Meta’s long-awaited AI model is finally here. But can it make money?
After releasing its first major AI model in a year, Meta now has to figure out how to turn it into a business.
As millions lose weight on GLP-1s, they’re starting to turn to retailers to refresh their wardrobes
Apparel retailers could see an up to $13 billion annual boost in spending because of GLP-1 drugs, according to an estimate by equity research firm Bernstein.
OpenAI halts UK stargate project amid regulatory and energy price concerns
The major AI infrastructure was announced in September in partnership was with Nvidia and Nscale.
Meta commits to spending additional $21 billion with CoreWeave as AI costs keep rising
Meta’s additional spending commitments with CoreWeave will be deployed from 2027 to 2032.
U.S. Treasury yields steady ahead of key U.S. inflation data releases
U.S. Treasury yields held steady early Thursday as investors prepared for several key economic data releases.
Britain to call for toll-free Strait of Hormuz, says Lebanon must be part of Iran ceasefire
In an annual foreign policy speech, Cooper is expected to say that shipping must be toll-free through the strategically vital Strait of Hormuz.
Europe stocks rebound to stall as U.S-Iran ceasefire comes under strain
Shares in Europe are poised to open in mixed territory on Thursday, as the fragile truce agreed between the U.S. and Iran already shows signs of strain.
From war to weather: A ‘super El Niño’ event poses fresh risks to global food costs
An unusually powerful El Niño weather event could take shape later this year, exacerbating global food security fears.
Trump warns U.S. military will stay near Iran until ‘real agreement’ is honored
The statement came a day after Washington and Tehran agreed to a two-week ceasefire brokered by Pakistan, which halted six weeks of fighting.
Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.