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The rise in power demand for data centers — which are booming from the need to support a new world of AI technologies — is also fueling demand for the providers of data center parts. "Expected power usage for U.S. data centers under construction is equivalent to more than 50% of the power currently used by U.S. data centers. Several years out, even after these data centers are constructed, some expect data center power consumption to double again," analyst Thomas Thornton wrote in a Wednesday note. Management is raising its own capital expenditures for the first time in a decade to meet the power demand for data centers, BofA added. To be sure, analysts mentioned that data center demand will likely exceed supply.
Persons: Thomas Thornton, Thornton, BofA, David Barden, Barden, Equinix, Eaton Organizations: Bank of America, Caterpillar, Management, Realty Trust, Digital Realty, Software, Aspen Tech, Constellation Energy, Dominion Energy
It called this strategy "The AI trade after the trade" and identified 50 stocks that could fall under this category. It takes massive data centers to train and distribute LLMs for public use. An April 17 note from Bank of America led by Thomas Thornton, the head of research marketing, estimates that data centers under construction will initially increase power usage from these facilities by 50%. For the electrical and thermal equipment needed to run data centers, investors can look to Vertiv (VRT), according to Andrew Obin, a research analyst at Bank of America. As demand for data centers grows, these companies are experiencing increased pricing power, according to research analyst David W. Barden.
Persons: Goldman Sachs, there's, Thomas Thornton, It's, Andrew Obin, Michael Feniger, David W, Barden Organizations: Nvidia, AMD, Microsoft, Google, Business, Bank of America, Caterpillar
How U.S. malls survived the death of department stores
  + stars: | 2024-04-14 | by ( Delon Thornton | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow U.S. malls survived the death of department storesAmerican malls are pivoting toward an experiential model less dependent on department stores. U.S. department stores are struggling to compete against newer, online direct-to-consumer competitors and smaller brick-and-mortar retailers that have been able to keep up with the ever changing demand of consumers. And this is causing familiar retailers like JCPenney, Sears and Macy's to close, the latter of which recently announced it would close up to 150 stores.
Persons: Macy's Organizations: JCPenney, Sears Locations: U.S
Department stores — which were historically the most important real estate in the nation's malls — are a different story. Department stores are struggling to compete against new online direct-to-consumer competitors and smaller brick-and-mortar retailers that have been able to keep up with the ever-changing demand of consumers. Top-tier malls, known as Class A malls, are pivoting toward an experiential model, replacing department stores with grocery stores, casinos, gyms, ice skating rinks and, in some cases, even residential apartments. Lower-tier malls are feeling the effects of department store closures more acutely as inflation and economic pressures increasingly split consumers into two categories: luxury shoppers and discount shoppers. Watch the video above to find out more about how malls survived the death of the department store.
Persons: Michael Guerin, That's, America's, Haendel St, Juste Organizations: . Department, JCPenney, Sears, Macy's, Mizuho Securities Locations: Macerich
CNN —Las Vegas is a city brightly lit by it’s rich history, extravagant hotels, luxurious dining experiences, perpetually rolling dice and, of course, one-of-a-kind musical residencies. Here’s a look at some of the most influential musical residencies that have helped define Las Vegas as the entertainment capital of the world. Usher previously performed his “Usher: The Las Vegas Residency” through 2021 at the Colosseum at Caesars Palace. Known as Mr. Las Vegas, the performer has become such a local icon that streets are named after him. Marco Piraccini/Mondadori/Getty ImagesThere was a time where Las Vegas residencies were considered something best suited for artists of yesteryear.
