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…
Author: usaeverydaylife
[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…
Check out the companies making headlines in midday trading: Baker Hughes , Halliburton — Oil services stocks including Halliburton and Baker Hughes traded higher as oil prices looked to break a four-day losing streak. Baker Hughes’ stock rose more than 4%, while Halliburton and Transocean each added 8%. Sempra — Shares of the energy company rose 4% after it said it sold a 45% stake in its infrastructure unit to KKR and the Canada Pension Plan Investment Board for $10 billion. Sempra also said it would spend $14 billion to expand its LNG facility in Port Arthur, Texas. Nexstar Media…
A rendering of Eli Lilly’s manufacturing facility in Houston, Texas.Courtesy: Eli LillyEli Lilly on Tuesday said it will spend $6.5 billion to build a manufacturing facility in Houston, Texas, to boost production of the company’s pipeline of so-called small molecule drugs, including its closely watched experimental obesity pill. It is the second in a string of new planned U.S. investments by the drugmaker. Eli Lilly announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020. Eli Lilly said it will announce the two remaining U.S.…
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 said Tuesday that weakness in the labor market is outweighing concerns about stubborn inflation, leading to a decision he backed to lower the central bank’s key interest rate last week.The Federal Open Market Committee’s first cut of the year came amid signs that both supply and demand of workers is waning at the same time that near-term impact from tariffs…
A look under the surface of the S & P 500 may signal the benchmark is due for a pullback. DataTrek Research co-founder Nicholas Colas noted that S & P 500 sector correlations are nearly 2 standard deviations below their long-term average at 0.64. This, Colas said, indicates “excessive animal spirts” are driving the market. In this case, investors appear to be chasing the tech sector and AI plays, while neglecting the rest of the market. Colas said that instances of such low correlation do not bode well for investors. “Correlations have been at similar levels 3 times since the…
Central banks around the world — including the Federal Reserve — could soon become big buyers of bitcoin, after historically shunning the cryptocurrency, according to the Deutsche Bank Research Institute. Monetary policy-setting institutions have traditionally skewed conservative with their reserves, holding mostly gold and Treasurys for stability and to preserve their currencies’ value. Yet, the creation of a U.S. strategic bitcoin reserve in March could serve as a key catalyst for a shift. The Wall Street firm expects the cryptocurrency will enjoy greater legitimacy alongside gold as a federal holding over the next five years. “While gold has long been…
