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Tekedra Mawakana says ending Waymo's exclusive Uber arrangement in Austin and Atlanta responds to riders who had no way to guarantee they'd actually get a self-driving car instead of a human-driven one.
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Exxon's quarterly profit doubled to $15.4 billion and Chevron's nearly tripled to $9.9 billion, driven by refining margins, as the windfall lands days before midterms Trump is calling evidence his energy policies are working.
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A daily rundown of the business and market stories worth your time.
Leonardo Maria Del Vecchio has turned down an offer to buy out his position in Delfin, the holding company built by his late father, deepening a rift among the eyewear dynasty's eight heirs.
Principle Post Briefing
The round, which would value OpenAI nearly 50% higher than its $852 billion valuation in March, is being led by investors from the UAE and Coatue, and is seen as a bridge to a planned 2027 IPO.
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IBM shares fell about 5% even after the company posted strong third-quarter revenue and earnings, as investors remain wary following a preliminary warning in July that sent the stock down roughly 25% in a single session.
3 min readBy Principle Post Staff
More than 10 million people set up Muse agents in the AI assistant's first weeks, with shopping emerging as the top use case — and purchase volumes so high that Meta had to get Stripe to lift its credit limits.
By Principle Post Staff
By Principle Post Staff
By Principle Post Staff
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Principle Post Staff
Goldman Sachs estimates central banks bought 79 tonnes of gold in August, with China leading the charge, as the debate shifts from how much gold to hold to where to store it amid growing concerns about reserve security.
By Principle Post Staff
By Principle Post Staff
By Principle Post Staff
Principle Post Staff
As much of the AI industry pitches software that can shrink a sales force, one AI vendor's customer is going the other way — doubling headcount after tripling the productivity of each rep.
Louis Mosley argued European dependence on American technology providers is unavoidable in the near term, as Palantir also sought to reassure allies that its NATO AI system has no 'kill switch' after Starlink disruptions in Ukraine raised sovereignty concerns.
Chinese banks extended a seven-year, yuan-denominated loan to Huawei, its first offshore syndicated borrowing since 2020, as the company's research spending and chip stockpiling drive up its funding needs.
Dallas-based KDC is lining up roughly $3.5 billion in credit tenant lease financing, backed by AT&T's future lease payments, to fund construction of the carrier's sprawling new global headquarters in Plano.
Gucci's third-quarter sales fell 6% as weak store traffic in China continued to weigh on the brand, raising fresh doubts about parent company Kering's multiyear effort to revive it.
Png, who leads the roughly 40% of Temasek's S$518 billion portfolio held in Temasek Portfolio Companies, is set to take a board seat at the Singapore-listed real estate manager, according to people familiar with the matter.
Days after Citadel's Ken Griffin warned of an AI bubble, Blackstone President Jon Gray argued the AI buildout is different — demand, he says, is outrunning capacity rather than the other way around.
Taiwan halted trading and closed schools and offices in Taipei as Typhoon Champi, which briefly reached super typhoon strength this week, bore down on the island with Category 4-equivalent winds.
Southeast Asia's largest economy is returning to China's onshore bond market to diversify its funding sources as MSCI warns Indonesia's emerging-market status is in jeopardy.
On Meta's third-quarter earnings call, CFO Susan Li laid out a plan to sell AI models, agents and business tools to enterprise customers — a potential new revenue stream beyond advertising.
Facing organized local opposition that has blocked tens of billions of dollars in projects, the biggest cloud and AI companies are offering more transparency and bigger community investments to win over skeptical neighbors.
Govra builds AI agents that turn government tax rules into automated audit workflows, and pilots in California and Indiana suggest the approach could sharply increase how many cases investigators can handle.
Governor Kathy Hochul is enrolling New York in the federal Education Freedom Tax Credit from Trump's tax law, making it the second Democratic-led state to join a program her own legislative leaders urged her to reject.
A waterfront mansion in Golden Beach, Florida sold for a record $69.5 million through a Delaware entity, with real estate sources pointing to Jeff Bezos as the buyer, about 30 minutes from his $237 million Indian Creek compound.
The dollar's recent slide stalled Thursday as investors positioned for Fed, ECB and Bank of Japan meetings next week, even as oil, French bond jitters and AI-credit worries kept markets on edge.
The hedge fund manager argued it's urgent for the administration to free Fannie Mae and Freddie Mac from government conservatorship before Trump leaves office, warning a future Democratic administration could otherwise use their massive cash flows as a political war chest.
The hedge fund, known for pushing Lionsgate toward a sale, is spinning up a standalone activist vehicle aimed at small and mid-cap companies, with portfolio manager Sagar Gupta pointing to AI as a catalyst for change.
3 min read
Distributable earnings slid to $1.72 billion in the third quarter as a historic jump in bond yields curbed deal activity, though the firm still beat analyst estimates and grew assets under management 10%.
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Iris, a monumental 1924-25 canvas from Claude Monet's final years that had never been publicly shown, fetched $56 million as part of a landmark sale of works from the secretive Schlumberger family collection.
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A high-end estate in Surrey's exclusive St. George's Hill enclave has been re-listed with a 23% price cut, the latest sign of wealthy residents offloading UK property as they relocate abroad.
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