GM boosts profit outlook, cites ’resilient’ consumer demand

Wildfire rages near Paris as heatwave scorches Europe

Memory has emerged as one of the biggest bottlenecks in artificial intelligence (AI) data centers, which explains why the demand for these chips has simply taken off in recent years. In fact, memory demand is so strong that the ongoing supply shortage in this industry is anticipated to last beyond 2030. Not surprisingly, investors have…

Key Points Shares in Venture Global (NYSE: VG) rose by 11.2% in the week to Friday morning as the market began pricing in a breakdown of the U.S.-Iran ceasefire. It’s far from clear whether the memorandum of understanding (MoU) between the U.S. and Iran remains relevant, and whether the Strait of Hormuz will be fully…

Tropical Storm Maysak killed two people in Nanning, Guangxi, and affected about 55,000 residents, with 48,000 evacuated, according to Xinhua. Flooding and dam risks prompted China’s Ministry of Emergency Management to deploy more than 1,000 rescuers, boats, vehicles, and drones. The storm also damaged property and blocked roads in northern Vietnam. News Updated: Monday, July…

President Donald Trump on Wednesday blasted New York’s new pause on AI data center development, arguing the state is turning away one of the biggest economic opportunities of the AI boom. “One of the biggest Driving Forces in the Future for Jobs, are Data Centers,” Trump wrote on Truth Social, calling the facilities “Money Machines”…

There have been just three initial public offerings (IPOs) of investment trusts between 2023 and 2025, and none of them raised over £100 million. Achilles Investment Company (LSE: AIC), an activist trust, raised £54 million last year, while Ashoka WhiteOak Emerging Markets (LSE: AWEM) raised £30.5 million in 2023. Both have received a reasonable amount…