Town and municipality on the Portuguese Riviera, near Lisbon
Micron has reported blockbuster fiscal third‑quarter results — $41.46bn revenue and $28.24bn net income — sending its share price above $1tn market value and reigniting buying in memory stocks. The surge is reflecting soaring AI data‑centre demand, long‑term supply deals and rising memory prices that are forcing hardware makers, including Apple, to warn they will raise product prices.
Kevin Warsh has become Fed chair and faces inflation that remains above target. Markets foresee mixed paths: rates could rise or stay steady as data guides policy. Warsh is aligning policy with data, aiming for credibility on 2% inflation while Congress weighs in.
The Moscow Times reports the central bank’s high real rates have kept investment depressed, with GDP growth forecast downgraded; Sberbank confirms record dividends driven by state ownership.