Pinterest will invest $4 billion in AWS infrastructure to enhance AI-driven search and recommendations for its 600 million users. Pinterest Inc (PINS) has agreed to a $4 billion investment in Amazon Web Services (AWS) through 2031, marking its largest infrastructure commit
Nvidia (NASDAQ: NVDA) has been a rock-solid investment option over the past few years, thanks to the tech sector's soaring capital expenditures for data center infrastructure. Hyperscalers have set year after year of records with their spending, and 2027 could be another o
One in Three Twentysomethings Has Two Jobs and 58% Have a Side Hustle. That’s Not a Trend, It’s a Retirement Warning Sign Quick Read - One in three twentysomethings holds two or more jobs, yet the national savings rate has collapsed from 6.2% to 3.7% since 2024. - 28% of t
In brief - Bernstein initiated coverage on TeraWulf (WULF) and Cipher Digital (CIFR) with "Outperform" ratings. - Bitcoin miners have signed 17 deals worth over $110 billion in the past two years, contracting 6 GW of power to AI hyperscalers. - Bernstein projects AI revenue...</p
Wall Street analysts are betting that Bitcoin miners are quietly becoming indispensable to the artificial intelligence industry as “power landlords,” according to a research note published Wednesday by Bernstein, the investment firm owned by Société Générale. The report, w
Mortgage rates fell after hitting a nine-month high last week, but sellers are said to be pulling off their home listings at the fastest pace since 2020. 30-year fixed-rate mortgages averaged 6.48% as of June 4, down from 6.53% last week and 6.85% in
Quantinuum debuts Thursday after pricing 28 million shares at $60, marking one of the largest quantum computing IPOs to date. Quantinuum, a quantum computing firm backed by Honeywell International, raised $1.68 billion in its initial public offering. The company priced 28
Amazon-backed X-Energy reports a deeper first-quarter loss than a year ago, dragging shares to an all-time low post-IPO. X-Energy (XE) shares fell to a record low after reporting a wider first-quarter loss than the same period last year. The nuclear startup, which debuted
A Michigan couple secures a Fannie Mae loan using Bitcoin as collateral, marking a milestone for crypto-backed real estate financing. Coinbase and mortgage lender Better have closed the first Fannie Mae-backed home loan using Bitcoin as collateral. The transaction allows b
Bank of England Governor Bailey highlights market stress and debt leverage concerns as UK yields rise sharply amid inflation and wage pressures. The UK 10-year government bond yield climbed 97 basis points from 4.23% on February 26 to 5.20% on May 18, reflecting heightened
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