Business

European Banks Want a Slice of AI Profits, But Less of the Risk

Europe’s top banks want to earn more from the debt-fueled artificial intelligence boom, while seeking ways to limit and offset exposures to the red-hot sector.

India summons Meta executives over briefly restricted Modi Facebook post

Japanese power firm execs visit Wawa pumped storage project

Prime Infra and subsidiary Olympia Violago Water & Power Inc. (OVWPI) hosted executives from Kansai Electric Power Co., Inc. (KANSAI), Japan’s second-largest electric power company, for a visit to the Wawa pumped storage hydropower project…

Futures Climb With Boost From Microsoft’s Surging Cloud Growth

US futures rose on Thursday as Microsoft Corp. jumped 9.8% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., rallied as well.

Bank of England holds UK interest rate steady at 3.75% — but policymakers see upside inflation risk

The Bank of England on Thursday held U.K. interest rates steady at 3.75%, in line with economists' expectations.

Wealth managers face a new challenger: their clients’ AI chatbots

Large language models may give financial advisors a run for their money, but wealth management leaders say the human touch can't be replaced.

AI-Fueled Corgi Chases BlackRock’s ETF Crown With 500-Fund Push

Corgi Funds does not look much like a traditional asset manager. Its parent company runs 24-hour cafes in San Francisco and Atlanta, operates a bus to the Y Combinator office and grew out of an artificial-intelligence insurance startup.

Shell posts highest quarterly profit in four years amid Iran conflict

The British oil and gas company's adjusted earnings for the Q1 of 2026 amounted to $6.9 bln

First Thing: US government borrowing costs hit new high as US strikes resume on Iran

The Federal Reserve voted to hold its key interest rate steady, sending stocks tumbling, as US claimed to hit ‘dozens’ of Iranian targets. Plus the origins of Coca-Cola may have been found … in Italy Good morning. US government borrowing…

Conflict Widens in Middle East, Bonds Send Warsh Credibility Warning | The Opening Trade 7/30/2026

The US launched a fresh wave of strikes on Iran in response to an attack on American forces in Jordan, escalating a conflict that’s now spreading across the Middle East. After the Fed kept interest rates unchanged for a seventh consecutive…

Wall Street just suffered a historic crash in high-flying stocks. Here is why a quick tech rebound could be a trap.

A bounce may be coming for those momentum stocks that have been brought back to earth, which could open up another selloff, says BTIG’s Jonathan Krinsky.

ChatGPT, Roblox could be included in DSA scope, EU Commission spokesperson says