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AI data-centre race builds $1 trillion lease burden for Big Tech
Reuters53d agoneutral
AI data-centre race builds $1 trillion lease burden for Big Tech

Microsoft Corp, Meta Platforms Inc, Oracle Corp, Amazon and Alphabet have committed about $1.09 trillion in future payments under leases that have not yet begun, mostly for data centres ‌needed to power the artificial intelligence boom. The commitments show that a substantial part of Big Tech's ‌AI spending spree has already been locked in, without yet appearing as debt-like lease liabilities on company balance sheets. The total is nearly four times the roughly $285 billion of lease liabilities already recognised on the companies' balance sheets, according to company filings compiled by ‌Reuters.

Analysis-Oracle Corp goes for high-stakes ratings gamble in AI strategy
Reuters53d agoneutral
Analysis-Oracle Corp goes for high-stakes ratings gamble in AI strategy

Cloud computing giant Oracle Corp is on the cusp of a junk-grade credit rating and its shares have tanked as the artificial intelligence hyperscaler becomes the fall guy of investors' concerns over the sector's debt-fuelled spending binge. The U.S. multinational is an outlier among top software firms racing to buy chips and build computing power to leapfrog the AI boom, forced by its limited cash reserves to borrow heavily and undertake massive long-term leases. The extent of the splurge came to light in June, ‌when Oracle's results for the fiscal year ending in May 2026 showed its free cash flows were negative, the bulk of its revenue was spent on capital expenditure and it had signed roughly $260 billion of data centre leases, some starting next year.

Flag Ship Acquisition Targets AI Compute, Aircraft Engines for Cash Flow
MarketBeat53d agoneutral
Flag Ship Acquisition Targets AI Compute, Aircraft Engines for Cash Flow

Flag Ship Acquisition (NASDAQ:ETHZ) executives, speaking during a Forum Markets presentation hosted by Force Family Office, outlined a strategy centered on acquiring cash-generating real-world assets while maintaining the option to fractionalize and tokenize those assets as the market develops. Joh

Powell Industries Q3 Earnings Call Highlights
MarketBeat53d agoneutral
Powell Industries Q3 Earnings Call Highlights

Powell Industries (NASDAQ:POWL) reported record third-quarter order bookings and a backlog that surpassed $2 billion for the first time in its 79-year history, as demand remained strong across data centers, electric utilities, LNG and other industrial markets. For the fiscal third quarter ended Jun

💬 Money Quote: David Ellison
The Wall Street Journal53d agoneutral
💬 Money Quote: David Ellison

📣 "I believe this fight is not really about market share...The issue is whether I can be trusted as a steward of Warner’s CNN...When it comes to our news operations, I do not aspire to lead these companies to bend their newsrooms to my views.

Bloomberg53d agoneutral
Apple Gears Up for September iPhone Launch With Retail Employee Lottery

(Bloomberg) -- With Apple Inc. gearing up for its biggest product launch of the year, the company is opening a lottery for US retail employees who want to help staff the in-person unveiling.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersTaco Bell Met With Michigan on Parasite Weeks Before RecallQatar, US Signal Progress on Hormuz-Focused Iran DealApple’s New CEO Taps Retired Hardware Executive for Ma

Bloomberg53d agoneutral
Chipotle Pulled Jalapeños Tied to Minnesota Salmonella Cases

(Bloomberg) -- Chipotle Mexican Grill Inc. removed jalapeños from multiple stores in Minnesota after learning the peppers may be linked to a salmonella outbreak in the state that’s sickened 110 people.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamQatar, Bessent Signal Progres

Caterpillar Races to Build Generators for Power-Hungry Data Centers
The Wall Street Journal53d agoneutral
Caterpillar Races to Build Generators for Power-Hungry Data Centers

Data-center developers’ demand for generators is booming, and Caterpillar is racing to meet it. The construction equipment maker said Tuesday it converted an existing plant in Wamego, Kan., to make turbine engines popular with data centers. Caterpillar also is resuming production of 10-megawatt generators, last made in 2022, and which the company expects to begin shipping in the fourth quarter.

Basic Materials Roundup: Market Talk
The Wall Street Journal53d agoneutral
Basic Materials Roundup: Market Talk

Find insight on Johnson Matthey, Aluminum Corp. of China, Fortescue and more in the latest Market Talks covering basic materials..

⚡ Flash Heard: Texas Data Center U-Turn Hits Power Stocks
The Wall Street Journal53d agoneutral
⚡ Flash Heard: Texas Data Center U-Turn Hits Power Stocks

Abundant natural gas, lots of land and a supportive political environment were all reasons why data centers had been flocking to Texas. On Monday afternoon, Texas Governor Greg Abbott directed the state’s grid operator and utility regulator to conduct a “comprehensive verification and audit” of all data centers asking for interconnection, and said no additional data centers can be approved until that process is completed. This puts a pause on a new process—named Batch Zero—that Texas greenlighted in June to fast-track interconnection requests from data centers.

This Indicator Hasn’t Been This High in 4 Years. It Means the Fed Could Raise Rates in 2026
24/7 Wall St.53d agoneutral
This Indicator Hasn’t Been This High in 4 Years. It Means the Fed Could Raise Rates in 2026

For most of this year, investors have obsessed over one question: when will the Federal Reserve finally begin cutting interest rates? Every inflation report, jobs release, and manufacturing survey has been dissected for clues. That scrutiny has only intensified since Federal Reserve Chair Kevin Warsh has made it clear the central bank intends to offer ... This Indicator Hasn’t Been This High in 4 Years. It Means the Fed Could Raise Rates in 2026

IQM Quantum Computers Q2 Earnings Call Highlights
MarketBeat53d agoneutral
IQM Quantum Computers Q2 Earnings Call Highlights

IQM Quantum Computers (NASDAQ:IQMX) reported its first results as a public company, outlining a growing order backlog, a second-half-weighted revenue outlook and continued investment in superconducting quantum systems for high-performance computing environments. The company began trading on the Nas

IPG Photonics Q2 Earnings Call Highlights
MarketBeat53d agoneutral
IPG Photonics Q2 Earnings Call Highlights

IPG Photonics (NASDAQ:IPGP) reported second-quarter 2026 revenue of $279 million, up 11% from a year earlier and representing its third consecutive quarter of double-digit year-over-year sales growth. Revenue exceeded the midpoint of the company’s guidance, while bookings improved and book-to-bill r