Big Tech Earnings Reveal Cracks in Case for Massive AI Spending
A week that saw the Federal Reserve cut interest rates and dozens of US companies report earnings nevertheless boiled down…
Wall Street Week | Larry Summers on the Fed, Argentina Elections, Hinton on AI, Trump’s H-1B Fee
This week, Former US Treasury Secretary Lawrence H. Summers agrees with Federal Reserve Chair Powell’s reluctance to lock in a…
Berkshire Hathaway Q3 operating earnings +33.6% Y/Y, cash pile hits record $381.67B
Eric Francis/Getty Images News Berkshire Hathaway press release (NYSE:BRK.A)(NYSE:BRK.B): Q3 operating earnings of $13.49B (+33.6% Y/Y). Q3 total revenue of…
Confronting China and Protecting Against AI Risks
Stepping back from the trade precipice, and facing up to the risks of AI Source link
Nigeria’s Dangote Says Fuel Output Now Exceeds Local Demand
Nigeria’s giant Dangote refinery says it now produces more gasoline and diesel than can be consumed locally, as it backed…
Urban Company Q2 results: Urban Company Q2 results: Cons net loss widens YoY to Rs 59 crore, revenue zooms 37%
Recently listed Urban Company reported a widened consolidated net loss of Rs 59 crore in the second quarter of FY25,…
Filecoin (FIL) Gains 7.3% as All Constituents Rise
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The…
U.S. Treasury Secretary Scott Bessent Praises Bitcoin’s Resilience
U.S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper on Friday with a post on…
In 50 Years, No Human Will Cook Anymore: Chow
Michael Chow, restaurateur and artist, tells Scarlet Fu and Romaine Bostick on “The Close” that in his vision, within 50…
DOJ Probes Trading in Herbal Medicine Firm That Surged 46,000%
The US Department of Justice is probing market volatility at a Hong-Kong based traditional Chinese medicine company after a stock…