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☆ This bitcoin miner and Nvidia AI cloud partner's stock could go up 50%, Berenberg says
▼ + stars: | 2024-04-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Frankfurt-based tech company Northern Data , prominently known for bitcoin mining, has recently transformed its business model into cloud solutions and data center infrastructure. Listed on the Frankfurt Stock Exchange, Northern Data has three core divisions: Peak Mining for bitcoin mining, Taiga Cloud for cloud computing and Ardent Data Centers for data center infrastructure. The company's Taiga Cloud division is certified as an "Elite" partner of Nvidia , making it one of the largest providers of Nvidia-based cloud services in Europe. The investment bank forecasts annual revenues of around 400 million euros and adjusted profits of about 290 million euros from Taiga Cloud from 2026 onward. Northern Data's cloud computing platform is expected to have 20,000 Nvidia AI chips, worth 730 million euros, by the third quarter of 2024, the note said.

Persons: Gerhard Orgonas, Jenna Xu, Aroosh Thillainathan Organizations: Northern Data, Frankfurt Stock Exchange, Data, Mining, Ardent, Healthcare, Northern Bitcoin, Northern, Nvidia, Data's Locations: Frankfurt, Italy, United States, Northern, Pittsburgh, North Dakota, Texas, Europe

☆ Supreme Court allows a new Texas immigration law that gives police the power to arrest migrants
▼ + stars: | 2024-03-19 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +2 min

The Supreme Court on Tuesday allowed Texas to enforce a contentious new law that gives local police the power to arrest migrants. The dispute is the latest clash between the Biden administration and Texas over immigration enforcement on the U.S.-Mexico border. Circuit Court of Appeals said in a brief order that it could go into effect March 10 if the Supreme Court declined to intervene. On March 4, Justice Samuel Alito issued a temporary freeze on the law to give the Supreme Court time to consider the federal government's request. Solicitor General Elizabeth Prelogar said in court papers that the Texas law is "flatly inconsistent" with Supreme Court precedent dating back 100 years.

Persons: Biden, Sonia Sotomayor, Samuel Alito, Elizabeth Prelogar Organizations: Border Patrol, Biden, Circuit, Appeals Locations: Venezuela, Rio, Eagle Pass , Texas, Texas, Mexico, New Orleans

His decision came months after a two-week trial in August in which no GOP voters came forward to testify they were unable to vote because of the problems. The ruling is a blow to efforts by GOP leaders in Harris County to overturn November 2022 election results in 17 other local contests. Elections have been scrutinized for several years now in Harris County — which has nearly 5 million residents, most of whom are Latino or Black. The lawsuit was the first filed over Harris County’s November 2022 election results that went to trial. Harris County in recent years has become a recurring target of new Texas voting rules and restrictions passed by GOP lawmakers.

Persons: —, that’s, Republican Erin Lunceford, David Peeples, Donald Trump, Joe Biden’s, weren’t, Lunceford, Harris County’s, Tamika Craft, Harris County Republican Party’s, Harris, Brandon Rottinghaus, ___, Juan, Lozano Organizations: HOUSTON, Republican, Democratic, GOP, Tamika, Harris County Republican, Texas House, University of Houston, Twitter Locations: Texas, Harris County, Houston, Republican, Harris, Dallas, El Paso, San Antonio

☆ Opinion: Musk, McCarthy and Romney are three kinds of leaders
▼ + stars: | 2023-09-17 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A vain and ambitious cigar-smoking bully who wore riding breeches, a polished helmet and boots and carried ivory-handled revolvers, he led troops on successful lightning strikes through German-held territory near the end of World War II. Musk has repeatedly been criticized for enabling and boosting antisemitic content on the platform.”“Isaacson tries to square these two Musks. During Trump’s first impeachment, Romney became the first senator in US history to vote to remove a president of his own party from office. He has been willing to do what he believes to be right — consequences be damned.”The differences between Romney and Trump were many.

