The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
Goldman Sachs and JPMorgan showed that Wall Street is a major beneficiary of the AI boom, with record revenue driven…
Economy
Trump proposes 20% toll on cargo through Strait of Hormuz; restarts Iran blockade
The Strait of Hormuz is a major oil-shipping route and the epicenter of the U.S. and Israel's ongoing war with…
Burnout, frustration and heartbreak: Amazon layoffs take their toll in saturated job market
In the eight-plus months since Amazon announced its most expansive job cuts ever, laid off workers have been thrust into…
‘Funflation’ hits home: Why staying in isn’t the cost-saver it used to be
Following a wave of price hikes, at-home pastimes like streaming movies or playing video games are pinching pocketbooks. ...
U.S. launches airstrikes against Iran after Tehran attacks container ship in Hormuz, Pentagon says
Iran has attacked ships using a route along Oman's coast protected by the U.S. military. Tehran demands vessels use a…
Apple sues OpenAI alleging trade secret theft, says scheme was ‘at every level’
The two companies entered into a high-profile partnership in 2024 when ChatGPT was integrated into the iPhone's operating system. ...
SK Hynix rises 13% in Nasdaq debut. Chairman tells CNBC ‘demand is enormous’
SK Hynix has soared to a trillion-dollar market cap by serving some of the biggest names in technology, including Nvidia…
Meet SK Hynix, the trillion-dollar South Korean chipmaker debuting on U.S. markets
Following a more than sevenfold rally in its stock price over the past year, South Korea's SK Hynix is listing…
Trump says Iran called to make a deal after U.S. strikes; adds it’s unclear if war is back on
When asked whether the U.S. and Iran are returning to a full-scale military conflict, Trump responded: "I don't know." ...