EverBank’s Reverse Merger With WaFd Builds a $75 Billion Challenger to Regional Giants
EverBank Financial agreed to combine with Pacific Northwest lender WaFd in a reverse merger that would create a roughly $75 billion-asset ...
OpenAI and Microsoft Ask a Judge to End the Times Copyright Fight Before Trial
OpenAI, Microsoft, and a coalition of news publishers including The New York Times filed dueling summary judgment motions in Manhattan, as...
Mistral’s $3.5 Billion Samsung-Led Round Turns Europe’s AI Bet Into Infrastructure
Mistral AI closed a roughly €3 billion ($3.5 billion) Series D led by Samsung Electronics at a valuation above €21 billion, the largest pr...
Standard Chartered Brings Spot Bitcoin Trading to Dubai’s Institutional Market
Standard Chartered is expanding its spot cryptocurrency trading and custody services in Dubai, a move that deepens the bank’s institutiona...
GameFi Leads Crypto Rally as Traders Rotate Into Blockchain Gaming Tokens
GameFi tokens led a broad cryptocurrency rally Thursday, outpacing Bitcoin as investors rotated into blockchain gaming projects in search ...
Oil Stays Near $91 as Middle East Tension Feeds an Inflation Problem the Fed Can’t Ignore
Crude oil prices remain pinned near $91 a barrel as geopolitical tensions in the Middle East sustain a war premium that threatens to compl...
Stocks Rally After Fed Signal Eases Rate-Hike Fears, Yields and Oil Hold Watch
U.S. stocks rallied sharply Thursday, posting their best day in roughly a month, after Federal Reserve Governor Christopher Waller signale...
New York City Bars Student AI Tools Through Eighth Grade, Igniting a National Debate
New York City’s public school system, the largest in the United States, has banned student-facing artificial intelligence tools through ei...
Nvidia’s $13 Billion Hugging Face Buy Would Reshape Who Controls Open-Source AI
Nvidia’s roughly $13 billion deal to acquire Hugging Face would redraw the map of open-source AI development, placing the world’s most pop...
Global Banks Combine on Stablecoin Push as Singapore Tightens Select Rules
A group of major global banks including Citi and Goldman Sachs are cooperating on a stablecoin-related venture, while Singapore simultaneo...
Robinhood Chain Surges as Arbitrum Records Record DEX Volume Overnight
Arbitrum-based Robinhood Chain processed hundreds of millions of dollars in DEX volume on September 1, driving ARB sharply higher and rein...
Fed Hike Odds Jump Toward 70%, Raising the Stakes for Housing and Tech
Markets are now pricing roughly a 68% to 70% chance that the Federal Reserve will raise rates in September, after hawkish signals and oil-...