
Ohio Rules That Data Centers Will Pay for Minimum Energy Needs
On Wednesday, regulators voted through a settlement proposed by American Electric Power Co., with some modifications. Under the AEP proposal, facilities would need to pay for at least 85% of the energy they say they need each month even if they use less, helping to fund grid upgrades.
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Coinbase Global (COIN): 'For All I Know It's A Pump And Dump, I Don't See Anybody Dumping?' Says Jim Cramer
We recently published . ABC is one of the stocks Jim Cramer recently discussed. Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange whose 57% year-to-date share price gain has resulted from legislation benefiting stablecoins and the bullish run in Bitcoin. Cramer's previous comments about Coinbase Global, Inc. (NASDAQ:COIN) asserted that the firm has benefited from its large market share. This time, he discussed Coinbase Global, Inc. (NASDAQ:COIN)'s valuation: '[On Cantor going to $500] I think that's within reason. PE's of these companies, this is the lowest one in park, at 40 times earnings, well Robinhood's not that low yet, I mean not that high. I mean People have to understand P/E analysis is not working. Robinhood's at 62 times earnings. COIN is at 40 times earnings. And people will say, uh, Jim, the multiple's too high. And I come back and say, do you really think the retail investor knows what a multiple is? Like what are you like, some sort of abstraction? See, this is a new world. I'm realistic. Look, for all I know it's a pump and dump, I don't see anybody dumping? I'll tell you when it's over. When the insiders do big deals and sell. And when there's secondaries. And there haven't been. That's what caused 2014. That's what caused it to end. 2020. That's what caused it to end. I mean, 2000. That's what caused it. 2000 being the vicious number of secondaries between January and March of 2021 and also about 2020. These years were just horrendous. And these companies broke down. I'm waiting for that. But it's not happening. So I wanna give people my history. Which is that it should have happened by now. Like Karp should have been selling and the companies should have been raising money. But they don't need to. These companies are incredibly well capitalized. And when people want to try and say, you know what they're like what happened to the dotcoms, I remember the dotcoms. They didn't have any money.' While we acknowledge the potential of COIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
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Domino's Pizza, (DPZ): 'Be Prepared To Be steamrolled,' Says Jim Cramer
We recently published . Domino's Pizza, Inc. (NASDAQ:DPZ) is one of the stocks Jim Cramer recently discussed. Domino's Pizza, Inc. (NASDAQ:DPZ) is a well-known American pizza chain. The shares have gained 11% year-to-date, helped partly by a 4% jump in July. Domino's Pizza, Inc. (NASDAQ:DPZ)'s stock was helped by a strong earnings report, which saw its US same-store sales jump by 3%. Cramer discussed the firm's partnership with DoorDash: 'I remember when Russell Weiner called me. Russell Weiner's fantastic, the CEO's fantastic. And he said, the street's underestimating this partnership [with DoorDash]. And I said well I'm not gonna underestimate it, cause he's been wanting to go with me the whole lot time. . .But Russell is a hitter. And he said this would happen. People just said, well what does it mean? And the answer it that it means there is another channel. And historically there hasn't been another channel, because the owners, the franchisees, always want to be the only channel. But I just think he's fabulous. That was really good numbers. People who don't like him, be prepared to be steamrolled.' Previously, the CNBC TV host discussed Berkshire Hathaway's stake in Domino's Pizza, Inc. (NASDAQ:DPZ): 'Russell Weiner said do you know that Warren Buffett is now my second largest shareholder? And that's Dominos. And he said I don't speak to him but it is, and I said well I don't know, maybe it's possible that he's not, that he, but I went to Becky Quick, because Becky can ask him. But what an informator if you find out that he is your second-largest shareholder.' While we acknowledge the potential of DPZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
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Alphabet stock still looking cheap: Opening Bid top takeaway
Sorry, trade deal tracker fans, you'll have to take a back seat this morning for earnings analysis. Tesla (TSLA) is the top trending ticker on Yahoo Finance as the EV maker delivered a weak quarter that everyone on the Street expected. What they didn't expect was a subdued Elon Musk on the earnings call. A little less sizzle on the mic this go around for the prickly gazillionaire! Then we have Alphabet (GOOG, GOOGL), which dropped the mic in its own right on Wednesday afternoon — but for the right reasons: bullish earnings call commentary on cloud demand and how it's monetizing AI in its core search business. The company also lifted its capital expenditure for 2025 to $85 billion, a $10 billion jump from its previous forecast. "What we see here is that AI spend is going absolutely nowhere but up," Gradient Investments analyst Lisa Schreiber said on Opening Bid. "So, it's still very strong, which is a very perfect backdrop for the rest of the hyperscalers, as [their earnings] are coming in over the next couple of weeks, that benefits even more parts of the industries." There are also peripheral reports in focus, such as IBM (IBM) and Chipotle (CMG). IBM had a good quarter. CFO Jim Kavanaugh tells me the company is finding more expense savings and is seeing sizable AI software demand. But the stock is getting hit. Chipotle had an unsavory quarter, as sales surprisingly slowed. That stock is getting shredded. "Markets digested a high-impact slate of earnings marked by extreme single-stock volatility, investors rewarding clean beats paired with credible guidance, punishing any signs of softness," Evercore ISI strategist Julian Emanuel said. For me, the main stock story on Opening Bid today was Alphabet. The numbers were so strong that one has to wonder why the stock didn't gain more — especially considering shares trade at a discounted forward PE ratio relative to the S&P 500 (^GSPC). Zoom in: Alphabet's big quarter Alphabet is trading at only 19.3 times forward earnings on a PE basis (S&P 500 is at 24 times), and the stock goes up just 2% on Thursday morning? Did anyone listen to the earnings call? I did: The company said revenue growth accelerated throughout the business. Cloud business is rocking. The company said it's not losing key AI talent to the giant wallet of Meta (META). The discussion around AI and search seems very bullish. YouTube is crushing it. "AI (beast) mode — it's time to close the valuation gap," KeyBanc analyst Justin Patterson said. Wedbush analyst Dan Ives added, "We continue see a favorable risk/reward for Alphabet and think there is a case for multiple expansion in the coming quarters as investors gain more comfort around the current macro environment, regulatory risk, and the impact of generative AI on the business." Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Sign in to access your portfolio