Powell warns Fed is undergoing ‘stress test’
Former chair says Trump’s attempts to fire central bankers undermine the rule of law
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Former chair says Trump’s attempts to fire central bankers undermine the rule of law
The Japanese tech giant plans to develop and operate 5 GW of AI data center capacity in France, with an initial 3.1 GW of facilities in the country's north.
Jerome Powell said White House pressure on the Fed will damage public trust in the U.S. central bank.
The AI revolution will be 50 times bigger than the dot-com revolution in the 2000s, SoftBank CEO Masayoshi Son told CNBC Monday.
The goal, the firm said, is to develop and operate up to 5 gigawatts of additional data center capacity.

A Republican candidate jockeying to represent Florida’s 22nd Congressional District liquidated Bitcoin to help fuel his political bid.
Established crypto firms will merge with traditional finance, but neither Wall Street bankers nor corporate giants will take over the crypto industry, said Bina
CertiK CEO and co-founder Ronghui Gu says April was the worst month for DeFi in four years with exploits on 27 out of 30 days.
The seizure, falling under "Operation Economic Fury," aims to restrict Iran's access to overseas revenue, banking networks, and crypto infrastructure.

The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president's desk.
Masayoshi Son places France at the centre of his global AI ambitions
The Japanese tech giant plans to develop and operate 5 GW of AI data center capacity in France, with an initial 3.1 GW of facilities in the country's north.
India's economy remains resilient to the external shocks, but the oil price surge amid the global supply disruption poses near-term downside risks to economic g
Federal Reserve Bank of Kansas City President Jeffrey Schmid has warned that the current global energy shock cannot simply be dismissed as transitory, given alr

Celsius founder and former CEO Alex Mashinsky hopes to have his prison sentence vacated, claiming a legal conflict tied to Sam Bankman-Fried.
JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms c
Elon Musk and his bankers are working to create a self-fulfilling prophecy for the massive public offering: Make investors feel that the risks of passing it up
Later this month, the Kevin Warsh-led central bank will start preparing a possible pivot to tighter policy.
Something is likely to break -- the question is: Will it be the Fed's credibility, the U.S. economy, or Wall Street?
FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expecte