Several overseas tech giants are ramping up their data center business: OpenAI plans to invest over $30 billion to build new data centers and has raised its cloud spending forecast to $750 billion. SpaceX is considering expanding its data center business in Texas. Microsoft is further investing in its European AI strategy and has signed a “multi-billion dollar” data center cooperation agreement with Mistral. Anthropic will begin purchasing up to 2 GW of AMD’s latest generation chips in the firs

U.S. Senator Sanders stated that last year, Amazon (AMZN.US) founder Jeff Bezos sailed a $500 million yacht to Venice, hosted a $55 million wedding, and gave his wife a $5 million ring, while his actual tax rate was less than 1%. Under my proposed 5% billionaire wealth tax, Mr. Bezos would owe $12.7 billion, but his fortune would still remain at $240 billion.

Spot gold has just surpassed the $4,370.00/oz mark, now quoted at $4,369.82/oz, down 0.14% on the day; COMEX gold futures main contract is now quoted at $4,425.70/oz, down 0.26% on the day.

Nikkei May Rise on Lingering Hopes for Fed Rate-Hike Pause -- Market Talk

Market Outlook: Bank of Japan's Rate Hike in September May Struggle to Curb Yen Weakness, Expectation of Consecutive Hikes Is Key