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AI data centers alone are expected to add about 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. The forecast power demand from AI alone is seven times greater than New York City's current annual electricity consumption of 48 terawatt hours. The natural gas industry is betting gas will serve as the preferred choice. Coal plant retirements and data centers could result in 6 bcf/d of new natural gas demand in EQT's backyard by 2030, the CEO said. The level of electricity demand could help lift natural gas prices out of the doldrums.
Persons: Kena, Goldman Sachs, Robert, Richard Kinder, Kinder Morgan, Kinder, Roger Read, Wells, Goldman, Toby Rice, Rice, CNBC's, Christopher Womack, Robert Blue, EQT, Jeremy Knop, Knop, Blue, Read, Lynn, Zack Van Everen, Robert Kinder Organizations: Linden, View Press, Getty, Amazon, Google, Microsoft, Meta, Rystad Energy, Robert Blue Dominion Energy, Gas, Holt, Co, EQT Corp, U.S ., Dominion Energy, Georgia Power, Southern Company, Dominion, Renewables, CNBC, Lynn Good, Energy Locations: Linden New Jersey, U.S, Wells, Wells Fargo, New York, Houston, Pickering, Northern Virginia, Georgia, Appalachian, Virginia, Gulf
Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. Rupert Murdoch is being deposed Tuesday as part of the $2.7 billion defamation lawsuit filed against Fox Corp. by the voting technology company Smartmatic, a source familiar with the matter told CNBC. It is the second time this year that Murdoch, 92, has been deposed in a high-stakes defamation lawsuit accusing Fox News of airing damaging lies about the 2020 U.S. presidential election. Fox paid $787.5 million to settle Dominion's lawsuit, nearly half of the $1.6 billion figure initially demanded by the voting company. Murdoch officially stepped down as chairman of Fox and News Corp. earlier this month, putting his son Lachlan in charge of both.
Persons: Rupert Murdoch, Murdoch, Donald Trump, Fox, Joe Biden, Maria Bartiromo, Jeanine Pirro, Lou Dobbs, Rudy Giuliani, Sidney Powell, Lachlan, Brian Nick, CNBC's Organizations: News Corp, Century Fox, Allen & Company Sun Valley Conference, Fox Corp, CNBC, Fox News, Dominion Voting Systems, Fox, Trump, New York Supreme Locations: Sun Valley , Idaho, Los Angeles, New York, York
Hilton Grand Vacations — The stock declined roughly 7% after the lodging company said it would acquire Bluegreen Vacations for about $1.5 billion . Hilton Grand Vacations also posted its third-quarter results, posting revenue of $1.02 billion, down from $1.12 billion a year earlier. Berkshire Hathaway —The B-class shares of Warren Buffett's investment company fell nearly 2% after Berkshire reported its third-quarter results on Saturday. Constellation Energy — The energy company gained nearly 7% after raising its earnings guidance for the full year. The company anticipates adjusted EBITDA of $3.80 billion to $4 billion, while its previous guidance was $3.3 billion to $3.7 billion.
Persons: Raymond James, SolarEdge, Wells, Albemarle —, Berkshire Hathaway, Warren, Dan Eggers, Davidson, Yun Li, Alex Harring, Pia Singh, Jesse Pound, Tanaya Macheel Organizations: Hilton, Paramount Global, Bank of America, Albemarle, UBS, Berkshire, Dish, Constellation Energy, Dominion Energy, Barclays, Holdings, D.A, Booking Holdings Locations: Berkshire
Dish Network — Shares dropped 6.2% premarket after the company missed Wall Street's expectations on both revenue and earnings, driven by substantial losses in its pay-TV retail wireless subscribers. Dish lost 26 cents per share in the third quarter, while analysts expected earnings of 5 cents per share, according to LSEG, formerly Refinitiv. Nvidia — The semiconductor stock added 1.1% premarket Monday, lifted by Bank of America's optimism about Nvidia's quarterly earnings due Nov. 21. Affiliated Managers Group — Shares of the asset manager company gained 2.5% third quarter earnings and revenue topped analyst estimates. AMG posted revenue of $525.2 million, exceeding analysts' estimate of $509.4 million.
