Investor Brad Gerstner warns that OpenAI's recent deals with Nvidia and AMD are merely announcements, stressing that actual chip deployments are yet to be seen. He highlighted the "compute-constrained" reality of the AI landscape, with demand outstripping supply. This intensifying competition extends globally, with China's DeepSeek posing a national security...
Constellation Brands, the owner of Modelo, surpassed analyst expectations in its fiscal second-quarter earnings, reporting adjusted earnings per share of $3.63 and revenue of $2.48 billion. Despite beating forecasts, the company reaffirmed its lowered full-year guidance due to persistent macroeconomic challenges impacting consumer demand. Shares saw a slight increase in...
Adobe Analytics predicts U.S. online holiday sales will reach $253.4 billion, a 5.3% increase. Cyber Monday and Black Friday are expected to see significant growth, driven by discounts and consumer demand for AI-powered shopping tools. Mobile devices will continue to dominate online spending, while buy now, pay later services and...
Online holiday spending in the U.S. is projected to increase by 5.3% to $253.4 billion, driven by consumer demand for discounts and the growing use of AI chatbots. While this represents growth, it is slower than the previous year and below the 10-year average. Adobe's report indicates consumers are motivated...
Fifth Third Bancorp is acquiring Comerica for $10.9 billion in an all-stock deal, expected to close in Q1 2026. The merger will establish the ninth-largest U.S. bank with approximately $288 billion in assets. Both CEOs expressed optimism about enhanced capabilities and market reach. The news also boosted the SPDR S&P...
The UK government has unveiled major reforms to the house-buying system, aiming to reduce costs, delays, and failed sales. Key changes include mandatory upfront property information for sellers and estate agents, potentially saving buyers hundreds of pounds and weeks in transaction time. The proposals also introduce binding contracts to halve...
Foster Poultry Farms is recalling over 3.8 million pounds of chicken corn dogs due to wood fragments found in the batter, which has caused at least five injuries. The affected products were manufactured between July 30, 2024, and August 4, 2025, and sold under various names. Consumers are advised not...
American Express is increasing the annual fee for its Platinum card from $695 to $895, adding new benefits like credits for Resy, Lululemon, and Uber One. While Amex aims to retain its customer base, particularly younger demographics, the fee hike is prompting cardholders to re-evaluate the card's value. Experts suggest...
AI investment is rapidly reshaping venture capital, with projections indicating it will surpass 50% of all VC funding by 2025. This year alone, VCs have invested $192.7 billion in AI, representing a significant portion of total investments. Recent quarterly data shows AI commanding over 60% of US VC...
Billionaire David D. Halbert has built a private, "no-budget" 18-hole golf course in Texas, designed by Tom Fazio. Halbert National, costing around $50 million and on 170 acres, is exclusively for his friends and family. Halbert actively influenced Fazio's designs, adding features like a 30-foot hill and a surfaced stream....
