DIRS.INFO The most relevant business & tech news

☆ A bottom-up approach to AI adoption can drive innovation and inclusion, a Cisco EVP says
▼ + stars: | 2024-10-17 | by ( Jean Paik | ) www.businessinsider.com time to read: +8 min

Katsoudas says AI adoption should start on the day-to-day level and be focused on skills training. What AI transformations are taking place at Cisco and among your workforce? From a technology perspective, at Cisco there have always been three different motions that are going on. As leaders, we're going to have a level of workforce planning insights that we've never had before because AI is going to help us with this. In technology roles, it was kind of easy because you could just send out a quick coding exercise and understand who had the capabilities.

Persons: Francine Katsoudas, —, Katsoudas, Microsoft —, It's, we've Organizations: Service, Cisco —, Google, Intel, Microsoft, Cisco

☆ CNBC Daily Open: Strong earnings, macro conditions driving stocks higher
▼ + stars: | 2024-10-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article KBE.IXIC.SPX.DJIASML-NLDAMZN.FTSEMS Follow your favorite stocks CREATE FREE ACCOUNTThe Morgan Stanley headquarters in New York, US, on Monday, Oct. 14, 2024. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Morgan Stanley , for one, reported third-quarter figures that surpassed earnings and revenue estimates. The bank's profit jumped 32% from a year ago, far outstripping the LSEG estimate and topping several other big banks' income growth. The investment banking business was a main source of profit for Morgan Stanley.

Persons: DJI ASML, Morgan Stanley, Michael Nagle, Piper Sandler, – CNBC's Hugh Son, Alex Harring, Jeff Cox, Lisa Kailai Han, Jesse Pound Organizations: Bloomberg, Getty, CNBC, Dow Jones, Nasdaq, U.S . Federal Reserve, P Bank ETF, UBS, U.S . Labor Department Locations: New York, Wall

☆ IMF chief warns 'not yet time to celebrate' as low growth and high debt weigh on global economy
▼ + stars: | 2024-10-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. "When we look into the challenges ahead of us, the biggest one is low growth, high debt. "It is successful major economies that have done really well … and there are pockets in the world where inflation is still a problem," she said. Georgieva warned that international trade would no longer be the "engine of growth" it once was, highlighting the proliferation of restrictive policies among many economies. Earlier on Thursday, Georgieva also pointed to wider geopolitical tensions as one of the key risks to global financial stability.

Persons: Kristalina Georgieva, Karen Tso, Georgieva, Ukraine — Organizations: International Monetary Fund, IMF, CNBC, Washington DC, World Bank Group, European Union, Ukraine Locations: Washington, U.S, China, United States

☆ AI helped Uncle Sam catch $1 billion of fraud in one year. And it’s just getting started
▼ + stars: | 2024-10-17 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The federal government’s bet on using artificial intelligence to fight financial crime appears to be paying off. The Treasury Department credited AI with helping officials prevent and recover more than $4 billion worth of fraud overall in fiscal 2024, a six-fold spike from the year before. US officials quietly started using AI to detect financial crime in late 2022, taking a page out of what many banks and credit card companies already do to stop bad guys. The Treasury’s use of AI to fight financial crime is just getting started. Officials are testing new data sources to better spot fraud and shady payments, and they are teaming up with state agencies to fight unemployment insurance fraud.

Persons: That’s, “ It’s, Renata Miskell, ” Miskell, it’s, It’s, Janet Yellen, Yellen, Miskell, ” Organizations: New, New York CNN, US Treasury Department, CNN, Treasury, Treasury Department, Social Security, Internal Revenue Service, Juniper Research Locations: New York, Hong Kong

☆ CNBC's Inside India newsletter: The changing face of India's rich
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.

Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S

WASHINGTON — The Supreme Court on Wednesday allowed the Biden administration at least in the short term to enforce its latest attempt to curb climate-harming carbon emissions from coal- and gas-fired power plants that contribute to climate change. The Supreme Court is often skeptical of major agency actions but it has bucked that reputation in recent weeks. Under the proposed rule, the EPA wants to require “carbon capture,” a technique that uses solvents to remove carbon dioxide from a power plant’s emissions. The appeals court in July declined to block the regulation, saying the major questions doctrine did not apply on this occasion. In court papers, the challengers sought to portray the new regulation as being essentially the same as the one the Supreme Court struck down.

Persons: WASHINGTON —, Biden, Clarence Thomas, Samuel Alito, Brett Kavanaugh, Neil Gorsuch, Patrick Morrisey, Vicki Patton, Donald Trump, ” Morrisey, Elizabeth Prelogar, Prelogar Organizations: Republican, Environmental Protection Agency, U.S ., Appeals, District of Columbia Circuit, West Virginia, Environmental Defense Fund, Democratic, EPA Locations: West Virginia, U.S, EPA’s bailiwick, ”

☆ MLB playoff viewership surges as big market stars vie for World Series
▼ + stars: | 2024-10-16 | by ( Jake Piazza | ) www.nbcnews.com time to read: +3 min

The first game of the American League Championship Series on Monday night between the New York Yankees and Cleveland Guardians saw an uptick of 4% from 2023, grossing 3.9 million viewers, according to a TNT Sports spokesperson. The championship series gains come right after four successful league division series for MLB and its broadcast partners. The American League Division Series averaged 3 million viewers, a more than 20% increase from 2023, according to TNT Sports. Viewership for the National League Division Series rose too, with game four in each series climbing from 2022. The Yankees have a 2-0 game lead against the Guardians, and the Mets-Dodgers series is tied at 1-1.

Persons: Rob Manfred, Ohtani, Aaron Judge, ” Eldridge, Todd Boehly, CNBC’s Scott Wapner, ”, Jose Ramirez Organizations: League, National League, New York Mets, Los Angeles Dodgers, Fox Sports ’, Fox Sports, American League, New York Yankees, Cleveland Guardians, TNT Sports, New, NFL, MLB, Texas Rangers, Arizona Diamondbacks, “, Dodgers, Yankees, Major League Baseball, Mets, Guardians, Kansas City Royals

The “angels” of Victoria’s Secret descended on the runway Tuesday at the lingerie brand’s Fashion Show, marking the return of the once-famed event, which had gone on yearslong hiatus following controversy. Wearing variations of the brand’s signature wings, the models walked down the aisle to live performances by Cher, Tyla and Lisa. Cher headlines all-women lineup of performersCher performs at the Victoria's Secret Fashion Show. And Lima, one of the best-known Angels in Victoria’s Secret history, returned to the runway at 43 after having retired at the company’s last fashion show in 2018. Longtime model Carla Bruni, also a singer and the former first lady of France, walked her first VS Fashion Show this year at 56.

Persons: Tyra Banks, Kate Moss, Hadid, Adriana Lima, Cher, Tyla, Lisa, Janie Schaffer, “, Angela Weiss, ”, ” Tyla, —, Gigi Hadid, Gigi, Taylor Swift, Swift, Gigi’s, Bella Hadid, Jasmine Tookes, Behati Prinsloo, Barbara Palvin, Taylor Hill, Candice Swanepoel, Ashley Graham, ” Graham, Claudia Schiffer, Schiffer, Carla Bruni, Banks, Strutting Organizations: Amazon Prime, ”, Getty, Angels Locations: South African, Lima, France

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

☆ US, China stimulus are good news for emerging markets: Portfolio manager
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUS, China stimulus are good news for emerging markets: Portfolio managerDerrick Irwin of Allspring Global Investments sees stimulus from the U.S. and China as big factors that can drive growth for emerging economies. He also shares his top picks in the emerging-market space, one of them he describes as a contrarian call.