Persons: Tesla, RingCentral, Schuster, SATS, Jane, FactSet, — CNBC's Brian Evans, Jesse Pound, Michelle Fox Theobald, Scott Schnipper Organizations: Reuters, Hilton, Paramount, CBS, Bank of America, Dish, Citigroup —, CNBC, Citigroup, Bora Bora, Nvidia, Bank of, UBS, Dominion Energy, Barclays Locations: Berlin, China, Albemarle
UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares. Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close. In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32. Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.
Persons: Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector Organizations: CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades Locations: Albemarle, Friday's, China, Birkenstock
ATLANTA (AP) — Some Republican lawmakers continued to press Wednesday for changes to protect Georgia's voting system from security weaknesses, but a deputy to Secretary of State Brad Raffensperger accused them of acting in bad faith and promoting lies that Georgia's 2020 election was stolen from Donald Trump. The dispute with some Republicans in the state Senate stems from vulnerabilities in Dominion Voting Systems equipment identified by J. Alex Halderman, an expert witness in a lawsuit challenging the constitutionality of Georgia’s election system. However, they say it's impractical to update all 40,000 electronic voting machines and scanners statewide before the 2024 election cycle begins. Senate Ethics Committee Chairman Max Burns, a Sylvania Republican, said at the end of the hearing he wanted to see changes. Fueling interest in voting changes are Republican Party activists who say that Georgia's 16 electoral votes were stolen from Trump in 2020.
Persons: Brad Raffensperger, Donald Trump, J, Alex Halderman, Halderman, he's, Gabriel Sterling, We’re, Sterling, , Sen, Brandon Beach, Greg Dolezal, we’re, ” Dolezal, Max Burns, Burns, Raffensperger, Randy Robertson, Rudy Giuliani, Trump, Giuliani, John Eastman, Jenna Ellis, Ray Smith, Robert Cheeley, Ellis, Steve Gooch, Dahlonega —, Sidney Powell Organizations: ATLANTA, Republican, Voting Systems, Cybersecurity, Infrastructure Security Agency, Cumming Republican, Dominion, Sylvania Republican, Rotary Club, Republican Party, Trump Locations: U.S, Brandon, Fulton, Beach, Georgia
He has also sued, in a separate lawsuit, conspiracy theorist and pillow salesman Mike Lindell. "They had no credible evidence of any 'Antifa conference call;' that Dr. Coomer was part of this purported call; or that Dr. Coomer committed election fraud. Coomer still has ongoing lawsuits against election conspiracy theoristsThe conspiracy theories, Coomer said in his lawsuit, led to "an onslaught of harassment and credible death threats issued against him." Drew Angerer/Getty ImagesCoomer filed his lawsuit separately from Dominion, which has separate pending lawsuits against OAN, Newsmax, Giuliani, and Powell. It was the first settlement from a news organization in a defamation lawsuit filed over 2020 election conspiracy theories.
Persons: OAN, Eric Coomer, Coomer, Donald Trump's, — OAN, Chanel Rion, Herring Networks —, Law360, OAN didn't, Trump's, Sidney Powell, Rudy Giuliani, Newsmax, Mike Lindell, Rion, Trump, OANN, Eric Coomer's, Drew Angerer, Giuliani, Powell Organizations: Dominion, Service, America, Network, Dominion Voting Systems, Court, White, Herring Networks, Inc, dba, News Network, Fox, Dominion Representatives, Coomer, OAN, Twitter, Fox News Locations: Wall, Silicon, Denver County, Colorado, Coomer, Dominion
A man walks past the logo of Fox Networks Group during the annual MIPCOM television programme market in Cannes, France, October 16, 2018. The FCC said it was opening a public docket allowing for release of comments and presentations, saying permitting broader participation will serve the public interest. A Fox Television spokesperson on Wednesday said the "petition to deny the license renewal of WTXF-TV is frivolous, completely without merit and asks the FCC to upend the First Amendment and long-standing FCC precedent." The FCC, an independent federal agency, does not license broadcast networks, but issues them to individual broadcast stations on a staggered basis for eight-year periods. Fox cited FCC Chair Jessica Rosenworcel's comments in 2017 opposing Trump's suggestion the FCC could revoke the broadcast license for Comcast's (CMCSA.O) NBC over coverage of his administration.
