Bank of America’s stock falls as investor disappointment over the $1.2 billion government fine added to the bank’s downbeat earnings report.
Business
In 1997, Intercontinental Exchange founder and CEO Jeffrey Sprecher bought the near-bankrupt Continental Power Exchange from Warren Buffett’s utility, MidAmerican Energy, for $1,000 and assumed its debt. ICE was founded in 2000 and later b…
Business
BlackRock's CEO says "a moratorium of some sort" on data center buildouts would put the U.S. in a recession.
Business
Anthropic reportedly earned $1.70 in revenue for every $1 it spent on computing power in the third quarter. The artificial intelligence (AI) company shared the figure with investors weeks before its planned November initial public offering…
Business
Ripple’s Korean partnerships now connect cross-border business payments, bank-managed digital asset wallets, and blockchain-based settlement of government bonds. Its cooperation with Meritz Securities extends that strategy into capital mar…