Persons: Derrick Irwin Organizations: Allspring Global Investments Locations: China, U.S

☆ Elon Musk gives pro-Trump PAC $75 million, announces Pennsylvania voter tour
▼ + stars: | 2024-10-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Musk, the world's richest man, has given nearly $75 million to America PAC, the super political action committee he created earlier this year largely to back Trump, new Federal Election Commission filings reveal. Nearly $72 million of that money has already been spent, the disclosure report shows. The PAC, which was formed in late May, reports having spent a total of $102 million on the presidential race so far, FEC filings show. Unlike most super PACs, however, America PAC is not spending its money to reserve expensive television air time to run ads. Instead, the group's filings show that it is paying canvassers and funding direct mail, texts and phone banking.

Persons: Tesla, Elon Musk, Donald Trump's, Musk Organizations: SpaceX, Republican, America PAC, Trump, PAC

☆ Diamond Sports, FanDuel reach naming rights agreement for regional sports networks
▼ + stars: | 2024-10-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

More change is coming to Diamond Sports' regional sports networks. Diamond Sports said in the filing that if it is able to emerge from bankruptcy protection, FanDuel will be a "long-term naming rights partner." The new naming rights agreement would also give FanDuel the right to buy up to 5% of equity in the reorganized company and get performance warrants for up to 5% of equity. A naming rights deal was later signed with gaming company Bally's Corp . Some NBA teams that have left the regional sports networks have turned to local broadcast stations to air local games.

Persons: Diamond, FanDuel, Sinclair Organizations: Diamond Sports, Bally Sports, National Hockey League, National Basketball, NBA, NHL, Fox Corp, Disney, Fox Sports, Bally's Corp, Sinclair, Major League Baseball, MLB, Atlanta Braves, San Diego Padres, Arizona Diamondbacks, Milwaukee Brewers, Cleveland Guardians, Minnesota Twins, Dallas Stars, Anaheim Ducks, Parent Locations: Canada

☆ The sun is at its 11-year maximum. That means another year of eruptions that can endanger satellites, ground flights, and spark stunning auroras.
▼ + stars: | 2024-10-16 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

NASA says the sun is in the highly active "maximum phase" of its 11-year solar cycle. That means there will probably be big solar storms bringing beautiful aurora in the next year or so. Solar eruptions can also disrupt GPS, delay flights, and even knock out power grids. NASA announced Tuesday that the sun is in the "maximum phase" of its 11-year solar cycle, which basically means it's hyperactive. National Weather Service in Shreveport, LABut solar eruptions can also endanger satellites, astronauts, and even power grids here on Earth.

Persons: —, Kelly Korreck, Morgan McFall, Johnsen, Elsayed Talaat, Bill Murtagh, Murtagh, Lisa Upton, they'd, it's, Upton Organizations: NASA, Service, National Weather Service, NASA's, National Oceanic, Atmospheric Administration, NOAA, Prediction Locations: Arizona, California, Shreveport , Louisiana, Shreveport, LA, NASA's Heliophysics, Sweden, Arkansas, San Francisco

☆ Hakeem Jeffries pitches calm governance over chaos as Democrats seek the House majority
▼ + stars: | 2024-10-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ali-Vitali-Circle-Byline-Template.Jpg | Ali Vitali | ) www.nbcnews.com time to read: +7 min

ALBUQUERQUE, N.M. — The way Leader Hakeem Jeffries sees it, House Democrats haven’t held the majority this Congress — but they’ve governed as if they did. Jeffries is hoping to win back the House majority with twin messages of “people over politics” and a promise to curb the chaos of the House GOP. And while he said that House Democrats will strive to work with “traditional Republican colleagues on any issue, whenever and wherever possible,” he sees Trump as different. What Democrats would doAs speaker, Jeffries would be responsible for setting the House’s agenda for the first time in his career. His predecessor, Pelosi, led House Democrats for 20 years both as the minority leader and as speaker.

