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Rosenblatt Securities lowered price targets and financial estimates for several Bitcoin mining companies Friday, citing a sharp decline in mining profitability that highlights the growing importance of high-performance computing (HPC) revenue.
The investment firm reiterated Buy ratings for Cipher Mining (NASDAQ: CIFR), TeraWulf (NASDAQ: WULF), and Hut 8 (NASDAQ: HUT), favoring companies that are actively diversifying into AI and computing power. ******* yst Chris Brendler noted that while pure-play Bitcoin mining remains under pressure due to “stubbornly high network competition,” the impact

The raging debate in Washington D.C. over the rising cost of living was front and center at the Potrero Power Station on Friday as California U.S. Sen. Adam Schiff used an affordable housing complex there as the backdrop to announce legislation that he said would bring a housing construction boom similar to the one seen after World War II.
The 48-page legislation - a long-shot because it will need Republican support in order to pass - is called the Housing BOOM (Building Occupancy Opportunity for Millions) Act. It proposes a massive expansion of the 9% federal low-income housing tax credits u

Egypt found itself back on the international front pages in the second half of this year. The country played host to the Sharm el-Sheikh conference in October when US President Donald Trump rallied global and regional powers alike behind his ceasefire plan for the Gaza Strip. Shortly after, in November, Cairo invited world leaders to attend the spectacular opening of the new Grand Egyptian Museum next to the pyramids.
Amid these eye-catching events, other domestic developments have received less attention. Most notable were Egypt’s parliamentary elections, with the first round held in Novembe

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Rarely does a blockbuster case that would radically alter the balance of power between the president and Congress come before the Supreme Court in which the outcome is already well-known. But that’s the case in Trump v. Slaughter, which the court will hear Monday, where President Donald Trump is asking the court to expand his autocratic push by handing him the power to fire independent agency officials at will.
Politics: 'Cult Alert': Marco Rubio Skewered For Fawning Comments On Trump
The case emerges

Artificial intelligence companies are quickly expanding without the protections experts say are needed.
According to NBC News, the Winter 2025 AI Safety Index reviewed eight companies across 35 indicators and found that these companies are rolling out increasingly powerful systems while leaving gaps in oversight.
The index evaluated areas such as risk-assessment procedures, information sharing processes, governance structures, and safety-research support and documented inconsistent or absent protocols and protections across the industry. The organizations scoring lowest are racing to match o

A 'K-shaped' economy is emerging: What that could mean for 2026

A growing chorus on Wall Street is warning that the US economy is becoming increasingly K-shaped, with higher-income households powering spending while lower-income consumers struggle with affordability. It mirrors what investors have seen in the stock market, where Big Tech continues to drive the major indexes even as other sectors lag behind.
The concern: How long can those two realities coexist before something breaks?
“I don't think they're going to coexist forever,” Bank of America senior US economist Aditya Bhave told Y

A new study is flipping the script on how we think about renewable energy, and it is revealing a surprising flaw in the way a major industry is funded.
UK researchers Colm O'Shea, Piers Horne, and Mark Maslin found that wind power has delivered more than $132.4 billion in total savings for consumers since 2010. Besides the work wind power has done to clean up the UK's electricity grid, this is also a major win for families and the economy.
Plus, it is a reminder that clean energy is more than just an environmental upgrade.
From 2010 to 2023, wind generation cut costs by $195.2 billion, incl

A growing chorus on Wall Street is warning that the US economy is becoming increasingly K-shaped, with higher-income households powering spending while lower-income consumers struggle with affordability. It mirrors what investors have seen in the stock market, where Big Tech continues to drive the major indexes even as other sectors lag behind.
The concern: How long can those two realities coexist before something breaks?
“I don't think they're going to coexist forever,” Bank of America senior US economist Aditya Bhave told Yahoo Finance during the firm’s 2026 outlook call this week. “Our vi

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Bitcoin (CRYPTO: BTC) gained fresh attention on Wednesday after Strategy executive chairman (NASDAQ: MSTR) Michael Saylor said the **** et now consumes more power than the U.S. Navy and the combined infrastructure of Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL).
Speaking at Binance Blockchain Week, Saylor said Bitcoin's rise from speculative instrument to "digital capital" accelerated once President Donald Trump positioned himself as the "Bitcoin president" and appointed crypto-friendly

'The cross I've carried': Nagasaki atomic bomb survivors share experiences in New Mexico

Dec. 3—On Aug. 9, 1945, 6-year-old Chiyoko Motomura was playing on a veranda at her family's Nagasaki, ***** an, home. Her mother, aunt and grandfather were weeding the rice fields while her grandmother was preparing lunch when they heard a lightning-like crack.
"Bachiiiiing!" Motomura, now 86, said through a translated PowerPoint presentation at the University of New Mexico's Zimmerman Library on Wednesday. "A bright flash of light exploded in front of my eyes ... and with a loud thud my small body wa

The global economy is heading into a period of its weakest expansion since the pandemic, but both Fitch Ratings and the OECD say the outlook is slightly more resilient than previously feared, helped along by a powerful surge in artificial intelligence–related investment that is offsetting the adverse impacts of import tariffs imposed by the US.

https://invezz.com/news/20...