Persons: Eric Gaillard, Fox, Joe Biden, Donald Trump, Jessica Rosenworcel's, Rosenworcel, David Shepardson, Sonali Paul Organizations: Fox Networks Group, REUTERS, Rights, U.S . Federal Communications Commission, Fox Television Stations, The Media, Democracy, Fox, U.S . Capitol, FCC, Fox Corp, Dominion Voting Systems, Republican, Fox Television, FOX, Philadelphia, NBC, Thomson Locations: Cannes, France, Philadelphia, U.S
Fox's top lawyer is stepping down just a few months after the company's mammoth Dominion settlement. Viet Dinh will receive a $23 million lump sum payment when he exits as chief legal officer later this year. Dinh was a key confidant of the Murdochs and is godfather to Fox Corp CEO Lachlan's son. One of Fox's most prominent lawyers and a key player in the Dominion settlement is stepping down from his influential role at the company, and will take home a $23 million exit package. Dominion sued Fox for $1.6 billion after the group's news channel raised doubts about the Dominion's voting machines following the 2020 presidential elections.
Persons: Viet Dinh, Dinh, Lachlan Murdoch, Murdoch, Dinnh, pitbull, George Bush, Fox Organizations: Fox Corp, Morning, Securities and Exchange Commission, FOX, Century Fox, Fox, Disney, Dominion Locations: Viet, Dominion, Republican
Fox Corp. Chief Legal and Policy Officer Viet Dinh will step down from his post, months after the company agreed to pay a $787.5 million settlement to Dominion Voting Systems. The departure comes after Dinh advised the company through the lawsuit with the voting machines company, which was halted just short of a trial with the April settlement. While Fox agreed to the settlement, its hosts weren't required to talk about the lawsuit or make any public apology for on-air statements. Carlson and Dinh were among the Fox anchors and executives who were questioned as part of the lawsuit. "We are grateful that he will continue to serve FOX as Special Advisor where we will benefit from his counsel."
Persons: Dinh, Donald Trump, Joe Biden, Tucker Carlson, Jesse Watters, Carlson, Lachlan Murdoch Organizations: News Corporation, Fox News, New York City . Fox Corp, Voting Systems, Dominion, Fox, FOX, Century Fox, Fox Corp Locations: New York City
July 26 (Reuters) - Rudy Giuliani, onetime attorney for former U.S. President Donald Trump, admitted in a court filing late Tuesday that he made defamatory statements about a pair of Georgia election workers. No evidence supports such claims, which have been repeatedly debunked by Georgia election officials. Freeman and Moss are seeking sanctions against Giuliani, alleging he failed to preserve important evidence. Tuesday's court document said Giuliani wants "to avoid unnecessary expenses in litigating what he believes to be unnecessary disputes." He is also facing defamation lawsuits from voting companies Dominion Voting Systems and Smartmatic about fraud claims he made about the 2020 election.
Persons: Rudy Giuliani, Donald Trump, Giuliani, Moss, Ruby Freeman, Freeman, Ted Goodman, Michael Gottlieb, Trump, Bob Costello, Dominion's, Jacqueline Thomsen, David Bario, Jonathan Oatis Organizations: Voting Systems, Thomson Locations: Georgia, Washington, litigating, New York, Manhattan, York, Columbia
The settlement Fox News may pay to Smartmatic could be around $1 billion, experts say. Disney's $177 million settlement for the infamous "pink slime" lawsuit in 2017 dropped to second place. Experts told Insider that the $787.5 million settlement is a strong benchmark for Smartmatic — and that Smartmatic will likely get more. Either way you slice it, using those baseline numbers brings you above the $787.5 million figure Fox paid to settle Dominion's lawsuit. "It's hard to extrapolate from the Dominion case in part because it never got litigated," Hans said.
Persons: Smartmatic, Erik Connolly, Connolly, Donald Trump, Sidney Powell, Rudy Giuliani, Joe Biden, Powell, Giuliani, Fox, Clay Calvert, James Goodale, Smartmatic's, Rupert Murdoch, Victoria Jones, Calvert, Erik McGregor, Hans, Goodale, Plimpton, De, Murdoch Organizations: Fox News, Dominion, Dominion Voting, Trump, Fox, American Enterprise Institute, New York Times, Fox Corp, Getty, Cornell Law, Debevoise Locations: cahoots, Delaware, New York, Washington ,, Africa, Europe, Smartmatic, Fox News's, York
Berkshire Hathaway Energy has agreed to purchase a 50% stake in the Cove Point liquefied natural gas facility for $3.3 billion in cash. Warren Buffett's big energy and utility division bought the stake from Dominion Energy and will now own a 75% limited partnership stake in Cove Point LNG located in Lusby, Maryland. The Cove Point LNG Terminal has a storage capacity of 14.6 billion cubic feet and a daily send-out capacity of 1.8 billion cubic feet. Berkshire Hathaway first bought a stake in Dominion's gas pipeline and storage assets for $4 billion in 2020. Abel is now vice chairman for noninsurance operations at Berkshire Hathaway and the successor to the 92-year-old "Oracle of Omaha."
