TSMC's Q1 revenue jumped 35%, beating market forecasts on the back of surging AI chip demand. The results, driven by clients like Nvidia, as AI interest continues to offset weaker consumer electronics sales.
Treasury and Fed chiefs warned bank CEOs that Anthropic's Mythos AI can exploit major cyber flaws. Access is restricted to 40 firms to mitigate global risks.
An investigation names Adam Back as Bitcoin's creator. He denies the claims, but AI analysis and writing patterns reinforce the theory regarding his identity.
Britain hit a 14.4GW solar record as the UK's biggest solar farm, Springwell, won approval. It will power 180,000 homes in Lincolnshire.
UniCredit warned that a Commerzbank tie-up could spark an exit of key staff and clients. The bank is pursuing a €35B all-share bid to lift its stake above 30%.
Treasury proposed AML and sanctions rules for stablecoin issuers under the GENIUS Act. The move treats firms as financial institutions to curb illicit finance.
Adam Back denied a NYT report unmasking him as Bitcoin's creator. Writing analysis and timelines linked him to the elusive 1.1M coin fortune.
IRGC warns of a regret-inducing response as Israel strikes Lebanon. Nuclear disputes and fresh attacks on Gulf oil facilities threaten the fragile truce.
CoreWeave expanded its AI cloud deal with Meta to $21B through 2032. Shares rose as the Nvidia-backed firm secures a massive commitment from the tech giant.
Vice Chair Philip Jefferson says rates are appropriately set despite inflation risks from oil and potential job market slowing. He remains confident the current 3.50%-3.75% policy stance can respond to economic shifts.
IATA warns jet fuel supply will take months to recover even after Hormuz reopens due to refinery damage. Oil fell below $100 on ceasefire news as stocks surged.
The U.S. rejected Ford's request for relief from 50% aluminum tariffs after fires at a Novelis plant. The bottleneck has cut Ford's profits as it relies on costly imports.
General Motors is recalling over 271,000 cars, including Chevrolet Malibu sedans, due to faulty rearview cameras. The issue can cause distorted or blank images, increasing safety risks.
Japanese investors bought $14B in foreign stocks in March, a one-year high. NISA flows and war-driven discounts sparked the surge as investors shed foreign bonds.
Xi Jinping called for a demand-driven shift to upgrade China's services sector through tech and reform.
Lloyds used IBM quantum computing to successfully detect money mule networks. The test found complex fraud patterns that are difficult for standard computers.
Beijing is pushing fermented local feed to slash reliance on US soybeans. Use hit 8%, aiming for 15% by 2030, as trade tensions drive food self-reliance.
Phillips 66 faces a $900M Q1 loss as the Iran war roils energy markets. The hit stems from short positions in derivatives after record oil price gains.
ECB's Dimitar Radev warns inflation expectations may rise fast due to Iran war shocks. The bank must be ready for swift rate hikes to prevent a price spiral.
Deere agreed to a $99M settlement over right-to-repair claims. It will provide digital tools to farmers for 10 years, ending a major class action lawsuit.
Trump plans to cut 9,400 TSA jobs and $1.5B from the budget. The move aims to privatize security at small airports and save $500M through efficiency gains.
SWIFT data may undercount the yuan as China uses its own CIPS network. Beijing claims the currency is now the world's third-largest for international payments.
Investors are pressuring Amazon, Google, and Microsoft over massive water and power use. Alphabet's emissions surged 51%, sparking calls for better climate data.
Broadcom signed a deal to develop custom AI chips for Google through 2031. It also partnered with Anthropic, whose revenue run-rate has surged to $30 billion.