Why AI Is Vacuuming Up the World’s Wealth
(Bloomberg) — There’s more money flying around the world than ever, and a lot of it is headed…
American Express fined $350 million for inadequate anti-money laundering controls
Regulators fined American Express (AXP) with a $350 million penalty Thursday over widespread failures in its anti-money laundering…
Ray Dalio Says AI Bubble Is ‘Close’ to Bursting as Debt and Rising Rates Raise Red Flags
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Billionaire…
Elon Musk’s SpaceX just made a huge play to challenge the phone industry and stocks like AT&T, T-Mobile and Verizon are getting crushed
Elon Musk’s SpaceX (SPCX) just sent a big message to the wireless industry. We want our piece of…
Stock Market Today, Oct. 8: Tech Stocks Slide as Treasury Yields and Oil Prices Surge
The S&P 500 (SNPINDEX:^GSPC) slipped 0.46% to 7,766, and the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 1.25% to 27,193 as…
RXO (RXO) Is Getting Attention, But What Is The Market Missing?
C.H. Robinson Worldwide has agreed to acquire RXO (RXO) in a cash and stock transaction valued at about…
OpenAI’s annualized revenue $20 billion lower than prior investor estimates
OpenAI’s (OPAI.PVT) annualized revenue is reportedly $20 billion short of prior estimates. According to the Financial Times, the…
Oracle stock falls on more debt to fund AI chip buying, OpenAI revenue disclosure
Oracle (ORCL) stock fell on Thursday following a Wall Street Journal report detailing how the enterprise cloud provider…
Trump disclosed millions in new trades in SpaceX and Microsoft. Today, he gave medals to their CEOs.
President Trump made over 500 securities trades in August in newly disclosed transactions valued at tens of millions…
Anthropic reveals Haiku 5.5 model as AI pricing war intensifies
Anthropic (ANTH.PVT) took the wraps off its Claude Haiku 5.5 model on Wednesday, the latest in its Claude…
Jamie Dimon Says AI Will Eliminate Jobs, ‘It Is What It Is’ — But Warns Cutting $150,000 Truck Driving Jobs To $25K A Year Would Bring ‘Civil Unrest’
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. For…
Robert Rubin Warns AI Boom Carries Risks for US Economy, Markets
(Bloomberg) — Former Treasury Secretary Robert Rubin warned that the artificial-intelligence investment boom could bring major productivity gains…