Jeff Dean, who resigned as chief scientist from Google last month, is raising again for his new AI startup, Discovery Loop, this time seeking a valuation of around $50 billion, according to people familiar with the matter. It was only a few weeks ago that Discovery Loop was raising $1 billion dollars at around a
Michael Burry has turned from water to wine. The star of “The Big Short,” who made waves for investing in water after calling the collapse of the mid-2000s US housing bubble, explained why he’s betting on fine wines in a Substack post on Thursday. Burry, who pivoted from running a hedge fund to writing about
SpaceX is cashing in on the surging demand for AI compute. CFO Bret Johnsen told a Goldman Sachs conference on Thursday that SpaceX had clinched another major data center deal worth over $1 billion a month. “Just earlier this month, we closed another hosting deal, and that translates into about $1.11 billion a month starting
Investors tend to dread rate hikes, but some Wall Street pros say not to fret too much if the Federal Reserve raises interest rates this year. Odds are high that the Fed will hike rates at least once in the remaining months of 2026. As of Thursday afternoon, markets were pricing in a 71.8% chance
The Japanese yen is surging, reviving an uncomfortable memory for investors: the carry-trade turmoil of the summer of 2024. Early on Wednesday, a dollar bought about 153 yen, about 4% fewer than at the start of the month and 2% fewer than at the start of the year as the Japanese currency strengthened. The currency
Following the Federal Reserve is the closest thing market-watchers have to an ongoing soap opera. The “will they / won’t they” push-and-pull around interest rates can turn on a dime, depending on the day’s news. The central bank’s next move is always under a microscope. But for the entirety of 2026 so far, the Fed