BlackRock and Microsoft raise $30 billion for AI investments
(Bloomberg) — BlackRock Inc. and Microsoft Corp. are partnering on one of the biggest projects yet to finance the expansion of databases and energy infrastructure that are driving the artificial intelligence boom. Most read by Bloomberg The companies, together with…
Gold rises to record highs after Fed makes first rate cut since 2020
(Bloomberg) — Gold prices fell from a record high after Federal Reserve Chairman Jerome Powell signaled that policymakers were in no rush to cut interest rates sharply following Wednesday’s half-percentage-point rate cut. Most read by Bloomberg Gold, which typically benefits…
Stockbrokers sell the news after Fed makes big move: Markets Wrap
(Bloomberg) — A rally that had briefly pushed stocks to all-time highs hit a wall when the Federal Reserve signaled it was in no hurry to ease monetary policy after cutting interest rates by half a percentage point. Most read…
Wall Street reacts to the Fed’s “cautious” first rate cut in four years
(Bloomberg) — Traders increased their bets on further easing of monetary policy by the Federal Reserve, and the dollar weakened slightly after the Federal Reserve cut interest rates by half a percentage point for the first time in four years….
Carlyle CEO expects Fed to cut interest rates three times this year, followed by a pause
(Bloomberg) — Harvey Schwartz, chief executive of the Carlyle Group Inc., expects the U.S. Federal Reserve to cut interest rates three times by the end of the year and then pause to assess the impact. Most read by Bloomberg The…
Intel confirms $3 billion grant from Defense Department’s Chips Act
(Bloomberg) — Intel Corp. said Monday that it is eligible for up to $3 billion in U.S. grants to make chips for the military, confirming an earlier report by Bloomberg. Most read by Bloomberg The project, called “Secure Enclave,” aims…
Amazon boss promises leaner teams despite bloated workforce and ends home office
(Bloomberg) — Amazon.com Inc. (AMZN) CEO Andy Jassy is planning to streamline the world’s largest online retailer and cloud computing company by cutting management layers and ordering employees to return to the office five days a week starting in January….
Moderna shares plummet: Sales forecast disappoints, research budget cut
(Bloomberg) — Moderna Inc. said it plans to cut its research and development budget by about 20% over the next three years as it seeks a path to profitability after disappointing vaccine sales. Most read by Bloomberg The biotech company…
Former Uruguayan bank chief who beat inflation relies on growth
(Bloomberg) — As central banker, Diego Labat got Uruguay’s chronically high inflation under control. Now, as finance chief, he’s looking to seize the opportunity to boost the South American country’s sluggish growth if voters give the ruling coalition another five-year…
Petro solves one crisis in Colombia – more are on the horizon
(Bloomberg) — Gustavo Petro took power in 2022 with a promise to improve the lives of tens of millions of poor Colombians. Two years later, plagued by corruption scandals, constant cabinet changes and failed reforms, he faced the biggest social…
