A Morgan Stanley analysis of over 17,000 corporate earnings calls shows a growing number of U.S. companies are reporting concrete financial and productivity gains from AI, moving beyond promises to demonstrate tangible returns.
A blank-check company backed by Cantor Fitzgerald and a Bitcoin investment firm founded by Adam Back have terminated their initial merger agreement, citing the need to amend terms to reflect current market conditions.
The price of Bitcoin fell over 2% as escalating U.S.-Iran conflict and hawkish signals from Federal Reserve meeting minutes dampened investor appetite for risk assets.
Tailored Brands, the parent of Men's Wearhouse and Jos. A. Bank, has publicly filed for an initial public offering, marking its return to the stock market four years after restructuring through Chapter 11 bankruptcy.
A U.S. bankruptcy judge has ruled that California cannot pursue monetary damages from Chrome Holding Co, the successor to 23andMe, in connection with the 2023 data breach that affected 6.9 million customers.
The Oregon Attorney General's office has dropped its legal bid to stall the proposed $110 billion acquisition of Warner Bros. by Paramount, accusing the media giant of non-compliance with its investigation.
Former President Donald Trump announced the end of a ceasefire with Iran following a week of military escalations, though he said the U.S. has agreed to continue talks. The renewed tensions have pushed crude oil prices to their biggest weekly gain in eight weeks.
Deutsche Bank strategists report that the search for higher yields is the dominant force in foreign exchange this year, making carry trades a top-performing strategy amid a stable global economy.
Shares of medical device maker Conmed Corporation jumped in after-hours trading Friday following a Bloomberg report that the company is exploring a sale after receiving takeover interest.