Persons: Mariah Carey, Adele, Garth Brooks, Lionel Richie, Usher Usher, Aaron J, Thornton, WireImage, Jennifer Lopez, Kim Kardashian, Jessica Alba, Zendaya, Usher, Wayne Newton Wayne Newton, Ethan Miller, Wayne Newton, Newton, Wayne, Elvis Presley Elvis Presley, Elvis Presley, , Long, Celine Dion Celine Dion, Tomasz Rossa, Celine Dion, Love, Dion, Diana Ross Diana Ross, Matt Sayles, Invision, Diana Ross, Ross, Ross ’, , Elton John Elton John, Mick Hutson, Redferns, Elton John, he’s, Rocketman, Britney Spears Britney Spears, Marco Piraccini, Britney Spears, Spears, Katy Perry, Lady Gaga, Bono, Adam Clayton, Bram van den Berg, Kevin Mazur Organizations: CNN, Sin, Vegas, Las, Colosseum, Billboard, Tropicana, Getty, Flamingo, Intercontinental, Westgate Las, , Venetian, Caesars, Yamaha, Planet Hollywood, Forbes Locations: Sin City, Vegas, Nevada, Las Vegas
Eating regular, healthy meals, especially shared with loved ones , has also been linked with healthy aging, Thornton-Wood said. Strength training also helps minimize the loss of bone density, which is important for healthy aging, Worthington said. In particular, if you have a strong family history of heart disease, it's important to lay the foundation for a proactive heart health plan now." The American Heart Association recommends following the DASH diet , which stands for Dietary Approaches to Stop Hypertension, for heart health. AdvertisementShe said that giving up smoking is the single most important thing you can do for your heart health.
Persons: It's, , Bryan Johnson, Elaine LaLanne, it's, Clare Thornton, Wood, Thornton, Luke Worthington, Worthington, Nicole Harkin, Harkin, Joanne Whitmore, Whitmore, Charles Puza, Puza, Dale Bredesen, Bredesen Organizations: Service, Business, Getty, Disease Control, Cardiology, American Heart Association, British Heart Foundation, American Academy of Dermatology, Buck Institute for Research, Aging Locations: Thornton, barre, San Francisco, New York, California
Here are Tuesday's biggest calls on Wall Street: Goldman Sachs reiterates Tesla and Rivian as neutral Goldman said further price cuts are needed for Tesla and Rivian. Morgan Stanley downgrades Sunnova to equal weight from overweight Morgan Stanley said in its downgrade of the solar company that it sees stock "dislocation." JPMorgan upgrades Sea Limited to overweight from neutral JPMorgan said the Singapore-based internet tech conglomerate is on an "upswing." JPMorgan initiates Amphastar as overweight JPMorgan said it's bullish on shares of the pharmaceutical company. JPMorgan initiates Metagenomi as overweight JPMorgan said it's bullish on shares of the biotech company.
Persons: Goldman Sachs, Tesla, Goldman, TD Cowen, Arm's, Ian Thornton, Morgan Stanley downgrades Sunnova, Morgan Stanley, Baird, DA Davidson, it's, Jefferies, BJ's, it's bullish, Oppenheimer, Wolfe, Rosenblatt, Moffett, Philip Morris, Guggenheim Organizations: Tesla, Nvidia, NVIDIA, Microsoft, JPMorgan, Jefferies, UBS, disinflation, Barclays, Oracle, Citi, Novo Nordisk, CMD, Costco, Adobe, Williams, Apple, Cable, . Cable, Argus, Guggenheim, Lyft Locations: Singapore, China, Sonoma
Read previewA woman was charged over $1,000 for a Subway sandwich, leaving her strapped for cash and struggling to feed her family, according to reports. For context, this far exceeds the typical costs of a footlong sandwich at Subway, which tends to cost between $6.50 and $12. Bishop told ABC 6 that the charge left her feeling "stressed, overwhelmed," and, at one point, she couldn't even afford groceries because her "account was negative." She told ABC 6 she tried this multiple times but to no avail. "I'm just trying to make ends meet at this point in time," Bishop told ABC 6.
Persons: , Letitia Bishop, WSYC, Bishop, couldn't, I'm, Lee Anne Lanigan, Lanigan Organizations: Service, Subway, Oil, WSYC ABC, Business, ABC, Better Business Bureau Locations: Columbus , Ohio, Ohio
Letitia Bishop was charged $1,021.50 for a Subway order. She finally received a refund after 7 weeks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA woman who was massively overcharged for a Subway order says she has finally received a refund almost two months after the incident in the form of a wad of cash. A receipt obtained by WSYC ABC 6's "On Your Side" showed that Bishop's debit card was charged $1,021.50.
