HSBC announced that quantum computing, tested using IBM's tool on European corporate bond data, improved order fulfillment prediction by 34% compared to traditional methods. While based on historical data, the findings suggest significant potential for trading in decentralized markets. The study, however, cautions against generalizing the results. ...
US stock indexes experienced a slight dip on Wednesday, with the S&P 500, Dow Jones, and Nasdaq all falling slightly. This marks a pause in the recent rally fueled by optimism about trade and potential Federal Reserve interest rate cuts. While some companies like Micron Technology reported strong...
Lithium Americas stock surged over 100% after the Trump administration proposed taking an equity stake in the Canadian mining company. This comes as the company renegotiates a $2.2 billion loan from the Department of Energy for its Thacker Pass lithium mine in Nevada, a crucial project for US EV...
Ford is offering special financing on its F-150 pickup trucks to boost sales before the end of the third quarter. This includes lower interest rates for consumers with subprime credit scores (below 620), aiming to increase affordability and reduce inventory. While carrying higher risk, Ford uses a proprietary model...
European shares fell slightly Wednesday morning, despite a boost to defense stocks following President Trump's comments on Ukraine. The Stoxx 600 index dropped 0.3%, while defense stocks like Saab and Hensoldt rose. Trump suggested Ukraine could regain all its territory with EU and NATO support. This follows Powell's...
A new UK government AI tool has recovered nearly £500 million in fraudulent funds, including £186 million related to Covid-19 pandemic schemes. The tool, the Fraud Risk Assessment Accelerator, identifies fraudulent activity by scanning policies for weaknesses. This success has led to the tool's licensing to other countries, including...
Eli Lilly announced a $6.5 billion investment in a new Houston manufacturing facility to boost production of its drug pipeline, including its experimental obesity pill, orforglipron. This is the second of four planned US facilities totaling over $50 billion in investment since 2020. The new plant will create 615...
US tariffs on Indian shrimp imports, initially 25% and later doubled to 50%, have devastated India's shrimp industry. This has led to massive job losses, particularly affecting women working in processing plants who earn as little as $100 a month. Around 75-85% of Andhra Pradesh's shrimp exports went...
Morgan Stanley plans to offer retail crypto trading through E-Trade by the first half of 2026. The firm, partnering with Zerohash, will initially offer Bitcoin, Ether, and Solana trading. This move follows earlier offerings of Bitcoin funds and reflects a broader industry trend of embracing digital assets. Morgan Stanley...
Crypto infrastructure firm Zerohash secured $104 million in Series D funding, achieving a $1 billion valuation. The round was led by Interactive Brokers, with participation from Morgan Stanley, SoFi, and Apollo. Zerohash provides blockchain-based solutions for crypto trading, stablecoins, and tokenization to financial institutions. This funding will accelerate...
