Recurrent Energy's 150MW Carwarp Energy Park near Mildura, Australia, has begun commercial operation, generating enough renewable energy to power about 65,000 homes annually. Backed by a long-term power purchase agreement with Microsoft, the project supports Victoria's renewable goals and includes plans for a 120MW battery storage system to enhance grid reliability. It also features a community fund to support local sustainability initiatives, reflecting a commitment to clean energy and community benefits. This development is expected to reduce CO₂ emissions by 227,000 tonnes yearly, equivalent to removing over 49,000 cars from the road.
On July 29, 2026, Vanguard changed the benchmark index for its Growth ETF (VUG) from the CRSP US Large Cap Growth Index to the Morningstar US Large Cap Growth Index following Morningstar's acquisition of CRSP. The fund's investment strategy and holdi...
Bill Ackman, through Pershing Square, has re-entered Netflix with a new position of about 3 million shares, representing roughly 4.9% of his portfolio. This move marks a reversal from his 2022 exit when he sold at a loss after subscriber numbers disa...
Microsoft reported strong financial results for Q4 and the full fiscal year 2026, achieving 18% revenue growth and expanding its Azure cloud business past $100 billion with 41% growth. The company's AI monetization strategy is proving successful, wit...
Microsoft has closed at least 15 offices and joint ventures in China over five years, accelerating a partial retreat in 2026. The company is shifting hardware manufacturing out of China, closing physical retail stores, and cutting Azure cloud jobs am...
Goldman Sachs downgraded Advanced Micro Devices (AMD) to a Sell rating despite the company reporting record Q2 revenue of $11.54 billion, driven largely by its Data Center segment which accounts for 58% of sales. AMD projects strong Q3 revenue of $13...