The government of Nicolás Maduro claims to have millions of troops, enough military power and an efficient anti-aircraft system to counter a possible armed attack by the United States amid accusations that Venezuela’s political leadership leads a “terrorist” drug trafficking cartel.
But does the Maduro administration have enough money to pay for and endure the consequences of a long-term war with the United States after years of economic crisis? Experts doub it, warning of the outcomes that an armed conflict would have in one of the most troubled economies in the world.
The U.S. State Depart

What did Nigel Farage accuse Keir Starmer of in the Daily Express?
How is Brexit affecting UK-EU economic relations under Starmer?
Why did UK reject EU defense fund negotiations?
Keir Starmer faces a major voter backlash after insisting Britain must keep moving towards closer ties with the EU. The Prime Minister reignited old grievances as he again tried to pin the blame on Brexit for the country’s lacklustre economic performance since Labour came to power.

https://www.express.co.uk/...

Lasers are everywhere. Whether for barcode scanners, hair removal treatments or fiber-optic internet connections, these beams of light power our everyday lives. Their history dates back to Einstein’s theories in the 1910s and experiments funded by the U.S. government in the 1950s. It took decades for lasers to go from theory to research prototypes to ubiquitous technology.
Many discoveries follow a similar path, including right here in Tennessee.
Opinion: The fight of our lives: advancing cancer research in TN
Oak Ridge National Laboratory (ORNL), a federally funded lab and our state’s larg

Nvidia’s (NVDA) AI chips have fueled a new debt market, and famed short seller Jim Chanos is flagging its risks.
Emerging AI cloud computing companies looking to rival Big Tech in the market for artificial intelligence have secured large loans backed by the $5 trillion chipmaker’s graphics processing units (GPUs), using that capital to buy more AI chips to scale up their operations. The firms lease ****** e in data centers, fill them with AI hardware, and rent out computing power from that hardware for tech companies to train and run artificial intelligence models.
Four firms in the growing

Powerful coast-to-coast storm to bring major impacts from heavy snow to ice

Closely following a major winter storm that unleashed travel chaos during the busy Thanksgiving holiday weekend, meteorological winter is set to kick off this week with a powerful coast-to-coast storm delivering a wide range of impacts.
The cross-country storm starts Sunday in the Rockies and tracks through Wednesday into the Northeast, likely posing threats of snow, ice and rain to airports, roadways and communities along its path.
Snow will develop across portions of the northern Rockies and pivot south, bringin

Fed contender Hassett says markets are already reacting as Trump nears decision

(Bloomberg) -- President Donald Trump said Sunday he has decided on his pick for the next Federal Reserve chair after making clear he expects his nominee to deliver interest-rate cuts.
“I know who I am going to pick, yeah,” Trump told reporters on Air Force One on his way back to Washington, without naming his choice. “We’ll be announcing it.”
Most Read from Bloomberg
Europe’s Largest Capital Without a Subway Is Finally Getting One
Trump has frequently excoriated current Fed chief Jerome Powell for failing t

Floods and cyclonic storms across Thailand, Sri Lanka and Indonesia leave over 900 dead and hundreds missing

The death toll from the devastating floods across several Asian countries has surpassed 900, with storms and cyclones battering Indonesia, Malaysia, Thailand, and Sri Lanka and bringing their heaviest rainfall in decades.
Millions of people across Southeast Asia have been affected as the exceptionally rare Cyclone Senyar has swept through Indonesia, Malaysia and Thailand, while the powerful Cyclone Ditwah has pounded Sri Lanka and India.
Over four million people have been impacted

No hurricanes hit the U.S. for the 1st time since 2015. Why?

The 2025 Atlantic hurricane season proved to be consequential, even though no hurricanes made landfall in the U.S for the first time since 2015.
Three Category 5 hurricanes formed during this past hurricane season, tying for the second-most on record in the Atlantic basin. The only other season that saw more Category 5 storms was in 2005, when there were four Category 5 storms.
Last month, Hurricane Melissa became one of the most powerful hurricanes on record to make landfall in the Atlantic basin, ranking with Hurricane Dorian

After a long, ugly summer and fall, the holidays are upon us.
For some, it’s turkey season.
For others, it's eggnog season.
For President Trump, it’s starting to look a lot like lame-duck season.
He’s got less than a year before power in Congress is likely to change hands, putting a much-needed damper on his reign of terror against American institutions, immigrants, science and medicine, political enemies and free speech.

https://www.yahoo.com/news...

