Microsoft has agreed to spend about $9.7 billion on artificial intelligence computing capacity from IREN Ltd., making the Sydney-based firm’s largest customer. The five-year deal gives Microsoft access to Nvidia systems in Texas built for AI workloads and includes a 20% prepayment, IREN said Monday. To fulfill the agreement, IREN...
Gold hovered near $4,000 an ounce after a shaky Monday open, recovering 0.2% following an early drop of up to 1%. The move came after Beijing ended a long-standing policy allowing some retailers to fully offset value-added tax on gold bought from the Shanghai Gold Exchange and Shanghai Futures Exchange,...
US equity-index futures edged higher Monday, hinting the seven-month global stock rally still has momentum as strong tech earnings and easing US China trade tensions buoy sentiment. S&P 500 and Nasdaq 100 contracts rose 0.2% after Friday’s gains, with optimism offsetting worries about a tech-heavy advance. Across Asia, shares added...
American shoppers face a pricier holiday season as LendingTree estimates President Donald Trump’s “liberation day” tariffs will add $40.6 billion to seasonal costs. Consumers would shoulder $28.6 billion—about $132 per shopper—while retailers absorb roughly $12 billion. Prices on select foods and consumer goods have already climbed, and more tariff-hit items...
China will ease its export ban on automotive computer chips under a US China trade deal outlined by White House after Xi Jinping and Donald Trump met in South Korea. Beijing will ensure Nexperia’s China facilities resume shipments of legacy chips and pause export controls on rare earth minerals for...
Cannabis shares are stirring after years of drift, buoyed by hopes for federal rules on hemp products and hints that President Donald Trump could soften policy on marijuana. Verano posted $203 million in revenue and a $44 million loss, while Curaleaf and Trulieve report next week. Tilray’s stock has already...
Newly unsealed court records reveal JPMorgan Chase filed a September 26, 2019 suspicious activity report flagging more than $1 billion in Jeffrey Epstein transactions from 2003 to 2019, including links to Alfa Bank and Sberbank. The documents, unsealed by Judge Jed Rakoff amid litigation with the US Virgin Islands, include...
The US plans to announce that Dutch chipmaker Nexperia BV, which has facilities in China, will resume shipping chips, according to a person familiar with the matter. The step follows a trade pact reached by Donald Trump and Xi Jinping at their summit this week. The Trump administration is preparing...
Californians face steep premium hikes on the Covered California exchange as open enrollment begins Saturday, with federally subsidized plans set to jump 97% on average in 2026 if enhanced tax credits lapse amid the federal shutdown. Executive Director Jessica Altman warns as many as 400,000 enrollees could drop coverage, despite...
On his first visit to South Korea in 15 years, Nvidia CEO Jensen Huang unveiled an expanded partnership at APEC Summit 2025 to strengthen the nation’s AI infrastructure and physical AI. South Korea will secure over 260,000 Nvidia GPUs, with about 50,000 for public AI projects and the rest for...
