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Oil held its ground above $82 a barrel as traders balanced growing geopolitical risk against the absence of any confirmed large-scale disruption to physical crude supply. A fresh round of fighting in Lebanon, combined with attacks on commercial vessels navigating the Strait of Hormuz, …
President Donald Trump has directed the Pentagon to substantially cut back joint military exercises with South Korea, a longtime treaty ally, arguing the drills are costly and unnecessary given what he called a non-threatening posture from North Korea. The order came just hours ahead …
OpenAI's revenue chief Denise Dresser departed the company after eight months in the role, two days after longtime executive Brad Lightcap announced he was ending an eight-year stint at the company. The departures leave OpenAI's C-suite facing renewed scrutiny as the company works to …
Major US retailers report earnings next week for the quarter ended July 31, offering insight into how consumers are navigating an economy showing signs of weakness. Walmart Inc. (NYSE:WMT), along with Target Corp. (NYSE:TGT), The Home Depot Inc. (NYSE:HD), Lowe's Companies Inc. (NYSE:LOW), and …
Six of the largest global asset management firms, including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR, have pledged support for a new financing platform intended to back $500 billion in AI-focused data centers using Nvidia chips. The firms plan to mobilizeCapitalfrom pension funds, …
Citi told clients in a note Friday that investor attention around potential asset bubbles has shifted away from large-cap US benchmarks toward chipmakers and South Korean stocks. The bank has argued for some time that US equities broadly are in bubble territory while maintaining …
As the US-Iran war continues with no resolution in sight, oil traders and policymakers are increasingly focused on whether global oil stockpiles are sufficient to offset what could become the largest supply disruption on record. Saudi Aramco'sLeadershipestimates the world has lost 2.6 billion barrels …
Goldman Sachs Group Inc. (NYSE:GS) has emerged as a key facilitator of several high-profile AI-related financing transactions in recent weeks, generating substantial fee income for the bank. Nvidia Corp. (NASDAQ:NVDA) said Monday that Goldman and five other financial institutions would combine efforts to raise …
Intel Corp. (NASDAQ:INTC) chief executive Lip-Bu Tan flagged a potential return to the memory chip business, calling new memory architecture "one of my pet projects" during remarks on a technologyVenture Capitalpodcast this week. The disclosure follows two significant recent moves by the company: a …
OpenAI's enterprise business now accounts for more revenue than its ChatGPT-led consumer division, chief financial officer Sarah Friar told investors at a meeting Friday, according to a person in attendance. The company had entered the year with a 60-40 split favoring consumer revenue, but …
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