JPMorgan says recession fears are not to blame for the sell-off, points to another culprit
CNBC Fred Imbert March 13, 2025 Fears of an economic recession have been cited as a catalyst for the stock market’s horrid run this week. JPMorgan thinks something else may be driving the downturn. “In our mind the most likely culprits are equity hedge funds and in particular two categories: Equity Quant hedge funds and […]
The ‘Spy Sheikh’ Taking the AI World by Storm
Abu Dhabi’s Tahnoon bin Zayed al Nahyan has more than $1.5 trillion to spend and he’s in a hurry; grappling with Mark Zuckerberg. The Abu Dhabi royal sometimes called “the spy sheikh” is accustomed to using his vast wealth to master his many obsessions, which have ranged over the years from martial arts to chess […]
Senate GOP’s Tax-Cut Wishlist Heads North of $5 Trillion
By Richard Rubin Updated March 12, 2025 WASHINGTON—Senate Republicans are planning tax reductions that go well beyond an extension of President Trump’s expiring tax cuts. On the menu: Reviving lapsed business tax breaks, expanding the child tax credit, loosening the cap on the state and local tax deduction and incorporating Trump’s ideas for eliminating taxes […]
Trump and TSMC announce $100 billion plan to build five new US factories
By David Shepardson and Steve Holland March 3, 2025 Trump, TSMC announce $100 bln plan for US chip plants • Summary • Companies • TSMC plans $100 billion investment in United States • CEO announces the plan during meeting with Trump • Investment will include new chip factories • TSMC shares decline as investors weigh […]
What to Know About ‘Stargate,’ OpenAI’s New Venture Announced by President Trump
By Billy Perrigo January 22, 2025 President Donald Trump on Tuesday announced a $500 billion joint venture between OpenAI, Softbank, MGX and Oracle to build new datacenters to power the next wave of artificial intelligence (AI) – in an early signal that his Administration would embrace the technology. The plans, which predate the Trump Administration […]
Former Treasury Secretary Steven Mnuchin says ‘people are overreacting a bit’ to Trump’s policies
By Jesse Pound March 12, 2025 Mnuchin, who served in President Donald Trump’s Cabinet during the Republican’s first term in office, told CNBC’s “Squawk Box” that he does not see signs of an imminent slowdown for the U.S. economy. The first few months of Trump’s second term have been marked by escalating trade tensions between […]
Powell says there’s no rush to ease more given strong economy
By Reuters February 11, 2025 Feb 11 (Reuters) – The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2% target, Fed Chair Jerome Powell said in opening remarks prepared for delivery at a Senate […]
Apple will spend more than $500 billion in the U.S. over the next four years
February 24th, 2025 Teams and facilities to expand in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington Plans include a new factory in Texas, doubling the U.S. Advanced Manufacturing Fund, a manufacturing academy, and accelerated investments in AI and silicon engineering CUPERTINO, CALIFORNIA Apple today announced its largest-ever spend commitment, with plans […]
TSMC’s Sales Quicken in First Two Months in Upbeat Note for AI
Summary by Bloomberg AI Taiwan Semiconductor Manufacturing Co.’s revenue increased 39% in the first two months, driven by resilient demand for AI chips. The company’s sales are a barometer for the sector, and its growth is seen as a sign of healthy spending on artificial intelligence computing. However, TSMC faces uncertainty in 2025, including the […]