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Dylan SloanFortune |
“MedMen has been ‘DeadMen’ to most investors for a long time,” one industry analyst told Fortune.
Investors balk at $40 billion in spending, sending stock falling—but analysts say Meta’s advertising advantage is a perfect use case for AI.
Biden administration announces $6.1 billion Chips Act grant for Boise-based semiconductor maker Micron.
Strong quarterly earnings are countered by continued losses on EV production, but GM says its EVs will be profitable by as soon as later this year.
The TikTok divestment bill was bundled into a massive $95 billion aid package, which helped fast-track it through Congress.
Altman leads $20 million funding round for solar startup Exowatt, which aims to generate nearly unlimited and nearly free power.
Firms plow tens of billions into data centers and energy projects: “The amount of money that’s being invested in this area is breathtaking.”
TSMC beats expectations on earnings, but stock falls anyways because investors had the company “priced for perfection.”
ASML has a monopoly on advanced semiconductor manufacturing tools, and it’s poised to gain from CHIPS Act investment.
EV prices are cheaper than ever, opening the market up for budget buyers but costing EV owners thousands in lost resale value.
Would-be buyers of sub-$10,000 used EVs are limited by access to public chargers.
CEOs advocate for mandatory AI disclosures and limits on impersonation at Brainstorm AI conference.
Surge in online sports betting popularity has generated a troubling increase in unlicensed betting, study finds.
Nvidia still dominates the AI hardware sector, but the potential success of Big Tech companies’ native chips poses a threat.
AI is sending semiconductor stocks soaring, and TSMC, the world’s largest chipmaker, is poised to gain.
Experts initially feared months-long shutdowns and supply-chain disruptions.
Commerce Department issued a $6.6 billion grant to the Taiwanese chipmaker to build new fabrication facilities in drought-prone Arizona.
SEC issues stay on watered-down climate rule as legal challenges work through the courts, but effects on reporting companies won’t change much in...
In 2015, Musk stole one of Google founder Page’s best AI minds: Ilya Sutskever, the man who’d one day lead a failed coup against Sam Altman.
Former SEC official criticizes speech: “If that speech had to be transparent in the way SEC filings have to be, she’d be subject to SEC...
Agriculture Commissioner Sid Miller says mass infection is unlikely—but stay away from unpasteurized milk
A WNBA contract and lucrative endorsement deals will result in a multimillion-dollar windfall for Clark once she finishes her college career.
Surge in venture funding and public excitement has DeepMind co-founder and CEO Demis Hassabis drawing crypto parallels.
Ford is redirecting production from EVs to hybrids as it seeks to keep sales up and comply with the new EPA emissions rule.
NCAA President Charlie Baker wants to ban prop bets, which could have unintended consequences.
A mysterious virus infecting cows in Texas, Kansas, and New Mexico has been identified after weeks of uncertainty, and it shouldn’t affect the dairy...
Fink thinks Gen Z and millennials believe the boomers focused on their own financial well-being before all else. "And in the case of retirement,...
The former AOL Time Warner CEO, who died last week, leaves behind a complicated legacy.
Mild hurricane season hands Florida’s property insurers their first positive returns in nearly a decade.
Months after inking a $700 million contract with the Los Angeles Dodgers, Ohtani’s season is off to a strange start.
Final rule buys carmakers more time to transition to EV production, but environmental groups are still heralding it as a win.
Commerce Department announces largest grant to date, and says there’s more coming soon.
This is the first time FINRA has levied enforcement against a company for its social media influencer strategy.
India opens door for foreign EV sellers with new tax cuts, but rules won’t hurt domestic giants in the short term.
From (kind of) funding Avatar to rescuing beleaguered regional banks, Steve Mnuchin’s consequential career is taking another turn.
It took the SEC two years to get a controversial climate rule passed, and two hours for opponents to challenge it in court.
Commercial real-estate problems and high interest rates could create a "too many to fail" scenario for regional lenders, finance professor says.
Tesla shareholders (or HODLers) with at least $40,000 in stock are eligible for the new program.
Rent, gas prices drive up headline number, but investors still hopeful for interest-rate relief starting in June.
Struggling $5 trillion real estate sector shouldn’t expect any government bailouts, says housing minister.
PCAOB chair Erica Williams is on a crusade to make sure investors know about the dangers of poor audit quality. Will they listen?
Even once the current problems dissipate, the Fed chair said, "we’ll still be left with a housing market nationally, where there is a housing...
Ivy League team voted to join union 13-2, pushing question of compensation for college athletes into new territory.
EV import duty would be among the highest of any good—but would it even bring prices down enough?
Fed policy could be the key for the struggling sector: “Things are going to get better when interest rates come down.”
There’s more to this supply shortage than meets the eye.
The dean of Wall Street CEOs thinks the uptick in defaults is normalization, not cause for panic, and there’s one big exception that proves the...
“Over the next three to five years, we’re really going to start seeing this," says Columbia's Stijn Van Nieuwerburgh. "This cycle is out of...
“It’s the most adaptable that survives,” says housing analyst Fred Cordova, who sees a lot of demolition ahead.
CEO Jensen Huang says early bets on AI made Nvidia “the only company that got it,” and competitors are racing to catch up.
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