Cracks appear in AI spending boom
Investors are growing nervous about spending on AI infrastructure, just as big tech companies are doubling down. In the past two weeks, Alphabet, Amazon, Meta and Microsoft have announced plans to spend more than $740 billion in capital spending this…
Stocks fall on concerns over AI cash burn while bonds rebound with oil
By Sinéad Carew and Iain Withers NEW YORK/LONDON, Oct 30 (Reuters) – A sharp decline in technology stocks on Wall Street pushed the MSCI world index down 1.5% on Friday, sending investors back to the safety of U.S. bonds on concerns that large,…
Tested: the 2027 BMW i3 50 xDrive is in a separate Neue Klasse
First came electric vehicles that looked very clearly like electric cars, with wacky designs showcasing their futuristic powertrains. Then there was a generation that hid EV powertrains under bodywork shared with combustion models. And now we’re…
AI law firm Crosby bids for famously disintegrating firm Weil Gotshal
Like a real-life episode of “Suits,” the demise of the Wall Street-famous law firm Weil, Gotshal & Manges was the talk of the legal industry this week. And now Silicon Valley has entered the scene. The two-year-old AI-focused law firm…
Is it difficult to recover the $6.3 billion stolen from Binance by hackers?
After pirates stole more than $6 billion from BinanceThe cryptocurrency exchange said Friday it was working to recover the assets, a multi-pronged process that experts say involves coordinating with law enforcement and tracking the movements of the…
Gold prices are falling to a one-year low below $3,900 as rising oil prices fuel fears of more pain to come.
(Kitco News) – The gold market took a big hit heading into the weekend, with prices falling convincingly below $4,000 an ounce and falling to their lowest levels in over a year. Gold’s sharp decline on Friday pushed prices to their lowest…
Toyota unveils five new and improved Woodland concepts, including an electric vehicle
Toyota has introduced a new family of lifted, “adventure-ready” Woodland concepts, based on the RAV4, Grand Highlander, Sienna, Crown Signia and bZ electric SUVs. Toyota extends Woodland badge to new models Toyota is the latest automaker to tackle the…
Stock market today: Nasdaq 100 plunges after grim results from Intel and Amazon
It was a Friday full of bruising losses for tech trading. The Nasdaq 100 lost more than 3% to end October with its worst monthly loss since March 2025. The technology index lost 6.7% for the week, losing more than 7% for the month. Friday’s losses…
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Think tank: 114 companies pay no federal income tax, but still not hardest hit by deficit
The effective corporate income tax rate is now the lowest in decades, and the U.S. government’s dwindling revenue streams are raising concerns among some policy experts. More than 700 profitable businesses paid 10.4% in federal income taxes last…