Business

IBM’s Stunning Q2 Warning: How AI Spending and Supply Shifts Exposed Vulnerabilities in Big Blue’s Core Businesses
IBM shares plunged more than 20% on Tuesday. The reaction came after the company issued preliminary second-quarter results that fell short of Wall Street forecasts. Revenue r...
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Why Tech’s Proven Winners Are Clocking In Again at AI’s Frontier
Tom Blomfield built two fintech unicorns. He spent years guiding the next batch of founders at Y Combinator. Now he reports for duty as a rank-and-file engineer at Anthropic....
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Development Banks Shatter Climate Finance Records as World Bank Retreats
Multilateral development banks delivered a stunning surge in climate support last year. They committed a record $162.5 billion. Nearly $103 billion of that flowed to developi...
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Bank Earnings Loom: Why Goldman and Morgan Stanley May Outperform Expectations
Big banks report this week. Markets watch closely. Yet the consensus may once again fall short.Analysts at Bank of America see broad upside for the sector in the secon...
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OSFI Warns Banks: Claude AI ‘Mythos’ Powers Advanced Phishing Attacks
Canadian financial institutions received a pointed warning from their primary regulator about the growing sophistication of cyber threats after investigators discovered that att...
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42% of Americans Brace for Total Economic Collapse by 2036
A new survey reveals deep unease across the U.S. Forty-two percent of Americans now expect a total economic collapse within the next decade. The figure comes from a YouGov po...
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California’s Billionaire Flight Meets Record Venture Capital Surge
California lost several of its wealthiest residents last year. High-profile names such as Google co-founders Larry Page and Sergey Brin, venture capitalist Peter Thiel, and o...
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Mark Cuban: Treat AI as Practical Tool, Not Magic Fix for Business
Mark Cuban has never been one to hold back his opinions, and his recent comments on artificial intelligence reflect the same directness that has defined his career in business a...
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Banks Pocket $12 Billion in Overdraft Fees as Congress Kills Cap
Banks pulled in roughly $12 billion from overdraft and nonsufficient funds charges in 2025. The total marks a return to pre-pandemic heights. But this rebound comes after a s...
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Amazon’s Layoff Wave Leaves Workers Burned Out and Jobless in a Crowded Market
Amazon has shed more than 57,000 corporate positions since 2022. That amounts to roughly 16 percent of its white-collar workforce. The cuts keep coming. Some 14,000 roles dis...
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Storm Clouds Over the Dollar: How Payments Wars and Debt Signal Cracks in U.S. Financial Power
Storm clouds are gathering. America's grip on global finance, long taken for granted, now faces real tests from rivals building their own systems and from self-inflicted woun...
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Elon Musk’s Sharp Jab at Sam Altman Revives Old Feuds as Apple Sues OpenAI
Elon Musk wasted little time. When Apple filed suit against OpenAI on July 10, accusing the startup of a coordinated campaign to swipe hardware designs, prototypes and suppli...
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Dollar’s Shifting Foundations: Deutsche Bank’s Take on Long-Term USD Path
Deutsche Bank analysts have laid out a stark view of forces remaking the U.S. dollar's place in global finance. Structural changes in capital flows, breakthroughs in technolo...
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Circle Wins OCC Nod for National Trust Bank, Signaling Crypto’s Push Into Regulated Finance
Circle Internet Group just cleared a major regulatory hurdle. The issuer of the USDC stablecoin secured final approval from the Office of the Comptroller of the Currency to e...
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Google Voice Brings Gemini AI Notes to Calls With New Standalone Plans at Lower Cost
Google has extended its Gemini-powered note-taking capability from video meetings straight into phone conversations. The move pairs the new feature with fresh subscription op...
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