SoftBank Corp. and OpenAI are joining forces to roll out new artificial intelligence services for Japanese businesses next year, marking a major step in Japan’s push to harness AI across industries. The initiative, launched under the new joint venture SB OAI Japan, aims to provide enterprise-grade AI tools that accelerate…
S&P 500, Nasdaq futures slipped on Wednesday, as the broader market continued to pull back. The difference mostly comes down to how investors are processing the recent volatility in the tech sector and a wave of earnings results.The Dow Jones futures managed to stay in the green, helped by ongoing optimism…
The United States faces a confluence of political and market turbulence as the government shutdown becomes the longest in history, federal food aid faces legal challenges, and investors react to major developments involving Tesla and Nvidia. Meanwhile, law enforcement made key arrests in a high-profile Boston investigation, and the White…
Zohran Mamdani was elected the 111th mayor of New York in a historic victory on Tuesday that will put an avowed democratic socialist in charge of the city that serves as the capital of global finance. As Mamdani clinched the mayoral race after leading in most polls, the former rapper’s…
Aluminium prices on the London Metal Exchange have slipped after trading at its highest level since 2022. Prices on LME have increased from this year’s low of $2,124 per ton in February to $2,919 per ton last month. Currently, the three-month contract on LME were hovering at $2,855 per ton.However, experts believe…
In last-minute negotiations, EU climate ministers reached a provisional agreement on a 2040 climate change goal early Wednesday, according to a draft EU document. The target was diluted as ministers hurried to finalise the deal ahead of the UN COP30 summit in Brazil, Reuters said in a report.Following over 18 hours…
China has officially confirmed it will suspend some of the punitive tariffs it imposed on US goods, a move that formalises the fragile trade truce reached last week between President Xi Jinping and US President Donald Trump.However, the tariff relief is only partial. Crucially, a significant levy on US soybeans…
As Zohran Mamdani made history on Tuesday by winning the New York City mayoral race, the spotlight also turned to the woman by his side—a figure who was largely invisible on the campaign trail but instrumental to his success.Rama Duwaji, a 28-year-old artist, is now poised to become one of…
Novo Nordisk lowered its full-year profit forecast on Wednesday, marking an early challenge for newly appointed CEO Mike Doustdar as the Danish drugmaker grapples with slowing sales and a fast-changing obesity drug market.The maker of Wegovy, once Europe’s most valuable company, said it now expects operating profit growth in local…
Everyone says we’re in an AI bubble. CEOs say it. Economists say it. Retail investors say it on social media every day. But while the public worries about overhyped chatbots and sky-high valuations, the biggest technology firms in the world keep signing bigger deals and spending faster.What’s happening right now…