Author: Daniel snow

From left, Cully Cavness, co-founder and operating chief of Crusoe, and Chase Lochmiller, Crusoe’s co-founder and CEO, appear at a Kent Denver School event in Englewood, Colo., on April 9, 2025. The two were recognized as distinguished alumni.CrusoeCloud infrastructure startup Crusoe, which is helping to build OpenAI’s Stargate data center project in Texas, said Wednesday that it has raised a $750 million credit line from Brookfield Asset Management.The new debt will go toward data centers, Nvidia chips and electrical and power generation infrastructure, Crusoe CEO Chase Lochmiller said in an interview.”We’re in a very capex-heavy business, which requires having significant…

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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. U.S. stocks rose slightly Wednesday, the session “defined by a CPI that was very benign,” said Jim Cramer. Consumer prices for the month of May came in below estimates, though shelter was a sticking point. Jim cited housing inflation as the reason why bond yields are relatively unchanged. Meanwhile, in trade news, President Donald Trump confirmed via Truth Social that an agreement with China was reached. According to the president, China will supply more…

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Sdi Productions | E+ | Getty ImagesMillions of Social Security beneficiaries received a 2.5% boost to their benefits in 2025, thanks to an annual cost-of-living adjustment that went into effect in January.In 2026, Social Security checks may go up by the same amount — 2.5% — based on the latest government inflation data, according to new estimates from both The Senior Citizens League and Mary Johnson, an independent Social Security and Medicare policy analyst.That is up from the 2.4% increase for 2026 that those sources forecast last month. A 2.5% cost-of-living adjustment would be “about average,” according to Johnson.The Social…

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The Walt Disney logo is displayed on screen during the Walt Disney Studios presentation at The Colosseum at Caesars Palace at CinemaCon 2025 in Las Vegas, Nevada, on April 3, 2025. Valerie Macon | AFP | Getty ImagesDisney and Universal joined forces in a lawsuit against artificial intelligence image creator Midjourney, alleging copyright infringement, according to court filings.It is the first AI copyright lawsuit from Hollywood giants.The lawsuit claims that the company used and distributed AI-generated characters from the movie studios like Star Wars, The Simpsons and other films and alleges that Midjourney disregarded requests to stop.The studios included numerous…

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