Persons: Hakeem Jeffries, Democrats haven’t, we’ve, Jeffries, ”, Nancy Pelosi speakership, Katherine Clark of, Pete Aguilar, Gabe Vasquez, —, Anna Padilla, Susan Wild, Kevin McCarthy, ” Jeffries, he’s, Kamala Harris, it’s, Trump, Donald Trump, MAGA, Mike Johnson, Pelosi, he'll, Harris, Harris ’, Roe, Wade Organizations: Democrats, House Democratic, NBC News, GOP, Democratic, Congressional District, Republican, Bloomberg, Getty, Brooklyn, “, MAGA Republicans, Child Tax, House Democratic Caucus Locations: ALBUQUERQUE, N.M, Jeffries, Katherine Clark of Massachusetts, Pete Aguilar of California, New York, California, Albuquerque , New Mexico, Vasquez, New Mexico, Pennsylvania, United States of America

☆ How the world’s largest tech event is forging a future AI economy
▼ + stars: | 2024-10-15 | by ( ) edition.cnn.com time to read: +6 min

A next generation agendaGITEX GLOBAL will span 40 halls across two locations, bringing together the entire international technology community to set the global agenda for the future AI economy. With the global AI market projected to reach $2.7 trillion by 2032, the event will showcase the latest advancements driving this remarkable growth. GITEX GLOBAL 2024 AGENDA MONDAY: TECH INVESTMENT DAY - Explore the latest investment trends that are reshaping global wealth. In addition, the World Future Economy Digital Leaders Summit will see global innovators and influential leaders address critical priorities shaping the future of technology. By bringing together diverse stakeholders from across the globe, the event is poised to shape the future of the AI economy and reinforce Dubai’s vision of becoming a global tech hub.

Persons: Martin Pfeiffer, Fabrizio del Maffeo, Alexander Zhavoronkov, Dr, Diane Janosek, Brett Johnson, Ekaterina Serban, Surinder Organizations: Dubai World Trade, Dubai Harbour, TECH, Tech, Google, Huawei, IBM, Microsoft, Nvidia, Oracle, European NVIDIA, ”, InSilico, supercomputing, UAE Cybersecurity Council, TCB, National Security Agency, Pentagon, Bosch, Paramount Locations: Dubai, European, Hong Kong

☆ A La Niña winter is coming. Here’s what that could mean for the US
▼ + stars: | 2024-10-15 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

La Niña isn’t here yet, but has a 60% chance of emerging through November, according to the Climate Prediction Center. While it’s still unclear just how strong La Niña will get, current forecasts favor a weaker one. That outlook could be change when the center releases its latest forecast on Thursday based on trends toward a weaker La Niña. CNN WeatherThis is due to the behavior of the jet stream — essentially a river of air that storms flow through — which often shifts north during a La Niña winter. La Niña had a hand in the extremely wet winter much of the state endured from December 2022 to February 2023 and during the wet winter before that.

Persons: it’s, El Niño, El, Niño, Emily Becker, ” Becker, Niña, It’s Organizations: CNN, El, Northern, La, University of Miami, Dakotas, Niña Locations: United States, Northeast, Midwest, Pacific Northwest, East Coast, Plains, Northern California, Southern California

☆ New dating apps and social-networking startups are gaining steam. Read pitch decks 6 used to raise millions of dollars.
▼ + stars: | 2024-10-15 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

New social-networking and dating startups are coming onto the scene. Here are the pitch decks six startups used while raising Series A and seed rounds. Founders of these startups are tackling problems like loneliness, dating app fatigue, and general dissatisfaction with the current social-media incumbents. Meet 7 VC investors eyeing new social startupsBI spoke with several social-media and dating app founders about how they are raising capital — including the pitch decks they used to raise millions of dollars. Read the pitch decks that helped 6 social-networking and dating startups fundraise millions of dollars:Note: Pitch decks are sorted by investment stage and size of round.

Persons: —, Isabella Epstein's, Tiffany, Daybreak Ventures Rex Woodbury, Catalyst, Mervana Parekh, It's, Marlon Nichols Organizations: Service, IRL, Big Tech, Daybreak Ventures, Business, Tinder, Acrew, Mac Venture

☆ Watch CNBC's full interview with Mobius Emerging Opportunities Fund's Mark Mobius
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Mobius Emerging Opportunities Fund's Mark MobiusMark Mobius, Mobius Emerging Opportunities Fund chairman, joins 'Closing Bell Overtime' to talk investing in China, risk in the Middle East and more.

