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Dylan Sloan

Dylan Sloan

Fortune

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Nvidia announces threefold sales increase in another blowout earnings report— ‘We’re racing every day,’ says CEO Jensen Huang

Demand for the company’s GPUs and data centers is skyrocketing and customers want systems up and running as quickly as possible.

23.05.2024 10

Fortune

Dylan Sloan

Trader’s ‘fat finger’ costs Citi $79 million after UK fines bank over mistake that triggered 2022 market crash

The erroneous trade prompted 711 pop-up warning messages in a single alert before it sparked a European selloff.

22.05.2024 30

Fortune

Dylan Sloan

Tech companies are voluntarily agreeing to an AI ‘kill switch’ to prevent Terminator-style risks as some regulators remain hesitant to flex their legal muscles

Developers and governments reach consensus, but “toothless” commitments fall short of formal global legal frameworks.

21.05.2024 30

Fortune

Dylan Sloan

Fed governor highlights de-dollarization debate as concerns of global economy dropping the dollar grow: ‘The role of the U.S. economy in world finance is changing’

Russia sanctions, Chinese central bank policy are reopening long debate over the future of dollar dominance.

20.05.2024 40

Fortune

Dylan Sloan

Why you should care about—and fear—America's aging energy grid

The aging plumbing undergirding America’s green, high-tech future is finally getting its moment in the spotlight—and it’s not pretty.

19.05.2024 20

Fortune

Dylan Sloan

Two Texas cattle traders promised epic returns on investment. Now, they’re accused of a $161 million Ponzi scheme

The “too good to be true” agribusiness promised a 15% guaranteed return on just $2,000 down, the government said.

17.05.2024 40

Fortune

Dylan Sloan

GameStop stock is crashing after the company reported weak sales and cashed in on the meme stock revival by selling 45 million shares

Meme stock pump appears to be dying out as GameStop and retail traders cash in on their winnings.

17.05.2024 50

Fortune

Dylan Sloan

An obscure 47-year-old law designed to right the historic wrongs of redlining was the ‘original ESG framework,’ executives say. Just look at how Crown Heights and Bed-Stuy have changed

The Community Reinvestment Act was a game-changer, but that was years ago. "When the CRA was passed, interstate banking wasn’t a thing. The...

16.05.2024 30

Fortune

Dylan Sloan

‘Banks continue to become increasingly less relevant’: the professor who sees a $2 trillion hole in the economy predicts a thinning of the herd

Small-to-mid-size banks will be the first forced out of business, he says. “There are quite a few banks in the United States right now that have...

16.05.2024 30

Fortune

Dylan Sloan

Chinese EV maker Zeekr is making inroads into Wall Street—it’s now listed on the New York Stock Exchange, and traders are piling in

Investors appear to disregard concerns over an expected quadrupling of China EV import tariffs.

13.05.2024 10

Fortune

Dylan Sloan

The AI data center revolution is happening right in your backyard

I visited a new AI data center just outside New York City. Here’s what I saw.

12.05.2024 30

Fortune

Dylan Sloan

Traders have turned betting on the weather, a technique pioneered by Enron, into a booming $25 billion market

Companies from Wall Street to Main Street are flocking to the once-niche sector amid elevated climate scrutiny and extreme weather.

08.05.2024 50

Fortune

Dylan Sloan

Spirit Airlines CEO, still salty after its failed JetBlue merger, calls the airline industry a ‘rigged game’ and consumers 'the long-term losers’

Months after challenge to “Big Four” airlines falls apart, Spirit blasts Department of Justice for blocking proposed merger.

07.05.2024 60

Fortune

Dylan Sloan

Joe Manchin and mining officials slam EV tax credit rule change, calling it a “blank check” to China

Automakers, industry groups applaud two-year extension to policy allowing them to use Chinese graphite and still qualify for tax credits.

07.05.2024 50

Fortune

Dylan Sloan

AI’s massive appetite for energy will make or break climate-change goals

Aging energy infrastructure can’t handle AI’s huge power needs. Experts are divided on whether an AI-fueled grid will mean more solar panels or...

06.05.2024 50

Fortune

Dylan Sloan

Florida braces for hurricane season with $850 million ‘catastrophe bond’ issuance

Struggling property insurance market is showing glimmers of promise as reinsurance costs soften and private companies get back in the game.

02.05.2024 20

Fortune

Dylan Sloan

Microsoft inks $10 billion green energy deal as power-hungry AI forces its hand to meet emissions commitments

Driven by AI power demand rising at an “exponential” rate, Microsoft and Brookstone ink largest private energy deal yet.

