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America’s biggest power grid has pitched a plan to ensure data centers fully pay for electricity they need to counter the threat of energy shortages driven by the boom in AI
Biggest US Grid to Launch Emergency Power Auction for AI BoomThe biggest US power grid is warning that data centers may face involuntary outages under a plan to avert widespread blackouts and protect residential ratepayers from electricity price spikes.bloom.bgCitadel expects the Fed to raise interest rates this week — a surprise move strengthening Chairman Kevin Warsh’s credibility in the battle with inflation
Citadel Securities Sees Warsh Delivering Surprise Fed Rate HikeCitadel Securities expects the Federal Reserve to raise interest rates this week — a surprise move strengthening Chairman Kevin Warsh’s credibility in the battle with inflation.bloom.bgFederal agents seized the mobile phone and computer of LA Dodgers owner Mark Walter last September in a wide-ranging probe into the financial dealings of the billionaire’s businesses, according to people with knowledge of the matter.
LA Dodgers Owner Mark Walter’s Phone Was Seized Last Year by FBIFederal agents seized the mobile phone and computer of Los Angeles Dodgers owner Mark Walter last September in a wide-ranging probe into the financial dealings of the billionaire’s businesses, according to people with knowledge of the matter.bloom.bgCracker Barrel Old Country Store named David Deno the company’s new chief executive officer, replacing Julie Masino, who recently fought to help the brand recover from political backlash over its 2025 rebranding
Cracker Barrel Replaces CEO Who Faced Backlash for Logo RedesignCracker Barrel Old Country Store Inc. hired industry veteran David Deno to replace chief executive officer Julie Masino, whose attempted rebranding of the restaurant chain last year sparked backlash.bloom.bgJohnson & Johnson said it agreed to a $5.5 billion commitment to resolve litigation related to claims that its talc products caused ovarian cancer
J&J to Pay $5.5 Billion to Resolve Talc-Related Cancer ClaimsJohnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.bloom.bgMore adult children are moving back home as housing costs, inflation and student debt take a toll. Here's how parents can protect their finances and retirement savings
How to Protect Your Money When Your Adult Child Moves Back HomeMultigenerational living in the US is rising. Household and retirement savings are taking the hit.bloom.bgNavigating Donald Trump’s tariff chaos since 2018, America’s tin can industry offers a cautionary tale as the US president tries to rebuild his protectionist regime.
What the American Tin Can Reveals About Trump’s Volatile Tariff PolicyThe industry’s struggle is a cautionary tale as the US president tries to rebuild his protectionist regime.bloom.bgThe co-founder of private equity firm Cerberus climbed to the No. 2 job in the Pentagon, bringing a Wall Street taste for risk to the agency's $1 trillion budget.
Private Equity Targets America’s War Machine and Its $1 Trillion BudgetDeputy Defense Secretary Stephen Feinberg wants America’s war machine to get cozier with companies. The private equity firm he co-founded is building a constellation of next-generation businesses to answer the call.bloom.bgMoonshot AI has made its Kimi K3 model available for public download. Here's how that could change the industry
What Is Moonshot AI’s Kimi K3 Model and Why Is It Making Waves?Chinese startup Moonshot AI’s new artificial-intelligence model has drawn global attention since its release for its powerful capabilities. Now, Moonshot has made the technology available for public download, a step expected to expand the company’s influence at a time when there is growing US concern about China’s rapid strides in AI development.bloom.bgSK Hynix's American depositary receipts slumped to a new low after a record-setting $26.5 billion debut earlier this month as investors dump once-high flying semiconductor stocks
SK Hynix Slumps Below US IPO Price as Mega-Listings Turn SourSK Hynix Inc.’s American depositary receipts slumped to a new low after a record-setting $26.5 billion debut earlier this month as investors dump once-high flying semiconductor stocks.bloom.bgAir traffic control staffing shortages disrupted flights at the three major airports serving the New York metropolitan area on Monday
New York-Area Flights Delayed by Staffing Shortages, WeatherAir traffic control staffing shortages disrupted flights at the three major airports serving the New York metropolitan area on Monday, according to advisories from the US Federal Aviation Administration.bloom.bgNvidia has committed to invest $5 billion in Ilya Sutskever’s artificial intelligence startup Safe Superintelligence
Nvidia to Invest $5 Billion in Ilya Sutskever’s AI Research LabNvidia Corp. has committed to invest $5 billion in Ilya Sutskever’s artificial intelligence startup Safe Superintelligence Inc., according to people familiar with the matter, marking one of the chipmaker’s largest funding deals of the AI boom.bloom.bgThe cost of protecting Nvidia’s debt against default surged by the most on record after reports that the chipmaker is in conversations on more than $750 billion of infrastructure deals, stoking fears it is taking on even more obligations.
Nvidia Credit Risk Jumps in Swaps Market on AI Deal Talk ReportsThe cost of protecting Nvidia Corp.’s debt against default surged by the most on record Monday, after reports of the chipmaker being in conversations on more than $750 billion of artificial intelligence infrastructure deals stoked fears about the company’s obligations.bloom.bgElon Musk's many business successes have given him an aura of genius. But his vision of a future shaped by an effective oligarchy of AI leaders should worry us all (via Bloomberg Opinion)
A Troubling Glimpse into an AI MusktopiaElon Musk’s adoption of the title “Technoking” at Tesla Inc. looks less like a joke, in retrospect, and more like a manifesto. His recent interview with The Economist ranged widely, from the future of artificial intelligence to his infamous stint heading the Department of Government Efficiency to a coming civil war in the UK. The common thread, one that unites Musk’s sprawling business empire and political interests, is an unshakeable belief in his predictive skills: “My batting average is verybloom.bgPimco's Dan Ivascyn wanted in on the deal backing a sprawling $16 billion Oracle data center campus in Michigan — as long as it was done his way
Pimco Embraces AI Boom on Its Own TermsDan Ivascyn wanted in on the deal backing a sprawling $16 billion Oracle Corp. data center campus in Michigan — as long as it was done his way.bloom.bgTrump said the US and Iran were engaged in diplomatic talks to end the Middle East conflict, but warned the two sides would return to fighting if negotiations didn’t yield a deal
Trump Says There’s a ‘Good Chance’ of an Iran Deal Amid PausePresident Donald Trump said the US and Iran were engaged in diplomatic talks to end the Middle East conflict, but warned the two sides would return to fighting if negotiations didn’t yield a deal.bloom.bg
