With backing from tech giants and a $2.5 billion valuation, Austin-based startup webAI is pioneering a radical shift: moving AI processing from massive, energy-hungry data centers directly to personal devices, promising greater efficiency, privacy, and user control.
As financial institutions grapple with aging core systems like Gen, experts warn that deferring modernization in hopes of a future AI fix is compounding costs, risks, and missed opportunities in a rapidly evolving digital landscape.
The luxury retailer is moving to terminate its 'Saks on Amazon' partnership as part of its Chapter 11 proceedings, aiming to refocus on core luxury operations while navigating disputes over financial commitments and brand concerns.
Amid a volatile market, EFG International's consistent profit growth and significant insider holdings present a compelling case for stability-focused investors, setting it apart from riskier, loss-making ventures.
Precious metals continue their sharp retreat from January's record highs, with silver leading the decline as market sentiment shifts following key U.S. policy signals.
Pakistan launches a sweeping manhunt for Baloch separatist militants following a devastating wave of coordinated attacks across the volatile province. With over 190 dead, the government vows retaliation as the region reels from assaults on security installations, banks, and prisons.
As PJT Partners prepares to release its fourth-quarter results, the market watches to see if the elite advisory firm can continue its run of topping revenue estimates amidst a turbulent period for financial stocks.
A federal lawsuit alleging discriminatory hiring quotas and executive pay tied to demographic targets has placed Comerica's DEI governance under intense scrutiny. The legal challenge emerges as the regional bank navigates its planned acquisition by Fifth Third Bancorp, raising questions about regulatory hurdles and integration risks.
Despite fried chicken chains leading fast-food growth, one of Popeyes' largest franchisees has shuttered 17 locations and entered Chapter 11, highlighting the sector's uneven fortunes amid fierce competition and financial pressures.
Gold prices soared to a historic peak above $5,500 an ounce this week, fueled by Fed policy signals, only to plunge dramatically as a resurgent U.S. Dollar and profit-taking sparked a broad retreat. The volatile swing sets a tense stage for the metal as markets await key economic data.
A major analyst upgrade, fueled by Nvidia's deepening investment and strategic alignment, projects significant upside for the AI cloud infrastructure leader CoreWeave, despite recent stock volatility.
The parent company of numerous restaurant chains will be removed from the Nasdaq exchange on February 4, transitioning to high-risk over-the-counter trading after failing to meet listing requirements.
Under new CEO César Vargas, the family-owned group is breaking into five autonomous business units in a bid to boost agility and market responsiveness, as it eyes growth beyond its €900m turnover.
Stablecoin rewards and the Clarity Act widen the divide between crypto and TradFi, according to people who spoke with the WSJ.
U.S. equity markets slipped Thursday as Treasury yields climbed following President Trump's announcement that he will nominate former Fed Governor Kevin Warsh as the next central bank chair. The move, seen as potentially less dovish, overshadowed positive economic data and corporate earnings.
Gold and silver prices experienced a dramatic sell-off following President Trump's surprise nomination of former Fed governor Kevin Warsh to chair the Federal Reserve, sparking intense debate over future monetary policy direction.
President Trump's dismissal of concerns over the dollar's decline has accelerated a sell-off, sending the greenback to multi-year lows and triggering record-breaking rallies in gold and silver as markets question U.S. currency policy.
Facing what CEO Peter Vanacker calls the 'deepest and longest downturn' of his career, LyondellBasell reported Q1 2025 results while detailing a new $500 million cash improvement plan. The chemical giant is leaning into portfolio restructuring and its global supply network to weather trade policy uncertainty and weak demand.
President Trump's nomination of Kevin Warsh, a known monetary policy hawk, to lead the Federal Reserve sent initial shockwaves through equities and bonds on Friday, raising questions about the future path of interest rates.
The U.S. dollar rallied sharply while gold and silver prices plunged following President Trump's nomination of former Fed Governor Kevin Warsh as the next Federal Reserve Chair. The move, coupled with stronger-than-expected U.S. economic data, signals a potential hawkish shift in monetary policy.
