Tag: Business
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SoFi targets idle crypto cash with interest-bearing tokenized deposit
(Corrects annual percentage yield to 4.4 per cent from 4.2 per cent in paragraph 2 after company revised the figure)By Niket Nishant and Manya SainiOct 22 : SoFi Technologies on Thursday launched a “tokenized deposit” product that lets customers earn interest on cash set aside for crypto purchases, wh
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Meta falls as investors balance Muse growth with rising AI costs
Oct 22 : Shares of Meta Platforms fell about 3 per cent in premarket trading on Thursday, as investors weighed the benefits of the company’s fast-growing AI agent business against the mounting costs of funding its ambitious AI expansion.The stock has gained more than 5 per cent this year and, if current losse
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Indian firm eMudhra exits global digital certificates business after vulnerability disclosure
Oct 22 : Indian digital trust services provider eMudhra on Thursday said it would voluntarily withdraw from the global SSL/TLS certificate business, following an incident in which its digital certificates were found to have vulnerabilities.The disclosure of the vulnerabilities led to internet browser majors s
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American Express brings Airbnb bookings and rewards to Amex Travel platform
More than 1 million Airbnb listings are now available to book through Amex Travel, allowing customers to earn membership points on prepaid bookings.
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Sellers are back in tech, while bear market grips Chinese stocks
Here are the key things investors need to know to start the trading day.
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Comcast beats earnings expectations as media revenue offsets weakness in connectivity
Comcast is in the process of spinning off its media business into a separate publicly traded company.
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Axel Springer open to role in any potential European TikTok deal, spokesperson says
Oct 22 : Publishing group Axel Springer would welcome any European initiative to separate TikTok from its Chinese owners along the lines of President Donald Trump’s deal to split the US social media app from its parent, a spokesperson for the German company said on Thursday.TikTok’s Chinese owner, ByteDance,
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IMF, OECD warn AI could widen rich-poor country divide
Oct 22 : Artificial intelligence could boost global growth, but poorer countries, smaller companies and younger workers risk missing out unless access to power, digital infrastructure and skills improves, according to officials from the IMF and OECD.The warning comes as massive investment in chips and AI infr
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Tesla drops as spending pullback clouds AI, robotics ambitions
Oct 22 : Tesla’s shares slid 5 per cent in premarket trading on Thursday as the EV maker’s reduced capital spending forecast raised questions about the pace of investment behind Elon Musk’s AI, robotics and autonomous-driving ambitions.The company on Wednesday lowered its 2026 capital spending forecast to abo
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Comcast broadband losses deepen as competition pressure core business
Oct 22 : Comcast lost more broadband customers than expected in the third quarter as fierce competition chipped away at its core business, while NBCUniversal benefited from gains in theatrical and streaming ahead of its planned spinoff next year.Aggressive price cuts by carriers such as AT&T and smaller fiber
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