Tag: Business
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Circle wins final regulatory approval to establish US trust bank, shares rise
July 10 : Circle said on Friday it has received a final regulatory approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, sending the stablecoin giant’s shares surging 10 per cent in premarket trading.Here are some details: • The charter allows Circle to
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Private chef salaries reach $300,000 as the rich seek their own Michelin stars
Demand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeurs and estate managers have reached records, according to Morgan & Mallet.
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South Korean billionaire’s risky bet pays off, as SK Hynix debuts in New York
SEOUL, July 10 : When South Korean billionaire Chey Tae-won attends a bell-ringing ceremony on Friday for SK Hynix’s $26.5 billion Nasdaq listing, it will mark the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse.SK Group’s 2012 acquisi
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Stocks making the biggest moves premarket: Delta, Circle, Vodafone, Intel and more
These are the stocks posting the largest moves premarket.
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The Tech Download: Teen social media bans miss a key part of the puzzle: AI chatbots
Teenagers are increasingly becoming dependent on AI chatbots, echoing a familiar problem with social media in the 2010s.
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EU tells Instagram, Facebook to change addictive features or risk fines
BRUSSELS, July 10 : The EU charged Meta Platforms’ Instagram and Facebook on Friday with breaching its tech rules, with regulators targeting features they say are designed to keep users hooked and demanding changes to autoplay and infinite scroll or risk fines.The European Commission’s preliminary findings fo
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UK to regulate cloud service providers Microsoft, Google and others to protect financial stability
LONDON, July 10 : Britain on Friday designated cloud service providers Microsoft, Google, Amazon and Oracle as ‘critical third parties’, bringing them under direct regulatory oversight to protect the country’s financial system.”As banks, insurers and financial market infrastructures become increasingly relian
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Delta expects higher airfare to last, bringing 2026 profit goal in reach, CEO says
Delta is the first of the U.S. airlines to report second-quarter results.
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Meta found to breach EU laws with ‘addictive’ Instagram, Facebook designs
Meta is an apparent breach of EU laws due to addictive design features on Instagram and Facebook, according to preliminary findings on Friday.
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SK Hynix’s marquee US debut to test AI appetite
July 10 : SK Hynix’s U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors’ belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.Chip stocks have lost some momentum in recent weeks after a stellar run, partly due to investo
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