Persons: CNN — “ Troy, Hadrian, …, ”, George S, Patton, “, Stephen D, Clay Jones, Elon Musks, Elon, Nicole Hemmer’s, Walter Isaacson, Musk “, Musk, ” “ Isaacson, Isaacson, ” Hemmer, Walt Handelsman, Kevin McCarthy, Donald Trump, McCarthy, Joe Biden, “ Trump, impeaching Biden, Norman Eisen, Trump, ” Eisen, Biden, James Antle III, ’, Hunter, McCarthy “, John Avlon, Dennis Aftergut, Lindsey Graham wasn’t, Michelle Lujan Grisham, she’s, Hunter Biden, Robert J, Spitzer, It’s, ” Vladimir, Kim, Vladimir Putin, Kim Jong, Frida Ghitis, Putin, vaingloriously, Peter the Great, Sébastien Roblin, Don’t, Romney Francis Chung, AP Sen, Mitt Romney, Romney, Sen, John McCain, Trump’s, Lanhee J, Chen, Lisa Benson, Kate Bahn, ’ I’m, —, Dana Peterson, Erik Lundh, ” Dana Summers, Kunis Mila Kunis, Ashton Kutcher, Mila Kunis, Danny Masterson, Jill Filipovic, “ Kutcher, Kunis, Kutcher, Masterson, Danilo Cavalcante, Arick, Scott Stantis, Jeff Yang, Jets Phil Hands, Julian Zelizer, Aaron Rodgers ’, ” Don’t, Nick Anderson, Tess Taylor, Tommy Tuberville, Mahnaz, Roxanne Jones, Coco Gauff, Amanda Tyler, Lara Setrakian, Paul Hockenos, Don Lincoln, Sophia Nelson, Tim Scott, Kenneth Branagh, Agatha Christie’s, Hercule Poirot, Noah Berlatsky, Poirot, Branagh, Sara Stewart, Winona Ryder Organizations: CNN, US, Marine Corps, Third Army, Vostochny, Twitter, Defamation League, Agency, Caucus, Republicans, Democrats, White, North, Putin, AP, Senate, Hollywood, Motors, Ford, Chrysler, Dodge, Peugeot, United Auto Workers, UAW, “, Federal Reserve, Conference Board, Ninth, Academy Museum of Motion Pictures, REUTERS, Reuters, Apple, European Union, Jets, Boston Red Sox, The Chicago Cubs, The New York Jets, New York Jets, MetLife, Tribune, Studios Locations: China, Washington, New Mexico, Detroit, Russia’s, South Africa, Hunter Biden’s, Albuquerque, Bernalillo County, Russia, Ukraine, ”, Los Angeles , California, U.S, Aude, Pennsylvania, Brazil, Cupertino , California, Iran, New Texas, Venice

☆ Judge Temporarily Blocks Texas Law That Would Restrict Drag Shows
▼ + stars: | 2023-08-31 | by ( Eduardo Medina | More About Eduardo Medina | ) www.nytimes.com time to read: +1 min

A federal judge on Thursday temporarily blocked a new Texas law that would restrict drag shows, a victory for L.G.B.T.Q. groups that have criticized the measure as an attack against drag performers and organizers. If a permanent injunction is granted, the ruling would most likely be appealed by the state. 12, which was set to go into effect on Friday, seeks to “regulate sexually oriented performances,” which has been widely understood to mean drag shows, and to restrict those performances in front of minors. Republicans in the Texas Legislature who support the law said it would protect children from seeing drag shows.

Persons: Judge David Hittner Organizations: U.S, Southern, Southern District of Texas, Republicans, Texas Legislature, Broadway Locations: Texas, Southern District

☆ A new Texas law forces vendors to rate sexual content in schoolbooks. They’re not happy about it
▼ + stars: | 2023-07-04 | by ( Nadia Bidarian | ) edition.cnn.com time to read: +10 min

But a new Texas law might require her to. The law’s primary author, Republican Texas State Rep. Jared Patterson, said its aim is simple: Get sexually explicit content out of schools. Republican Texas State Rep. Jared Patterson debates HB 900, which would ban sexually explicit materials from library books in schools. Mikala Compton/Austin American-Statesman/APBut the burden of rating these books falls on book vendors. The law also applies retroactively to books sold to schools in the past, meaning that vendors must issue recalls for “sexually explicit” books still in circulation.

