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...
Fed’s Williams says AI is now his main inflation concern
Federal Reserve Bank of New York President John Williams said that among the drivers of inflation in the United States,...
Micron boosts US spending to $250B to feed memory boom
Micron Technology Inc. plans to increase its spending on new plants in the United States to $250 billion to help...
Fiserv president steps down in firm’s latest management shakeup
Fiserv Inc. said its president, Dhivya Suryadevara, resigned, just weeks after she was promoted to the role following the departure...
Buy-now-pay-later firm Klarna applies for US banking license
Klarna Group Plc applied for a bank license in the US as the firm, known for buy-now-pay-later loans, seeks to...
Finance app network maker Plaid Is said to consider US IPO
Plaid Inc., a technology company whose network helps fintech apps connect to customer accounts, is considering an initial public offering,...
Meta is building a cloud business to sell excess AI compute
Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and...
BOE’s Breeden warns AI agents risk causing market meltdowns
Autonomous artificial intelligence agents risk causing “market meltdown” and may need tighter regulation, Bank of England Deputy Governor Sarah Breeden...
Visa, Stripe among firms linking up on mainstream stablecoin
Visa Inc., Stripe Inc. and Bank of New York Mellon Corp. are among dozens of financial firms linking up to...
