Web Stories Wednesday, April 22
Prospective Fed Chair Pressed on Potential Conflicts of Interest

The nominee to lead the US Federal Reserve, Kevin Warsh, on Tuesday faced criticism and backlash from Democrats questioning his financial disclosures and potential conflicts of interest.Heading into today’s Senate Banking Committee confirmation hearing, it was clear that the independence of the Fed remains a key issue for many lawmakers concerned about US President Donald Trump’s influence over any Senate-confirmed candidate. With Jerome Powell’s term as the US Federal Reserve Chair set to expire next month,…

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Core Scientific Plans .3B Debt Raise to Expand AI Data Centers

Core Scientific is seeking to raise $3.3 billion in debt to support its expanding data center operations across the United States, as crypto miners increasingly pivot toward high-performance computing and artificial intelligence workloads amid tighter conditions in the mining sector.The financing will come through senior secured notes due in 2031,…