Persons: Letitia Bishop, , she's, WSYC Organizations: Service, Subway Thornton Oil, WSYC ABC, Business Locations: Columbus , Ohio
“And, of course, South Carolina is in the heart of the Southeast.”Job seekers check-in to a job fair at a Schneider Electric manufacturing facility in Hopkins, South Carolina, in January 2023. “You can reach about twice as many people within an 8-hour drive from South Carolina as you can from Florida,” he said. “The housing market and the manufacturing industry, particularly in South Carolina, saw a major increase in demand,” Von Nessen said. South Carolina home sale activity fell by double-digits in 2022 but has since started to stabilize, he said. “We’re just treating so many more patients that we don’t have capacity,” said Thornton Kirby, CEO of the South Carolina Hospital Association.
Persons: ” Joseph Von Nessen, Darla Moore, ” Von Nessen, , it’s, It’s, Sean Rayford, Barrie Kirk, , Von Nessen, Micah Green, “ We’re, Thornton Kirby, Malcolm Isley, “ We’ve, ” Isley, Arnold Kamler, Inc . Kent, Kent, Kamler, Nikki Haley, , Daniel Slim, Scott Huffmon, Donald Trump, Haley, they’d Organizations: CNN, Palmetto State, of Labor Statistics, University of South, of Business, North, SC Council, Competitiveness, Bureau of Labor Statistics, Labor, Midlands Technical College, Technical College Midlands Technical College, Schneider, Bloomberg, Getty, Census, US Federal Reserve, US News, South Carolina Hospital Association, , Prisma, Health Prisma Health, Greenville Technical College, Health Center for Health, Life Sciences, Kent International, Walmart, Kent, Inc ., Winthrop University, , Charleston City Market, Winthrop’s Center, Public, Research, Palmetto, Republican, Trump, CBS Locations: South Carolina, South, , Carolina, Myrtle Beach , South Carolina, North America, University of South Carolina, West Columbia, United States, Hopkins , South Carolina, Florida, droves, Myrtle Beach, , Manning, New York City, Georgia, Charleston, AFP
How the hyped-up ghost kitchen trend fizzled out
  + stars: | 2024-02-17 | by ( Delon Thornton | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the hyped-up ghost kitchen trend fizzled outGhost kitchens were seen as the savior of the restaurant industry in the pandemic. Investors pumped over $3B into the group and companies like Wendy's and Ruby Tuesday joined in opening their own ghost kitchens. But, Americans appetite shifted back to brick-and-mortar restaurants and ghost kitchens saw a sharp pullback in 2023, marred by mass closures and consumer backlash. Now the industry's future is in limbo as the once favored business model sinks.
Persons: Ruby Organizations: Investors
There's one food delivery trend, however, that hasn't gone along for the ride: ghost kitchens. Euromonitor International estimated that the ghost kitchen industry could reach a market size of $1 trillion by 2030. Companies such as Wendy's, Ruby Tuesday, TGI Fridays and Wingstop all joined the wave of ghost kitchens. Consumers complained about the clandestine nature of ghost kitchens, and food delivery apps shuttered thousands of the virtual kitchens. Then consumers shifted back to brick-and-mortar restaurants in droves, forcing investor pullback and mass closures of ghost kitchens.
Persons: hasn't, Ruby, Evert Gruyaert, Camilla Opperman, Nimbus Organizations: Euromonitor International, Big, Deloitte Locations: New York City
But the 32-year-old, who has 2.1 million Instagram followers, had no idea he’d come to be idolized by a subset of teenage boys and young men known as looksmaxxers . Advertisement“Hardmaxxing,” meanwhile, includes “more extreme ways of going about the way you look,” Shami said, such as getting fillers, botox, and plastic surgery, which he denies having. Young men are becoming more body-consciousIt’s unclear why looksmaxxing has suddenly become popular. The rise of looksmaxxing and starvemaxxing could reflect how such concerns are on the rise among young men, too. All the while, lost young men are left to work out what’s real and what’s trolling.
