What IBM’s profit warning means: Hardware is ‘eating everyone’s lunch’
The company said the shortfall in its software and infrastructure business was tied to clients spending on memory ahead of price hikes.
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PG&E Says Power Shutoffs Required in California on Wildfire Risk
PG&E Corp. warned that power shutoffs will be required on Wednesday and Thursday in three California counties as dry conditions and gusty winds increase fire risks. PG&E is taking steps to preemptively shut off electricity to homes and businesses in the region. The utility cited high winds and dry conditions for required outages in Monterey,…
Trump ramps up war on regulations with 702 cuts in pipeline
The Trump administration is stepping up its efforts to cut red tape across the federal government, releasing a regulatory plan that would eliminate 702 existing administrative rules. Processing Content The reductions published on Friday set a record for the number of deregulatory actions under consideration in a White House semiannual agenda plan. It’s also about…
Europe Taxes Electricity More Than Gas. Brussels Just Admitted It
Brussels, 1 February 2023: European Commission President Ursula von der Leyen launches the Green Deal Industrial Plan. Three years on, the Commission’s own electrification plan still finds electricity taxed harder than gas.(Photo by JOHN THYS / AFP) (Photo by JOHN THYS/AFP via Getty Images) AFP via Getty Images Governments across Europe are trying to accelerate…
It’s a buyer’s market for bonds
Bonds are out of fashion with big investors — which makes them an interesting investment opportunity for the rest of us.
Innovatus-backed Meet The People scoops up ad agency The Loomis Agency
Headquartered in New York City, MPT is an advertising holding company for big and mid-sized clients Mike Sullivan serves as CEO of The Loomis Agency The Loomis Agency was founded in 1984 Meet The People, which is backed by Innovatus Capital Partners, has acquired The Loomis Agency, a Dallas-based advertising agency.
Data centers have already hiked electricity prices on the public by $23 billion. Good luck clawing that back
For example, a recent report by the organization that monitors the PJM market, an area that encompasses all or part of 14 mid-Atlantic and Midwest states, concluded that expected power demand from data centers was a primary reason for $23 billion in customer price increases that will last until at least the end of 2028….
