Nvidia and Snowflake Power Reka AI to Billion-Dollar Heights
July 22 – Reka AI, a startup spun out of former Google (NASDAQ:GOOGL) and Meta (NASDAQ:META) research labs,…
Citadel Securities Asks SEC to Tread Cautiously on Tokenization
(Bloomberg) — Citadel Securities wants the US Securities and Exchange Commission to proceed more slowly on allowing “tokenized”…
ECB Won’t Flinch Yet in the Shadow of Trump’s Trade War
(Bloomberg) — The European Central Bank is likely to stare down the economic danger posed by US President…
After Stock Market’s Torrid Run, Earnings Misses Face Punishment
(Bloomberg) — The second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate…
China slams grass-roots mismanagement, shames ‘longevity city’ debacle as a warning
It was a sprawling cultural and tourism project that completely went off the rails, and now Beijing is…
CEOs roll out new excuse for bankruptcies
(Bloomberg) — When At Home Group Inc.’s lawyer stood before a US bankruptcy judge last month asking to…
Oil Rises as Supply Disruption Concerns Offset Strong Dollar
(Bloomberg) — Oil rose as traders weighed supply disruptions in Iraq against a strong rebound in the dollar.…
Canada to Curb Steel Imports to Soften Blow From US Tariffs
(Bloomberg) — Canada will reduce the amount of foreign steel importers can bring into the country tariff-free, a…
Bessent Tells Markets Not to Worry About China Tariff Deadline
(Bloomberg) — Most Read from Bloomberg Treasury Secretary Scott Bessent suggested the deadline for a US-China tariff truce…
Apple CEO Tim Cook Should Be Replaced, Research Firm Says
Research firm LightShed partners says Apple should consider replacing Tim Cook as CEO, but the change is unlikely…
Market Resilience Challenged by Trump’s Weekend Tariff Salvo
(Bloomberg) — Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a…