Stock futures opened slightly lower Tuesday evening to hold below record levels, with investors fixing their attention on a key inflation report due for release Wednesday morning. Contracts on the S&P 500 ticked down, after the index closed out its first session of losses following eight straight days of gains. The Dow and Nasdaq had each also ended the session lower to pause after a record-setting run-up. One of the most closely watched reports due for release Wednesday morning will be… Source link
Read More »City OKs Google data centers amid secrecy, water worries
SALEM, Ore. — The council of a small Oregon city has approved a deal with Google that will enable the technology giant to build two more water-guzzling data centers there, though some residents worry about drought and secrecy. A single data center can churn through millions of gallons of water per day to keep hot-running equipment cool, and the placement of these facilities in drought-prone areas is an increasing concern around the globe, even as reliance on them is growing. Data centers… Source link
Read More »The Dalles OKs contentious water deal to cool Google’s data centers
The City Council in The Dalles voted unanimously Monday night, 5-0, to approve a $28.5 million deal with Google to provide more water for the tech company to cool two new data centers there. The issue had trained national attention on the small city, which sits along the Columbia River about 80 miles east of Portland, and the broader question of water rights in the drought-stricken West. Google and The Dalles have refused to say just how much water the company’s three existing data centers… Source link
Read More »Intel teams with Google Cloud to develop new class of data center chip
A Google Cloud logo outside the Google Cloud computing unit’s headquarters at the Moffett Place office complex in Sunnyvale, California, U.S., June 19, 2019. REUTERS/Paresh Dave/File Photo Oct 27 (Reuters) – Intel Corp (INTC.O) and Alphabet Inc’s (GOOGL.O) Google Cloud on Wednesday said they have worked together to create a new category of chip that Intel hopes will become a major seller in the booming cloud computing market. The new chip, which is called Mount Evans and will be sold to… Source link
Read More »AMD Gives Another Bullish Forecast; Data Center Sales Double
(Bloomberg) — Advanced Micro Devices Inc. gave a strong forecast indicating that market share gains, particularly in servers, are helping it make up for a tight supply of chips. Fourth-quarter revenue will be about $4.5 billion, plus or minus $100 million, Santa Clara, California-based AMD said Tuesday in a statement. That compares with an average analyst estimate of $4.25 billion. The chipmaker is on course to exceed an earlier forecast and post a sales gain of 65% for 2021, it said. Most… Source link
Read More »The Dalles approves tax break for new Google data centers
In this Tuesday, Oct. 5, 2021, photo, shows the exterior of a Google data center in The Dalles, Oregon. Andrew Selsky / AP The Dalles City Council voted Monday to approve tax breaks for Google, which plans to expand its footprint in the Columbia River Gorge. The city and Wasco County negotiated an agreement with the tech giant that will significantly reduce the amount of annual property taxes on up to two new data centers the company hopes to build in The Dalles. The deal would require Google… Source link
Read More »US STOCKS-Wall St jumps as earnings, economic data lift optimism
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Technology stocks rally * Big banks rise as profits beat forecasts * UnitedHealth jumps on strong results * Indexes up: Dow 1.6%, S&P 500 1.7%, Nasdaq 1.8% (New throughout, updates prices, market activity and comments adds dateline, changes byline) By Caroline Valetkevitch NEW YORK, Oct 14 (Reuters) – U.S. stocks surged on Thursday as companies including Bank of America and UnitedHealth… Source link
Read More »Lack of US COVID-19 data is ‘red meat’ for anti-vaccine movement: Expert
The U.S. continues to struggle to increase vaccinations, despite recent gains from employer mandates. The struggle of public health and government agencies to cut through anti-vaccine messaging is partially to blame, experts say. Two experts who have been monitoring and sharing trusted information, as well as calling out misinformation, are Dr. Peter Hotez, dean of the School of Tropical Medicine at Baylor College of Medicine in Texas, and Dr. Eric Topol, director of the Scripps Research… Source link
Read More »Stock futures drift ahead of fresh earnings, economic data
Stock futures opened little changed Wednesday evening after another choppy session in the markets, with another batch of bank earnings and labor market and inflation data due for release on Thursday. Contracts on the S&P 500 hugged the flat line. Earlier, both the blue-chip index and Nasdaq closed out the session higher, led by a jump in technology stocks as Treasury yields pulled back after a recent run-up. The drop in yields— with the benchmark 10-year yield pulling back below 1.55%… Source link
Read More »Turkey’s Başarsoft tricks Google, Yandex into revealing data theft
Başarsoft, a prominent digital map provider operating in Turkey, has tricked navigation giants Google and Yandex into revealing that they did in fact steal the company’s maps used in their services, a report by Dünya newspaper showed on Thursday. Başarsoft is now preparing to sue the companies. To test whether their services were being illegally copied by other companies, Başarsoft added fake street names to its maps of Turkey, which are subject to constant updates… Source link
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