Constellation Energy plans to restart the Three Mile Island nuclear plant in Pennsylvania and will sell the power to Microsoft to meet the tech sector’s growing electricity needs for data centers supporting artificial intelligence. The Unit 1 reactor is expected to come back online in 2028 pending approval by the Nuclear Regulatory Commission. This move…
Amazon is increasing wages for its hourly warehouse workers and offering them a free Prime subscription as a new perk. The average starting pay for front-line employees in the U.S. will now be over $22 an hour, up from $20.50. Employees will also receive a Prime subscription, which costs $140 a year, as part of…
The companies in our stock portfolio had a strong quarter, with many reporting good-to-great earnings. Economic growth, a resilient consumer, and increasing business confidence contributed to the positive results. Technology companies led the way, with health care and financials also performing well. While these earnings reports are important, they are not the only factor to…
A team from the Geological Agency in Indonesia recently discovered natural hydrogen gas in Central Sulawesi Province. Koloma, a clean fuel startup supported by Bill Gates and Jeff Bezos, aims to utilize expertise from the hydrocarbon industry to tap into geologic hydrogen as a clean energy source. Geologic hydrogen, found naturally underground, could play a…
Larry Ellison, the chairman and co-founder of Oracle Corp., announced during the Oracle OpenWorld 2017 conference in San Francisco that the company’s shares rose by 9% in extended trading after reporting fiscal first-quarter results that exceeded Wall Street estimates. The company’s revenue increased by 8% to $13.31 billion, with earnings per share reaching $1.39 adjusted….