Author: Daniel snow
Fruit and vegetables are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | Afp | Getty ImagesAmericans grew less fearful about inflation in May as President Donald Trump backed off the most severe of his tariff proposals, according to a New York Federal Reserve survey Monday.The central bank’s Survey of Consumer Expectations showed that the one-year inflation outlook took a substantial dip, down to 3.2% — a 0.4 percentage point decrease from April.At the three-year horizon, the outlook fell 0.2 percentage point to 3%, while the five-year forecast edged down to 2.6% from 2.7%.While…
Los Angeles, CA – May 17: Signage and people along Bruin Walk East, on the UCLA Campus in Los Angeles, CA, Wednesday, May 17, 2023.Jay L. Clendenin | Los Angeles Times | Getty ImagesAn unexpected $3,000 in interestEllie BrueckerCourtesy: Bruecker FamilyDespite the government’s promises, Bruecker’s student debt has grown by around $3,000 during the roughly year-long SAVE reprieve, her loan documents show.”I saw those numbers and my eyes bugged out of my head,” said Bruecker, 34.She’s not the only SAVE borrower seeing interest accruing: Other people facing the same issue have taken to social media to try and get answers.At…
Microsoft ROG Xbox Ally and Ally X Handheld devicesSource: XboxMicrosoft Xbox players will soon be able to take their favorite games anywhere with the launch of the new ROG Xbox Ally handhelds.This is a first for Xbox, which has never released a handheld before.The devices, developed in collaboration with ASUS, offer a full-screen Xbox experience meant for portable play.Players will be able to access Xbox games, stream content, and play on the go with built-in support for cloud gaming.”Players can look forward to an approachable gaming experience that travels with you wherever you go, featuring several new and first-of-their kind…
U.S. data center operator Vantage has raised 720 million euros ($821.4 million) — the first of its kind deal in Europe.The asset-backed securitization (ABS) deal, the first ever euro-denominated with data center assets on the continent, involves four data centers in Germany.The company said it will be paying on average a 4.3% coupon on the bonds issued through the process.In an ABS, Vantage raises money by using its data center infrastructure and future revenues from the facilities as collateral.Vantage said it will use the funds primarily to pay off existing construction loans previously secured for the facilities.”We believe the ABS…
IonQ is buying United Kingdom-based quantum computing startup Oxford Ionics in a deal valued at nearly $1.1 billion.Shares gained about 4%.The companies said in a release that the deal will combine IonQ’s quantum computing hardware and software knowledge with Oxford Ionics’ semiconductor chip technologies. The company aims to deliver breakthroughs in the field and capitalize on growing revenue opportunities.”We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications,” said IonQ CEO Niccolo De Masi in a release.The deal, which is expected to close…
Jensen Huang, co-founder and chief executive officer of Nvidia, at the London Tech Week exposition in London, UK, on Monday, June 9, 2025.Bloomberg | Bloomberg | Getty ImagesLONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week.The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the “godfather of AI” — is more like a rockstar these days, given his wide-spanning effect on the AI industry.”The amount of infrastructure required for AI wouldn’t be possible without that man,” one attendee at London Tech Week said.”He’s like Iron Man,” the attendee…
A row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025. Benjamin Hanson | Afp | Getty ImagesSeveral Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump’s immigration crackdown.A spokesperson for the Alphabet-owned company confirmed there were multiple Waymo vehicles “in the vicinity” of protests that were unable to be retrieved, NBC News reported. Waymo is suspending service in the protest area “until it is deemed safe,” the spokesperson added.The protests erupted in downtown L.A. on Friday after Immigration…
After a turbulent first half of 2025, TS Lombard’s economist, Dario Perkins, has identified the ten issues he’s been most commonly asked to address by clients and provided a response to each. Source link
Almost every weekday morning for the past year, I’ve been tapping my credit card for my morning coffee without thinking twice.What I didn’t realize was that I was throwing money away. My card offers up to $84 a year in statement credits for purchases at one of my regular coffee spots — but only if I enrolled first. I hadn’t, because I didn’t know the credit existed.Statement credits are cash back on certain purchases — typically with specific brands or retailers — that are applied to your credit card balance. They’re essentially free money for things you might already be…
These companies are more profitable than they were a year ago. They are also expected to put up huge sales growth numbers through 2027. Source link