Financial Editor at The Wall Street Journal (former media & entertainment editor) [email protected]
New York, NY
Joined May 2008
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Amol Sharma retweeted
SCOOP: Several blockbuster chip deals are underway as tech companies look to finance their expensive compute plans.
(Not all of them are for Nvidia GPUs.)
- Broadcom is discussing a ~$50b financing for OpenAI’s custom AI chips, known as Jalepeno and Serrano
- Oracle is in talks w/ Apollo and GS to about a large a chip financing
wsj.com/tech/oracle-broadcom… for @WSJ
Amol Sharma retweeted
"The initial rollout of the program encouraged children to be invested broadly in American companies. The latest shift ties kids’ wealth building directly to the fate of particular companies, depending on who donates."
"Under the rules that took effect last week, charities controlled by wealthy people—with Treasury Department approval—can put individual stocks into the accounts of thousands or millions of children. They can target groups of at least 5,000, sorted by age, geography or both."
via @RichardRubinDC @ashleaebeling
wsj.com/politics/policy/trum…
Amol Sharma retweeted
Kimberly Guilfoyle was preparing for her congressional hearing to become U.S. ambassador to Greece when she reached out to a Trump donor with an urgent request: She needed $100,000 that she said she owed American Express—in a way that wouldn’t leave a paper trail.
“It won’t show up anywhere if you wire money to American Express,” she wrote on Signal, according to messages reviewed by The Wall Street Journal. “Please.”
Read story w/ dream team: @rebeccaballhaus @drewhinshaw @JoeWSJ wsj.com/politics/policy/guil…
Amol Sharma retweeted
Property buyers are demanding sellers renegotiate terms because of higher mortgage rates, signaling broader market distress. on.wsj.com/4yxLX97
Exclusive: The board of Goldman Sachs has discussed a plan for David Solomon to step down as CEO and be replaced with COO John Waldron as soon as next year, according to people familiar with the matter. @AAndriotis & @EmilyGlazer wsj.com/finance/banking/gold… via @WSJ
$500 used to get you a premium credit card—now it gets you something just below that. Ever-higher annual fees for ultra-luxe cards have led to the rise of an upper-middle-class option. Near-premium cards for the not-quite-rich-enough. wsj.com/personal-finance/cre…
It was a wild day in the bond market, as fuel for sellers kept coming — triggering the biggest spike in yields in over a year. wsj.com/finance/investing/a-…
Amol Sharma retweeted
SCOOP with @ByKLong @ceostroff:
- The CFTC is examining unusual Kalshi trades with near-identical sizes that now total over $5B
- Prop-trading firms Jump Trading (a Kalshi shareholder) and Wintermute were two of the parties involved in the transactions
We analyzed months of Kalshi data. The trades, all clustered near $5,500, began in late August (see chart).
Amol Sharma retweeted
Our WSJ investigation on today’s A1:
A tense voicemail to a senator. A storm over presidential ethics. A high-stakes turf war with Wall Street. Inside the collapse of crypto's big Washington bill and the finger-pointing in the aftermath. By: @dgtokar @KevinTDugan & @Vlajournaliste wsj.com/finance/currencies/c…
Amol Sharma retweeted
NEW: A story full of scoops big and small from @ceostroff and @byneilmehta.
> Polymarket removed one of its anti-money-laundering programs during a fraud attack, alarming some staff; CEO Shayne Coplan downplayed risks
> Persistent engineering glitches have cost some customers thousands
> Internal audio & text messages reveal Coplan’s management style
> Some current & former employees & investors are concerned Poly has prioritized growth at all costs
> Company is trying to course-correct; eyeing an IPO by the end of 2027
> Talks with Drake fell through; rapper name-dropped Poly in a song anyways; a market on the album saw suspicious trading
And more. Gift link below.
wsj.com/business/polymarkets…
Amol Sharma retweeted
Lebron James’s team told a prediction-market competitor that Polymarket offered him $20 million a year, plus $50 million in equity.
Drake was in talks with Polymarket about a deal worth tens of millions of dollars. He name-dropped both Polymarket and its CEO in his album "Iceman."
Amol Sharma retweeted
The collapse of the Clarity Act marked a spectacular choke by an industry that had just recently begun reveling in its new lobbying clout, with President Trump in its corner.
With @dgtokar and @Vlajournaliste
wsj.com/finance/currencies/c…
Exclusive: In their pitch to investors, the Iger-Kushner group buying the Los Angeles Lakers lay out plans to take the team's valuation to over $30 billion, based on aggressive growth projections, from media rights to ticketing. wsj.com/business/media/laker… @jtoonkel @markgmaurer
Amol Sharma retweeted
Warsh offered a narrow description of what Wednesday's rate increase was meant to do. "We removed a dose of accommodation so that financial and credit conditions would be more consistent with our ultimate objectives," he said.
That phrasing ordinarily would suggest officials view policy as still easy even after Wednesday's move. Warsh dismissed that interpretation when asked where rates now stand relative to an unobservable setting that economists think neither spurs nor slows growth. He said the academic concept didn’t translate well into the “decisions that we make today.”
AI companies thought they had years to figure out what to do if the bots got out of control. The wake-up call came this summer. wsj.com/tech/ai/openai-anthr… via @WSJ
Weil Gotshal’s highest-paid partner is decamping to Cravath. Michael Aiello’s defection reveals two starkly different views of the legal world’s race for scale. Juicy stuff from @erinmulvaney and @CaraRLombardo wsj.com/business/why-weil-go…
The Journal is looking for the next leader of our Markets team. You'll oversee high-impact coverage that intersects with the biggest storylines in business and finance. Apply here: dowjones.jobs/new-york-ny/ma…
Hunter Biden (and His Laptop) Enter the Cryptosphere With New Meme Coin wsj.com/finance/currencies/h…
Amol Sharma retweeted
SCOOP: Anthropic signed a $35B cloud deal to rent GPUs from Lambda—at a Texas data center Nvidia leased from Hut 8.
🤯 hard to keep that one straight
More details on the arrangement in my latest for @WSJ: wsj.com/tech/ai/anthropic-si…