01.05.2024 20

Fortune

Dylan Sloan

MedMen’s spectacular collapse is complete: Just five years after earning a whopping $3 billion valuation, the one-time legal cannabis darling has declared bankruptcy

“MedMen has been ‘DeadMen’ to most investors for a long time,” one industry analyst told Fortune.

29.04.2024 30

Fortune

Dylan Sloan

Meta’s investors are worried about the billions it’s spending on AI—but its advertising empire makes it a positive, Deutsche Bank says

Investors balk at $40 billion in spending, sending stock falling—but analysts say Meta’s advertising advantage is a perfect use case for AI.

26.04.2024 20

Fortune

Dylan Sloan

Biden bets big on Idaho chips—of the semiconductor variety

Biden administration announces $6.1 billion Chips Act grant for Boise-based semiconductor maker Micron.

25.04.2024 40

Fortune

Dylan Sloan

GM is on the rise—but for now, EVs are holding it back, not leading the charge

Strong quarterly earnings are countered by continued losses on EV production, but GM says its EVs will be profitable by as soon as later this year.

24.04.2024 50

Fortune

Dylan Sloan

Here’s who might buy TikTok as a Senate ban-or-divest order appears all but certain

The TikTok divestment bill was bundled into a massive $95 billion aid package, which helped fast-track it through Congress.

23.04.2024 90

Fortune

Dylan Sloan

OpenAI’s Sam Altman is funding a green-energy moonshot as AI’s power demands grow to “insatiable” levels

Altman leads $20 million funding round for solar startup Exowatt, which aims to generate nearly unlimited and nearly free power.

22.04.2024 10

Fortune

Dylan Sloan

There’s an early winner in the race to feed AI’s infrastructure demands: private equity

Firms plow tens of billions into data centers and energy projects: “The amount of money that’s being invested in this area is breathtaking.”

19.04.2024 30

Fortune

Dylan Sloan

Taiwan’s surging energy prices are a warning for power-hungry American AI companies—and a boon for the biggest chip manufacturer

TSMC beats expectations on earnings, but stock falls anyways because investors had the company “priced for perfection.”

19.04.2024 40

Fortune

Dylan Sloan

This $362 billion 'beyond well-positioned' Dutch company is quietly winning the global AI chips race

ASML has a monopoly on advanced semiconductor manufacturing tools, and it’s poised to gain from CHIPS Act investment.

18.04.2024 10

Fortune

Dylan Sloan

The cost of buying a used electric car is plummeting—and that’s great news for mass adoption, but bad news if you already bought one

EV prices are cheaper than ever, opening the market up for budget buyers but costing EV owners thousands in lost resale value.

17.04.2024 10

Fortune

Dylan Sloan

Cheap electric cars are finally here—but price cuts won’t translate to more sales until infrastructure catches up

Would-be buyers of sub-$10,000 used EVs are limited by access to public chargers.

16.04.2024 10

Fortune

Dylan Sloan

Gen AI speech and video platforms grapple with a flood of user-generated content: ‘This will be used by bad people to do bad things, that’s for sure’

CEOs advocate for mandatory AI disclosures and limits on impersonation at Brainstorm AI conference.

15.04.2024 20

Fortune

Dylan Sloan

March Madness was a huge payday for legal online sportsbooks—but even more so for illegal platforms, which attracted $4.3 billion in bets

Surge in online sports betting popularity has generated a troubling increase in unlicensed betting, study finds.

12.04.2024 20

Fortune

Dylan Sloan

Meta and Google announce new in-house AI chips, creating a “trillion-dollar question” for Nvidia

Nvidia still dominates the AI hardware sector, but the potential success of Big Tech companies’ native chips poses a threat.

11.04.2024 10

Fortune

Dylan Sloan

Semiconductor giant TSMC is riding high after a 16% sales boost and $6 billion grant. Its unique model is what brought it to market dominance

AI is sending semiconductor stocks soaring, and TSMC, the world’s largest chipmaker, is poised to gain.

10.04.2024 20

Fortune

Dylan Sloan

Engineers at Baltimore’s fallen port are working so diligently, they expect to restore service months earlier than expected

Experts initially feared months-long shutdowns and supply-chain disruptions.

10.04.2024 10

Fortune

Dylan Sloan

Water-guzzling chipmaker TSMC and drought-plagued Arizona are an unlikely pair, but Phoenix says it has enough water

Commerce Department issued a $6.6 billion grant to the Taiwanese chipmaker to build new fabrication facilities in drought-prone Arizona.

