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AI Selloff Exposes Data Center Boom Risks

1 week ago
The selloff in AI stocks is adding new uncertainty to the massive buildout of data centers across the US. Jolienne Halisky, CFO of AIB Data Centers, says financing for new projects could become more expensive and take longer as lenders reassess risk, while permitting, power and chip availability remain constraints. She joins Bloomberg Businessweek Daily to discuss her company's plans for its first Texas data center, concerns surrounding its anchor tenant Nebius, and why she believes the recent AI market rout will prove temporary. (Source: Bloomberg)

Susie Wiles exits White House as Trump ousts another woman from key role

1 week ago

Wiles thanks president for ‘honor of a lifetime’ as departure leaves behind overwhelmingly male leadership team

Donald Trump on Friday said Susie Wiles, the first woman to serve as White House chief of staff, will leave her post, a major shake-up of his inner circle that comes amid a steady exodus of senior female officials from his administration.

The president announced her ouster – and her replacement, by the immigration hardliner Stephen Miller – in a post on Truth Social, days after a sweeping blue wave gave Democrats control of both chambers of Congress in the midterm elections. Wiles’s departure leaves behind an overwhelmingly male leadership team.

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Nat-Gas Prices Rise on Cool US Temps and Record LNG Exports

1 week ago
December Nymex natural gas (NGZ26 ) closed up +0.051 (+1.73%) on Friday. Dec nat-gas prices climbed to a 1-week high on Friday and settled higher on prospects of colder US temperatures, which could boost heating demand for nat-gas. The Commodity Weather Group said Friday that forecasts shifted cooler across the...

Sugar Prices Retreat on Stronger India Sugar Output

1 week ago
March NY world sugar #11 (SBH27 ) is down -0.36 (-1.94%) today, and December London ICE white sugar #5 (SWZ26 ) is down -2.00 (-0.40%). Sugar prices extended their three-week-long slide today, with NY sugar falling to a 5-week low and London sugar dropping to a 3-month low. Signs of...

Stronger India Sugar Output Weighs on Prices

1 week ago
March NY world sugar #11 (SBH27 ) closed down -0.32 (-1.72%) on Friday, and December London ICE white sugar #5 (SWZ26 ) closed up +2.30 (+0.46%). Sugar prices extended their three-week-long slide on Friday, with NY sugar falling to a 5-week low and London sugar dropping to a 3-month low....