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Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years
Associated Press25d agoneutral
Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years

Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial intelligence has unleashed the greatest upheaval within the industry since Steve Jobs unveiled the first iPhone in 2007.

Fervo Secures Its Largest-Ever Geothermal Power Deal, With Google
The Wall Street Journal25d agoneutral
Fervo Secures Its Largest-Ever Geothermal Power Deal, With Google

Geothermal company Fervo Energy has signed a major deal to sell power to Alphabet Google from a Utah project that it plans to turn into the world’s largest enhanced geothermal facility. The agreement for nearly 400 megawatts of electricity is enough to power a midsize city and would be Fervo’s largest-ever power deal. Fervo plans to begin selling power to Google in 2028 from its Cape Station project in southwestern Utah.

Why You Should Give Long Bonds the Benefit of the Doubt
Barrons.com25d agoneutral
Why You Should Give Long Bonds the Benefit of the Doubt

Consider what is perhaps the most commonly cited rationale: The inflationary impact of federal government debt, which earlier this month eclipsed the $40 trillion mark. After all, as Wes Crill, a vice president at Dimensional Fund Advisors, points out, debt level concerns have been around for a while. The inflation threat that many bond investors face is from unexpected inflation—which, by definition, is unexpected.

FTC sues Amazon, alleging it overcharged advertisers
CNN Business25d agoneutral
FTC sues Amazon, alleging it overcharged advertisers

The Federal Trade Commission and 22 states on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company.