Business
Musk plans to expand Colossus AI supercomputer tenfold
Facility in Memphis expected to incorporate more than 1mn GPUs as billionaire’s xAI aims to catch up with rivals
Moody’s upgrades global banking sector for 2025, cautions against ‘growing protectionism’
The rating agency improved the bank sector status despite a number of risks. Read More
Abortion went first. Contraceptives could be next—unless men step up
For the first time in 70 years, new male contraceptives are succeeding. Read More
Amazon’s new AI cloud strategy is ripped straight from the ecommerce playbook that built a $2 trillion juggernaut
AWS is betting that an AI model marketplace with low prices and wide selection will be the key to success. ...
Salesforce’s ‘hard pivot’ to AI agents pays off with an 11% stock surge. But now the company must hustle to actually sell the product
Salesforce’s big bet on Agentforce has investors buzzing, but the clock is ticking on the company growing its revenue from ...
Millions of Americans—especially Gen X—are dealing with psychiatric disorders associated with leaded gasoline exhaust, new study finds
A new study connects lead’s past use in gasoline to an increase in mental health disorders among Americans. Read More
Robinhood considering move into sports betting, CEO Vlad Tenev says
The comments came at Robinhood’s inaugural investor day event.
What is known so far about the gunman who killed UnitedHealthcare CEO Brian Thompson
The suspected shooter was last seen in Central Park early this morning and he may have known New York well. ...
Amazon’s new Nova models are part of its master plan to shine bright in AI
Amazon is betting that offering AI models of similar capability to others but at a lower price will be the ...
Shares of American Eagle plunge 13% as company issues weak holiday guidance
American Eagle issued weak holiday guidance after reporting its third sales miss in a row.
From no degree to PhD: how Fortune Future 50 CEOs are breaking the business education mold
Skills like adaptability and curiosity are increasingly driving success among the leaders of top-performing companies—not necessarily degrees like an MBA. ...
The killing of UnitedHealthcare’s CEO follows years of mounting fear about executive safety
CEO Brian Thompson was gunned down early Wednesday morning in Manhattan. Read More
French government toppled in no-confidence vote brought by opposition
The French government has been ousted in a vote of no-confidence, plunging the euro zone’s second-largest country into deep political ...
Romania’s controversial presidential front-runner is a Trump supporter and ‘open admirer of Vladimir Putin’
He has courted controversy for describing Romanian fascist and nationalist leaders from the 1930s and 1940s as national heroes. Read ...
UBS stunned by mafia analogy at whistleblower pressure trial
“I don’t work in a mafia-style company,” Régis Turrini, chairman of the French branch of UBS Europe, said. Read More
Powell says he’s not worried about the Fed losing its independence under Trump
Federal Reserve Chair Jerome Powell spoke Wednesday at the New York Times DealBook conference.
Trump picks former regulator and crypto booster Paul Atkins to lead Securities and Exchange Commission
Atkins is expected to emphasize free markets and lower penalties. Read More
This income strategy could deliver a total yield of up to 7% a year, according to UBS
Investors can turn to dividend-paying equities and options to nab some attractive income.
French parliament votes to oust Michel Barnier’s government
Premier’s administration collapses over its proposed deficit-cutting budget
Trump plans to nominate Paul Atkins as SEC chair in crypto-friendly move
President-elect Donald Trump plans to nominate financier Paul Atkins to head the Securities and Exchange Commission.
Stocks making the biggest moves midday: JetBlue, Eli Lilly, Pure Storage, Salesforce and more
These are the stocks posting the largest moves in midday trading.
Trump plans to replace SEC chair Gary Gensler with crypto advocate Paul Atkins
Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense ...
This chip stock could be ready for a catch-up trade with Nvidia, according to the charts
Frank Cappelleri breaks down the charts on AMD.
Trump names tariff hawk Peter Navarro as chief trade strategist, bringing back former adviser who was jailed after Jan. 6
Navarro, 75, has been a longtime critic of trade arrangements with China. Read More
OpenAI CEO Sam Altman says it would be ‘profoundly un-American’ if Elon Musk uses Trump admin role to ‘hurt’ competitors
OpenAI CEO Sam Altman is “not that worried” about Musk’s influence in the incoming Trump administration. Read More
Nato’s Rutte says Russia supporting North Korean nuclear programme
Alliance chief claims Moscow’s help for Pyongyang could destabilise Korean Peninsula and threaten US
Why Fifth Third’s CIO mostly buys rather than builds tech in the race to compete against banking giants
To compete, Fifth Third CIO Jude Schramm leans into partnering with software providers, favoring a “buy” versus build approach. Read ...
Scottish government vows to scrap two-child benefit cap
SNP administration sets out record healthcare spending as it seeks to double down on policy priorities
‘Hawk tuah’ girl Haliey Welch launches crypto memecoin—but insists it’s not a cash grab
An interview with the viral sensation as she wades into murky legal waters. Read More
Warren Buffett’s 2 secrets for hiring great leaders
‘You have to have a clear vision,’ Buffett told Fortune’s Susie Gharib at the Berkshire Hathaway shareholder meeting in 2015. ...
