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Veteran investor Jordi Visser says AI’s easy-money phase is ending as heavy spending squeezes Big Tech cash, creating a possible crypto rotation led by Ethereum (ETH) over Bitcoin (BTC). Key Points: Big Tech’s largest AI spenders reported sharply weaker quarterly free cash flow as infrastructure cos

Elon Musk's X Money opened to U.S. Premium and Premium+ subscribers Monday with a 6% deposit yield, a metal Visa card and no crypto support. Key Points: X Money went wide on Jul. 27 for U.S. Premium and Premium+ subscribers, ending an invite-only beta. Deposits sit at Cross River Bank, insured to $2

IBM shares plunged more than 20% in premarket trading on Tuesday, Jul. 14, after the company warned that second-quarter revenue of $17.2 billion will miss Wall Street estimates. IBM expects second-quarter revenue of $17.2 billion and adjusted earnings of $2.93 per share, both below analyst forecasts

Stock futures traded mixed early Tuesday after Brent crude's 9.6% surge on a renewed U.S. blockade of Iranian shipping rattled Wall Street ahead of bank earnings and inflation data. Key Points: Brent crude jumped 9.6% Monday, its biggest one-day gain since May 2020, after Washington reinstated its b

OpenAI is hiring an investment-banking expert to help train its AI systems for Wall Street work, a move aimed at finance clients. Key Points: OpenAI is recruiting a banking specialist for its Applied AI team in San Francisco. The role pays $185,000 to $205,000 in base salary, with equity on top. The