09.04.2024 40

Fortune

Dylan Sloan

Regulators halt a controversial climate rule after being pelted by 10 legal challenges over it

SEC issues stay on watered-down climate rule as legal challenges work through the courts, but effects on reporting companies won’t change much in...

05.04.2024 10

Fortune

Dylan Sloan

‘Craziest talent war I’ve ever seen:’ Elon Musk says AI is hitting a new frenzy—and he helped set it off 11 years ago with Larry Page and Sam Altman

In 2015, Musk stole one of Google founder Page’s best AI minds: Ilya Sutskever, the man who’d one day lead a failed coup against Sam Altman.

05.04.2024 20

Fortune

Dylan Sloan

SEC commissioner lets rip on chairman Gary Gensler’s leadership for ‘stilted communication’

Former SEC official criticizes speech: “If that speech had to be transparent in the way SEC filings have to be, she’d be subject to SEC...

04.04.2024 50

Fortune

Dylan Sloan

Texas avian flu outbreak spreads from cows to humans and chickens, but is ‘a very, very small part of the overall picture,’ state agriculture boss says

Agriculture Commissioner Sid Miller says mass infection is unlikely—but stay away from unpasteurized milk

03.04.2024 30

Fortune

Dylan Sloan

Iowa basketball star Caitlin Clark, who’s never had a full-time job, is worth over $3 million—and she’s changing the financial playbook for college athletes

A WNBA contract and lucrative endorsement deals will result in a multimillion-dollar windfall for Clark once she finishes her college career.

02.04.2024 50

Fortune

Dylan Sloan

Is AI the new crypto? DeepMind co-founder says 'hype' and 'grifting' threaten the emerging sector

Surge in venture funding and public excitement has DeepMind co-founder and CEO Demis Hassabis drawing crypto parallels.

01.04.2024 6

Fortune

Dylan Sloan

Ford is slashing two-thirds of the employees at its F-150 Lightning plant as its ambitious electric-car plans sputter

Ford is redirecting production from EVs to hybrids as it seeks to keep sales up and comply with the new EPA emissions rule.

29.03.2024 50

Fortune

Dylan Sloan

Prop bets helped fuel the $11 billion sports gambling boom—but the NCAA president wants them gone

NCAA President Charlie Baker wants to ban prop bets, which could have unintended consequences.

29.03.2024 20

Fortune

Dylan Sloan

USDA identifies ‘rapidly evolving’ cattle virus as avian flu, another blow to Texas panhandle cattle ranchers battered by wildfires

A mysterious virus infecting cows in Texas, Kansas, and New Mexico has been identified after weeks of uncertainty, and it shouldn’t affect the dairy...

27.03.2024 9

Fortune

Dylan Sloan

Wall Street giant Larry Fink says younger generations don’t trust older ones, and they’re completely justified

Fink thinks Gen Z and millennials believe the boomers focused on their own financial well-being before all else. "And in the case of retirement,...

26.03.2024 10

Fortune

Dylan Sloan

Jerry Levin, known as the CEO who pushed for the ‘worst merger in corporate history,’ is less known for falling on his sword for the $350 billion deal later in life

The former AOL Time Warner CEO, who died last week, leaves behind a complicated legacy.

26.03.2024 40

Fortune

Dylan Sloan

Florida’s insurers are profitable after 7 straight years of losses—but it’s mostly because of dumb luck

Mild hurricane season hands Florida’s property insurers their first positive returns in nearly a decade.

25.03.2024 4

Fortune

Dylan Sloan

Baseball superstar Shohei Ohtani is entangled in a bizarre $4.5 million gambling scandal involving his interpreter

Months after inking a $700 million contract with the Los Angeles Dodgers, Ohtani’s season is off to a strange start.

21.03.2024 40

Fortune

Dylan Sloan

EPA inks ‘single most important climate regulation in the history of the country’

Final rule buys carmakers more time to transition to EV production, but environmental groups are still heralding it as a win.

20.03.2024 10

Fortune

Dylan Sloan

Intel wins $19.5 billion in CHIPS Act funding as ‘historic’ semiconductor spending spree heats up

Commerce Department announces largest grant to date, and says there’s more coming soon.

20.03.2024 30

Fortune

Dylan Sloan

A brokerage app hired an army of 1,700 influencers and misled investors on social media, regulators say—and it just got slammed with a massive fine

This is the first time FINRA has levied enforcement against a company for its social media influencer strategy.

19.03.2024 10

Fortune

Dylan Sloan

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