Wall Street Journal

Last year, new Federal Reserve Chairman Kevin Warsh believed that artificial intelligence would pave the way for interest rate cuts. Now it is doing exactly the opposite.

amefika1 week ago06 mins

in a Wall Street Journal In an op-ed last November about the Federal Reserve, Kevin Warsh said that artificial intelligence (AI) would be a “significant disinflationary force.” Many experts interpreted this to mean that Warsh was suggesting that the benefits of AI could pave the way for the Federal Reserve to lower interest rates further….

Goldman Sachs to lead SpaceX IPO as lead left underwriter

amefika2 weeks ago02 mins

SpaceX has tapped Goldman Sachs for the left lead position in its initial public offering prospectus, CNBC reported. Rounding out the leading banking group are Bank of America, Citigroup and JPMorgan Chase, and Bloomberg reports that Morgan Stanley also holds a leading position. A source told the Wall Street Journal that those three banks appear…

Gasoline prices are rising faster in five states that backed Trump, and consumer confidence hit a record low

amefika1 month ago05 mins

Gasoline prices are rising sharply again across the country, and the increase is especially hitting a group of Midwestern states that backed Donald Trump in the 2024 election. The increase is closely related to oil prices rising to wartime highs amid ongoing geopolitical tensions, particularly the conflict in Iran. The average cost of gas in…

Why OpenAI Smells Should Continue to Worry Oracle and CoreWeave Investors

amefika1 month ago04 mins

Financial challenges in OpenAI (OPAI.PVT) should remain dark clouds for investors in key AI ecosystem players, such as Oracle (ORCL) and CoreWeave (CRWV), even amid strong sell-offs in their stock prices. The challenges simply underscore the core problems of OpenAI’s business models and others like them. The OpenAI report: A Wall Street Journal article on…

Drillers see triple-digit oil and hit the brakes

amefika2 months ago05 mins

Brent crude is trading at more than $100 a barrel, WTI has surpassed $90, but oil drillers in the world’s largest producer are cautious about their future plans. In fact, they are quite unhappy with the war in the Middle East, because it has made investment planning difficult. At first glance, everything is perfect, price-wise….

Trump administration to receive billion fee for negotiating TikTok deal, WSJ reports

Trump administration to receive $10 billion fee for negotiating TikTok deal, WSJ reports

amefika3 months ago02 mins

March 13 (Reuters) – President Donald Trump’s administration will receive a fee of about $10 billion from investors in the recently closed deal “to take control of TikTok’s U.S. business,” the Wall Street Journal reported on Friday, citing people familiar with the matter. TikTok’s Chinese owner ByteDance in January finalized a deal to establish a…

Justice Department investigating whether Iran used Binance to evade sanctions: WSJ

amefika3 months ago03 mins

The US Department of Justice is reportedly investigating Iran’s use of Binance to evade sanctions, according to a report published Wednesday in the Wall Street Journal. Citing sources familiar with the matter, the WSJ reports that officials have contacted people with knowledge of transactions in which more than $1 billion allegedly flowed through the exchange…

Republican ‘architect’ Karl Rove said Trump will be on the losing side unless things “heat up” enough to justify his heavy deployment of National Guard troops.

truenewj8 months ago01 mins

Former White House Deputy Chief of Staff Karl Rove has weighed in on Donald Trump’s obsession with deploying the National Guard across the country, and he doesn’t have an optimistic outlook. Rove, whom George W. Bush nicknamed “The Architect,” appeared in the Journal Editorial Report on Saturday. The Wall Street Journal columnist and Fox contributor…

Debacle: Trump, 79, Leaks ‘Enemy’ Plot Meant to Be Private DM to AG

truenewj8 months ago01 mins

Trump is using the Justice Department to attack his perceived enemies with a growing series of accusations and investigations. MSNBC’s Ari Melber joins Sadie Gurman, Justice Department reporter for The Wall Street Journal, to discuss the Journal’s reporting on Trump’s control over prosecutions. (Subscribe now to Ari’s YouTube: http://youtube.com/arimelber) Source link