Esteban Tesson

Kevin Warsh Takes the Helm at the Fed Amid Intensifying Economic Strains

Kevin Warsh was confirmed Wednesday by the Senate as chairman of the U.S. Federal Reserve, which approved his nomination by 54 votes to 45. The vote was the tightest in modern history for a Fed chair. At 56, Warsh will formally succeed Jerome Powell on Friday, who has held the post since 2018. Powell will nonetheless remain a member of the Board of Governors until 2028, in part to complete the investigation into the renovation work at the central bank's headquarters.

May 13, 2026 at 09:13 pm

Broadcom Challenges Brussels in Antitrust Probe Linked to VMware

Broadcom has initiated legal proceedings against European antitrust authorities to contest requests for documents containing legal opinions drafted by its U.S. counsel. This action follows the investigation launched after the group's 2023 acquisition of VMware. The American semiconductor manufacturer has filed a case with the European Union General Court in Luxembourg, asserting that it is acting "on principle" to defend attorney-client privilege.

May 13, 2026 at 07:53 pm

Apple Pushes Back Against European Plans to Open Google Services to Rival AI

Apple has joined Google's criticism of measures being considered by the European Commission to force the US giant to open more of its services to competitors specializing in artificial intelligence. The Cupertino group says the proposals could weaken users' privacy, security, and the integrity of their devices. The response comes as part of consultations launched by Brussels on implementation of the Digital Markets Act, legislation aimed at curbing the power of big technology platforms.

May 13, 2026 at 06:59 pm

Tower Semiconductor lifted by AI chip demand and photonics contracts

Tower Semiconductor has raised its Q2 revenue guidance and announced contracts totaling $1.3bn related to chips for artificial intelligence data centers. The announcement propelled the Israeli foundry's stock up over 12% on Wall Street. The group is benefiting from robust demand for its analog and mixed-signal processors, driven by massive investments in data infrastructure and AI.

May 13, 2026 at 05:44 pm

Tower Semiconductor Rises on AI Chip Demand and Photonics Contracts

Tower Semiconductor has raised its second-quarter revenue guidance and announced the signing of contracts totaling $1.3bn related to chips for artificial intelligence data centers. The announcement propelled shares of the Israeli foundry up by more than 12% on Wall Street. The group is benefiting from robust demand for its analog and mixed-signal processors, driven by massive investments in data infrastructure and AI.

May 13, 2026 at 05:06 pm

Nebius buoyed by surging demand for AI infrastructure

Nebius Group reported a sharp increase in quarterly revenue, which nearly octupled y-o-y, driven by robust demand for artificial intelligence infrastructure and cloud services. Shares in the Dutch-based "neocloud" specialist jumped approximately 16% during trading, following the announcement. Revenue for the quarter ended March reached $399m, up from $50.9m a year earlier, beating analyst expectations according to LSEG data.

May 13, 2026 at 04:46 pm

Nebius Surges on Explosive Demand for Artificial Intelligence Infrastructure

Nebius Group reported a sharp increase in quarterly revenue, which nearly octupled year over year driven by sustained demand for artificial intelligence infrastructure and cloud services. Shares of the Netherlands-based "neocloud" specialist jumped approximately 16% during the session following the announcement. Revenue for the quarter ending in March reached $399m, up from $50.9m a year earlier, surpassing analyst expectations according to LSEG data.

May 13, 2026 at 04:35 pm

The South Korean "Ants" bring the KOSPI to new Highs

South Korea's benchmark index continues its ascent, hitting new highs at the start of the week. This rally is fueled by the surge of Samsung Electronics and SK Hynix in the AI memory market, as well as the growing appetite of local retail investors, nicknamed the "ants."

May 13, 2026 at 04:11 pm

Sam Altman accuses Elon Musk of attempting to seize control of OpenAI

Appearing before an Oakland federal court, Sam Altman has dismissed Elon Musk's allegations that OpenAI betrayed its founding mission to serve the public interest. The OpenAI CEO instead contends that the billionaire himself sought to take control of the company for personal profit. This litigation, stemming from a lawsuit filed by Musk in August 2024, could have significant ramifications for OpenAI's future as the firm prepares for a potential IPO that could value it at up to $1 trillion.

May 13, 2026 at 06:35 am

Google explores orbital AI data centers with SpaceX

Google has confirmed that it is in discussions with SpaceX and several other space industry players regarding Project Suncatcher, an initiative aimed at developing data centers in orbit. Through this program, Alphabet is exploring the creation of a network of solar-powered satellites equipped with Tensor processors to build a cloud infrastructure dedicated to artificial intelligence directly in space. A first prototype is expected to be launched around 2027 in partnership with Planet Labs.

