Johanna Chua of Citigroup Global Markets says the recent US activity data "has been fairly resilient". She tells Bloomberg Television that having "three dissenters against the easing bias" at the Federal Reserve is not "a huge surprise" but marks an interesting shift. (Source: Bloomberg)
Johanna Chua of Citigroup Global Markets says the recent US activity data "has been fairly resilient". She tells Bloomberg Television that having "three dissenters against the easing bias" at the Federal Reserve is not "a huge surprise" but marks an interesting shift. (Source: Bloomberg)
Rafmaster/iStock via Getty Images OpenAI ( OPENAI ) has reached a major milestone in securing AI capacity in the U.S. years earlier than expected, strengthening its ambitious data center expansion plans. The ChatGPT creator has signed contracts for 10 gigawatts of artificial intelligence computing capacity, it said in a blog post on Wednesday. The company had originally aimed to reach that goal by...
Rafmaster/iStock via Getty Images OpenAI ( OPENAI ) has reached a major milestone in securing AI capacity in the U.S. years earlier than expected, strengthening its ambitious data center expansion plans. The ChatGPT creator has signed contracts for 10 gigawatts of artificial intelligence computing capacity, it said in a blog post on Wednesday. The company had originally aimed to reach that goal by 2029. "When we announced Stargate in January 2025, we committed to securing 10 GW of AI infrastructure in the United States by 2029. Just over a year later, we have already surpassed that milestone, with more than 3 GW added in the last 90 days alone, as demand for AI continues to accelerate," the company said. Meanwhile, OpenAI's ( OPENAI ) ChatGPT’s uninstall rate jumped 257% year-over-year in the first quarter of 2026, the most among the top artificial intelligence apps, market intelligence firm Sensor Tower said . Conversely, Anthropic's ( ANTHRO ) Claude’s 90% year-over-year increase in app uninstalls in April is the lowest among the studied group. More on OpenAI Wall Street Lunch: UAE Blindsides Oil Market With OPEC Exit Plan Wall Street Lunch: OpenAI Loosens Exclusivity In Revised Microsoft Pact Nadella's Flip-Flop Elon Musk tells court he was a “fool” to fund OpenAI OpenAI announces date for upcoming DevDay
The European Central Bank is set to keep interest rates unchanged on Thursday as it continues to calibrate its response to the Iran war’s economic fallout. Despite soaring energy costs pushing euro-zone inflation well above target, the ECB will leave its deposit rate at 2% – where it’s been since June 2025 – according to a unanimous survey of economists . Rather than the immediate jolts to oil and...
The European Central Bank is set to keep interest rates unchanged on Thursday as it continues to calibrate its response to the Iran war’s economic fallout. Despite soaring energy costs pushing euro-zone inflation well above target, the ECB will leave its deposit rate at 2% – where it’s been since June 2025 – according to a unanimous survey of economists . Rather than the immediate jolts to oil and natural gas prices, policymakers are focused on the medium-term consequences, which remain less clear. President Christine Lagarde said last week that the “ double uncertainty ” around the duration of the shock and the breadth of pass-through argues for more data — signaling the ECB is in no rush to act. That’s also the case at the world’s other major central banks. The Federal Reserve held borrowing costs on Wednesday and the Bank of England is likely to follow today. At the ECB, such patience won’t last, according to economists and traders who both predict a quarter-point hike at June’s meeting, and markets now fully pricing two additional ones after that before the year is out. Lagarde is sure to face questions on the path for monetary policy at a 2:45 p.m. press conference — half an hour after the rate announcement. Follow the ECB TLIV blog here “The challenge for the ECB and most other central banks is that they may have to choose between inflation and recession,” said Spyros Andreopoulos at Thin Ice Macroeconomics. “How much leeway they have to ‘look through’ the energy shock will depend on the anchoring of inflation expectations.” Interest Rates Most policymakers say that even after two months of fighting it’s too soon to draw any firm conclusions for rates, though some — including Bundesbank President Joachim Nagel — have insisted no outcome should be excluded in April. Indeed, uncertainty about whether a fragile ceasefire can become a lasting peace — and about the damage to inflation and growth already inflicted on the 21-nation region — is keeping the idea of a r...