A mild uptick in bitcoin mining in China has prompted calls for Beijing to loosen its restrictions and let the power-hungry industry tap into the country's oversupply of energy, but experts said the likelihood of China ending its mining ban was low.
China's bitcoin mining market share by hash rate rose from 13.75 per cent in the first quarter of 2025 to 14.06 per cent in the current quarter, making it the third largest bitcoin mining country behind the US and Russia, according to Hashrate Index, a data platform operated by US bitcoin mining firm Luxor Technology.
The Hashrate Index did not d

The boom in metal-intensive technologies like data centers and electric vehicles has made it a prime time to be in the US aluminum business.
Prices are booming. Part of that is because inside every data center are cooling units, server racks, radiators, and a litany of other pieces and parts made out of aluminum.
No wonder demand is high.
But data centers guzzle enormous amounts of power, and electricity prices are skyrocketing. In the US alone, electricity demand is expected to grow five to 10 times faster over the next 10 years than it did in the previous decade, per Bank of America.
For

Tesla's (TSLA) Europe woes are only getting worse.
According to the European Automobile Manufacturers' **** ociation (ACEA), Tesla electric vehicle registrations (a proxy for sales) in Europe fell to just 6,964 units in October, a 48.5% drop compared to a year ago. Meanwhile, total EV registrations in the region, which includes the UK and the European Free Trade **** ociation, rose 32.9% in October, with overall registrations regardless of powertrain up 4.9%.
October's total marks the 10th straight month of declining Tesla sales in Europe. Meanwhile, the overall market share of EVs in the br

Growing skepticism around GOP's plan to go all in on health savings accounts

Republicans facing voter ire over spiking health premiums are resurrecting one of their favorite ideas: Give people power to pay for medical care on their own, with tax-free dollars in individual health savings accounts.
The GOP is toying with the idea of taking federal subsidies that currently help people buy Affordable Care Act insurance and diverting some of the money into individuals’ HSAs, although passing legislation without help from Democrats is a tall order with Republicans’ slim Senate and House majoriti

While President Trump has a list of five finalists for the next chair of the Federal Reserve, he said last week that he thinks he knows who he'll pick.
"I think I already know my choice," Trump told reporters in the Oval Office regarding who will replace outgoing Fed Chair Jerome Powell, whose term ends in May. "I'd love to get the guy currently in there out right now, but people are holding me back."
Treasury Secretary Scott Bessent has been leading the interview process and said last week that the president will be sitting down with the candidates soon.
The five candidates on the shortlis

Markets react as Trump signals Hassett may be his pick to lead Fed after Powell

(Bloomberg) -- White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
With Hassett, Trump would have a close ally whom the president knows well and trusts installed at the independent central bank, the people said, speaking on the condition of anonymity. Hassett is seen as someone

A pair of powerful storm systems could impact holiday travel across the U.S.

It's a busy week for millions of Americans who are traveling for Thanksgiving.
At the nation's airports, the TSA expects to screen nearly 18 million people from the Tuesday before Thanksgiving to the Tuesday after the holiday, while the FAA expects this will be the busiest Thanksgiving in terms of flights in at least 15 years.
Most people, however, will be traveling by car. AAA projects that overall, 81.8 million people will travel 50 miles or more during the Thanksgiving holiday period.
"This year's domestic tr

(Bloomberg) — The intense selling pressure that has weighed on Bitcoin in recent weeks looks to be easing, raising hopes that the token’s brutal slide is nearing an end.
The original cryptocurrency hovered around $88,000 on Tuesday, recovering from a slump that consigned it to a seven-month low, triggered massive liquidations and erased more than $1 trillion in value from the broader digital-asset market.
Most Read from Bloomberg
India’s Richest Family Powers Push for Green ******* e in Mumbai
San Francisco Hotels That Echoed City’s Decline Sell for 75% Off

https://finance.yahoo.com/...

A single Bitcoin miner has managed to mine a whole Bitcoin block all by themselves. This rare occurrence awarded them 3.146 Bitcoins, worth roughly $270,000 at today's Bitcoin prices (or close to $400,000 at the recent all-time high).
Outside of the very early days of Bitcoin mining, only a few hundred individuals have been lucky enough to mine an entire block by themselves. The miner in this case had roughly 6 terahashes per second of hashpower, or approximately 0.0000007% of Bitcoin's total network hashpower, according to Coindesk.
With such a low hashrate (the speed at which a network can

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
As colder weather sets in, most Americans are lighting their fireplaces and turning on their electric heaters to stay warm. But there are a handful who have opted for a new, cost-effective way to heat their homes: bitcoin mining rigs.
The computing power required to mine cryptocurrency produces a lot of heat. In total, the industry generates around 100 TWh of heat annually, which is enough to heat a country the size of Finland, according to digital ****** et brokerage firm K33.
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