Page 3 - Bloomberg

Trump admin likely to back Kevin Warsh for next Federal Reserve chair

Trump has openly sought to shape Fed's rate policy through his appointments in an effort to find someone broadly acceptable to markets who'll also share his inclination to cut rates further and faster

US investigates claims Meta could access private WhatsApp messages

Meta has previously been accused of running afoul of rules meant to protect user privacy, including several data and privacy mishaps that ultimately led to a record $5 bn fine by the US FTC in 2019

US seeks to quell fears that Trump's 'Board of Peace' will replace UN

The Board of Peace is a core element of Trump's 20-point plan that helped broker a ceasefire between Israel and Hamas last year

Amazon in early talks to invest upto $50 billion in OpenAI, expand ties

If the negotiations come to fruition, Amazon would contribute as much as half of a fresh funding round that could total up to $100 billion

Adani hires prominent Wall Street lawyer as SEC case set to advance

The SEC's lawsuit alleges that Gautam and his nephew Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

US eases sanctions, issues license for oil firms to operate in Venezuela

The license covers variety of activities that could expedite the movement of Venezuelan oil, including exporting, selling, storing, refining that oil, as long as the work is performed by a US entity

Wall Street bonanza won't prevent NYC's looming financial crisis: Mamdani

Financial industry is key contributor to New York's tax base, accounting for about 7% of the city's tax revenue during the 2024 fiscal year, that's why it's profits are closely watched by officials

Trump admin plans to dial back ICE agents in Minnesota after protests

Tom Homan, Trump's 'border czar,' said that officials from Customs and Border Protection and ICE are working on a 'draw down plan' that hinges on cooperation from local, state and federal officials

Microsoft signs $750 million Azure cloud deal with AI firm Perplexity

For Microsoft, the Perplexity deal boosts its efforts to position Azure as the place to build AI applications and deploy models from a variety of vendors

Zuckerberg, Musk step up AI arms race with $155 billion spending blitz

Big Tech is unleashing a massive AI spending spree, with Meta and Tesla doubling down on capital expenditure even as chip shortages and bubble fears grow

Microsoft falls after Azure growth misses momentum amid AI splurge

Microsoft shares slumped after record AI-driven capital spending and a slowdown in Azure growth reignited investor concerns over returns on massive cloud investments

Air India to order 30 Boeing 737 Max jets as travel demand surges

Of those, 220 were from Boeing, including 190 Max jets largely deployed by Air India Express, the carrier's low-cost subsidiary for domestic and short-haul international routes

US, Denmark begin discussions over Greenland deal to assuage Trump

The negotiations follow Trump's announcement last week of a "framework of a future deal," in which he pledged to refrain from imposing tariffs on European nations

Tesla needs to build its own factory to manufacture semiconductors: Musk

Musk said that existing suppliers, naming TSMC, Samsung and Micron Technology Inc., are not able to supply Tesla at the levels the company needs

Tesla plans $20 billion spending spree to build Elon Musk's AI future

The capital expenditure plans laid out Wednesday - roughly twice as much as Wall Street was expecting - will support production expansion at multiple factories

Fed leaves rates unchanged, signals cautious outlook as US economy improves

The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%

EU's Antonio Costa meets Vietnam leaders to unveil strategic partnership

Vietnam has signed 17 trade pacts as it seeks double-digit expansion of its trade-reliant economy

Govt could order more indigenous reactors to boost nuclear capacity

The government is considering seeking bids to build as many as 10 pressurised heavy water reactors with a capacity of 700 megawatts each - a third such bulk order

US ready to use force to ensure Venezuela's cooperation, says Marco Rubio

The hearing marks Rubio's first appearance before Congress since the US raid on Caracas that led to Nicolás Maduro's capture on January 3

Starbucks removes limits for CEO's private jet use amid security concerns

The Starbucks board of directors took decision to enhance security measures for CEO Brian Niccol following a security review of risks