Fed votes to hold rates steady, notes ‘uncertain’ impacts from Iran war
The Federal Reserve on Wednesday released its decision in interest rates.
Bitcoin needs to reclaim $75,000 to herald a risk-on recovery, charts show
The two prior times when the bitcoin-to-S&P-500 relative line made a key low, it also marked major lows for the SPX — March 2020 and Oct. 2022.
Micron earnings are out after the bell following a big move higher. What analysts expect
Micron Technology is expected to beat on its fiscal second-quarter results due to a surge in demand for AI-linked hardware that has boosted memory chip prices.
Meta is shutting down VR social platform Horizon Worlds in further pivot away from the metaverse
Meta is scaling back its metaverse focus, cutting studios and head count at Reality Labs to prioritize artificial intelligence.
Investors rip up European boom bets as stagflation fears soar on Iran war oil shock
Bank of America’s latest European Fund Manager survey suggests stagflation is now the consensus view for the coming months.
Trump waives Jones Act shipping rules for 60 days to steady oil market
The Trump administration “remains committed to continuing to strengthen our critical supply chains” amid the Iran war, press secretary Karoline Leavitt said.
How the red-hot AI data center boom is igniting demand for a new, lucrative career path: Trade workers
While anxiety around AI replacing white-collar jobs has reached a fever pitch, the data center boom is creating lucrative opportunities for trade workers.
It’s not just oil: Aluminum prices have surged as Iran conflict chokes supply
The U.S. and Israel’s war with Iran has upended the supply of aluminum in the Middle East, sending prices of the base metal skyrocketing.
Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
Bain’s potential sale of its stake in Bridge Data Centres comes amid a dealmaking frenzy in the sector, buoyed by surging demand for AI compute capacity.
