Nvidia-backed Fireworks hits $17.5 billion valuation as companies pursue cheaper AI models
Fireworks once relied heavily on revenue from coding startup Cursor, but has diversified in the past year as more companies reach for lower-cost AI models.
Analysis: Fed Chairman Warsh faces an inflation credibility test after Congress hearings
The new Fed chairman avoided major stumbles in two days of testimony before the House and Senate, but faces a rapid test of his commitment to price stability.
Amazon senior cloud executive departs after 18 years
Brown helped launch one of AWS’ oldest services and also oversaw its compute and machine learning units.
Fed Chairman Warsh says he meets ‘often’ with Trump administration, defends independence
Kevin Warsh said Wednesday that he speaks with Treasury Secretary Scott Bessent frequently outside their regular weekly meetings.
Trump’s pick to head national intelligence, Jay Clayton, won’t tell senators Biden won the 2020 election
The Senate Intelligence Committee is considering Jay Clayton’s nomination to be the director of national intelligence.
Fed Chairman Kevin Warsh’s testimony to Senate banking committee hits on economy, interest rates
As part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House financial services committee.
IRS chief Frank Bisignano will lead Trump Accounts expansion
The Treasury Department is putting a top official in charge of the new program as it enrolls millions of families.
New York Fed President Williams says inflation has peaked, rates ‘well positioned’
Williams cited five reasons why he expects the latest price surge has run its course.
Hassett sees no ‘excuse’ to raise rates, says Warsh will push Fed to ‘right answer’
Hassett, on CNBC, credited President Donald Trump’s policies after the latest consumer price index reading came in much lower than expected.
Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause
Mortgage rates moved higher last week, causing buyers to pull back, but refinancing did see small gains.
