Google to buy power for AI needs from small modular nuclear reactor company Kairos
By Timothy Gardner WASHINGTON (Reuters) -Alphabet’s Google said on Monday it signed the world’s first corporate agreement to buy power from multiple small modular reactors to meet electricity demand for artificial intelligence. The technology company’s agreement with Kairos Power aims to bring Kairos’ first small modular reactor online by 2030, followed by additional deployments through […]
TD a ‘ways off’ from being an attractive investment following charges: portfolio manager
BNN Bloomberg One portfolio manager says Toronto Dominion Bank is still far away from being an attractive investment opportunity after the lender pleaded guilty to failing to prevent money laundering by criminals in the U.S. Bloomberg News reported Thursday that two of the bank’s U.S. units entered guilty pleas to charges before a U.S. federal judge […]
HSBC launches $1 billion planned share buyback
HSBC has kicked off its planned $1 billion share buyback on Wednesday, as it seeks to redeploy excess capital and reward shareholders.
Musk to lead Twitter temporarily after $44 billion takeover – source
Elon Musk is expected to become Twitter’s temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal.
Wall Street tumbles as investors fret over bigger Fed rate hikes
U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve’s interest rate hike the previous day would not be enough to tame surging inflation.
Block plunges to loss as bitcoin boost fades
Block Inc, the payments company led by Jack Dorsey, on Thursday reported a loss for the first quarter as demand for bitcoin softened due to a decline in cryptocurrency prices.
Cost of Trans Mountain pipeline expansion soars 70 per cent to $21.4 billion
CALGARY — The projected cost of the Trans Mountain pipeline expansion has soared 70 per cent to $21.4 billion, while its completion is delayed. The Crown corporation behind the massive project says the total cost has increased from its earlier estimate of $12.6 billion. Trans Mountain Corp. partially blames the cost increases on the COVID-19 […]
Tesla faces another US investigation: Unexpected braking
DETROIT (AP) — U.S. auto safety regulators have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 complaints from owners during the past nine months about “phantom braking” in Tesla Models 3 and Y. The probe covers […]
Carbon credits outperforming bitcoin, in the bet on a longer energy transition
Jeff Lagerquist Thu, February 17, 2022 Canada’s first carbon credit-based exchange traded funds (ETFs) offer an alternative to oil and gas stocks for investors who believe industrial thirst for fossil fuels will be a tough habit to break. The price of European carbon credits – a core holding of two newly launched ETFs – has […]
Air Canada earnings: Recovery ‘strong and well underway’ despite Omicron
Alicja Siekierska Fri, February 18, 2022 Air Canada’s (AC.TO) chief executive officer says the recovery from the COVID-19 pandemic remains “strong and well underway,” as more people book travel for 2022 and despite the impact of the Omicron variant. CEO Michael Rousseau told analysts on a conference call Friday morning that while the Omicron variant […]