Persons: Mobius Mark Organizations: Mobius, Fund Locations: China

☆ Earnings ramp up this week. Here’s what to watch for this season
▼ + stars: | 2024-10-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Earnings will be the main event this week, as Wall Street looks to add to recent record-setting gains. Nearly 40 S & P 500 companies are scheduled to post third-quarter results this week. Check out our latest Earnings Playbook for more on the names reporting this week. The 30 S & P 500 names that reported last week beat earnings expectations by an average of 5%, according to Bank of America. The S & P 500 closed above 5,800 for the first time on Friday.

Persons: Goldman Sachs, Morgan Stanley —, Ohsung Kwon, Banks, JP Morgan, corporates, Kwon, Fastenal, Lori Calvasina, It's, Dow Organizations: Netflix, Bank of America, RBC Capital Markets, Big, Dow Jones Industrial, Federal Reserve

☆ Russia pitches trading centers in a widening plan to move away from the US-dominated global financial order
▼ + stars: | 2024-10-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Russia is proposing alternative payment systems and commodity centers. Challenges include entrenched dollar dominance and existing global trading systems' liquidity. Other than championing alternative payment systems based in non-dollar currencies, Russia is also pitching the set-up of centers for mutual trade in commodity resources. Moving BRICS trade to trading centers within the bloc would also involve the use of local currencies and facilitate a move away from using the dollar for trade, according to the document. Russia faces an uphill battle in changing the basics of dollar-dependent financial trading systems.

Persons: —, Yakov, Brent Organizations: Service, Russia's Finance Ministry, Partners, Tass, Chicago Mercantile Exchange, Grain, country's Agriculture Ministry, Brent, International Monetary Fund Locations: Russia, Moscow, Ukraine, Brazil, India, China, South Africa, Russian, Pakistan, Kazan, masse, Scotland

☆ Diversifying with an Asia fund safer than just being in China: emerging markets investor Mobius
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiversifying with an Asia fund safer than just being in China: emerging markets investor MobiusMark Mobius, Mobius Emerging Opportunities Fund chairman, joins 'Closing Bell Overtime' to talk investing in China, risk in the Middle East and more.

Persons: Mark Organizations: Fund Locations: Asia, China

☆ Trump’s extreme vision for America hikes pressure on Harris
▼ + stars: | 2024-10-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump is invoking a vision of an extreme new White House term that would transform America and rock the world. And Vice President Kamala Harris has only three weeks to avert it, as she struggles to restore momentum in a neck-and-neck race to Election Day. Supporters of Vice President Kamala Harris listen to her speak during a rally at Ripon College, in Wisconsin, on October 3. With the nation in such a sour mood, Harris’ incumbency as vice president is a liability. His post underscored what Harris represents for those who fear the very real prospect of Trump’s return.

Persons: Donald Trump, Kamala Harris, Trump baselessly, Harris, “, ”, heckler, Trump, Joe Biden, Sen, JD, genuflection, Vladimir Putin, Bill Clinton, Barack Obama —, “ He’s, Jim Vondruska, Dread, Hillary Clinton, Biden, he’s, ABC’s, it’s, Trump’s, Will Harris, Brendan Smialowski, Doug Sosnik, Harris plateaued, David Chalian, Sosnik, ” Harris, Obama, ” Obama, “ Donald Trump, Chris Murphy, ” Murphy Organizations: CNN, Republican, Sunday, Fox News, Democratic, CBS, Kremlin, Trump, Ripon College, Democrats, ABC, NBC, Electoral College, White, NBC News, Air Force, Joint Base Andrews, Getty Images, Connecticut Democrat Locations: ”, Ohio, Arizona, Colorado, United States, illegals, California, Covid, Russian, North Carolina, Wisconsin, Afghanistan, Pennsylvania, Michigan, Georgia, Maryland, America, Connecticut

