Author: Daniel snow

Cooling towers at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.Danielle DeVries | CNBCIf there is one thing the U.S. needs to lead the artificial intelligence revolution, it’s electricity. Insane amounts of it.A 2024 report commissioned by the U.S. Department of Energy found that data centers — the backbone of artificial intelligence — already accounted for more than 4% of U.S. electricity use, and the report said that could grow to 12% by 2028. That would be 580 billion kilowatt hours, or nearly 20 times the annual power consumption of the city of Chicago.”Data centers…

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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks are mixed Tuesday. Nvidia helped lift the tech-heavy Nasdaq into positive territory, while the Dow and S & P 500 fell slightly. The consumer price index , released before the opening bell, rose 0.3%, which put the 12-month inflation rate at 2.7% — in line with analyst expectations. The data was “benign,” said Jim Cramer, who warned investors to be careful. “There’s deflation in parts of the economy and inflation in other…

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A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.As private companies like SpaceX and Blue Origin develop reusable rockets and push aspirations for lunar and Martian colonization, real estate investors are dialing in. Some liken it to the early days of the railroads, when entire towns grew up around new lines. One of the biggest plays is…

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