Author: Daniel snow
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street. Source link
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon says he doesn’t get the appeal of stablecoins, but he also can’t afford to stay on the sidelines.It’s the message Dimon gave Tuesday when asked during an earnings conference call about whether his company, the largest and most influential U.S. bank, was exploring the payment technology.Stablecoins, as the name suggests, are a type of…
Nirav Tolia is back at the company he co-founded and says the app’s redesign will make it more useful and timely. Source link
Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world’s largest cryptocurrency past $123,000 for the first time.Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn’t being driven by retail mania or meme-stock energy. This move is being powered by structural demand, shifting macro positioning and a wave of Wall Street adoption that’s playing out in real time.Spot Bitcoin ETFs pulled in $2.7 billion last week, including nearly $1.3 billion in a single day — the second-largest…
CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Yuki Iwamura | Bloomberg | Getty ImagesCoreweave stock climbed more than 9% on Tuesday after the company announced a $6 billion artificial intelligence data center project in Pennsylvania.The commitment includes an initial 100 megawatt data center built in Lancaster, a city about 70 miles west of Philadelphia. The data center will be able to expand to 300 MW.”The demand for high-performance AI compute is relentless,” said CoreWeave CEO Michael Intrator in a release, “and CoreWeave is scaling a cloud purpose-built for AI to meet it…
Stanley Druckenmiller’s bet against America’s debt is no ordinary trade. Source link
Construction renovation of new office in business building window at nightFangxianuo | E+ | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.After a slow improvement in demand for office space in the first part of this year, April brought a significant contraction. Tariffs may be behind it.In April, 17 of the 19 major office markets…
Many catalysts can propel industrial activity in the U.S. over the next several years, including new accounting rules in President Donald Trump’s big spending bill. Source link
Workers prepare customers’ orders at the main rice market in Jakarta on July 9, 2025.Bay Ismoyo | AFP | Getty ImagesPresident Donald Trump on Tuesday said he has reached a deal with Indonesia, a week after he threatened to slap a 32% tariff on the southeast Asian country’s U.S. exports.Trump in a Truth Social post called it “great deal, for everybody,” and said it followed direct dealings with Indonesian President Prabowo Subianto.He provided no other information about the purported deal, but said details would follow.Indonesia is one of the United States’ top 25 trade partners, with the two countries trading…
A new analysis of government data shows the places where layoffs have hit hardest in relation to the size of a state’s total workforce. Source link