Persons: Warren Buffett's, Bill Stone, Buffett, Berkshire Hathaway, Greg Abel, Tom Farrell, Abel, Stone Organizations: Berkshire Hathaway Energy, Dominion Energy, Brookfield Infrastructure Partners, Glenview Trust, Sumitomo Corp, CNBC, Berkshire Hathaway, Oracle, Occidental Petroleum, Chevron Locations: Point, Lusby , Maryland, Berkshire, U.S, Glenview, Omaha, Iowa
Fox News agreed to pay $12 million to settle a hostile workplace lawsuit from Abby Grossberg. Grossberg alleged she experienced a "sexist" environment at Fox and says lawyers coerced her testimony for Dominion's lawsuit. One lawsuit, filed in Manhattan federal court, alleged rampant workplace sexism. Grossberg withdrew her Delaware lawsuit shortly after Fox agreed to settle Dominion's lawsuit for the record-breaking sum of $787.5 million. Grossberg's case threw a wrench in the lawsuit between Dominion and Fox News.
Persons: Abby Grossberg, Grossberg, , Maria Bartiromo, Tucker Carlson, Parisis Filippatos, Nancy Pelosi, Rudy Giuliani, Carlson, Kevin McCarthy, Wells, Jack Smith, Donald Trump's, Filippatos Organizations: Fox News, Fox, Trump, Service, News, New York Times, Network, Dominion Voting Systems, New, Dominion, Republican, Times Locations: Manhattan, Delaware, New York, Smartmatic
The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City. Fox News has settled another lawsuit, this time with a one-time producer for former primetime host Tucker Carlson. The Fox Corp. network agreed to pay $12 million to settle the lawsuit brought by Abby Grossberg, who alleged she was coerced into giving false testimony for the Dominion Voting Systems defamation case. Grossberg earlier this year had filed lawsuits against Fox in New York and Delaware, and had also accused the network of discrimination. Fox had earlier denied the claims by Grossberg, and explained its decision to let the producer go:
Persons: Tucker Carlson, Abby Grossberg, Grossberg, Carlson –, Dominion –, Maria Bartiromo, Fox Organizations: News Corporation, Fox News, New York City . Fox News, The Fox Corp, Dominion Voting, Fox, Network, Dominion Locations: Manhattan, New York City, New York, Delaware, Dominion
Mike Lindell owes Robert Zeidman $5 million over a contest to disprove the 2020 election was rigged. Lindell told Insider that Zeidman, a computer scientist, "isn't even a cyber guy." Joshi told Insider there's no basis for Lindell's claim that Zeidman should not have been in the "Prove Mike Wrong" contest. "Mike Lindell is not gonna take this big sham," he told Insider, speaking in the third person. Lindell told Insider Friday he was frustrated that Fox News caved.
Tucker Carlson's ouster at Fox News was reportedly linked to a secret deal with Dominion Voting Systems. According to Variety, Dominion made Carlson's departure an unwritten condition of its settlement with Fox. Variety cited multiple unnamed sources who were aware of an April 26 conversation Carlson had with an unnamed member of Fox Corporation's board who reportedly told Carlson about the agreement. Instead, Carlson's ouster as the highest-rated cable news host was based on a verbal agreement. "That condition was intended to hurt Fox, and Tucker is just collateral damage," a source told Variety.
Don Lemon and Tucker Carlson were both ousted from their jobs at CNN and Fox News on April 24. And as Musk tried to settle political concerns, he reached out to Lemon to suggest he do the same. Elon Musk reached out to former CNN host Don Lemon to suggest he starts a new show on Twitter, days after Fox News star host Tucker Carlson announced his own plans to do so. Lemon and Carlson, longtime TV news hosts, were both abruptly fired on April 24. If Lemon did take up Musk's offer, it could provide a liberal counterbalance to Carlson's impending Twitter show.
