Amazon’s and Intel’s stocks are set to plunge. But Wall Street’s October winners may surprise you.
A rough month in the technology sector was less spooky in other sections of the stock market.
A rough month in the technology sector was less spooky in other sections of the stock market.
Rocket Cos. Chief Technology Officer Shawn Malhotra directs the tools that fuel his company’s industry-leading mortgage machine. That includes artificial intelligence-powered outreach responsible for 2.8 million texts, 4.5 million phone calls and 900,000 chats a month, messages that help Rocket’s individual loan officers reach 40% more clients. Processing Content National Mortgage News sat with Malhotra…
Staller Associates is on the hunt for tax breaks for a Port Jefferson Station project that’s been stuck in the mud for several years. The Long Island-based developer applied for up to $7 million in sales and mortgage tax exemptions for its redevelopment of Port Jefferson Plaza, Newsday reported. Staller is also seeking 25 years…
Key Points AI data centers are constrained by electricity, more than hardware availability. Oklo is targeting a 2028 start-up with its Aurora-INL. X-Energy may be slower now, but could be better positioned for a fleet-scale license. 10 stocks we like better than Oklo › It doesn’t matter if artificial intelligence (AI) data centers have all…
Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Penny Crossman (00:11):Hi, I’m Penny Crossman, tech editor at American Banker, and I am here with Kara Kennedy, who is global co-head of Connexus, which is JP Morgan…
The Jio IPO is finally here, and the hype is just on another level. Investors, companies and mutual funds are expected to bet big on Jio Platforms Limited, which will be the Indian primary market next week. Jio has emerged as the mother of all IPOs with an issue size of Rs 30,213 crore. The…
Beginning in April 2025, silver began a rapid ascent, nearly quadrupling in price from about $29 per ounce to a peak of more than $115 per ounce in January of this year. The price increase was driven by the growing demand for silver to serve the massive AI data center build-out. Those cloud facilities use…