“Blockbuster Week” Preview: Fed, ECB, BOJ On Deck, Earnings Avalanche, GDP, PCE Tomorrow marks exactly two months since the strikes on Iran began. As DB’s Jim Reid writes, while there is currently a rolling, open ended ceasefire that started on 8 April, the risk of it collapsing at any point remains real. Just as the […]
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Tillis Gives Warsh Green Light After DOJ Drops Powell Inquiry The last roadblock to Kevin Warsh’s nomination to lead the Federal Reserve is getting out of the way, as North Carolina Sen. Thom Tillis (R) said on Sunday that he’s ready to lend his support towards Warsh’s confirmation. Tillis had refused to advance Warsh or any
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Starmer Faces ‘Sleaze Inquiry’ Vote Over Epstein Pal Mandelson’s Appointment Trouble has been brewing for UK Prime Minister Kier Starmer over his appointment of Peter Mandelson as US ambassador – despite Mandelson’s well-known past associations with the late convicted sex offender Jeffrey Epstein. Mandelson, a senior New Labour figure and former EU Trade Commissioner, has long faced
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Microsoft Slides After Amending OpenAI Partnership, Will No Longer Pay Revenue Share Microsoft and OpenAI announced an amended agreement to “simplify” their partnership structure and to change Microsoft’s license to be non-exclusive and it no longer paying a revenue share to OpenAI. As a result of the amendment, Microsoft remains OpenAI’s primary cloud partner, and
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Musk, Altman Court Battle Commences Over The Future Of OpenAI Authored by Beige Luciano-Adams via The Epoch Times, A contentious battle years in the making between Tesla owner Elon Musk and OpenAI CEO Sam Altman begins this week before a federal court in Oakland, California, where nine jurors will be asked to decide whether Altman
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“This Is Not Normal”: China’s DeepSeek Cuts New AI Model Fees, Again DeepSeek senior researcher Victor Chen announced on X that the company’s newly released DeepSeek-V4-Pro model will be offered at a huge discount over the next week, a move that threatens to unleash an AI platform price war just as Anthropic, OpenAI, and Google
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Futures Flat At All Time Highs Ahead Of Huge Week, Semis Set For 19th Day Of Gains Risk sentiment improved overnight on another Axios report that Iran has given the US a new proposal to reopen the Strait of Hormuz with more detailed nuclear talks expected later. Oil pares early gains, and US equity futures jumped
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Israel Bombs Deep Into Lebanon For First Time Of 3-Week Ceasefire There’s supposed to be a 3-week Lebanon ceasefire in effect, but that increasingly appears something merely on paper or in name only, as Israel has stepped up and expanded its attacks on Lebanon – now for the first time of the ceasefire including strikes
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China Abruptly Blocks Meta’s $2 Billion Takeover Deal Of Manus AI With just weeks to go before the Trump-Xi meeting in Beijing, China’s National Development and Reform Commission unexpectedly blocked Meta Platforms’ acquisition of the AI-agent startup Manus on Monday morning, signaling that Beijing has no problem with tightening control over high-value AI assets ahead
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Battered Budget Airlines Ask White House For $2.5 Billion Lifeline Budget airlines have requested a $2.5 billion relief package from the Trump administration following a meeting with Transportation Secretary Sean Duffy early last week. This comes as elevated jet fuel prices squeeze operations, and after President Trump confirmed late last week that a possible U.S.
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