Chip stocks pop after TSMC’s earnings beat boosts confidence in industrywide demand
Shares of chipmakers AMD and Nvidia popped along with equipment makers like Applied Materials after TSMC reported better-than-expected results.
Amazon’s European sovereign cloud launch is a ‘big bet,’ AWS CEO Garman tells CNBC
The Amazon Web Services European Sovereign Cloud will be “physically and logically separate” from other AWS regions, the company said.
Down in the polls, Trump yanks Republicans toward economic populism. It may not save them
President Donald Trump phoned Democratic Sen. Elizabeth Warren earlier this week.
Cerebras scores OpenAI deal worth over $10 billion ahead of AI chipmaker’s IPO
The deal will help diversify Cerebras away from the United Arab Emirates G42, which accounted for 87% of revenue in the first half of 2024.
Elon Musk’s xAI probed by California DOJ over Grok’s deepfake explicit images
Musk’s Grok AI chatbot faces investigations from India, Malaysia, Indonesia, Ireland, Australia, the UK and France as well.
Sen. Warren says Trump called her to work on credit card interest rate caps
Republicans on Capitol Hill have lightly thrown cold water on capping credit card interest at 10%.
Existing home sales end 2025 with a strong beat, as prices ease further
Home sales ended 2025 much stronger than expected, likely thanks to lower mortgage rates and easing home prices.
Wholesale inflation was softer than expected, retail sales moved higher in November
Wholesale prices moved up less than expected while consumers kept up a heavy buying pace, according to economic data Wednesday.
House GOP’s stock trading ban bill clears key hurdle despite Dems’ objections
It’s unclear if the stock trading ban bill will be able to pass the full House, where Republicans hold a razor-thin and at times fractious majority.
Mortgage refinance demand surges 40% higher after Trump post briefly tanks interest rates
Mortgage rates dropped markedly at the end of last week, causing a huge jump in demand to refinance and a smaller surge in demand from home buyers.
