Senate Republicans Revolt Against Their Own Leaders

Semiconductor Stocks Tumble After Microsoft Balks At $3B Oracle Cloud Deal Chip stocks tumbled even further in late Tuesday trading following a report that Microsoft just walked away from talks with Oracle about leasing the company's cloud infrastructure because of concerns over security and compliance.  The deal, according to Business Insider, would have been worth over $3 billion - as large Silicon Valley tech companies are running short on computing power (more on that later).  The plan was to move some Microsoft workloads to Oracle Cloud Infrastructure, but Oracle's public cloud did not have the...

Tomorrow's Testimony: Kevin Warsh To Walk Tightrope On Rates, Inflation And Fed Independence President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, will appear before the Senate Banking Committee on Tuesday at 10AM ET in what is shaping up to be one of the most politically charged confirmation hearings in the central bank’s modern history. Warsh, a former Fed governor who has spent years criticizing the institution as directionless and in need of “regime change," now has the chance to outline his vision for remaking the world’s most powerful...

Democrat Haley Stevens Flips, Endorses El-Sayed's Republican Opponent Two Days Before Michigan Senate Vote After losing her party's Senate primary to Abdul El-Sayed in August, Rep. Haley Stevens has officially endorsed his Republican opponent Mike Rogers, attending Sunday church services with him in Detroit.  Mike Rogers and former Democratic Senate candidate Haley Stevens (photo via Fox2 Detroit) The two were seen separately entering Perfecting Church, a prominent Black church in the city - an extremely unusual move for a sitting Democrat in the closing days of a race her party is fighting...