Economy & Finance

Scramble For AI Compute: Meta Inks Multibillion-Dollar Deal With Amazon For CPU Chips Meta Platforms inked a multibillion-dollar agreement with Amazon to deploy tens of millions of AWS Graviton processor cores in support of its next-generation AI buildout. The deal makes Meta one of the largest Graviton customers globally and shows CEO Mark Zuckerberg’s willingness […]

Getting More Anxious By Bas van Geffen, Senior Macro Strategist at Rabobank We have another potentially eventful weekend ahead of us. A three-week extension of the ceasefire between Israel and Lebanon may ease tensions between the US and Iran somewhat, as Trump wants to avoid that this conflict undermines peace talks with Iran. However, there

Kremlin Hails Putin Invite To G20 Summit In Miami, After Trump Said His Presence ‘Very Helpful’ The G20 Miami summit is set to take place at Trump National Doral Golf Course and will focus on “unleashing economic prosperity by eliminating burdensome regulations, unlocking affordable energy and pioneering new technologies,” according to President Trump’s words.  Amazingly

JetBlue Sued For Allegedly Using Customers’ Personal Data To Hike Air Fares Authored by Mary Prenon via The Epoch Times (emphasis ours), JetBlue Airlines has been sued in a class action lawsuit seeking damages for allegedly using consumers’ personal data to increase airfares. A JetBlue Airways Airbus A320-232 takes off from Tampa International Airport in

China Blacklists EU Defense, Aerospace Firms Over Taiwan Dealings China has newly placed a slew of EU defense and aerospace firms on a control list, or effectively a new blacklist, reportedly with an eye on Taiwan tensions. It has barred its exporters from supplying dual-use items to seven EU firms, including FN Herstal and Omnipol a.s.,

Lilly Slides After New Obesity Pill Prescription Data Disappoints Wall Street Shares of Eli Lilly & Co. fell in New York premarket trading after new industry prescription data for the drugmaker’s blockbuster obesity shot Zepbound and recently approved oral weight-loss pill Foundayo disappointed Wall Street analysts. Foundayo generated 3,707 prescriptions in its second week, according

Trump Extends Jones Act Waiver For 90 Days To Counter Fuel Price Pressures On Friday, President Donald Trump extended a temporary waiver of the century-old Jones Act (Merchant Marine Act of 1920) for an additional 90 days. The move allows foreign-flagged vessels to transport fuel, oil, fertilizer, and other essential goods between U.S. ports, aiming

S&P Futures Jump To Record, Oil Tumbles On Report Iran Foreign Minister Going To Pakistan US equity futures jumped to a new all time high, reversing modest overnight losses, and oil tumbled to session lows on reports that Iran is sending a delegation to Pakistan today for talks, boosting hopes of ceasefire extension or more.

House Panel Orders Southern Poverty Law Center To Turn Over Communications With Biden DOJ Authored by Kimberly Hayek via The Epoch Times (emphasis ours), House Judiciary Chairman Jim Jordan (R-Ohio) on April 23 gave the Southern Poverty Law Center (SPLC) until April 30 to hand over documents regarding its relationship with the Biden–Harris Department of

Flurry Of Reports Signal ‘Breakthrough’ In US, Iran Getting Back To The Table In Pakistan, As Third US Carrier Arrives After signaling all day yesterday that it has not decided to engage the United States in a second round of peace talks, Friday morning has seen a flurry of headlines out of Saudi and regional