President Donald Trump's pressure on media companies appears to be mounting.On Wednesday, the Walt Disney Company pulled "Jimmy Kimmel Live!" off the air "indefinitely" from its ABC network after the host made comments linking the alleged killer of conservative activist Charlie Kirk to Trump's MAGA movement.The move is drawing comparisons to CBS's cancellation of "The Late Show With Stephen Colbert" in July and raising questions about the protection of free speech in a Trump-era broadcast environment. "We h ...

RACINE, Wis. — Microsoft said Thursday that it will spend $4 billion to build a second data center in Wisconsin. The first one will come online in early 2026, with the software company spending $3.3 billion on it.The first Wisconsin data center will house hundreds of thousands of Nvidia chips that are capable of handling artificial intelligence models, Brad Smith, Microsoft's president and vice chair, wrote in a blog post.Cloud infrastructure providers are racing to build capacity to meet the needs of compa ...

My top 10 things to watch Thursday, Sept. 18 1. The S & P 500 was on track to open firmly higher this morning, on the heels of a volatile session yesterday after the Federal Reserve cut rates by a quarter point. Initial jobless claims dropped from last week. I'll be talking about this moment for markets at noon ET during the Investing Club's Monthly Meeting for September. Not too late to join the Club . 2. Intel saved by Nvidia : Shares of struggling Intel are rocketing higher by 28% on a pact with the AI c ...

Core Viewpoint - Hedge fund billionaire David Tepper expressed concerns that while the Federal Reserve may cut rates further, excessive cuts could lead to inflation and economic risks [1][2]. Group 1: Federal Reserve Actions - The Federal Reserve recently lowered interest rates by a quarter point, marking the first cut of the year, with indications of two more reductions to follow [2]. - Tepper warned that cutting rates without fully controlling inflation could lead to increased demand outpacing supply, potentially reigniting price pressures [2]. Group 2: Market Valuations and Investment Strategy - Tepper acknowledged that market valuations are high but indicated he would not short stocks while the Fed is in an easing phase, suggesting a cautious approach to investment [3]. - He noted the challenge of not owning stocks given the Fed's anticipated further cuts, despite concerns over high multiples [3].

Core Viewpoint - The Federal Reserve's decision to cut its key borrowing rate by a quarter percentage point is viewed positively by the White House, indicating a cautious approach to monetary policy [1][2]. Group 1: Federal Reserve's Rate Decision - National Economic Council Director Kevin Hassett mentioned that the administration and new Fed Governor Stephen Miran advocated for a larger reduction, specifically a half-point cut, but the Federal Open Market Committee voted 11 to 1 against it [2]. - Hassett expressed that a 25 basis point cut was a broad consensus and a good initial step towards lower rates, despite Miran's preference for a more aggressive approach [3]. - President Trump has previously criticized the Fed and suggested that the benchmark federal funds rate should be 3 percentage points lower than current levels, which is not aligned with the FOMC's future policy projections [4]. Group 2: Economic Context - Despite strong economic growth above 3% in the third quarter, which typically would not support lower interest rates, Trump argues that cuts are necessary to aid the struggling U.S. housing market and manage financing costs for the nation's $37 trillion debt [5]. - Hassett emphasized the importance of assessing economic variables and making incremental reductions, suggesting that the Fed's cautious approach is appropriate given the current economic conditions [6]. - The Fed's decision reflects a balance between various economic models and opinions, with Hassett describing it as a prudent call in light of decelerating inflation that remains above the target [7].

In this articleORCLwatch nowA version of this article appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Larry Ellison built the world's second-largest fortune by holding on to his Oracle shares over nearly five decades of ups and downs. At the same time, he's spent billions to fund his philanthropy, vast real estate holdings, sports investments and his son's fast-growing media ...

LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago.Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its takeover by U.S. rival DoorDash is completed.DoorDash announced its deal to buy the British online takeout platform in May. The acquisition values Deliveroo at £2.9 billion ($4 billion)."I have decided that now is the right time for me to step down," Shu said in a st ...

The exterior of an Olive Garden is seen on June 20, 2025 in Austin, Texas.Darden Restaurants on Thursday reported mixed quarterly results, as Olive Garden and LongHorn Steakhouse helped offset weakness in its fine-dining business.The company also raised its full-year forecast for revenue growth, although it only reiterated its projections for its earnings. Shares of the company fell 6% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of an ...

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025.This is breaking news. Please refresh for updates.Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC products with the troubled chipmaker which took on the U.S. government as an investor last month.Nvidia is investing its stake at a price of $23.28 a share, a release from the company said. Intel shares jumped 33% to ...

The Nvidia logo appears on a smartphone reflecting the flags of China and the U.S. Nurphoto | Nurphoto | Getty ImagesBeijing has reportedly halted purchases of yet another AI chip from Nvidia, freezing it out of the market completely — a move industry experts say reflects the country's growing confidence in domestic chip makers and an attempt at gaining trade leverage.It was only a few months ago when Jensen Huang announced, from China, that the U.S. would allow it to resume sales of its made-for-China H20 ...