Fed’s Tom Barkin, a former McKinsey CFO, says the ‘AI Apocalypse’ hasn’t arrived
Good morning. The Federal Reserve raised interest rates for the first time since mid-2023 last week as some…
Netflix stock hits a 52-week low after earnings—but analysts say investors are missing the picture
Good morning. Netflix’s stock fell again after the streaming giant reported second-quarter earnings on Thursday, extending a selloff…
Plan for Retiring Rich: Financial Strategies to Deploy at Every Age
This week, I’m alerting your attention to one of the most helpful financial tools I’ve come across in…
Ex-CEO, ex-CFO of bankrupt AI company charged with fraud
By Jonathan Stempel NEW YORK, April 17 (Reuters) – The former chief executive and chief financial officer of…
Oracle names Schneider Electric’s Maxson as CFO amid soaring AI spending
April 6 (Reuters) – Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping an executive with…
OpenAI Set to Raise $10 Billion From MGX, Coatue, Thrive
OpenAI is nearing a deal to raise about $10 billion from venture investors, according to people familiar with…
OpenAI Asks US to Expand Chips Act Tax Credit to AI Data Centers
OpenAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost…
OpenAI CFO Says Bubble-Wary Market Needs More AI ‘Exuberance’
OpenAI Chief Financial Officer Sarah Friar suggested the market is overly focused on anxiety about a possible bubble…
Modi Tax Cut Fuels $68 Billion Festival Shopping Boom in India
India’s sweeping consumption tax cut drove shoppers to splurge on items from cars to kitchenware during the month-long…
Microsoft Pushes Xbox Studios to Hit Higher Profit Margins
Microsoft Corp. is asking its Xbox gaming division to produce profit margins that are well above the industry…
IBM Falls on Lukewarm Growth for Red Hat Software Business
International Business Machines Corp. reported disappointing revenue in two key software categories, including its closely watched Red Hat…
China’s Wingtech Dives 10% After Dutch Take Control of Nexperia Chip Unit
The Dutch government seized control of Chinese-owned chipmaker Nexperia, using an emergency Cold-War era law to ensure Europe…