Author: Daniel snow
Elon Musk said Tuesday that he expects Tesla and xAI will continue buying chips from semiconductor giants Nvidia and AMD, and possibly others.Musk’s artificial intelligence company, xAI, which now owns social media platform X, has already installed 200,000 GPUs at its Colossus facility in Memphis, Tennessee, the Tesla CEO told CNBC’s David Faber on Tuesday. XAI is also planning a 1 million GPU facility outside Memphis, Musk said. He did not specify how many chips the company had already ordered and by which date they may be installed.”A few years ago, I made a very obvious prediction, which is that the limitation…
Ted Olson didn’t live to see how quickly Trump’s blackmail could reduce once-proud law firms to pitiable supplicants for the president’s grace. Source link
Treasury yields moved higher on Wednesday as investors feared a new U.S. tax bill could worsen the country’s deficit following a Moody’s downgrade of the U.S. credit rating.At 6:57 a.m. ET, the 30-year Treasury bond yield was up over 6 basis points at 5.03%. The 10-year yield was more than 5 basis points higher at 4.537%. The 2-year yield advanced just over 2 basis points, reaching 3.994%.One basis point is equivalent to 0.01%, and yields and prices move in opposite directions.Investors are keeping an eye on discussions around U.S. President Donald Trump’s budget bill as some Republicans said they wouldn’t support the bill without larger…
If you’ve built a successful business, here’s how you can earn more by sharing the skills you’ve picked up along the way. Source link
The latest changes to hit the Consumer Financial Protection Bureau prove corporate interests are paramount. Source link
Destination dupes, or lesser-known locales that are culturally and geographically similar to a popular tourist getaway without the crowds and pricey accommodations, are growing in popularity as consumers cut back on spending. Source link
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | ReutersAfter shifting in a narrow range for several weeks, mortgage rates moved decidedly higher last week. That caused a 5.1% drop in mortgage applications compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.92% from 6.86%, with points increasing to 0.69 from 0.68, including the origination fee, for loans with a 20% down payment. That rate was just 9 basis…
BofA closes short USD/ZAR trade citing potential rise, bullish on rand Source link
How does JD Vance’s faith influence the Trump administration’s policies? What is the Trump administration’s definition of success on immigration policy? On trade policy? What does the vice president have to say to Americans who voted for this administration, but have been surprised by some of its policy choices? This week in Rome, I’m talking to the vice president of the United States. Mr. Vice President, welcome to “Interesting Times.” Thank you, Ross. Try and contain your laughter. Wait – is that actually the name of your podcast? That is the name of our show, yes. Do we not live…
Morgan Stanley sees a more “synchronous” earnings recovery for the U.S. ahead, aided by in part by Fed rate cuts next year. Source link