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SpaceX's xAI Expands AI Compute Clientele Following Anthropic Deal
SpaceX's xAI subsidiary sold its entire Colossus I data center capacity to Anthropic and plans to expand by developing orbital data centers. This move positions xAI for rapid growth and a major IPO.
Xi Jinping and Donald Trump Meet in Beijing to Push Diplomacy on Trade, Iran, and Taiwan
Xi Jinping and Donald Trump met in Beijing to discuss trade, Iran, and Taiwan, aiming to reduce tensions. This diplomatic effort could shape future relations and global stability amid ongoing conflicts.
Kevin Warsh assumes Fed Chair role amid inflation fears and political pressures
Kevin Warsh was inaugurated as the new Federal Reserve Chair amidst concerns over inflation and divided opinions about monetary policy. His background and pro-crypto views suggest potential shifts in interest rate strategies and financial regulation.
Morgan Stanley and Citi Expand Bitcoin and Crypto Services in Major Wall Street Move
Morgan Stanley and Citi are significantly expanding their Bitcoin and crypto services, including custody, trading, and tokenization. These moves mark a major step towards mainstream institutional adoption of digital assets.
Q1 2026 Sees 7.3% Stock Drop and $11.1 Billion Shift to Art Market
U.S. stocks, gold, and Bitcoin plunged in Q1 2026, with declines up to 23%. Meanwhile, a record $11.1 billion flowed into the global art market, highlighting shifting investment preferences amid market turbulence.
Morgan Stanley Signals Market Bottom Near in Key Sector Rebound; UBS Lowers 2026 S&P 500 Target
Morgan Stanley's strategists foresee the market's bottom nearing as sectors like financials and industrials gain strength. Conversely, UBS reduces its 2026 S&P 500 target amid oil price concerns, signaling cautious optimism.
JPMorgan Predicts No Federal Rate Cuts in 2023 Amid Slowing Growth
JPMorgan's chief strategist indicates the Federal Reserve is unlikely to lower interest rates this year due to economic slowdown and increasing risks. This stance signals continued tight monetary policy, affecting markets and future growth prospects.
Bank of America Adjusts Apple and Micron Price Targets After Earnings and Market Shifts
Bank of America lowered Apple's price target citing product delays and margin shifts but raised Micron's target after robust earnings and AI-driven demand. These adjustments signal market caution for Apple and confidence in Micron's AI-fueled growth ahead.
Morgan Stanley Files for MSBT, Its First Spot Bitcoin ETF with $1M Seed Capital
Morgan Stanley has filed to launch MSBT, its spot Bitcoin ETF on NYSE Arca, backed by a $1 million seed capital. This move signifies a major U.S. bank's entry into cryptocurrency ETFs, potentially boosting institutional Bitcoin demand significantly.
Morgan Stanley Sets MSBT as Ticker for New Bitcoin ETF on NYSE Arca
Morgan Stanley filed to launch a spot Bitcoin ETF that will trade as MSBT on NYSE Arca, with Fidelity and Coinbase securing assets. This move signals Morgan Stanley's deeper push into the cryptocurrency market as approval and investor interest build.
Morgan Stanley's Mike Wilson: Half of U.S. Stocks Are in Bear Market Amid Correction
Morgan Stanley's Mike Wilson finds half of the U.S. stock market has fallen into a bear market, signaling a deep correction. He suggests the downturn may be stabilizing soon, but warns geopolitical tensions could affect the market's trajectory.
Tech and finance giants Oracle, Block, Morgan Stanley, and Capital One face major layoffs
Oracle, Block, Morgan Stanley, and Capital One announced substantial layoffs this week amid industry turbulence. Morgan Stanley, in particular, is trimming 2,500 jobs despite posting record annual revenues, signaling complex corporate adjustments.
Core Scientific Secures Up to $1 Billion Credit from Morgan Stanley for Data Centers
Core Scientific has secured up to $1 billion in credit from Morgan Stanley to support its data centers. This financing aims to strengthen the company's infrastructure in a volatile crypto market.
Morgan Stanley Files for Crypto Custody Bank Charter to Enter Digital Asset Market
Morgan Stanley is seeking a federal trust charter to custody cryptocurrencies, marking its official entry into the crypto custody sector. This development indicates traditional banks are increasingly integrating digital assets into their services.
Second Place CEOs Win Big: Multi-Million Bonuses in Top Executive Races
Executives who don't secure the CEO position often receive multimillion-dollar bonuses instead, as revealed by Fortune. The articles explore the substantial financial incentives provided to runner-up candidates in CEO succession races and the strategic reasons behind these lucrative deals. This practice underscores the competitive and costly nature of top-level corporate leadership transitions.