Persons: Charley Rejsek, they’d, “ We’re, ” Rejsek, Jared Patterson, Mikala Compton, “ We’ve, “, ” Patterson, ”, Shirley Robinson, ” Robinson, Ben Conn, Conn, Noble, ” Conn, wasn’t, Patterson, Valerie Koehler, Mary Cate Stevenson, Noah Nofz Koehler, doesn’t, she’s, ” Koehler, Noah Nofz Richard Bailey, Greg Abbott, Bailey, ” Bailey, Lewis Parry, ” Elizabeth Jordan, ’ Patterson, ” Jordan, can’t, Jordan Organizations: CNN, Republican Texas State, Austin American, Statesman, Resources, ”, Texas Library Association, Media Association, Barnes, Penguin, Library Company, Education, Willow, Interabang, Dallas County, Lewis Parry Interabang, Nowhere, Texas Education Agency Locations: Texas, Austin, ”, Houston, Houston , Texas, Dallas, Dallas , Texas, San Antonio

☆ A new Texas law will override mandated rest and water breaks for construction crews as extreme heat rises
▼ + stars: | 2023-06-29 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Some construction crews in Texas are no longer guaranteed water breaks under a new law. Critics say the law will override the few protections that construction workers in Austin and Houston are guaranteed, including 10-minute breaks every four hours to drink water and rest in the shade. The agency in 2021 started collecting information to help inform a national heat standard for indoor and outdoor workers, but a final rule could be years away. Mahaleris said the law wouldn't prohibit people from taking water breaks. "Access to drinking water and bathrooms, taking breaks in the shade — and there's also an education component that's important."

Persons: Greg Abbott, Daniela Hernandez, Abbott, Andrew Mahaleris, Mahaleris, Hernandez, Lulu Flores, there's Organizations: Service, Central America, Workers Defense Project, Occupational Safety, Health Administration, OSHA, Texans, Big, National Park Service, US Postal Service, Democrat, Austin, GOP Locations: Texas, Texas , Louisiana, Mexico, Central, Austin, Houston, Texas . Texas, California , Minnesota, Washington, North Texas, West Virginia, East Texas

☆ US set to issue $362 mln loan for vehicle wiring production
▼ + stars: | 2023-05-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, May 12 (Reuters) - The U.S. Energy Department on Friday said it intends to loan California startup CelLink $362 million to help finance construction of a U.S. manufacturing facility to improve key vehicle wiring components. The conditional commitment from the government's Advanced Technology Vehicles Manufacturing loan program is for the development of lighter, more efficient flexible circuit wiring harnesses for automotive and other industries. Once fully operational, the Georgetown, Texas facility is expected to produce flex harnesses to support some 2.7 million electric vehicles per year, the department said. CelLink, which already has products installed in more than a million vehicles on the road, currently operates a manufacturing facility in San Carlos. The new Texas facility will eventually hold up to 25 manufacturing lines that will be brought online in stages over the next several years depending on demand.

☆ Elon Musk teases a Tesla Cybertruck tool rack with futuristic shovels
▼ + stars: | 2023-05-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tesla teased a potential new Cybertruck accessory at an event for its lithium refinery on Monday. Elon Musk drove into the ceremony in a Cybertruck that was outfitted with a black rack. Elon Musk on Monday teased what appeared to be a tool rack for Tesla's highly anticipated Cybertruck. Musk drove a Cybertruck outfitted with the black rack into a ceremony for Tesla's new lithium refinery in Texas. Attendees at the Tesla event used shovels similar to those featured on the Cybertruck to break ground on the site of the refinery.

CNN —The Texas Senate passed a bill Thursday requiring each public school classroom to display a copy of the Ten Commandments, a move that drew backlash from civil liberty advocates who say lawmakers should not dictate what religious materials students are exposed to. The legislation, which passed the state Senate on a 17-12 vote, will now head to the state’s House of Representatives. “This Act applies beginning with the 2023-2024 school year,” the bill reads. Senate Bill 1396 also passed with a 17-12 vote. “Parents should be able to decide what religious materials their child should learn, not the (Texas legislature),” the American Civil Liberties Union of Texas said in a statement.

