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Several Democrats renew calls for datacenter pauses after blue wave

1 week ago

Tech industry fears delays to its multi-trillion dollar infrastructure buildout meant to power artificial intelligence

Several newly elected Democrats and Senator Bernie Sanders have renewed calls for datacenter moratoriums in the days after the US midterm elections. The sweeping Democratic victory, which was buoyed in part by backlash to the tech industry, has added momentum to efforts to slow down the multi-trillion-dollar buildout of the controversial facilities.

On the social media platform X, Sanders posted a call for an immediate national datacenter moratorium this week. “Americans don’t want Big Tech oligarchs wrecking the environment, gutting jobs and threatening humanity’s future,” Sanders said on Wednesday.

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Franklin Resources Q4 Earnings Call Highlights

1 week ago
3 Surging Stocks That Don’t Need the AI Boom to Keep WinningFranklin Resources (NYSE:BEN) reported higher adjusted earnings and broad-based client inflows for fiscal 2026, prompting the asset manager to raise its long-term targets for private markets fundraising, exchange-traded

Franklin Resources Q4 Earnings Call Highlights

1 week ago
3 Surging Stocks That Don’t Need the AI Boom to Keep WinningFranklin Resources (NYSE:BEN) reported higher adjusted earnings and broad-based client inflows for fiscal 2026, prompting the asset manager to raise its long-term targets for private markets fundraising, exchange-traded

Sources: Anthropic is continuing with plans to list before the Thanksgiving holiday this month, expecting to raise $80B-$100B at a valuation of $1.25T to $1.75T (Financial Times)

1 week ago

Financial Times:
Sources: Anthropic is continuing with plans to list before the Thanksgiving holiday this month, expecting to raise $80B-$100B at a valuation of $1.25T to $1.75T  —  Claude-maker intends to list before Thanksgiving despite brutal tech rout  —  Anthropic is pressing on with its high-stakes IPO …

Stock Indexes Push Higher as Chipmakers Roar Back

1 week ago
The S&P 500 Index ($SPX ) (SPY ) is up +1.07% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.09%. December E-mini S&P futures (ESZ26 ) are up +0.90%, and December E-mini Nasdaq futures...