Spain’s health minister has a plan to fix the country’s healthcare system: stop private companies from running public hospitals. “I won’t tell anyone how to spend their own money,” Health Minister Mónica García said in an interview with Bloomberg News. “But public funds must be invested in healthcare — not in the profit margins of private companies,” she said in reference to an upcoming bill that ...
Spain’s health minister has a plan to fix the country’s healthcare system: stop private companies from running public hospitals. “I won’t tell anyone how to spend their own money,” Health Minister Mónica García said in an interview with Bloomberg News. “But public funds must be invested in healthcare — not in the profit margins of private companies,” she said in reference to an upcoming bill that seeks to ban private operators from managing public hospitals. At the heart of the politically loaded government initiative is a growing trend of private investors running public hospitals in a country where the public health system has traditionally been a matter of national pride. About a third of Spain’s public hospitals are run by private companies, following a 37% increase over the past 15 years, according to Health Ministry data. Although support for public healthcare is strong, satisfaction levels have fallen by about 20 percentage points since the pandemic, according to the national statistics agency. “Some hospitals are well run and others are not, regardless of whether a private company is in charge,” said García, a 52-year old doctor who has spent most of her career working in public healthcare and is a member of the coalition government’s far-left junior partner Sumar. Public hospitals shouldn’t need to worry about delivering financial returns to shareholders, as is the case with for-profit operators, she said. In Spain, health policy is primarily the responsibility of regional governments, most of which are currently controlled by the conservative opposition People’s Party. The central administration has limited powers, a division García’s bill seeks to sidestep. The draft legislation would also require greater transparency from private operators that continue to partner with public authorities. Scrutiny over the involvement of private corporations in public healthcare intensified in December after newspaper El País published audio recordings from a meeting inv...
Earnings Call Insights: Ategrity Specialty Insurance Company Holdings (ASIC) Q1 2026 Management view “Ategrity delivered another quarter of record earnings, generating outstanding margins while gaining market share,” said CEO Justin Cohen, highlighting “a combined ratio of 87.4%” and “gross written premiums by 23.1%…with both metrics better than guidance.” Cohen said the company is leaning into ta...
Earnings Call Insights: Ategrity Specialty Insurance Company Holdings (ASIC) Q1 2026 Management view “Ategrity delivered another quarter of record earnings, generating outstanding margins while gaining market share,” said CEO Justin Cohen, highlighting “a combined ratio of 87.4%” and “gross written premiums by 23.1%…with both metrics better than guidance.” Cohen said the company is leaning into targeted geographic plays while maintaining underwriting discipline: “we extended that momentum by launching several new strategic initiatives, including new regional strategies in Texas, Florida and New England while maintaining strict technical rigor in risk selection and pricing.” CFO Neelam Patel tied the quarter’s profitability to growth, underwriting, and investments: “We delivered another strong quarter with adjusted net income of $25.6 million…driven by top line growth, improving margins and continued strength in our investment income.” President and Chief Underwriting Officer Chris Schenk framed the strategy as both renewal-focused and new-business selective: “our highest retention since going public,” an “all-time high” in quote production, and a deliberate shift away from pressured segments: “As the competition intensified in larger accounts, we leaned into small and middle market risk in our core verticals.” Outlook Cohen said Q2 2026 guidance “remains consistent with last quarter,” including “direct written premium growth of approximately 20 percentage points above the E&S market” and “a combined ratio in the 87s.” On mix within the growth outlook, Cohen added the company is “not breaking out the growth by property and casualty,” while noting “there is an opportunity in the second quarter for property to accelerate a little bit compared to the first quarter.” Financial results Patel reported “adjusted net income…$0.51 per diluted share,” alongside “underwriting income…$13.3 million,” and said the “combined ratio…87.4%…due to reductions in both our loss and expens...
Common security interests in the region have led to Japan’s unprecedented sharing of its Mogami-class warships with India, according to analysts. The move dovetails with New Delhi’s drive to localise industrial and defence production. Enhanced naval capabilities will also allow India to become a “security provider” in the Indian Ocean. Japan offered India its Mogami design plans and the option to ...
Common security interests in the region have led to Japan’s unprecedented sharing of its Mogami-class warships with India, according to analysts. The move dovetails with New Delhi’s drive to localise industrial and defence production. Enhanced naval capabilities will also allow India to become a “security provider” in the Indian Ocean. Japan offered India its Mogami design plans and the option to build the frigates in Indian shipyards using Japanese materials, according to recent reports from...