 'Walter.</p><p>He added that the robot can do the work of five bricklayers and one labourer in an hour, while being operated by one person.</p></body>

Market Fear Index Rises as Tech Selloff and Inflation Fears Weigh
Barrons.com95d agobearish
Market Fear Index Rises as Tech Selloff and Inflation Fears Weigh

Markets were feeling on edge Thursday as a tech selloff, inflation fears, and the continuing stalemate between the U.S. and Iran weighed on sentiment. The Cboe Volatility Index, a widely followed fear gauge that tracks S&P 500 options contracts and trades under the ticker VIX, climbed 0.3 points to 18.1 in early trading. Yields on U.S. treasuries were also slipping early Tuesday as traders weigh up central banks’ response to renewed inflation fears.

Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty
Associated Press95d agobearish
Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty

Home Depot got a lift in the first quarter from professionals and also homeowners stocking up on spring supplies. Profit fell from its first quarter last year, but the national home improvement retailer beat Wall Street expectations. "The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure,” CEO Ted Decker said Tuesday.

Tesla Stock Dropped. Costs Are a Problem.
Barrons.com95d agobearish
Tesla Stock Dropped. Costs Are a Problem.

Investors didn’t seem to like Tesla raising prices of its popular Model Y vehicles in the U.S. over the weekend. Shares of the electric vehicle maker were down 0.7% at $406 in premarket trading on Tuesday, while and futures were down 0.2% and 0.1% respectively. There wasn’t much to blame the decline on, no Wall Street downgrades or material price target cuts.

Markets Falling After Tech Selloff. Nvidia Earnings in Focus.
Barrons.com95d agobearish
Markets Falling After Tech Selloff. Nvidia Earnings in Focus.

Markets were on course to open in the red Tuesday as the chip-stocks rally that has powered gains for much of the year continued to lose steam. Stock futures tied to the tech-heavy Nasdaq were down 0.3%, having finished 1.5% lower the previous session led lower by a Big Tech selloff. Dow Industrial futures were falling 34 points, or 0.1%, while S&P 500 futures dropped 0.2%.

Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
Simply Wall St.95d agobearish
Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes

Starbucks announced a major corporate restructuring under its "Back to Starbucks" turnaround program. The plan includes closing multiple US regional support offices and cutting about 300 corporate roles. The company expects a $400 million charge tied to the restructuring and a broader $2 billion cost-saving effort. Starbucks will consolidate US and international support functions and open a new corporate office in Nashville. For investors watching NasdaqGS:SBUX, this move comes with the...

Goldman Sachs Abandons XRP, Solana ETF Positions, Cuts Exposure In Bitcoin, Ethereum ETF Positions—Find Out More
Benzinga95d agobearish
Goldman Sachs Abandons XRP, Solana ETF Positions, Cuts Exposure In Bitcoin, Ethereum ETF Positions—Find Out More

Banking behemoth Goldman Sachs Group, Inc. (NYSE:GS) sold all its Solana (CRYPTO: SOL) and XRP (CRYPTO: ETF) exchange-traded fund holdings in the first quarter, according to its latest 13F filing released Friday. Major Altcoin Positions Dumped Goldman Sachs liquidated its position in Bitwise XRP ETF (NYSE:XRP), Franklin XRP ETF (NYSE:XRPZ), 21Shares XRP ETF (BATS:TOXR) and Grayscale XRP Trust ETF (NYSE:GXRP), all of which it had acquired only in the previous quarter. The firm also dumped the ent

3 Value Stocks That Fall Short
StockStory95d agobearish
3 Value Stocks That Fall Short

Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor. The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.

UBS drops aggressive Broadcom stock price forecast
TheStreet95d agobearish
UBS drops aggressive Broadcom stock price forecast

Sometimes the most interesting analyst moves aren't the regular clean upgrades but the ones that look different. A good example is what we see in Broadcom. The analyst firm cut a number, raised a target, and somehow made the bull case stronger in the process. UBS raised its price target on ...

Korean Stocks Drop 5% as Chip Slump Fuels Overheating Concerns
Bloomberg95d agobearish
Korean Stocks Drop 5% as Chip Slump Fuels Overheating Concerns

(Bloomberg) -- Supercharged gains in a handful of companies and weak market breadth are stoking concerns that the world’s hottest stock market is overheating in some pockets. Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapTrump Says Holding Off on New Iran Strikes After Gulf AppealElon Musk Loses Case Against Sam Altman Over OpenAI’s OverhaulU

Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts
Bloomberg96d agobearish
Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts

(Bloomberg) -- Meta Platforms Inc. is reassigning 7,000 workers to new jobs related to artificial intelligence, according to an internal memo, part of a broad corporate restructuring that includes planned staff reductions later this week. Most Read from BloombergStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil Sanctio