Fed's Miran Says Policy Still Too Tight Despite Stock Rally, Goolsbee Nervous on Inflation
The Miran View Fed Governor Stephen Miran is pushing hard for aggressive rate cuts. He dissented last week when the Fed cut rates by a quarter point, arguing for a half-point reduction instead. Miran appeared on Bloomberg Monday restating his case that Fed policy remains too restrictive. He dismissed arguments that strong stock and corporate […]
Ex-Crypto Miner IREN Lands Massive Microsoft Contract as Industry Shifts to AI
The Deal Microsoft just handed a nearly $10 billion contract to a former bitcoin miner. IREN, previously known as Iris Energy, secured a $9.7 billion five-year deal to provide Microsoft access to Nvidia chips at its Childress, Texas facility. "This deal is really transformational for our business," IREN chief commercial officer Kent Draper told Yahoo […]
Amazon Stock Jumps 5% on $38 Billion OpenAI Deal for Nvidia AI Chips
The Deal Amazon landed a massive AI infrastructure deal. OpenAI will spend $38 billion to access hundreds of thousands of Nvidia AI chips through Amazon Web Services. Under the partnership, OpenAI runs its AI workloads on Nvidia GPUs housed within Amazon's AI servers. The companies said OpenAI would immediately start using AWS infrastructure, scaling to […]
Trump Says He Has "No Idea Who" Binance Founder Is After Pardoning Him Last Month
The Pardon Claim President Trump granted a pardon to Binance founder Changpeng Zhao last month. Now he says he doesn't know who CZ is. "Okay, are you ready? I don't know who he is," Trump told CBS "60 Minutes" in an interview that aired Sunday. "I don't know the man at all. I don't think […]
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