OpenAI acquires Jony Ive’s AI startup io in landmark $6.5B deal: should Apple be concerned?
OpenAI will acquire io, the secretive artificial intelligence hardware startup co-founded by former Apple design chief Jony Ive, in a…
‘Not in a sweet spot’: JPMorgan’s Dimon sounds alarm on US stagflation, backs Fed’s rate hold
JPMorgan Chase & Co. CEO Jamie Dimon has voiced significant concerns about the US economy, stating he cannot dismiss the…
Weak US outlook revives investor interest in emerging markets
Emerging market stocks are once again at the center of investor interest, driven by growing disillusionment with US assets and…
Trump tax bill passes House by razor-thin margin, heads to Senate for major overhaul
President Donald Trump’s flagship tax legislation scraped through the House of Representatives on Thursday in a narrow 215-214 vote, setting…
Global yields are surging: what is the bond market really telling us?
Global markets are more connected than most people believe. And right now, markets are re-pricing sovereign risk. The rise in…
US solar stocks sink as Trump tax bill threatens green energy lifelines
Shares of major US solar companies tumbled sharply on Thursday after the House of Representatives passed President Donald Trump’s tax…
Canada’s TD Bank to cut 2% of workforce amid strategic overhaul
Toronto-Dominion Bank (TD), Canada’s second-largest lender and a major player in the US banking sector, announced on Thursday it will…
Argentina’s Milei looks to hidden dollar holdings to fuel economic rebound
Argentine President Javier Milei is expected to sign a decree on Thursday that could free up billions of cash hoarded…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
UK inflation climbs to higher-than-expected 3.5% in April
The UK’s annual inflation rate rose to 3.5% in April, coming in above economists’ expectations and halting a recent trend…