Verizon signed an over $1 billion artificial intelligence (AI) infrastructure deal with Google, and the company expects to sign several similar deals by the end of the year, Verizon CEO Dan Schulman said Friday (July 24) during a second quarter earnings call. In the recently signed agreement, Verizon dark fiber will be used to connect Google’s data centers….
Businesses are borrowing more from their banks again. Second-quarter earnings from KeyCorp, Regions Financial and PNC show the increase came through new loans, larger credit commitments and greater use of existing lines. New Loans, Bigger Commitments Drive Growth KeyCorp, the parent of KeyBank, said period-end commercial and industrial loans increased $2.1 billion, or 3%, from…
Jakub Porzycki | Nurphoto | Getty Images Paramount Skydance has agreed to delay its proposed acquisition of Warner Bros. Discovery to as late as June 2027 — a multi-month delay that will ultimately raise the deal price — as the tie-up faces a legal challenge. Last week, a group of state attorneys general led by…
West Bengal’s new Bharatiya Janata Party (BJP) government assumed office with high expectations of reviving the state’s investment climate, after the party’s Assembly election victory in May. In an interview at the Indian Council for Cultural Relations (ICCR) in Kolkata, a month after presenting the Budget, West Bengal Finance Minister Swapan Dasgupta tells Ishita…
Earnings season hits full stride next week, with several of the market’s biggest companies set to report. Investors will be watching not only the headline numbers, but also management commentary on AI spending, consumer demand, tariffs, and the outlook for the second half of the year. Monday Before the Open AstraZeneca (AZN) Baker Hughes (BKR)…
Key Takeaways Ford is working with Apple on a new line of electric vehicles. The automaker is taking the unprecedented step of letting Apple’s software control how electric vehicles operate when they are driving themselves. The new software will be built into the vehicle, so drivers won’t need an iPhone to use it. Ford is…
Regulators are coming with questions about financial institutions’ Artificial Intelligence processes that many will struggle to answer, warns QAwerks CEO Konstantin Klyagin. More documented hallucinations, customer complaints of banking doom loops, and the CFPB’s determination that inaccurate Artificial Intelligence chatbot responses may be federal violations are among the reasons the regulators are watching. When…
The S&P 500 Index ($SPX) (SPY) today is down -0.06%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.17%. September E-mini S&P futures (ESU26) are down -0.10%, and September E-mini Nasdaq futures (NQU26) are down -1.19%. A sell-off in chip stocks is putting downward pressure on the overall…
A performance measure for Federal Housing Administration-insured loans improved markedly in the past month, according to the latest numbers from Intercontinental Exchange’s mortgage technology unit. Processing Content New FHA defaults were down 15% over the previous year’s levels in June, marking the biggest decline in more than four years and potentially giving servicers more bandwidth…