Poulos, Dominion’s co-founder and chief executive, spoke about his experience settling the historic lawsuit during an interview at the Sir Harry Evans Global Summit in Investigative Journalism in London. Dominion sued Fox News and parent company Fox Corp (FOXA.O) in 2021 over the network’s coverage of false vote-rigging claims about the voting technology firm. The settlement, which legal experts said was the largest struck by a U.S. media company, was announced by the two sides and the judge in the case at the 11th hour. Dominion’s settlement with Fox is part of a broader legal campaign by the company to seek accountability from companies and individuals whom it claims have spread falsehoods about its technology. The company is also suing former Trump lawyers Sidney Powell and Rudy Giuliani, conservative media networks One America News Network and Newsmax Media, and others.
Trump's lawyers defamed Smartmatic with election conspiracy theories, Smartmatic says. They seek communications and files from Donald J. Trump for President, Inc., Trump's campaign vehicle for the 2016 and 2020 elections. In the subpoenas, Smartmatic asks for all communications regarding Smartmatic or Dominion — a rival election technology company also caught up in conspiracy theories — in connection with Fox News and Newsmax around the time of the 2020 election. They also ask for communication regarding appearances by Sidney Powell and Rudy Giuliani, two attorneys who advanced the conspiracy theories on behalf of the Trump campaign. The subpoenas indicate that Smartmatic seeks to penetrate the inner workings of Trump's campaign operation to understand their links with right-wing media organizations.
The median age of Twitter users is much younger than that of Fox News viewers, reports show. Tucker Carlson is officially moving to Twitter, but whether his loyal — and older — Fox fans will follow is yet to be seen. In a video, Carlson touted the social media platform to his seven million followers as a place of "free speech." Back at Fox News, the median age of an average viewer was 65, according to Nielsen ratings. A Pew Research study shows a stark difference: The median age of a Twitter user is 40.
May 9 (Reuters) - Broadcaster Fox Corp (FOXA.O) beat estimates for third-quarter revenue and adjusted profit on Tuesday, as Chief Executive Lachlan Murdoch affirmed the company’s prime-time programming strategy following its recent $787.5 million settlement with Dominion Voting Systems and dismissal of star host Tucker Carlson. Dominion had sued Fox for $1.6 billion over its coverage of debunked vote-rigging claims about the voting technology firm. Total revenue rose 18% to $4.08 billion, inching past analysts' estimates of $4.03 billion, according to Refinitiv data. Fox's ad revenue also surged 43% to $1.88 billion, well past the expectation of $1.67 billion. The upbeat results from Fox underscore the cautious approach by advertisers who are mostly buying slots on dominant networks.
Fox News sent letters to Dominion Voting Systems asking they probe Tucker Carlson message leaks. Fox News' legal team sent letters to Dominion Voting Systems calling on the company to probe whether they leaked internal messages from Tucker Carlson. The letters to the electronic voting company came after multiple news outlets published controversial messages made by Carlson in private. "Leaked material is a cornerstone of journalism"A screenshot from the video of Tucker Carlson asking his makeup artist what women do in the bathroom. "Reporting on newsworthy leaked material is a cornerstone of journalism," Media Matters President Angelo Carusone said in a statement.
May 5 (Reuters) - Fox News on Friday asked lawyers for Dominion Voting Systems to investigate whether they leaked controversial internal messages from ousted Fox host Tucker Carlson that were provided in evidence for their recent defamation lawsuit. The requests, which were made in letters released by Fox, came after multiple news outlets published racist and sexist remarks by Carlson contained in leaked internal messages and recordings. Fox News and its parent company Fox Corp (FOXA.O) said those were given to Dominion as part of the lawsuit, which claimed Fox defamed Dominion by airing false election-rigging claims. Dominion denied the materials came from the company or any of its lawyers. Media outlets including the New York Times reported that the decision came after Fox's board saw Carlson's internal messages.
Fox News sources told the NYT that a text message led to host Tucker Carlson's firing. But critics say the host embraced white nationalist views on his show for several years. In the text, Carlson made inflammatory remarks about violence and race. Critics of Fox News, however, say the remarks should not have come as a surprise to the network. And another likely factor in Carlson's exit was appeasing Fox shareholders in the wake of the $787.5 million settlement Fox News reached with Dominion.
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