(Reuters) -21Shares on Wednesday filed for regulatory approval to launch a passive exchange-traded fund that would track the price of Hype token, a week after the company agreed to be acquired by digital assets trading firm FalconX. The U.S. Securities and Exchange Commission has been flooded with filings for ETFs tied to cryptocurrencies, as money …
21Shares files for Hype ETF amid robust crypto allure Read More »
(Reuters) -Amazon.com said on Wednesday it has launched its compute cluster project called Rainier, and added that artificial intelligence firm Anthropic will use more than a million chips of the infrastructure by the end of the year. The tech giant had started Project Rainier last year to build an AI compute cluster spread across multiple …
Amazon launches AI infrastructure project, to power Anthropic’s Claude model Read More »
(Reuters) -Cognizant Technology raised its full-year 2025 adjusted profit forecast on Wednesday, anticipating a surge in spending from enterprise clients looking to upgrade their digital infrastructure with artificial intelligence. Shares of the Teaneck, New Jersey-based IT consulting company rose more than 6% in premarket trading. Cognizant’s embrace of AI and agents has helped it attract …
Cognizant raises annual adjusted profit forecast on strong client spending Read More »
By Mike Dolan (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Bulled up by another wave of AI deal-making and earnings excitement and with interest rates about to fall again, Wall Street now faces two days of critical monetary policy, earnings and global trade events that will …
(Reuters) -The interest rate on the most popular U.S. home loan dropped last week to a 13-month low after a key reading of inflation came in lower than expected, cementing expectations for another Federal Reserve interest-rate cut. The Mortgage Bankers Association said on Wednesday the contract rate on a 30-year, fixed-rate mortgage dropped 7 basis …
Key US mortgage rate drops to 13-month low, industry group says Read More »
RIYADH (Reuters) -OpenAI’s Chief Financial Officer Sarah Friar said in Riyadh on Wednesday that this week’s deal with Microsoft allows the company to continue raising capital in a much less complex manner. Friar also said that OpenAI’s intention to collaborate with governments globally to deploy its technology could enhance the United States’ soft power. (Reporting …
OpenAI CFO says Microsoft deal boosts capital raising efficiency Read More »
(Corrects day of the week to Wednesday in paragraphs 1,5) SEOUL (Reuters) -U.S. President Donald Trump complained on Wednesday about the Federal Reserve, once again taking aim at central bank chief Jerome Powell for perceived delays in cutting interest rates. “Jerome ‘Too Late’ Powell,” Trump said in a speech in the South Korean city of …
Trump again targets Fed’s Powell on interest rate cuts Read More »
By Twesha Dikshit, Anuja Bharat Mistry and David Gaffen (Reuters) -Companies around the globe have ramped up job cuts, with blue-chips from Amazon to Nestle and UPS reining in spending while consumer sentiment dims and AI-focused tech companies start to replace jobs with automation. According to a Reuters tally, American companies have announced more than …
Global firms slash jobs amid weak sentiment, AI push Read More »
By Stella Qiu SYDNEY (Reuters) -Australian consumer prices jumped by the most in 2-1/2 years in the September quarter as electricity and travel costs climbed, while a shockingly large increase in the core inflation reading seemed to rule out any imminent rate cuts. Investors gave up any remaining hopes for a rate cut from the …
Australia’s Q3 inflation accelerates, crushing rate-cut hopes Read More »
(Reuters) -U.S. President Donald Trump’s sweeping tariffs are set to raise operating costs, disrupt supply chains and weaken investment momentum for the oil and gas industry in 2026, a report published by Deloitte showed on Wednesday. WHY IT’S IMPORTANT The energy industry relies heavily on global supply chains and internationally sourced materials such as drilling …
Tariffs to raise costs, delay oil and gas projects in 2026, report says Read More »
