IREN plans South Australian AI data centre
IREN (NASDAQ:IREN) unveiled plans to build its first domestic data centre campus in South Australia.
IREN (NASDAQ:IREN) unveiled plans to build its first domestic data centre campus in South Australia.
Nomura Head of Investment Banking for Asia ex-Japan Jwalant Nanavati shares his perspective on how landmark listings like SpaceX could shape the appetite for mergers and acquisitions across Asia and beyond. He speaks with Haslinda Amin from the sidelines of 'Nomura Investment Forum Asia' in Singapore.
Gary Gensler, former chair of both the CFTC and SEC, discusses the capital markets and the regulatory challenges they face. The discussion highlights the anticipated surge in IPO activity in 2026, with reported estimates of capital raised reaching up to $75 billion. He speaks with Romaine Bostick on "The Close."
Northern Star Resources (ASX:NST) has boosted its asset base, unveiling a major upgrade to its mineral resources and ore reserves.
President Donald Trump says in theory Iran is getting pretty close to signing on paper and the Hormuz Strait will open immediately upon signing during remarks with reporters at the White House.
Caroline Golin, chief growth and policy officer at NRG Energy, said that AI expansion has outpaced the infrastructure necessary to power it and that energy companies 'weren't prepared' for the opportunity in front of them as the US data center buildout ramps up even further. Despite the pressure on the grid, Golin says that the industry is working to make sure the infrastructure is in place to grow into the future.
Australia is among 45 nations facing new 12.5% US government tariffs following an investigation into global forced labour enforcement.
Eric Kutcher, McKinsey senior partner and North America chair, said that the technology sector is the where the US remains the most vulnerable to offshore supply chain disruptions as the world up its reliance on semiconductor chips, servers and PCs built in China. Kutcher said that while the US doesn't currently have the manufacturing ability for many of these items, new 'generations' of tech innovation provide opportunity to build out the infrastructure.
Stuart Paul, US and Canada economist for Bloomberg Economics, and Tom Keene, co-host of Bloomberg Surveillance, broke down the information out of the Fed's Beige Book Survey as the Fed reported inflation up across most districts, with costs rising due to conflict with Iran. On the other side, employment remained steady.
Ruchir Sharma, chairman of Rockefeller International and founder and chief investment officer of Breakout Capital, joins to provide insight into the current market dynamics. Sharma references his Financial Times op-ed, arguing that despite strong tech sector profits driven by AI advancements, the earnings narrative may be less robust than investors perceive, suggesting emerging vulnerabilities in the market. He speaks with Romaine Bostick on "The Close."
SpaceX is seeking to raise $75 billion in an IPO that would be the biggest of all time, as Elon Musk's rocket, space and artificial intelligence company targets a historic debut that could clear a path for more mega-listings. Ed Ludlow reports on "Bloomberg The Close."
Macy's CEO Tony Spring discusses the company's earnings, consumer spending trends and the outlook for retail sales with Romaine Bostick on "Bloomberg The Close."