Tag: business news
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OpenAI’s ad business shows blistering growth, hits $1 billion annualized revenue run rate
OpenAI’s move to serve ads in ChatGPT earlier this year drew ridicule from its chief rival, Anthropic, in the form of a Super Bowl commercial.
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Aon CEO says insurance broker seeks to build ‘premiere middle market platform’ with purchase of rival USI
The insurance broker said the merger will create the premiere U.S. middle-market platform.
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Kalshi partners with brokerage Alpaca as it tries to build its international audience
The prediction market platform and the financial infrastructure and brokerage startup are working to get Kalshi’s event contracts to global investors.
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Crypto exchange Gemini not at fault for collapse of Earn lending program, arbitrator says
An arbitrator earlier this month said Gemini Space Station did not mislead users of its Earn program.
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Manhattan’s luxury rental market is booming, with units reaching $100,000 a month
New York City brokers said they’ve seen a surge in the number of wealthy renters, which is driving Manhattan rents to new records.
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Deere has been on fire in 2026. Baird sees even more returns ahead
Analyst Mircea Dobre upgraded the tractor builder to outperform from neutral.
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Bank of England chief warns new AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
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India’s largest private lender HDFC Bank sees shares rise after CEO announces surprise exit
Shares of HDFC Bank were up even as the company’s chief executive officer made a surprise announcement to not seek reappointment.
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Goldman expects one yen trade to continue thriving even as another fades
While effects of intervention on the Japanese yen appears to be fading, the relative value carry strategies should continue to thrive, Goldman says.
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BYD shares slide as fierce China competition dents first-half earnings
BYD shares slid after the automaker released its latest results on Friday, despite higher second-quarter profit and overseas growth.
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