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23:04
Chairman of the Atlanta Federal Reserve Board: Will search nationwide for Bostic's successor
Golden Ten Data, March 11 – Gregory Haile, Chairman of the Board of the Federal Reserve Bank of Atlanta, stated that the search for a successor to former Atlanta Fed President Bostic will be conducted nationwide, not limited to the southeastern region where the bank is located. As long as candidates are willing and able to work with the people and businesses of the region, they will be considered. It is reported that relevant application materials are still being collected, and interviews are expected to begin in about 30 days. Previously, U.S. Treasury Secretary Bessent stated in early December that he would propose that future regional Fed presidents must have resided in their jurisdiction for at least three years, otherwise “we will veto their appointment.” Haile said that there are currently no restrictions on the Atlanta Fed’s recruitment process. However, although the Fed president is appointed by the board of directors of the regional Fed, the appointment must be approved by the members of the Federal Reserve Board.
22:55
Anthropic PBC told U.S. Judge Rita F. Lin during a hearing that if President Trump bans the company from government contracting, it could lose at least several billions of dollars in revenue this year.
Hope that the (judicial system) will take action as soon as possible to stop the Pentagon from labeling companies as "supply chain risks."
22:45
PDG, backed by Warburg Pincus, plans to raise $5 billion in debt to expand its data centers
The financing will be used for facility construction in India, Indonesia, Malaysia, and Japan. A consortium of banks will jointly undertake part of the loan. Supported by Warburg Pincus, PDG adopts a "future revenue-based collateral" model, which means borrowing against already signed customer contracts. The company has signed solid contracts with hyperscalers for periods of 10-12 years. Currently, the company operates artificial intelligence (AI) data centers in seven markets across Asia, with a total portfolio capacity exceeding 1.8 GW.
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