Dell and HPE Shares Drop After Morgan Stanley Downgrade as Memory Cost Pressures Mount
Computer hardware stocks fell sharply on Monday after Morgan Stanley issued a broad set of downgrades across the sector, citing rising memory costs and mounting margin risk. Dell was cut…
‘Buy Now, Pay Later’ Is Spreading Fast — and the Warning Signs Are Getting Harder to Ignore
When Nigel Morris says he’s worried about the health of the U.S. consumer, people listen. Morris co-founded Capital One, helped invent modern subprime lending, and now backs major buy-now-pay-later (BNPL)…
Scribe Hits $1.3 Billion Valuation With New Platform to Identify Where AI Can Deliver ROI
Scribe, a startup focused on documenting enterprise workflows, has raised $75 million in Series C funding, bringing its valuation to $1.3 billion. The funding round, led by StepStone with participation…
Airbnb Shares Climb After Revenue Beat and Upbeat Fourth-Quarter Outlook
Airbnb shares rose by as much as 5% in after-hours trading on Thursday following third-quarter results that surpassed Wall Street expectations and a stronger-than-anticipated forecast for the final quarter of…
DBS Chief Tan Su Shan Warns of Market Volatility Amid Concentrated U.S. Tech Valuations
The chief executive of DBS, Southeast Asia’s largest bank, has cautioned investors to prepare for continued turbulence in global markets, citing stretched valuations in U.S. equities and growing dependence on…
Philippine Central Bank to Halt New Digital Bank License Applications
The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), will stop accepting applications for new digital bank licenses on December 1, 2025. This decision follows a moratorium on digital bank…
Fed’s Powell and Bowman Stress Job Market Fragility as More Rate Cuts Loom
Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s delicate balancing act, emphasizing that policymakers are trying to navigate between their price stability and employment mandates. In prepared…
‘Kiss Cam’ Controversy Drives $7 Million in Prediction Bets on Astronomer CEO’s Removal
Astronomer CEO Andy Byron became the center of a viral controversy after being caught on camera hugging his human resources director, Kristin Cabot, during a kiss cam moment at a…
Bank of England to Redesign Banknotes and Invites Public Input
The Bank of England is preparing to redesign its banknotes, marking the first significant update in more than five decades. Since 1970, notable historical figures like Sir Winston Churchill, featured…
British Fintech Wise to Shift Primary Listing to U.S., Dealing Blow to London Stock Exchange
British money transfer company Wise announced Thursday that it intends to move its primary stock listing to the United States, while maintaining a secondary listing on the London Stock Exchange…
Bank of Korea Cuts Interest Rates for Fourth Time, Signals More Reductions
South Korea’s central bank lowered its policy interest rate by 25 basis points on Thursday, reducing it from 2.75% to 2.5%, marking the lowest level since August 2022. This move…
IBM CEO urges Trump administration to boost federal AI R&D funding
On AI specifically, IBM’s CEO Arvind Krishna has made headlines with a hard line. He’s pushing the Trump Administration to increase federal research and development funding for artificial intelligence and…
Disney Surprises With Uptick in Streaming Subscribers and Strong Earnings Results
Disney will be releasing its fiscal second-quarter earnings before the market opens on Wednesday. So there’s quite a bit of anticipation surrounding this announcement. Investors and analysts are particularly waiting…
China Holds Key Lending Rates to Stabilize Yuan Amid Strong Economic Data
China’s recent economic indicators paint a murky picture as the country adjusts to external pressures caused by the trade war with the United States. Those recent growth numbers may sound…
Trump Administration Cuts $1 Billion Housing Program, Threatening Low-Income Tenants
The Trump administration has taken a drastic step, halting a $1 billion program designed to preserve affordable housing across the U.S. This move threatens tens of thousands of housing units…
Bank of Canada Faces Tough Decision with Expected Rate Cut Amid Trade Uncertainty
The Bank of Canada confronts a challenging landscape as it navigates monetary policy amid persistent inflation and a recovering economy. The central bank is signaling potential interest rate reductions that…
Tesla’s Stock Declines Amid Musk’s Focus on Politics and White House Involvement
Tesla’s stock experienced a significant decline in March, mirroring the company’s performance in February, with a steep drop of 28%, marking its worst performance since December 2022. This follows a…
Australian Reserve Bank Announces First Rate Cut Since 2020
The Reserve Bank of Australia (RBA) announced a rate cut of 25 basis points, bringing the cash rate down to 4.10% on Tuesday. This move marks the first rate reduction…