Persons: chiseled jawline, Francisco Lachowski, Jordan Barrett, Brad Pitt, ” Lachowski, TikTok influencers, Looksmaxxing, Kareem Shami, looksmaxxing, , , , ” Shami, TikTok, Shami, Starvemaxxing, Starvemaxxing isn't, ” Kareem Shami, Clare Thornton, Wood, Elizabeth Daniels, Johan Drumev, Drumev, ” Johan Drumev, Johan Drumev Lachowski, it’s, Young, Daniels, gaunt, ” Thornton, Lachowski Organizations: Business, BI, TikTok, British Nutrition Foundation, Pediatric, University of the, University College London Locations: looksmaxxing, Brazil, Brazilian, San Diego, England, Dubai
In the past, leading opposition figures in Putin’s Russia who stood up to him and who questioned his authority have tended to be dealt with harshly. Life in Putin's Russia View All 14 ImagesThe liberal Boris Nemtsov was killed, for instance, in 2015 outside the Kremlin (supposedly by agents linked to Putin’s FSB). He needs the election to be seen as “clean” as a means of cementing his legacy as Russian state leader. As leader, Putin has regularly been recorded as enjoying popular support. While Putin does appear now to enjoy a high degree of popularity in Russia (albeit largely media-engineered), this may not last.
Persons: Rod Thornton, Vladimir Putin, Putin, Tsar Peter the Great, Nikolai Kharitonov, Putin –, Yekaterina Duntsova, Boris Nemtsov, Alexei Navalny, Mikhail Khodorkovsky, , Alexander Lukashenko Organizations: Communist, Kremlin, St, International Studies , Defense, Security, King's College Locations: Russia, Soviet, Ukraine, Putin’s Russia, Siberia, Navalny, London, Russian, Moscow, St Petersburg
Las Vegas hopes to hit the jackpot with the Super Bowl
  + stars: | 2024-02-10 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +10 min
CNN —When Super Bowl Sunday rolls around each year — whether it’s in Miami, New Orleans, Los Angeles or Minneapolis — Las Vegas still draws the crowds. It took years — and a Supreme Court ruling legalizing sports betting — for the National Football League to view Las Vegas in a different light. “We’re sold out, have been for the last month,” said Paul Hobson, general manager of the Sahara Las Vegas hotel-casino. “Las Vegas has a lot of people going there for Super Bowl weekend anyway,” Stephenson said. Additionally, the visitors it attracts spend a whole lot more than the ones who would show up on your typical Super Bowl weekend, Hill said.
Persons: they’ve, Steve Hill, ” Hill, , Hill, We’re, , Paul Hobson, It’s, Aaron J, Thornton, famer Michael Irvin, ” Hobson, Noel Bowman, you’re, ” It’s, Bowman’s, “ We’ve, Vince Lombardi, Ethan Miller, Frank Stephenson, ” Stephenson, Kirby Lee, “ We’re, “ That’s, Winston Fisher, David Farris, Café Lola, George Kittle, Travis Kelce, Lin Jerome, Lola, Alexandra Lourdes, “ It’s, Felicia Parker, she’s, Parker, it’s, Harry Reid Organizations: CNN, Minneapolis —, Football, Super, Las Vegas Convention, Visitors Authority, Las Vegas, National Football League, Playmakers Party, FHM, famer, NFL, Sunday, Visitors, Las, Super Bowl, Priceline, Berry College, of Sports Economics, USA, Reuters, Bowl, Business Connect, , Harry, Harry Reid International Airport Locations: it’s, Miami , New Orleans, Los Angeles, Minneapolis, Vegas, Sin City, Las Vegas, Sahara, Mandalay Bay, Mount Berry , Georgia
Enter a pocket-sized red book known as the Michelin Guide. As a result, more French people had a desire to tour the country, making the Michelin Guide increasingly essential. The Michelin Guide now covers over 30,000 restaurants across three continents and more than 30 million guides have been sold. Addison is one of 13 three-star Michelin restaurants in the US and the only one in all of Southern California. A Michelin logo on a chef's uniform at the gala presentation of the Michelin Guide Spain on December 14, 2021.