☆ Macao's next leader wants to wean economy off gambling
▼ + stars: | 2024-10-14 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Slated to become the next leader of Macao, Sam Hou Fai wants to steer China's special administrative region further away from its heavy reliance on gaming and gambling. Formerly Macao's top judge, Sam was elected Macao's next leader in an uncontested vote on Sunday. In the lead-up to his selection, the 62-year-old identified the diversification of Macao as an urgent issue to address. He added he would consider creating public funds to promote the development of emerging industries outside gaming and gambling. However, that reliance backfired during the Covid-19 pandemic when the gambling and gaming industries took major hits from border closures and social distancing policies.

Persons: Sam Hou Fai, Sam, Macao's, Ho Iat Seng, wouldn't, Seng Organizations: Trade, Beijing Locations: China, Macao, Greater China, Beijing

☆ This niche AI play is seeing business growth rates that are triple the pace of the data centers
▼ + stars: | 2024-10-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

As artificial intelligence fuels the boom in data center growth, investors are eyeing a new frontier: the companies keeping these digital powerhouses cool. That's because historically, data centers used air cooling to manage the heat generated by traditional cloud applications. Triple data center growth Vertiv and Modine are legacy air cooling players that entered the liquid cooling market through acquisitions, while nVent is a pioneer. "The need for liquid cooling is not cannibalizing the need for mechanical (air) cooling," Matt Summerville, an analyst at D.A. "The need for liquid cooling is not cannibalizing the need for mechanical (air) cooling," Matt Summerville, an analyst at D.A.

Persons: Modine, there's, Dean Dray, Matt Summerville, Davidson, Summerville, William Blair, Brian, nVent, Dray, Vertiv, Jefferies, Saree Boroditsky, Boroditsky Organizations: Modine, RBC Capital Markets, CNBC, D.A, CoolTerra, TMG, Scotts, Scotts Springfield Manufacturing, Asia Pacific, CDU, Summerville, Luza Locations: Scotts Springfield, Asia, Summerville

Florida communities grapple with destruction after Hurricane Milton. And Barack Obama talks about “real strength” at a rally for Kamala Harris. Florida embarks on road to recovery after MiltonAt least 16 people have been confirmed dead in Florida after tornadoes touched down and Hurricane Milton slammed into the state this week, leaving a trail of damage and devastation. Milton was the fifth hurricane to hit Florida’s barrier islands in two years, but steadfast residents say living there is worth the risk. More Hurricane Milton coverage:1 dead, 23 rescued after Colorado tourist mine malfunctionAt least one person is dead after an elevator equipment malfunction at a tourist mine in Colorado.

Persons: Hurricane Milton, Barack Obama, Kamala Harris, Milton, ” Fort Myers Beach Mayor Dan Allers, Kathleen Mine, Fisher, Price, Price Snuga, Richard Trumka Jr, “, ”, Obama, Trump, Harris, I’ve, Tim Walz, Read, ➡️ Harris, Howard Stern, Joy Behar, Stephen Colbert, Harris sidestepped, Joe Biden, ➡️, ➡️ Trump, Russian Vladimir Putin, Putin, Angela Alsobrooks, Larry Hogan, — Richie Duchon, Elizabeth Robinson Organizations: Hurricane, The Clearwater Police Department, Coast Guard, ”, ” Fort Myers, ” Fort Myers Beach Mayor, Tampa International, Disney, Universal Studios, Hurricane Milton, U.S . Consumer Product Safety, Fisher, Minnesota Gov, ➡️, Univision, White, Trump, Republican, NBC, Getty, Hurricanes Locations: Florida, Hurricane, Clearwater, Gulf of Mexico, ” Fort, ” Fort Myers Beach, Sarasota, Orlando, Colorado, Teller County, Denver, Pittsburgh, North Carolina, Detroit, Russian, York, Maryland

Search resuls for: "Emerging"

25 mentions found