Trump’s Fed pressure campaign will lead to higher inflation, weaker growth, according to CNBC survey

U.S. President Donald Trump passes a document to Federal Reserve Chair Jerome Powell to fact-check the numbers during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters President Donald Trump’s actions relative to the Federal Reserve amount to an effort…

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OpenAI and Amazon ink $38B cloud computing deal  

OpenAI has not finished securing the AI ​​infrastructure needed to rapidly scale agentive workloads. ChatGPT-maker said on Monday that it has reached Deal with Amazon Purchasing $38 billion in cloud computing services over the next seven years. OpenAI said it will begin using AWS compute immediately, with the goal of deploying all capacity before the…

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