☆ Kupcho expecting different challenge in Chevron defence
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +1 min

April 18 (Reuters) - American Jennifer Kupcho is expecting a very different challenge as she defends her first major title away from the familiar surrounds of last year's triumph, with the Chevron Championship kicking off the women’s major calendar at a new Texas venue after more than 50 years in its former Palm Springs home. Kupcho had yet to clinch a LPGA Tour title before her victory last year, when she held on through a nervy back nine to win by two shots. Yet the world number 20 will find very different conditions this year at Carlton Woods course. The 25-year-old picked up two more wins on the tour after her Chevron title but has struggled to make much of an impact in 2023, most recently finishing tied for 25th at the DIO Implant LA Open. Feel like I have my feet under me and ready to go," Kupcho added.

BASTROP, TEXAS—Elon Musk’s companies are opening facilities across the country that come with promises of skilled jobs and economic growth. But some residents of this mostly rural area near Austin are watching with alarm as farmland turns into industrial development. Mr. Musk’s tunneling venture, the Boring Company , and space-transportation company known as SpaceX, are constructing massive buildings and digging tunnels on more than 200 acres of unincorporated land along the Colorado River. The billionaire’s ambitions there also include a company town, The Wall Street Journal has reported.

WASHINGTON/SAN FRANCISCO, March 15 (Reuters) - A chip plant that South Korea's Samsung Electronics Co Ltd (005930.KS) is building in Taylor, Texas, will cost the world's biggest memory chipmaker over $25 billion, up more than $8 billion from initial forecasts, according to two people familiar with the matter. The increase in cost is primarily due to inflation, the people said, declining to be named because the information was not public. "The higher construction cost is about 80% of the cost increase," one of the sources said. Meanwhile, Intel Corp (INTC.O) announced a $20 billion chip factory in Ohio that it could expand to cost up to $100 billion. Samsung, the world's No.2 contract chip manufacturer, announced its Taylor, Texas, plant in 2021.

Koch unit Georgia-Pacific used a corporate bankruptcy maneuver known as the Texas two-step, forming a new Texas subsidiary, Bestwall, that took on the company's asbestos liability. The latest court documents, filed on Wednesday, provide new detail about how Koch has benefited from the case. Koch has received more than $5 billion since Bestwall filed for bankruptcy in 2017. Representatives for New Georgia-Pacific and Koch Industries did not immediately respond to a request for comment on Thursday. New Georgia-Pacific's shareholder equity is forecast to be about $27.8 billion after accounting for the Koch dividends, according to the Wednesday court filing.

☆ Elon Musk Was Always a Visionary Jerk, Bad Boss at SpaceX, Tesla. but It Won't Work at Twitter.
▼ + stars: | 2022-12-18 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

Elon Musk has a pretty tried-and-true playbook for doing business — he's used it for years to build companies from Tesla to SpaceX. Twitter is the antithesis of an "Elon Musk company." And without a big, world-changing promise to paper over his sophomoric product ideas and erratic management, Musk's Twitter takeover is doomed. No time to wasteA Musk company is usually the first, and sometimes the only, company in a specific market. Based on his most recent quarterly calls with investors — the ones where he is supposed to talk about plans to make more money — Musk does not have one.

We took over four school boards.”“Eleven seats on school boards, took over four!” Bannon shouted as a crowd of CPAC attendees erupted in applause. In the neighboring city of Southlake, Patriot Mobile donated framed posters that read “In God We Trust” to the Carroll Independent School District during a special presentation before the school board. Nearly 200 people signed up to speak during public comments before the board vote at the school board meeting in Grapevine, Texas. Patriot Mobile paid Vanguard Field Strategies nearly $150,000 to run get-out-the-vote canvassing operations across the four school districts, according to financial disclosures. “This is the most extreme board policy that we have seen related to classroom censorship,” Huddleston said.

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