Peter Thiel backs $1bn ocean data centre start-up powered by waves
US tech billionaire leads $140mn investment into Panthalassa as search for AI power pushes into exotic new frontiers Source link
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Powell out
Jay Powell has overseen his last Fed meeting as chair even if he plans to stay on as governor Source link
The looks turning heads on the Met Gala carpet
The theme for 2026 Met Gala fundraiser is “Costume Art”, exploring fashion as an embodied art form. Source link
US strikes Iranian fast boats as Iran attacks UAE oil facility
Meanwhile shipping company Maersk said one of its US-flagged commercial vessels had successfully exited the Strait of Hormuz under US military protection. Source link
Alphaville’s tepid takes on GameStop vs eBay
We are highly confident that this could end up a car crash Source link
Rheinmetall’s first-quarter revenues fail to meet expectations
German company’s shares under pressure over profitability concerns and questions about the future of warfare Source link
Citigroup sets new rewards structure for banking and wealth referrals
Employees will be paid directly for generating business instead of sharing revenue between the group’s units Source link
Musk and SEC propose to settle Twitter lawsuit for just $1.5mn
Deal would come at a fraction of the amount regulators originally sought from the world’s richest man Source link
FirstFT: Narendra Modi’s BJP wins election landslide in opposition stronghold
Also in today’s newsletter: US and Iran exchange fire in the Gulf, and the EU blocks funds for key Chinese solar energy parts Source link
U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies
China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude. Source link