While Corning shares fell 7% post-earnings, Jim Cramer’s charitable trust doubled its position. The market’s overlooking strong enterprise growth in optical communications, where AI data center demand is accelerating.
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Analysts project the battery energy storage system market will surge from $8.23 billion in 2024 to $54.34 billion by 2032. This remarkable growth, driven by renewable energy integration and technological advances, highlights the critical role of energy storage in modern power grids. Industry sources indicate sustainable energy policies and falling battery costs are accelerating market expansion globally.
The global energy storage landscape is undergoing a dramatic transformation, with the battery energy storage system (BESS) market projected to experience exceptional expansion throughout this decade. According to recent market analysis, the sector is expected to grow from USD 8.23 billion in 2024 to USD 54.34 billion by 2032, representing a compound annual growth rate of 26.61% between 2025 and 2032. Industry observers suggest this growth trajectory underscores the increasingly critical role of storage solutions in global energy infrastructure.
CSX Corporation saw shares climb 2% after hours following better-than-expected quarterly earnings. Meanwhile, Interactive Brokers Group declined despite beating estimates, and Oracle fell after providing its long-term outlook. Obesity drug manufacturers Novo Nordisk and Eli Lilly also moved lower.
Shares of CSX Corporation jumped approximately 2% in after-hours trading Thursday after the railroad company reported quarterly results that reportedly exceeded analyst expectations. According to the analysis by LSEG, CSX posted adjusted earnings of 44 cents per share on revenue of $3.59 billion for its third quarter, slightly beating expectations of 42 cents per share on $3.58 billion in revenue. The report states that despite this performance, declining coal prices and merchandise volume contributed to slightly lower revenue during the period. CSX Transportation operates one of the largest railroad networks in the eastern United States.
A Quebec man has been fined $3,500 for submitting AI-generated legal citations in his defense. The judge warned the case highlights dangers of artificial intelligence misuse in legal proceedings and could “seriously test the vigilance of the courts.”
A Quebec man has been ordered to pay C$5,000 (approximately US$3,562) for submitting artificial intelligence hallucinations as part of his legal defense, according to court documents. Sources indicate that Quebec Superior Court Justice Luc Morin described the conduct as “highly reprehensible” and warned it threatened to undermine integrity in the legal system.
