Wise shares sink after US rejects bank charter application
Wise Group Plc’s application to become a national trust bank in the U.S. was rejected by the U.S. Office of...
AMD to invest up to $5 billion in Anthropic, deploy chips
Advanced Micro Devices Inc. has agreed to invest up to $5 billion in Anthropic PBC as part of a potential...
OpenAI models breach Hugging Face, sparking cyber alarms
Since April, when Anthropic PBC unveiled its Mythos model, cyber and national security experts have warned that the internet has...
Spanish banks tackle US payment dominance with Tap-to-Pay system
Spanish banks are taking a new step to chip away at the dominance of US payment systems such as Visa...
Data centers on track to suck up a fifth of US power use by 2035
Data centers in the US will account for about 20% of the nation’s electricity consumption in 2035, up from 5.9%...
PayPal is working with Goldman, Evercore as suitors circle
PayPal Holdings Inc. has been working with advisers to review strategic options, people familiar with the matter said, as Stripe...
Regional banks, wealth management lead financial services M&A
Smaller deals involving regional banks and wealth managers are driving acquisitions in the financial services industry, according to a clutch...
New York leads nation in moratorium on new big data centers
New York has become the first state to issue a moratorium on new hyperscale data centers as localities across the...
IBM shares plunge after sales miss, CEO says ‘we faltered’
International Business Machines Corp. shares slid after the company reported preliminary second-quarter sales that fell short of expectations, attributing the...
Stablecoin firm Circle gets approval for coveted U.S. bank charter
Circle Internet Group Inc. received approval to start a national digital-currency trust bank to support its stablecoin business, widening its...