Persons: André, Édouard Michelin, André Michelin, Édouard, Olivier Darmon, Guenter, ” Darmon, Darmon, ” William Bradley, Addison, William Bradley, Lauren di Matteo Addison, Bradley, ” Bradley, , Roberto Alcocer, Christophe Bellanca, Christophe, Jordan Younis, Liz Clayman, Christophe Bellanca’s, they’re, Gwendal Poullennec, Richard Saker, Christophe Bellanca's, Alan Batt, ” Poullennec, Taylor Swift’s, Jorge Gil, Carbone, Jay, Kim Kardashian, Barack Obama, It’s, didn’t, Kevin Thornton’s, ” Thornton, Thornton, Michelin “, Bobby Yip, don’t, ’ ”, Alcocer, He’s, ” Bellanca Organizations: New, New York CNN, Michelin, Ferrand, Michelin Tire Company, Compagnie, des, Culture, AAA, CNN, Washington Post, Bellanca, Michelin Guides, Spain, Europa Press, Major Food Group, Irish Times, Conted, Reuters Locations: New York, Clermont, Paris, France, Europe, United States, San Diego, Southern California, Addison, Valle, Mexican, Oceanside, Oceanside , California, New York City, Cartmel, Cumbria, England, Kevin Thornton’s Dublin
MEMPHIS, Tenn. (AP) — Jurors in the trial of two men charged with killing Young Dolph will come from outside of Memphis because of intense media coverage of the fatal shooting in the rapper’s hometown, a judge ruled Friday. A jury will be be brought to Memphis from outside of Shelby County for the June 3 trial of Johnson and Cornelius Smith Jr. Both men have pleaded not guilty to first-degree murder charges in the daytime ambush of Young Dolph, who was buying cookies at a Memphis bakery when he was gunned down in November 2021. Young Dolph, whose real name was Adolph Thornton Jr., was a rapper, producer and independent music label owner. A neighborhood street was named after Young Dolph after his death.
Persons: Young Dolph, Jennifer J, Mitchell, Justin Johnson’s, Johnson, Cornelius Smith Jr, ” Mitchell, Adolph Thornton Jr, Luke Evans, Evans, Paul Hagerman, Hagerman, ” Hagerman, “ We're, Hernandez Govan, Jermarcus Johnson, Smith, Justin Johnson Locations: MEMPHIS, Tenn, Memphis, Shelby County, , Castalia
None of the children aboard the bus were hurt, city spokesperson Emily Roy said. The incident began with reports of gunshots being exchanged between people in two vehicles, said city spokesperson Andrew Dickinson. The vehicles then moved toward the busy intersection where the crash with the school bus occurred, Dickinson said. A red Dodge Charger took off while the suspects from a second vehicle, an SUV, got out and ran. Marshals Service in Portland, Maine, confirmed it was on scene helping the Saco Police Department — part of a large police presence in downtown Saco.
Persons: Emily Roy, Andrew Dickinson, Dickinson, , ___ Perry Organizations: Schools, Local, ” Police, Dodge, U.S . Marshals Service, Saco Police, Thornton Academy, Locations: SACO , Maine, Saco , Maine, Portland , Maine, Saco, downtown, Maine, Meredith , New Hampshire
Don Murray, the boy-next-door actor who made his film debut as Marilyn Monroe’s infatuated cowboy in “Bus Stop” in 1956 and played a priest, a drug addict, a gay senator and myriad other roles in movies, on television and onstage over six decades, has died at 94. His son Christopher confirmed the death but provided no other details. In the postwar 1950s, when being sensitive, responsible and a “nice guy” were important attributes in a young man, Mr. Murray was a churchgoing pacifist who became a conscientious objector during the Korean War. He fulfilled his service obligation by working for two and a half years in German and Italian refugee camps for $10 a month, assisting orphans, the injured and the displaced. Back from Europe in 1954, he settled on an acting career focused on socially responsible themes.
Persons: Don Murray, Marilyn Monroe’s, Christopher, Murray, ” Thornton, Helen Hayes, Mary Martin Locations: Europe
Read previewChina Evergrande — the world's most indebted property developer — received a liquidation order from a Hong Kong court on Monday, but there may be little left to recover, said experts. Hong Kong-listed China Evergrande Group's stock price plunged 21% before the court hearing. But several experts BI spoke to prior to Monday's court order said Evergrande's liquidation will be challenging. AdvertisementIt's bad news for creditors, Mat Ng, the managing director at Grant Thornton, a professional services firm that specializes in restructuring, told BI. Despite the complications that could come with Evergrande's liquidation, there may be some upside in the longer run.
