Texas Governor Greg Abbott imposed a moratorium on new ERCOT grid connections for data centers, requiring audits of projects in the queue before approvals. This move targets new projects, not existing Bitcoin miners with approved electricity contracts, effectively reducing competition for power. Established miners benefit as their pre-approved power capacity gains value amid tighter grid access. The moratorium aims to address grid strain from rapid data center growth, favoring miners who can reduce power use during peak demand, which may stabilize the grid and enhance their competitive edge.
Kimberly-Clark reported Q2 earnings per share of $1.80, missing the expected $2.01, and revenue of $4.19 billion, slightly below the $4.22 billion forecast. The company lowered its growth expectations due to cautious consumer spending, a fire at a di...
Amgen is set to report its Q2 2026 earnings with analysts forecasting a 2.9% increase in revenue to about $9.45 billion, despite a projected 7% drop in earnings to $5.60 per share. The company benefits from strong sales of key drugs like Repatha, Tez...
A U.S. court unsealed documents showing Abacus Global Management relied on inaccurate, short life expectancy estimates from Lapetus Solutions, misleading investors about the value of life settlement policies. The evidence reveals Lapetus had an actua...
Kaltura introduced real-time emotional intelligence for its AI Agentic Avatars, enabling them to interpret user tone and conversational intent instantly. This technology allows avatars to respond with synchronized facial expressions and vocal nuances...
Gartner reported strong Q2 2026 results, with earnings per share (EPS) of $4.37, surpassing analyst expectations of $3.76 and showing over 15% earnings surprise. Revenue reached $1.68 billion, slightly above estimates but down from $1.69 billion a ye...
