Fed Chair Pick Warsh Approved By Key Senate Committee Along Party Lines

Iran 'MOU' Deal Triggers Traders To Use 'Semis-Energy' Barbell As 'Source Of Funds' Via Remix News, Sweden has passed a new migration law that will allow residence permits to be refused or revoked if foreign nationals are deemed not to have lived in an orderly manner, marking another major tightening of the country’s immigration system. The Swedish Parliament adopted the government’s amendments to existing immigration laws on Monday by 302 votes to 44, with the Left Party and the Green Party voting against the measure. The changes will mainly come into force...

Chevron Lands 20-Year Deal To Power Microsoft's AI Expansion Microsoft has signed a 20-year agreement with Chevron to power a massive new AI-focused data center campus in West Texas, underscoring the growing race among tech companies to secure reliable energy supplies, according to Bloomberg. The project, known as Project Kilby, is expected to begin generating power in 2028 and eventually reach 2.67 gigawatts—enough electricity for more than 530,000 Texas homes. Chevron is developing the project with Engine No. 1 and expects to make a final investment decision later this year. Despite the...

A BrAIve New World For High Yield Authored by Luke Coha via BondVigilantes.com, As the world grapples with how AI will shape and change our lives going forward from the mundane, like automated homes or more clever apps, to more existential threats (opportunities?) leading to job and possibly sector obsolescence and related, broader social implications, it’s definitely well accepted that the demand for AI computing power is enormous and growing. Estimates vary, but they are all astronomical, ranging from $5 trillion to $7 trillion in capital investment needed to fund the global...