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Initially, GE referred to the business as Renewable Energy & Power, and when it unveiled the name Vernova in 2022 ... GE Vernova is delivering gas turbines the size of houses, as many as it can make, at ever-higher prices, with a backlog that’s approaching the end of the decade ... artificial intelligence is driving demand for electricity, and firing up more natural gas is the easiest way for utilities to meet demand. That’s part of it, and the AI glow might help explain why shares are up about 400% since the spinoff.
By Jack Hough
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The official line is that the central bank’s new buys of $20 billion of Treasury bills a month doesn’t represent anything other than ordinary management of money-market conditions. Some veteran Fed watchers aren’t so sure. In particular, the central bank purchases seem part of a coordination with the Treasury to help fund the massive U.S. budget deficit and tamp down longer-term bond yields.
By Randall W. Forsyth
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| Last updated: Dec. 15, 05:20 | Page 4 of 6 |


