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$NEE $GEV NextEra Energy, U.S. Department of Commerce and Government of Japan finalize commercial terms; reach funding milestone for up to 10 GW of gas-powered generation
JUNO BEACH, Fla., Aug. 12, 2026 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced it has executed definitive agreements with the U.S. Department of Commerce and the Government of Japan to fund the development and operation of up to 10 gigawatts of natural gas-powered generation in Texas and Pennsylvania.
Today's announcement follows President Donald J. Trump's approval of the projects, which were selected in connection with Japan's $550 billion investment commitment to the United States as part of the U.S.-Japan trade agreement, in March.
This major milestone releases the first tranche of funding for the two projects, which will be used for a variety of development activities, including down payments on long-lead equipment, to include turbines and selection of engineering, procurement and construction contractors. In partnership with the Administration and the Government of Japan, these funds are expected to enable NextEra Energy to deliver reliable, large-scale power infrastructure that supports America's economic growth and technical leadership in a manner consistent with the White House's Ratepayer Protection Pledge.
A word from U.S. Secretary of Commerce Howard Lutnick: "Today's announcement is yet another example of how President Trump's trade agenda is putting the needs of American families first. The initial $3.3 billion investment will commence the building of the facilities needed to bring up to 10 gigawatts of natural gas power to Texas and Pennsylvania communities, lowering energy prices for families and creating thousands of high paying jobs."
A word from John Ketchum, chairman, president and CEO of NextEra Energy: "NextEra Energy's hub strategy was designed for this moment and reflects more than 18 months of strategically positioning our business to capture 'bring your own generation' opportunities. By pairing large-load demand with dedicated generation, we can move quickly to support the growth of critical digital infrastructure while ensuring the costs are not borne by American homes and businesses. The Texas and Pennsylvania projects represent two of the over 30 energy hubs in various stages of development in our portfolio. We look forward to continuing to work with the Department of Commerce and the Government of Japan to advance these important projects."
A word from U.S. Senator Ted Cruz: "Texas leads America and therefore the world in providing reliable, affordable energy. This investment in new natural gas generation, developed by NextEra Energy, will advance manufacturing, drive our economy and help ensure Texas remains at the forefront of American energy dominance. I congratulate them on being a part of this important investment, solidifying the energy future of Texas and the country."
A word from U.S. Senator Dave McCormick: "The Mon Valley region built the steel that built America. Now it's going to build the power that fuels America's future. The $17 billion South Mon project is historic, bringing 4.3 gigawatts of reliable natural gas generation, thousands of jobs in construction and the trades and proof that the communities that powered our past will power our future too. Pennsylvania has the gas, the workforce and the grit to lead, and this project shows the world what energy dominance looks like."
Powering America and protecting affordability: Supporting the goals of the White House's Ratepayer Protection Pledge, which NextEra Energy signed in July, the projects pair new generating resources with new electricity demand and ensure large-load customers pay their fair share.
Creating economic benefits for communities: The Texas and Pennsylvania hubs are expected to generate thousands of construction jobs and hundreds of permanent operating positions across both states, with hiring concentrated in skilled trades, engineering and plant operations. Beyond direct employment, the projects will drive significant local investment through supply chain spending and equipment procurement and promote small businesses within host communities.
Next steps: NextEra Energy will continue to advance project development in coordination with federal, state and local stakeholders, with initial resources expected to come online as early as the end of 2028 and the projects expected to be completed in 2032. The projects remain subject to applicable permitting and regulatory requirements, as well as completion of development, construction and commissioning activities. Additional details, including project configurations and timelines, will be shared as development advances.
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$2317 (Bloomberg) -- Hon Hai reported net income for the second quarter that beat the average analyst estimate.
SECOND QUARTER RESULTS
Net income NT$59.97 billion, +35% y/y, estimate NT$58.38 billion (Bloomberg Consensus)
Operating profit NT$94.80 billion, +68% y/y, estimate NT$80.53 billion
EPS NT$4.27 vs. NT$3.19 y/y
Revenue NT$2.53 trillion, +41% y/y, estimate NT$2.41 trillion
FIRST HALF RESULTS
Net income NT$109.9 billion, +27% y/y
Revenue NT$4.65 trillion, +35% y/y
Operating profit NT$170.45 billion, +65% y/y
EPS NT$7.84 vs. NT$6.23 y/y
COMMENTARY AND CONTEXT
Sees 3Q Revenue Growing Y/Y
Sees 2026 FY Revenue Growing Y/Y
NOTE
For Bloomberg Consensus estimates used in this story see: 2317 TT Equity MODL
24 buys, 2 holds, 0 sells
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$CRBS (Bloomberg) -- Cerebras Systems forecast revenue for the third quarter of about $214 million to $216 million.
THIRD QUARTER FORECAST
Sees revenue about $214 million to $216 million, estimate $211.9 million (Bloomberg Consensus)
YEAR FORECAST
Sees revenue $880 million to $890 million, saw $855 million to $865 million, estimate $867.6 million
SECOND QUARTER RESULTS
Revenue $180.1 million, +74% y/y, estimate $194 million
Loss per share $2.98 vs. EPS $1.91 y/y
Hardware revenue $54.1 million, -23% y/y, estimate $73.1 million
Cloud revenue $126.0 million vs. $33.0 million y/y, estimate $116.3 million
Gross margin 14%, estimate 26.3%
Operating expense $502.8 million vs. $89.3 million y/y
COMMENTARY AND CONTEXT
Increased data center capacity, live and under contract for delivery by the end of 2027 to more than 600 MW. Increased pipeline of data center opportunities to gigawatts
New factory lines added at contract manufacturers Flex, Sanmina, and Rocket EMS. Manufacturing capacity to increase more than 10x in 2026
Secured TSMC wafer supply needed for continued growth. Well positioned with other component vendors to meet the rapid growth forecasted in 2027 and beyond
Sees 3Q core gross margin in the range of 38% - 40%
Sees full-year core gross margin in the range of 41% - 43%
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I am in love with looking at my intraday $GS factor chart. I can see these little anomalies, like this breakout in quantum equities, and they add up over days. I would infer from this that people are willing to put money to work in crapcos, as this basket has been strong over multiple consecutive days. It gives more of a feel for what's going on rather than a true binary signal. I find it very informative.
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$6/mtokOut is really good
The money printer never stops. I literally want to borrow as much fixed-rate money as possible today and let the seigniorage work for me.
Sorry for crashing GitHub again with the swarm guys