Tag: Business
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OpenAI defers public rollout of GPT‑5.6 as US seeks early access to frontier AI models
June 26 : OpenAI said on Friday it was delaying a full public launch of GPT‑5.6 at the U.S. government’s request, limiting the AI model’s initial access to a small group of vetted partners whose details were shared with the authorities.The decision underscores growing concern in Washington over the national
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Dollar falls for second straight day but poised for weekly gain
NEW YORK, June 26 : The dollar slipped for a second straight session on Friday as recent economic data and a drop in oil prices cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention.Despite the recent declines, the greenback was stil
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Falling energy prices won’t defuse rising risk of civil unrest in emerging markets
(Refiles story to fix format, no change to text)By Colleen GokoJOHANNESBURG, June 26 : A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not defuse the threat of civil unrest as the damage to househ
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Prediction market platform Polymarket tops $1 billion in annualized revenue, source says
June 26 : Polymarket’s annualized revenue has surpassed $1 billion, a source familiar with the matter told Reuters on Friday, highlighting the rapid rise of prediction markets as retail investors flock to trade on everything from elections and sports to financial events. Here are some details: • Pr
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Tashkent forum closes with 166 investment agreements worth €37.6bn
More than 10,000 participants, including delegates from 102 countries, examined market access, transport links, green power, digital exports and the policies needed to turn commitments into operating projects. #Focus
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Swatch seeks $170 million in damages from Samsung over trademark infringement
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages from Samsung in what it says is the largest-ever trademark case of its kind in the UK, accusing the South Korean electronics group of allowing digital replicas of Swatch timepieces on its smartwatches, court documents show.A ruling on damage
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Spain markets watchdog rules out extension for EU crypto licence deadline
MADRID, June 26 : Spain’s market watchdog will grant no extensions or waivers to crypto firms that fail to secure licences under the EU’s landmark MiCA regime, its chair Carlos San Basilio said on Friday, when asked about major platforms, including Binance, which do not have licences.• Crypto companies have
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The brands winning with World Cup advertising may not be the sponsors
The World Cup winners and losers in advertising may be indicative of a broader trend of how people are responding to authentic branding.
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The memory crunch, Supreme Court rulings, ‘inheritourism’ and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Rise in memory chip costs puts pressure on retailers of laptops and smartphones
As the global race for AI moves forward, a shortage of memory chips has begun to drive up prices of consumer electronics and may lead to product shortages.
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