Although supply constraints are still severe and demand for its memory chips relentless, there is still skepticism among investors about the longevity of the AI capex boom and the threat of cheap chips from China.
The building at the center of this week’s Midtown scare is the former Pfizer world headquarters at 235 East 42nd Street: a 33-story tower built in 1960 that, alongside its neighbor at 219 East 42nd, is being converted by Metro Loft and David Werner Real Estate Investments into roughly 1,600 apartments, the largest office-to-residential conversion…
XDC Tech, the US-based institutional arm of XDC Network, has announced an integration with Bridge, the stablecoin infrastructure platform and a Stripe company. The deal gives developers building on XDC direct access to Bridge’s on- and off-ramps, virtual accounts, and multi-currency custody, without requiring them to build that compliance layer themselves. The companies are positioning…
As competition for global investment heats up across the Gulf, it’s easy to assume bigger is always better. But for Bahrain, the smallest of the GCC states, its strengths come not from its size but from its strategic positioning, according to the head of the government agency tasked with bringing investment into the kingdom. “The good thing about being…
UK digital bank Monzo has teamed up with the Centre for Inclusive Money at Nest to tackle the significant shortfall in retirement savings among the country’s self-employed workers. The collaboration aims to examine practical ways banks can encourage sole traders and freelancers to put money aside for later life, drawing on years of research and…
Gas prices are rising again following a sharp escalation of the war in Iran. And as Americans look for ways to save money at the pump, many are turning to Costco’s gas stations for cheaper fuel. Demand for Costco’s gasoline reached record levels during the quarter ended May 10, though the company didn’t disclose sales…
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