Bank of America Hit With $1.2 Billion Penalty Over Money-Laundering Failures
Bank of America faces about $1.21 billion in combined penalties and settlements after regulators found failures to report suspicious activity and enforce sanctions.
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Alibaba Launches $450 Qwen AI Glasses in Consumer Hardware Push
Alibaba’s Qwen Glasses N1 go on sale in China from 2,999 yuan, with eye tracking on the Pro model and new Bose-developed Qwen Clip earbuds extending...
BYD’s Denza Eyes European Car-Finance Unit to Challenge BMW and Mercedes
BYD’s premium Denza brand could launch its own European car-finance operation in 2027, using leasing and loan offers to challenge BMW and Mercedes-Benz.
Coinbase Co-Founder Fred Ehrsam Bets on Venezuela’s Oil Revival
Fred Ehrsam is backing Primavera with his own money as the startup prepares to operate Venezuelan oil fields, Bloomberg reports, bringing crypto wealth into crude production.
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S&P and Kaiko Bring Tokenized Bond Benchmark Into First Canton OTC Swap
DRW and Marex execute a swap on Canton using S&P’s tokenized iBoxx bond benchmark, connecting licensed data and trade valuation through Derivnex.
Morgan Stanley Targets Q1 2027 for Tokenized Stock Trading
Morgan Stanley now expects tokenized-equities support in Q1 2027, as product availability and market infrastructure push its earlier timetable back.
Geely Expands European Push With Three-Brand Paris Motor Show Debut
Geely brings Geely Auto, Lynk & Co and Zeekr to Paris after European monthly sales top 10,000, with new hybrid models and 2027 SUV deliveries ahead.
Microsoft Unveils Maia 300 to Make Its Own Chips Central to AI Inference
Microsoft plans multi-gigawatt Maia deployments from 2027, aiming to lower AI inference costs while continuing to use Nvidia and AMD for training.
Missed Debt Payments Hit Highest Level Since 2010, Fed Finds
The Fed’s 2025 survey shows rising payment difficulties despite gains in household wealth, highlighting pressure on American family budgets.
Alex Karp Sees an AI Edge for Trades and Neurodivergent Workers
Palantir CEO Alex Karp’s career outlook puts skilled trades and unconventional thinking in focus as families weigh training costs and AI-driven hiring changes.
Slush Unveils 20 Under 20, Spotlighting Teenage Founders and Career Paths
Slush’s debut 20 Under 20 cohort highlights young builders, while raising questions about education, startup funding and the timing of a career.
Netflix Stock in Focus as Puck Reports Planned 5% Job Cut
Netflix shares edged lower as Puck reported a planned 5% workforce cut, putting costs, margins and the October 20 earnings outlook in focus.
Nasdaq CEO Says Tokenization Could Free Tens of Billions in Capital
Adena Friedman sees a major opportunity in moving collateral more efficiently, but continuous markets will require new risk and settlement systems.