Author: admin

Sam Altman, CEO of OpenAI Inc., speaks at BlackRock’s 2026 Infrastructure Summit in Washington, DC, USA on Wednesday, March 11, 2026. Daniel Heuer | Bloomberg | Getty ImagesSpeaking at BlackRock’s U.S. Infrastructure Summit earlier this month, OpenAI CEO Sam Altman acknowledged that his company faces a harsh reality in data centers.”At this scale, it’s like so many things can go wrong,” Altman said during a fireside chat at a conference in Washington, D.C. Altman cited the example of severe weather that temporarily “disrupted things” at the data center campus in Abilene, Texas. This facility will serve as OpenAI’s flagship site;…

Hong Kong — U.S. President Donald Trump’s request to postpone a high-stakes summit with Chinese leader Xi Jinping could work in China’s favor, allowing both countries to avoid complications related to the U.S. war with Iran, China’s most important strategic partner in the Middle East, according to Chinese sources familiar with the matter. And experts say a weakening of President Trump’s involvement in a conflict that already threatens oil supplies and global economic growth could increase China’s involvement even as it negotiates. The Chinese government has not officially confirmed the highly anticipated visit, nor has it yet given an official…

Every weekday, Jim Cramer’s CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. Stocks are ending the week on another tough note, with the S&P 500 index headed for its fourth straight week of declines. Friday’s market decline widened the S&P 500’s decline to about 6% from its January 27 closing high. For the year, the index has fallen more than 4%. Oil remained a key topic, with WTI crude and Brent crude both up about 1%. But trends in bond yields may be a bigger focus on…

Shortly after Amazon CEO Andy Jassy announced AWS’s groundbreaking $50 billion investment deal with OpenAI, Amazon invited me on a private tour of the chip development lab at the heart of the deal, at (mostly*) its own expense.  Industry experts are watching Amazon’s Trainium chip, created at that facility, for its implications for lower-cost AI inference and, potentially, a dent in Nvidia’s near monopoly.   Curious, I agreed to go.   My tour guides for the day were the lab’s director, Kristopher King (pictured below right) and director of engineering Mark Carroll (below left), as well as the team’s PR person who…

Since 1959, when Fidel Castro took power, Cubans on the island have endured in a system defined by scarcity, surveillance and state control. The system is currently under a level of strain probably not seen since the collapse of the Soviet Union in the 1990s and the island lost its main economic lifeline. Havana’s current invitation to Cuban exiles to invest on the island has been rejected outright by many in the United States, viewing it as a last-ditch move by the government under growing pressure. Earlier this week, Cuba’s Deputy Prime Minister and Foreign Trade and Investment Minister Óscar…

Nuveen said now is a good time to consider buying municipal housing bonds because of concerns around housing affordability. Bonds, the proceeds of which are exempt from federal taxes, are used to fund affordable housing development projects. Additionally, investors do not have to pay state taxes if they live in the same state where the bond was issued. Dan Close, Nuveen’s chief investment officer and head of municipal fixed income, said the need for affordable housing has led to increased issuance, meaning investors can earn some additional yield. “Affordability has become a defining issue across the United States, shaping political…

Israeli police attacked a group of journalists outside Jerusalem’s Old City on Tuesday night, including a CNN producer who suffered a broken wrist in the violence. Police also damaged photography equipment and seized memory cards from journalists outside the Lions Gate in the Old City who were covering Ramadan prayers. On Tuesday, Muslim worshipers, who had been barred from praying at Al-Aqsa Mosque due to wartime regulations, gathered outside the Old City’s walls to perform Tarawih prayers during Ramadan. However, the police prevented them from praying and pushed them away. Worshipers moved to the streets in the nearby Wadi al-Joz…

Rising gas prices are driving more people to Costco for cheaper fuel. But the real benefit for retailers is the additional sales generated by the associated increase in in-store traffic. The national average for a gallon of regular unleaded gasoline was $3.91, according to AAA on Friday, as the Iran war enters its fourth week and U.S. crude oil prices soar to their highest levels not seen in four years. Gasoline prices have jumped about $1 a gallon over the past month, although it’s still well below the all-time high of $5.02 set in April 2022. Gasoline prices vary widely…

US President Donald Trump has threatened to “attack and destroy” Iranian power plants, saying: “Let’s start with the biggest ones!” The Strait of Hormuz must be opened within 48 hours. Introducing domestic facilities. There are about 110 gas plants in Iran, of which a small number are hybrid plants, according to data from OpenInfraMap, an open-source intelligence tool for energy infrastructure research compiled by volunteers. According to the site, the country also operates solar, hydro, wind, oil, diesel, coal, geothermal and nuclear power plants. The three largest plants by production run on gas. Damavand Combined Cycle Power Plant: Located approximately…

Value investors touted a variety of stock ideas in different parts of the market, even as geopolitical risks and rising energy prices weighed on sentiment. At the Value Invest Conference in New York on Thursday, Summit Street Capital Management’s Jennifer Wallace highlighted stocks that are gaining attention after the Strait of Hormuz shipping bottleneck has sent liquid fertilizer prices soaring. He touted CF Industries as a structurally advantageous “cash flow machine,” citing its exposure to world-priced fertilizer and low-cost U.S. natural gas inputs. “Fertilizer is priced on a global commodity basis,” Wallace said, adding that CF’s domestic cost advantage positions…