Wall Street Giants to Make $50 Billion Bet on AI and Power Projects

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Morgan Stanley rounds off strong earnings season

Business - Financial Times - October 16

BlackRock's ETF chief says 75% of its bitcoin buyers are crypto fans new to Wall Street

Bitcoin ETF inflows surpass $2.1 billion in a week as bitcoin touches highest price level since July.

Business - CNBC - October 18

America’s economy looks strong. So why is Wall Street worrying about renters and younger borrowers?

It isn’t only subprime — renters and younger borrowers are weaker spots in an otherwise solid backdrop for consumer debt.

Business - MarketWatch - October 21

GM stock has best day since 2020 after automaker tops Wall Street's third-quarter expectations, raises guidance

GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.

Business - CNBC - October 22

New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion

Boeing had released preliminary results earlier this month showing a big loss and $5 billion in charges across its defense and commercial units.

Business - CNBC - October 23

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's third-quarter expectations

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's Q3 expectations

Business - CNBC - Yesterday

AMD could still be a sleeper against Nvidia, but Wall Street isn’t yet convinced

Advanced Micro Devices Inc. executives made some bold statements about the company’s underdog AI accelerator chip Tuesday, and said it is ready to take the spoils from rival Nvidia Corp.

Business - MarketWatch - 19 hours ago

Wall Street is entering its best 6 months of the year. Why the stock-market rally has more room to run.

The U.S. stock market is about to enter historically its best six months of the year, after defying the popular Wall Street adage to “sell in May and go away” with strong gains.

Business - MarketWatch - 11 hours ago

Carvana raises 2024 earnings guidance after topping Wall Street's Q3 expectations

Carvana said its adjusted EBITDA would be "significantly above the high end" of its previous target of $1 billion to $1.2 billion.

Business - CNBC - 45 minutes ago

Writing was on the wall for Jonas Eidevall after fans lost faith in his Arsenal project | Suzanne Wrack

Manager’s resignation suggests the decision came from him as bad results and a toxic atmosphere took its toll. It is sad to see a journey that started with such promise end in a whimper. That is ...

World - The Guardian - October 16

Harris, Cheney make blue wall swing to appeal to GOP voters

Vice President Harris and former Rep. Liz Cheney (R-Wyo.) spent Monday on a swing across the blue wall to try to appeal to Republican voters. The vice president and former congresswoman traveled to ...

Politics - The Hill - October 22

TikTok owner sacks intern for allegedly sabotaging AI project

ByteDance dismissed person in August it says ‘maliciously interfered’ with training of artificial intelligence models. The owner of TikTok has sacked an intern for allegedly sabotaging an internal ...

World - The Guardian - October 21

Google Backs New Nuclear Plants to Power AI

Startup Kairos Power plans to build small reactors to help supply electricity to the tech company’s data centers.

Tech - The Wall Street Journal - October 14

Google turns to nuclear to power AI data centres

The tech giant says it will use energy from small reactors to power its use of artificial intelligence.

AI Power Needs Fuel Demand for Nuclear Energy

Electricity providers are looking at revamping nuclear power generation as Big Tech energy needs increase.

Business - Inc. - October 17

Shohei Ohtani 50-50 ball fetches millions, setting eye-watering record

The ball Shohei Ohtani launched for his 50th home run of the season, having also stolen 50 bases, was bought at auction early Wednesday for more than $4.3 million.

Jane Street interns make more than Keir Starmer and Jay Powell

More Money Than God 2.0

Business - Financial Times - October 15

NBA betting: Three futures bets to make on all 30 teams this season

While not every team is a contender, each one offers a chance to make a bet

Sports - ESPN - October 21

Tech giants press Congress to codify AI Safety Institute

A coalition of more than 60 tech companies and industry groups, including Amazon, Anthropic, Google, Meta, Microsoft and OpenAI, urged congressional leaders Tuesday to pass legislation permanently ...

Politics - The Hill - October 22

Small step or a giant leap? What AI means for the dance world

As a new show co-created by an AI performer opens in France, industry leaders including Wayne McGregor, Tamara Rojo and Jonzi D contemplate the technology’s possibilities and perils. ‘I think AI’s ...

World - The Guardian - Yesterday

College Football Power Rankings: Colorado makes its first appearance

Our college football experts break down how each team in our top 25 performed in Week 9.

Sports - ESPN - Yesterday

Anguilla’s .ai Web Address Makes the Tiny Island Money in the AI Boom

Registrations from artificial intelligence company websites let the Caribbean territory tap a rich vein of revenue from a digital gold mine.

Business - Inc. - October 16

U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets

Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.

Business - The New York Times - October 22

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...

World - ABC News - 3 hours ago

Microsoft bets on latest ‘Call of Duty’ to power up video games strategy

Tech giant hopes ‘Black Ops 6’ will boost Game Pass subscription service as Xbox sales decline

Business - Financial Times - 5 days ago

ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth

American enterprise software giant ServiceNow and cloud computing startup CoreWeave plan to invest billions of dollars in their U.K. operations.

Business - CNBC - October 14

Treasury Department now using AI to save taxpayers billions

The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars.

Treasury Department uses AI to recover $1 billion in fraud

The Treasury Department is taking advantage of artificial intelligence (AI) to prevent or recover check fraud and stopped more than $1 billion in fraudulent payments over the past year, the agency ...

Politics - The Hill - October 17

Perplexity AI Hopes to Double Its Valuation to $8 Billion

The Jeff Bezos-backed AI company is looking to raise around $500 million in its new funding round.

Business - Inc. - October 20

Perplexity AI seeks valuation of about $9 billion in new funding round

Perplexity started the year with a roughly $500 million valuation and has continued attracting significant investor interest alongside the generative AI boom.

Business - CNBC - October 21

ServiceNow flirts with $200 billion market cap as AI momentum draws cheers

ServiceNow’s stock is on track for a record close Thursday following an upbeat earnings report.

Business - MarketWatch - 6 days ago

Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation

Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion.

Business - CNBC - 2 days ago

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