Paul Grewal, the Chief Legal Officer who guided Coinbase through major regulatory battles, is resigning effective July 31. His departure follows a landmark victory against the SEC and signals a strategic shift for the cryptocurrency exchange.
S&P Global Ratings has lowered Oracle's credit rating to 'BBB-', just one step above junk status, citing massive AI-related capital expenditures. Despite the downgrade and a $167 billion debt load, the company's stock advanced as investors focused on its large cloud contract backlog.
Elon Musk, CEO of AI startup xAI, unexpectedly declared competitor Anthropic the current frontrunner in the artificial intelligence race, a significant comment amid intensifying competition in the sector.
The release includes the new flagship model 'Sol,' which OpenAI claims surpasses rival models in key industry benchmarks for agentic work, coding, and reasoning at a significantly lower operational cost.
The U.S. Environmental Protection Agency has proposed relaxing certain aspects of its 2027 emissions standards for heavy-duty trucks, citing technical challenges faced by manufacturers in developing compliant engines.
Germany's benchmark DAX index finished Thursday's session higher, lifted by significant gains in technology and logistics stocks. The broader market also saw advances, with the TecDAX index surging over 2%.
Google announced it will introduce a new feature to inform users when generative AI has been used to create or modify ads, a move aimed at increasing transparency on its vast digital advertising network.
S&P Global Ratings has revised its outlook on auto supplier Magna International to stable from negative, citing better-than-expected margin expansion and cash flow generation. The company's 'A-' credit rating was affirmed.
Shares of the newly independent less-than-truckload carrier surged after Stephens initiated coverage with a bullish outlook, citing a compelling valuation and signs of a freight market recovery.
