World
Elliott builds a position in Workday after software company unveils a multiyear plan to boost value
A sign is posted in front of Workday headquarters on Feb. 6, 2025 in Pleasanton, California. Justin Sullivan | Getty Images Company: Workday (WDAY) Business: Workday is a provider of an artificial intelligence platform to help organizations manage their people, money and agents. The company provides over 11,000 organizations with cloud solutions powered by AI […]
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Wall Street eyeing one big trade after Fed rate cut: Commodities
Commodities could soar after the Federal Reserve’s quarter-point interest rate cut this week, though this will depend on whether the U.S. manages to avoid a recession, according to JPMorgan. “Historically, commodities have generated positive returns both leading up to and following the first Fed cut,” JPMorgan analysts led by Natasha Kaneva told clients in a […]
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Now that the Fed has cut rates, here’s what UBS says to do with your cash
The recent rate cut from the Federal Reserve will likely not be the last this year, which means investors need to start assessing their cash allocations, according to UBS. There is $7.3 trillion in cash sitting in money market funds, close to a record, according to the Investment Company Institute . But the solid rates […]
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OpenAI leads private market surge as 7 tech startups reach combined $1.3 trillion valuation
Three years ago, Sam Altman lit the fuse for what’s become the most explosive bull run in the history of tech startups with the launch of ChatGPT. Along with OpenAI’s rapid rise to a $500 billion valuation, other prominent names like SpaceX, Anthropic and Anduril have seen astronomical markups of late. In total, a basket […]
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Top European finance chiefs warn of ‘casino’ behavior in private credit
Heads of European financial institutions are warning of risks in the rapidly growing, multi-trillion-dollar private credit market, with one executive saying parts of it resemble a “casino.” Oliver Bate, chief executive of Allianz , one of the world’s largest insurers, told CNBC that “uncontrolled” growth in the private credit space — which faces much less […]
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Cyberattack disrupts operations at European airports including Heathrow, Brussels
Planes land at the Heathrow Airport in the United Kingdom. Steve Parsons | Pa Images | Getty Images A cyberattack at a service provider for check-in and boarding systems has disrupted operations at several major European airports including London’s Heathrow, Brussels and Berlin, causing flight delays and cancellations on Saturday. Collins Aerospace, which provides check-in […]
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Russian jets enter Estonia’s airspace in latest test for NATO
Three Russian military jets violated NATO member Estonia’s airspace for 12 minutes on Friday in an “unprecedentedly brazen” incursion, its government said, the latest in a series of recent military actions by Russia that have rattled the alliance. Russia’s Defence Ministry denied its jets violated Estonian airspace, saying they flew over neutral waters. With tensions […]
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From shopping carts to superchips: Alibaba rediscovers edge with bold billion-dollar AI pivot
BEIJING — After helping shape the early years of Chinese e-commerce, followed by years of management missteps , Alibaba is betting big on artificial intelligence as it takes on a new era. This month, Alibaba led a roughly $100 million investment round in humanoid startup X Square Robot , and put $60 million into the […]
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Working smarter, not harder: AI could help fight burnout — but is it?
Burnout shows up as feeling constantly exhausted, emotionally checked out from work, and struggling to get things done effectively. Delmaine Donson | E+ | Getty Images Burnout is a growing concern across industries, but artificial intelligence is quietly changing the game. Recognized by the World Health Organization as an “occupational phenomenon,” burnout is more than […]
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President Trump to impose $100,000 fee for H-1B worker visas, White House says
President Donald Trump plans to impose a new $100,000 application fee for H-1B worker visas, a White House official said, potentially dealing a big blow to the technology sector that relies heavily on skilled workers from India and China. As part of his broader immigration crackdown, the Republican president was expected to sign a proclamation as early as Friday restricting entry under the H-1B visa program unless the application fee is paid, […]
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