Amazon has laid off hundreds of employees in its AWS cloud division as part of a broader restructuring effort driven by the growing adoption of generative AI and CEO Andy Jassy's push to streamline operations.
Meta shareholders abruptly settled an $8 billion lawsuit accusing Mark Zuckerberg and other executives of oversight failures in Facebook's privacy practices, allowing them to avoid public testimony in the first-ever Caremark trial over data governance.
Prologis offers investors low-risk exposure to AI infrastructure through powered shell real estate, backed by strong earnings and a solid balance sheet
Big tech companies like Meta, Amazon, and Palantir are investing heavily in AI, driving a surge in datacenter infrastructure. Goldman Sachs predicts a 165% increase in global datacenter electricity demand by 2030, making utility, infrastructure, and real estate ETFs attractive. AI-driven growth is expected to boost regulated utilities like NextEra and Duke Energy, as well as companies upgrading the electrical grid like Johnson Controls and ABB. Infrastructure-focused ETFs like PAVE and IYJ offer exposure to the concrete-intensive reality of AI clusters, while REITs like XLRE benefit from the demand for digital infrastructure. This presents a long-term investment opportunity for ETF investors.
The lawsuit attempted to hold Mark Zuckerberg, Marc Andreessen, and other company officials personally liable for the billions of dollars in fines and legal costs borne by the company.
The favorite stock for four of Wall Street's most successful fund managers is the only member of the "Magnificent Seven" to have never completed a stock split.
Cathie Wood warned that artificial intelligence is displacing entry-level jobs and contributing to rising unemployment among college graduates, urging job seekers to start learning AI to remain competitive in a shifting labor market.
Meta shareholders have launched an $8 billion lawsuit against Mark Zuckerberg, Sheryl Sandberg, Peter Thiel, and other executives, accusing them of failing to prevent the Cambridge Analytica data breach and violating a 2012 FTC privacy agreement.
Several companies have donated to President Donald Trump's future presidential library. Senator Elizabeth Warren calls this potential "bribery in plain sight."
