Tag: business news
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AI bursts to the front of Massachusetts Democratic Senate primary
The fight over AI and its associated data center infrastructure has spilled into election-after-election this year.
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Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday. Here’s what to expect
Prior Fed chairs have used the speech as an opportunity to lay out broad policy frameworks and intentions.
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August apartment rents turn positive for the first time in four years
Apartment rents are finally turning positive as vacancies drop, thanks to less new supply.
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Donald Trump Jr. told Republican state attorneys not to fight prediction markets, NY Times reports
The president’s son, who is an advisor to two prediction market platforms, told Republican attorneys general to back off on the industry, the Times reported.
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What Warsh will say and how the market will react, according to prediction markets
Kalshi sees a low chance that Federal Reserve Chairman Kevin Warsh will mention “bond market” or “rate cut” at the annual Jackson Hole Symposium.
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Trump signs order to rename Lake Ontario ‘Lake America’ amid Canada trade war
President Donald Trump signed an executive order that he said will “immediately” change the name of Lake Ontario to “Lake America.”
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Nvidia’s blowout earnings contained some red flags
Supplier commitments, accounts receivable and free cash flow are points of concern.
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Fed’s Hammack says ‘now is the time to act’ on raising interest rates
She still thinks the Fed needs to take action against inflation that is straining household budgets.
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This software stock’s AI pivot is starting to pay off, Goldman Sachs says
Salesforce reported strong quarterly financial results and guidance on Wednesday, boosting confidence in the growth potential of its stock, per Goldman Sachs.
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Family offices are making a bullish bet on the stock market, according to CNBC Family Office Portfolio Tracker
The data includes the portfolios of hundreds of family offices, representing a total of $1.4 trillion in assets.
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