Walmart and Amazon Are Exploring Issuing Their Own Stablecoins
Corporate coins could take payments activity away from banks and the traditional financial system.
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The Only Remedy for Intel’s Woes May Be a Breakup
A chip-manufacturing spinoff could help solve some of the company’s thorniest issues.
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Scale AI Gets Meta Investment That Values It at More Than $29 Billion
The data-labeling company said proceeds from the investment will be distributed to its shareholders, accelerate innovation and strengthen customer relationships.
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New Army Reserve Unit Enlists Silicon Valley Executives to Upgrade Tech
Executives from Palantir, Meta and OpenAI are joining a new innovation corps in the Army Reserve.
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Why Larry Fink Sees BlackRock Shares, Income Doubling by 2030
The world’s largest asset manager plans to raise $400 billion from clients by 2030 for its funds that invest in private equity, private credit, real estate, infrastructure and other so-called alternatives to public stocks and bonds.
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Groupe BPCE to Buy Novo Banco for $7.4 Billion
The French retail bank will buy the Portuguese lender from its majority owner Lone Star in the latest cross-border deal in European banking.
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Chinese AC & Heat Tech Company Plans $1 Billion IPO in Hong Kong
China’s Zhejiang Sanhua Intelligent Controls, a maker of refrigeration components, is planning a US$1 billion secondary listing in Hong Kong, underpinning the revival of the city’s IPO market.
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Adobe Keeps Pivoting as AI Transforms Customer Needs
Adobe is making big changes to keep up with artificial intelligence, but investors aren’t sold.
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RH Swings to Surprise Profit Despite Tariff Pressures
RH warned that tariffs, market volatility, inflation risk and a rise in global discord have made for a risky business environment ahead.
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Warner Bros. Bondholders to Face Limits on Cooperation Pacts in Company’s Split
The entertainment company is expected to become one of the first borrowers to restrict creditors from forming cooperation groups.
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AMD Introduces AI-Focused MI350 Series, Part of ‘Vision for an Open AI’ Ecosystem
The chip maker said it partnered with prominent companies such as Meta Platforms, OpenAI, Oracle and Microsoft as it seeks an open AI ecosystem.
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Chime Financial Is the Latest IPO to Soar in Debut
Chime Financial’s stock jumped in its stock-market debut Thursday, the latest sign the U.S. initial public offering market is awakening.
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Oracle Touches New High as AI Bonanza Outshines Profit Concerns
Chief Executive Safra Catz late Wednesday called for “dramatically higher” revenue growth rates in the fiscal year ahead.
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Boeing Crash in India Is First Fatal Incident Involving a 787 Jet
The crash deals a fresh blow to the beleaguered U.S. plane maker, which has been mired by safety and production issues in recent years.
(END) Dow Jones Newswires
June 13, 2025 07:15 ET (11:15 GMT)
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