U.S. Economy
Nvidia backs AI company Vast Data at $30 billion valuation
Vast Data announced a $1 billion funding round at a $30 billion valuation on Wednesday, with Nvidia among those backing the AI company. Founded in 2016, Vast makes software infrastructure for managing large amounts of data, with a focus on AI applications. The company says it supports projects powering millions of GPUs. Customers include CoreWeave, […]
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Treasury yields unmoved as investors digest U.S.-Iran ceasefire extension
Security personnel stand guard at a security checkpost along a road temporarily closed near the Serena Hotel at the Red Zone area in Islamabad on April 20, 2026, ahead of anticipated US-Iran peace talks. Aamir Qureshi | Afp | Getty Images U.S. Treasury yields were broadly flat on Wednesday after President Donald Trump announced an […]
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Citi spells out 3 scenarios for the Strait of Hormuz — and where oil prices would go in each
Oil prices could soar to $130 a barrel by the end of June if flows through the Strait of Hormuz remain disrupted, as Citi analysts outlined a number of possible scenarios facing oil markets. An oil market recovery hinges upon the full reopening of the strait, according to Citi analysts, ahead of Tuesday’s deadline for […]
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Kevin Warsh arrives on Capitol Hill for Fed confirmation hearing: Live updates
Who is Kevin Warsh? Kevin Warsh, a former member of the Federal Reserve Board of Governors, arrives at the Sun Valley Resort for the Allen and Company Sun Valley Media and Technology Conference in Sun Valley, Idaho, U.S., July 8, 2025. Brendan McDermid | Reuters Warsh, 56, is an Ivy League-educated lawyer who’s worked in […]
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Treasury yields are little changed as markets await Iran peace talks and Warsh hearing
Treasury yields were largely unmoved early Tuesday as investors await clarity over an expected second round of peace talks due to take place between the U.S. and Iran. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was flat at 4.254%. The 2-year Treasury note yield, which […]
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‘New cards on the battlefield’: U.S., Iran ratchet up rhetoric with peace talks in limbo
The front page of the Javan newspaper (L) and the front page of the Jam Jam newspaper, which features a cartoon of US President Donald Trump drowning in the Strait of Hormuz with the headline “Marine Bluff,” are on sale at a newsstand in Tehran on April 13, 2026. Atta Kenare | Afp | Getty […]
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Investors are misreading news about the Iran war, analysts say as markets whipsaw
An Iranian flag flutters as a woman walks past damaged buildings amid a 10-day ceasefire between Lebanon and Israel, in the southern suburbs of Beirut, Lebanon, April 20, 2026. Marko Djurica | Reuters “Complacent” investors risk getting wrong-footed as they continue to misread developments in the Iran war, analysts said after markets reacted to the […]
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USA Rare Earth to buy Brazil’s Serra Verde for $2.8 billion to build supply outside Asia
USA Rare Earth has announced plans to buy Brazilian rare earths miner Serra Verde in a deal worth $2.8 billion in cash and shares, as it seeks to challenge China’s dominance of the supply chain. The Oklahoma-headquartered company said it will pay $300 million in cash and $126.9 million in its own newly issued stock […]
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‘Resumption of hostilities’: seized ship, vessel attacks push U.S.-Iran ceasefire toward brink
A person points at a page on the Marinetraffic website that shows commercial boats traffic on the edge of the Strait of Hormuz near the Iranian coast, in Paris on March 4, 2026. Julien De Rosa | Afp | Getty Images Fifty days into the U.S.-Israel war with Iran, tensions escalated again after clashes in […]
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Nvidia AI chip rivals attract record funding as competition heats up
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Nvidia has cemented itself at the heart of the AI boom with a monopoly on the most powerful chips to train and run models, but a growing crop of startups are set on challenging the company’s supremacy. And […]
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