Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty ImagesArtificial intelligence semiconductor startup Groq announced Monday it has established its first data center in Europe as it steps up its international expansion.Groq, which is backed by investment arms of Samsung and Cisco, said the data center will be located in Helsinki, Finland and is in partnership with Equinix.Groq is looking to take advantage of rising demand for AI services in Europe following other U.S. firms which have also ramped up investment…
Author: usaeverydaylife
Tesla CEO Elon Musk and U.S. President Donald Trump at the Oval Office of the White House on May 30, 2025.Kevin Dietsch | Getty ImagesU.S. President Donald Trump lashed out against Elon Musk after he formed a new political party, calling the move “ridiculous,” and saying the tech billionaire had gone “completely off the rails.””I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump said in a post on Truth Social late Sunday stateside. “The one thing Third Parties are good for is the creation of complete…
Private credit has swiftly emerged as one of the hottest corners of global finance, and its rapid rise is prompting alarm bells. Once a niche player catering to middle-market borrowers — or companies that fall between small businesses and large corporations, which are typically underserved by traditional banks — private credit has grown into a $1.7 trillion industry . It is now a key financing engine behind private equity deals, asset-based finance, and even retail investor portfolios. Some caution that the boom, if left unchecked, could morph into the next source of systemic risk. Managers may find themselves lowering lending standards in a bid…
President of the United States Donald J. Trump delivers remarks to a crowd at an America250 rally in Des Moines, Iowa, United States, on July 3, 2025.Kyle Mazza | Anadolu | Getty ImagesU.S. President Donald Trump has threatened an additional 10% tariff on countries “aligning themselves with the anti-American policies of BRICS.”Trump’s announcement, which did not elaborate on any specific policy of BRICS, came as the group’s meeting is underway in Rio de Janeiro, Brazil.”Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Trump…
US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025. Francis Chung | Bloomberg | Getty Images When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.What does the world’s richest man do? He starts a political party.Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S.…
Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney, Australia.Prasit Photo | Moment | Getty ImagesAsia-Pacific markets traded mostly lower on Monday after U.S. President Donald Trump confirmed that tariffs, first announced in April, will take effect on August 1 for countries that haven’t struck a deal.Treasury Secretary Scott Bessent said Sunday that tariffs introduced in April will be enforced starting August 1 for countries that haven’t finalized an agreement with the Trump administration. While Bessent dismissed the notion that August 1 represents a fresh deadline, he acknowledged that the new…
The unemployment rate for recent graduates reached 5.8% in March 2025, according to the Federal Reserve Bank of New York. baona | E+ | Getty ImagesFormal degrees aren’t cutting it anymore for some industries. Instead, many companies are prioritizing skills and experience-based hiring, Sarah Skelton, co-founder and managing director of staffing and recruiting firm Flourish, told CNBC Make It.The class of 2025 is stepping into a challenging and competitive job market. The unemployment rate for recent graduates reached 5.8% in March, up from 4.6% a year earlier, according to data from the Federal Reserve Bank of New York.Meanwhile, the share…
European banks have had a bumper start to the year, outperforming almost all other sectors as investors reward a recent period of improved profitability — but analysts warn returns may not have as far to run in the second half. The Stoxx 600 Banks index has risen more than 28% in the first six months of this year, the strongest performance for the period since 1997, according to FactSet data. Gains have seen several banks hit decade-highs in recent weeks , including Deutsche Bank and the U.K.’s Barclays , after those lenders weathered recent market volatility to deliver strong investment…
Wall Street’s blistering three-month rally on cooling trade tensions will be put to the test this week. It’s an exceptionally light week of economic data and earnings releases, which means every little piece of information investors do get will be magnified. Against that sparse backdrop, President Donald Trump ‘s trade policy ahead of a long-awaited deadline will likely be the dominant market story of the week. The S & P 500 enters this pivotal period at record highs and up 26% from its tariff-driven closing low on April 8. 1. Tariffs: What is going to happen with tariffs before Wednesday,…
Traders work at the New York Stock Exchange on July 2, 2025. NYSEU.S. stock futures fell on Sunday after President Donald Trump confirmed that tariffs are set to go into effect Aug. 1, not July 9. Dow Jones Industrial Average futures slid by 110 points, or 0.3%. S&P 500 and Nasdaq 100 futures dipped 0.3% and 0.3%, respectively.In an interview with reporters Sunday, Trump and Commerce Secretary Howard Lutnick were asked to clarify when tariffs are set to go into effect. In response, Lutnick said, “Tariffs go into effect Aug. 1. But the president is setting the rates, and the…