Persons: , Evergrande, Liquidators, Linda Chan, Chan, Siu Shawn, Mat Ng, Grant Thornton, Ng, That's, John Bringardner, Bringardner, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Evergrande, Reuters, Trading, Securities Times, Deloitte, Investors, Orient Capital Research Locations: China, Hong Kong, Evergrande, Asia
Nearly one in five Americans said they plan to travel less in 2024, with most citing costs as the reason , according to Intrepid Travel's 2024 Outlook Survey. And for some 70% of respondents of Intrepid's survey, that means avoiding peak season trips. Enter the era of "shoulder season" travel — or vacations booked between high and low seasons — which allows for cheaper trips, thinner crowds and better weather. Travelers are typically adults without school-aged children, however "parents are increasingly willing to take kids out of school for travel," he told CNBC Travel. Similar patterns of year-round travel are happening in parts of the Caribbean and Mexico, too.
Persons: James Thornton, Kiatphaibool, CNBC's Organizations: Intrepid, Intrepid Travel, CNBC Travel, Tourism Authority of Locations: Tourism Authority of Thailand, Caribbean, Mexico
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNotable that there's been a 'frenzy' of interactions between U.S. and China in January: AnalystSusan Thornton, senior fellow at Yale Law School's Paul Tsai China Center, discusses the meeting of U.S. National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi, and the urgency of stabilizing ties ahead of a busy election year.
Persons: there's, Susan Thornton, Yale Law School's Paul Tsai, Jake Sullivan, Wang Yi Organizations: Yale Law, Yale Law School's Paul Tsai China Center, U.S . National, Foreign Locations: China
Thursday, Jan. 25, 2024: Cramer says this semiconductor holding is 'touched by an angel'Jim and Jeff discuss why the positive news around this semiconductor stock. They also talk about downgrading this industrial stock. Finally, they break down which stocks they're watching.
Persons: Cramer, Jim, Jeff
Am I That Guy? A View From the Front Rows in Paris
  + stars: | 2024-01-24 | by ( Guy Trebay | ) www.nytimes.com   time to read: +1 min
Am I that guy? (And truth, Blakely Thornton, Kim Kardashian’s Balenciaga era probably was just high-priced “Power Rangers” cosplay.) Yet it felt important to keep in mind how powerful an economic engine men’s wear remains. By some measures, that growth will increase in the next decade to $988 billion. Another question follows from the first, though, a corollary to whether one is that guy.
Persons: I, Blakely Thornton, Kim Kardashian’s Organizations: Power Rangers, Research Locations: Milan, Paris
(AP) — A military veteran charged with attacking police officers with a baton during a mob's Jan. 6, 2021, attack on the U.S. Capitol was ordered released from custody on Tuesday, a day after his arrest. Assistant U.S. Attorney Lyman Thornton III said authorities found an AR-15 rifle and ammunition when they searched Richmond's Louisiana home this week. Political Cartoons View All 253 ImagesHowever, U.S. Magistrate Judge Erin Wilder-Doomes ordered Richmond's release from custody after a detention hearing attended by relatives, including his 16-year-old son. Richmond was arrested Monday in Baton Rouge on charges including civil disorder and assaulting, resisting or impeding police with a dangerous weapon. Richmond initially was charged with unpremeditated murder, which carries a maximum sentence of life in prison.
Persons: Edward Richmond Jr, Attorney Lyman Thornton III, Richmond, Thornton, ” Thornton, Erin Wilder, Doomes, Wilder, , , John McLindon, Richmond hasn't, ” McLindon, Muhamad Husain Kadir, herder, Kadir, Michael Kunzelman Organizations: U.S . Capitol, U.S . Army, U.S, Attorney, Capitol, Army, Associated Press Locations: BATON ROUGE, La, Iraq, Louisiana, Richmond, Baton Rouge, Geismar , Louisiana, Taal Al Jai, Silver Spring , Maryland
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