Microsoft's (NASDAQ:MSFT) deal with neocloud company Nebius (NASDAQ:NBIS) Group will provide computing power to internal teams creating large language models and a consumer AI assistant, Bloomberg News reported, citing people with knowledge of the matter. Under the deal, Microsoft will get ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell. It's a global simulcast.There's Carol Massar, Tim Stenovec in the radio booth. Welcome to our audiences across all of our Bloomberg platforms, including YouTube here on the final trading day of the month and the quarter. Right now, looking at an S&P 500 and a Dow and the Russell 2000 locking in a fifth straight month of gains.Yeah, pretty significant, right. ...

CoreWeave Inc. on September 30 signed an agreement to provide Meta Platforms Inc. with up to $14.2 billion in computing power, underscoring the significant expenses involved in creating and operating advanced AI models.Following the announcement, CoreWeave’s shares jumped over 15% on Wall Street.This new deal follows closely on the heels of CoreWeave’s third multi-billion dollar cloud expansion deal with OpenAI, announced just a week earlier, aimed at supporting the ChatGPT developer’s computational require ...

格隆汇9月30日｜云计算服务商CoreWeave盘前涨近8%。消息面上，CoreWeave公司已签署一项协议， 将向Meta平台公司提供价值高达142亿美元的计算能力，这凸显了开发和运行先进人工智能模型的巨大 成本。 ...

Group 1 - US household net worth increased by over $7 trillion in Q2, reaching a record $176.3 trillion, primarily due to a $5.5 trillion rise in stock market holdings and a $1.2 trillion increase in real estate values [1][6] - The S&P 500 index gained 10.6% during the same period, reflecting a recovery in stock prices after concerns over tariffs [6] - Wall Street's main indexes reached record highs, with expectations of interest rate cuts by the Federal Reserve contributing to market optimism [7][26] Group 2 - Inflation in the US rose to 2.9% in August from 2.7% in July, driven by higher beef and petrol prices, which adds pressure on the Federal Reserve [4][45] - Job growth in the US was weak, with only 22,000 jobs added in August and initial jobless claims rising to 263,000, the highest level since October 2021 [5][8] - The Federal Reserve is expected to cut interest rates three times this year, with market confidence in a third rate cut in December rising to 91.7% [2][11] Group 3 - The International Monetary Fund (IMF) noted strains in the US economy, citing moderating domestic demand and slowing job growth, while inflation is on track to meet the Fed's 2% target [16] - Analysts believe the Federal Reserve faces a challenging situation balancing the need to support the labor market while managing inflation risks from tariffs [31][46] - The ECB has maintained its interest rate at 2%, indicating a cautious approach amid economic uncertainties, particularly related to trade policies [49][50]