A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025.Justin Sullivan | Getty ImagesMicron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.The stock rose in extended trading.Here’s how the company did in comparison with the LSEG consensus:Earnings per share: $3.03 adjusted vs. $2.86 expectedRevenue: $11.32 billion vs. $11.22 billion expectedMicron said revenue in the current period, its fiscal first quarter, will be about $12.5 billion, versus the $11.94 billion average analyst estimate per LSEG.The company said it had $3.2 billion, or $2.83 per…
Author: usaeverydaylife
Venezuelan Bolivar and U.S. Dollar banknotes and representations of cryptocurrency Tether are seen in this illustration taken Sept. 8, 2025. Dado Ruvic | ArrayTether, the issuer of the largest stablecoin, is planning to raise as much as $20 billion in a deal that could put the crypto company’s value on par with OpenAI, according to a report from Bloomberg News.The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, the report said, citing two individuals familiar with the matter. The transaction would involve new equity rather…
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy during the 80th United Nations General Assembly, in New York City, New York, U.S., Sept. 23, 2025. Alexander Drago | ReutersPresident Donald Trump said Tuesday afternoon that he thinks Ukraine, with help from the European Union, could win back its territory from Russia and return the country to its original borders.The president had suggested numerous times that giving up some land would be a key component of resolving Ukraine’s war with Russia.”After getting to know and fully understand the Ukraine/Russia Military and Economic situation and, after seeing the Economic trouble it is causing…
ABILENE, Texas — OpenAI and Oracle are betting big on America’s AI future, bringing online the flagship site of the $500 billion Stargate program, a sweeping infrastructure push to secure the compute needed to power the future of artificial intelligence.The debut site in Abilene, Texas, about 180 miles west of Dallas, is up and running, filled with Oracle Cloud infrastructure and racks of Nvidia chips.The data center, which is being leased by Oracle, is one of the most notable physical landmarks to emerge from an unprecedented boom in demand for infrastructure to power AI. Over $2 trillion in AI infrastructure…
Thomas Fuller | Lightrocket | Getty ImagesDisney on Tuesday unveiled price increases for its streaming subscription packages beginning Oct. 21.The stand-alone Disney+ ad-supported plan will see a $2 increase to $11.99 per month, while the premium no-ads plan will jump $3 to $18.99 per month or get a $30 annual hike to $189.99 per year.The Disney+ and Hulu ad-supported package will increase by $2 per month, and both of the bundles with Disney+, Hulu and ESPN will see a $3 monthly increase. The packages with Disney+, Hulu and HBO Max will also both increase by $3 per month.The NFL+ plans…
Jaque Silva | Nurphoto | Getty ImagesGoogle-owned YouTube on Tuesday said it will soon allow previously banned accounts to apply for reinstatement, rolling back a policy that had treated violations as permanent.The change applies to channels removed for posting Covid-19 or election-related misinformation, according to a letter from Alphabet lawyer Daniel Donovan to House Judiciary Chair Jim Jordan, R-Ohio. Previously those types of offenses carried lifetime bans.”Today, YouTube’s Community Guidelines allow for a wider range of content regarding Covid and elections integrity,” Donovan wrote.YouTube wrote on X that it will be a limited pilot project open to a subset of…
[The stream is slated to start at 12:35 p.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.]Federal Reserve Chair Jerome Powell speaks Tuesday to the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon.This is Powell’s first speech since the Federal Open Market Committee lowered the central bank’s key borrowing rate a quarter percentage point to a range of 4%-4.25%, the first cut of the year.In his post-meeting news conference, Powell characterized the reduction as “risk management” as officials become more concerned with weakness in…
Nvidia CEO Jensen Huang told CNBC this week that the chipmaker’s AI infrastructure plan with OpenAI is “monumental in size.” Their plan is so big that it will push the boundaries of what is possible. The chipmaker and the AI lab are aiming to build at least 10 gigawatts of data centers. This will sap a massive amount of power at a time when the electric grid is already strained . Attempts to deploy more power have faced economic and political constraints that make a fast fix unlikely. Ten gigawatts is roughly equivalent to the annual power consumption of 8…
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | ReutersFederal Reserve Chair Jerome Powell on Tuesday noted that asset prices, a category that typically includes stocks and other risk instruments, are at elevated levels.During a speech in Providence, Rhode Island, the central bank leader was asked how much emphasis he and his colleagues place on market prices and whether they have a higher tolerance for higher values.”We do look at overall financial conditions, and…
I think after yesterday’s blockbuster announcement of Nvidia’s $100 billion investment into OpenAI, our heads are still spinning a bit trying to make sense of it all. Is AI really going to change our lives as the thought leaders claim such as curing cancer, solving climate change, fixing the education system, mining asteroids and making available personal robots far more capable than us mere mortals? I have no idea. But being the optimist I am, I’m going to lean towards yes. After all, I have not met too many rich pessimistic investors. To select the best investment idea for this week’s column…
