Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave
Economy

Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave

Cattle graze at the Buffalo Gap Wind Power project in Taylor and Nolan counties just south of Abilene, Texas. Robert Daemmrich | Corbis | Getty Images Just off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping point along a cross-country cattle trail in […]

Can Boeing get back to its glory days?
Economy

Can Boeing get back to its glory days?

An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. Joshua Roberts | Reuters Boeing executives spent years after two fatal 737 Max crashes trying […]

Adidas shares rise 3% after hiking 2024 guidance
Economy

Adidas shares rise 3% after hiking 2024 guidance

A Samba shoe on Oct. 12, 2023, in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images Shares in Adidas were slightly higher on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter. Adidas rose nearly 5% after markets opened on Wednesday […]

Mortgage refinance demand jumps to a 2-year high, as mortgage rates drop
Economy

Mortgage refinance demand jumps to a 2-year high, as mortgage rates drop

Courtney Keating | Getty Images Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance a home loan jumped 15% last week, compared with the previous week, to the highest level since August 2022, according to the Mortgage Bankers Association’s seasonally adjusted […]