May 13, 2026 at 06:28 am

Tariff Refunds Begin in the US Following Supreme Court Invalidation

The initial wave of refunds related to tariffs struck down by the US Supreme Court has begun reaching affected companies. Several months after the ruling deemed certain taxes implemented by Donald Trump unconstitutional, corporations including Oshkosh Corporation and Basic Fun have confirmed receipt of their first payments. Oshkosh noted, however, that it is not yet in a position to precisely estimate the total amount to which the company may be entitled.

May 13, 2026 at 06:21 am

Sam Altman Accuses Elon Musk of Attempting to Seize Control of OpenAI

Sam Altman has rejected Elon Musk's allegations in an Oakland federal court, dismissing claims that OpenAI betrayed its original mission to serve the public interest. The OpenAI CEO countered that the billionaire himself sought to take control of the company for personal profit. This legal battle, stemming from a lawsuit filed by Musk in August 2024, could have significant implications for the future of OpenAI as the firm prepares for a potential IPO that could value it at up to $1,000bn.

May 12, 2026 at 09:34 pm

Google is Studying Orbital Data Centers for Artificial Intelligence With SpaceX

Google confirmed it is in talks with SpaceX as well as several players in the space sector as part of its Suncatcher project, an initiative aimed at developing data centers in orbit. Through this program, Alphabet is exploring the creation of a network of solar-powered satellites equipped with Tensor processors to build cloud infrastructure dedicated to artificial intelligence directly in space. A first prototype is expected to launch around 2027 in partnership with Planet Labs.

May 12, 2026 at 08:48 pm

Tariff Refunds Begin in the United States Following Supreme Court Invalidation

The first wave of refunds related to tariffs invalidated by the U.S. Supreme Court has begun reaching affected companies. Months after the ruling that found certain taxes introduced by Donald Trump unconstitutional, corporations such as Oshkosh Corporation and Basic Fun have confirmed receipt of initial payments. Oshkosh noted, however, that it is not yet able to precisely estimate the total amount to which the company may be entitled.

May 12, 2026 at 07:46 pm

Senate Confirms Kevin Warsh, Bringing Donald Trump Closer to a Leadership Shift at the Fed

Kevin Warsh has taken a decisive step toward the chairmanship of the U.S. Federal Reserve following the Senate's approval of his nomination to the Fed's Board of Governors. The upper house confirmed his candidacy in a 51 to 45 vote that largely followed party lines. Democratic Senator John Fetterman was the sole member of his party to join Republicans in supporting President Donald Trump's pick.

May 12, 2026 at 06:45 pm

Qnity raises annual guidance on surging AI-driven demand

Qnity Electronics has hiked its full-year revenue and profit forecasts, bolstered by a surge in investment in artificial intelligence infrastructure and high-performance computing. The announcement was hailed by the markets, with the stock climbing over 3% in intraday trading. The group is benefiting from increased spending on data centers and equipment dedicated to AI applications.

May 12, 2026 at 05:16 pm

Zebra Technologies raises guidance on robust automation demand

Zebra Technologies has lifted its full-year revenue growth forecasts, bolstered by strong demand for its automation solutions across warehousing, logistics and retail sectors. The announcement was cheered by the markets, with the stock surging nearly 17% during trading. The group is benefiting from accelerating investment in supply chain automation and real-time tracking tools for industrial and commercial operations.

May 12, 2026 at 05:11 pm

Qnity raises annual targets on surging artificial intelligence demand

Qnity Electronics has lifted its annual revenue and profit forecasts, driven by a surge in investment for infrastructure related to artificial intelligence and high-performance computing. The announcement was well received by the markets, with the stock climbing more than 3% during the session. The group is benefiting from increased spending on data centers and equipment designed for AI applications.

May 12, 2026 at 04:10 pm

Zebra Technologies raises its targets on automation demand

Zebra Technologies has raised its full-year revenue growth outlook, supported by strong demand for its automation solutions for warehouses, logistics providers, and retailers. Markets welcomed the news, sending the shares up nearly 17% in the session. The group is benefiting from accelerating investment in supply-chain automation and real-time tracking tools for industrial and commercial operations.

May 12, 2026 at 04:03 pm

Ceasefire Between Washington and Tehran Faltered by Renewed Tensions

Donald Trump has stated that the ceasefire reached between the United States and Iran is now on "life support" after receiving an Iranian response he deems "totally unacceptable." Speaking from the Oval Office, the American president described the truce as "incredibly fragile," comparing its status to a patient with only a "1% chance of survival." He further claimed he had not finished reading the Iranian counter-proposal, which he dismissed as "garbage."

May 11, 2026 at 06:52 pm

OpenAI establishes new entity to accelerate enterprise AI adoption

OpenAI has announced the formation of OpenAI Deployment Company, a new entity designed to support corporations in deploying artificial intelligence systems. The structure will be majority-owned by OpenAI and backed by over $4bn in initial investment. The group also announced the acquisition of specialist firm Tomoro to immediately bolster its integration and advisory capabilities for large-scale organizations.

May 11, 2026 at 04:22 pm