The top headlines from global financial media overnight and this morning include the following.
US Treasury Secretary Bessent Temporarily Moves into Military Housing After Threats from Iran
US Treasury Secretary Bessent, who has been leading efforts to economically isolate Iran, was arranged to temporarily stay in military housing after being threatened by Tehran. A US government official, speaking about the matter, said Bessent will not be intimidated by these threats and remains committed to continuing to carry out his duties. Bessent launched "Operation Economic Isolation" at the end of August, calling it an "economic D-Day" against Tehran, and threatened sanctions on any companies in various countries that continue doing business with the Iranian regime. The Trump administration's move aims to further increase pressure on Iran in order to end the Middle East conflict.
AI Computing Company CoreWeave Shares Surge as Debt Concerns Ease
Artificial intelligence (AI) computing provider CoreWeave, Inc. (NASDAQ: CRWV) saw its shares surge after the company alleviated investor concerns about its heavy debt burden and signaled that revenue growth remains strong despite numerous headwinds facing the data center boom. CoreWeave expects full-year revenue of $13 billion to $13.3 billion, above the company's previous range and exceeding the average analyst estimate of $12.9 billion on Wall Street. Company executives also said they expect to soon obtain another investment-grade loan. CoreWeave shares surged as much as 24% intraday on Wednesday in New York to $60.52, the largest intraday gain since July.
Two Senior US Lawmakers Say Congress Is Prepared to Subpoena Nvidia's Jensen Huang
Two key Republican lawmakers in the US House of Representatives said on Wednesday that Congress is prepared to issue a subpoena to Nvidia CEO Jensen Huang, requiring him to provide an explanation regarding an extramarital affair with a woman. House Republican John Moolenaar said Huang must respond to a previous request by the end of Wednesday; several key Republicans in the House had previously asked him to attend a closed-door briefing on the scandal. One of the world's most valuable companies and its billionaire chief executive have become embroiled in the scandal. Moolenaar said in an interview on Wednesday that if Huang does not agree to attend the briefing and does not propose another date, a subpoena will likely be issued requiring him to appear.
Meta Infrastructure Head and Co-Head of Engineering to Depart in 2027
Meta Platforms Inc. (NASDAQ: META)'s long-serving executive responsible for infrastructure will depart in early 2027. As Meta continues to invest hundreds of billions of dollars in artificial intelligence and the data centers needed to support AI, this departure will constitute a major management change for the company. According to a memo, Meta's head of infrastructure and co-head of engineering, Santosh Janardhan, told employees on Wednesday that he will step down as head of the infrastructure division. He did not explain the reason for his departure in the memo.
Google Launches Gemini Decisions API with End-to-End Latency of 150-250 Milliseconds
Google launched the Gemini Decisions API, a new endpoint powered by its Gemini Decision1 model that helps AI agents make rapid pre-set decisions without generating lengthy text responses. The interface allows developers to evaluate up to 1,000 independent questions against shared multimodal inputs including text, images, audio, video, and PDFs. Gemini Decision1 does not generate responses token by token; instead, it scores preset options in a single forward pass, returning probabilities and confidence scores, with end-to-end latency of 150-250 milliseconds.
Nomura Now Expects Fed to Raise Rates Once Each in December This Year and March Next Year Due to Higher-Than-Expected Inflation
Nomura economists Aichi Amemiya, Jeremy Schwartz, and Ruchir Sharma wrote in a November 10 report that after US inflation data came in higher than expected, the bank now expects the Federal Reserve to raise rates again in March next year in addition to a December hike. They said: "We now expect one more rate hike each in December and March next year — previously our forecast held that the December hike would be the last. Multiple policymakers have hinted at a hawkish scenario, and we expect most officials will project further tightening in 2027 in the December dot plot."
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