Business

Cognition’s AI coding agent Devin has scored a major customer: Goldman Sachs, the bank’s CIO, Marco Argenti, told CNBC. “We’re going to start augmenting our workforce with Devin, which is going to be like our new employee,” Argenti told the outlet, adding that it plans to roll out hundreds of instances of Devin, potentially growing to thousands. The bank currently …

In brief Bitcoin hit new highs on Thursday and Friday. Coinbase, major miners, and a number of Nasdaq-listed crypto companies also shot up. BlackRock’s spot Bitcoin exchange-traded fund hit a record high during the week. The share prices of crypto-focused companies jumped this week amid the wider market upturn that sent Bitcoin to multiple all-time highs and despite a lull …

Exclusive | Kraft Heinz Is Planning a Breakup  The Wall Street Journal Kraft Heinz explores grocery business spinoff worth up to $20 billion, source says  Yahoo Finance Kraft Heinz is reportedly weighing a breakup. Some analysts have already said it should ‘slim down.’  MarketWatch Kraft Heinz Is Preparing to Break Itself Up  Bloomberg Kraft Heinz Might Split Up, Report Says. What Investors Need to …

Kraft Heinz is reportedly considering a spinoff of a large chunk of its grocery business as health-conscious American consumers increasingly shy away from processed foods.  The $31 billion food and beverage conglomerate, born out of the 2015 merger of Kraft and Heinz, is said to be mulling the creation of a new entity that would include many Kraft products and …

In brief House Democrats are split on how to approach several votes on crypto legislation set for next week. Some are intent on vocally tying the bills to President Trump’s personal crypto ventures and perceived conflicts of interest. Other Democrats are likely to support the legislation, but in lesser numbers than last year, when a similar bill passed the House. …

Kraft Heinz explores grocery business spinoff worth up to $20 billion, source says  ReutersView Full Coverage on Google News Source link

U.S. posts surprise $27 billion budget surplus in June, boosted by tariffs  Investing.com Treasury posts unexpected surplus in June as tariff receipts surge  CNBC US customs duties top $100 billion for first time in a fiscal year  Reuters US budget deficit widens but customs receipts surge on tariffs  Free Malaysia Today Customs duties top $100B for first time in a fiscal year  Honolulu Star-Advertiser Source …

NEW YORK (AP) — Walmart is recalling about 850,000 stainless steel water bottles because the lid can “forcefully eject” and unexpectedly strike consumers — resulting in permanent vision loss for two people to date. The recall covers Walmart’s “Ozark Trail 64 oz Stainless Steel Insulated Water Bottles,” which have been sold at the chain’s stores across the country since 2017. …

BATON ROUGE — A water bottle sold by Walmart has been recalled after multiple customers “suffered permanent vision loss after being struck in the eye” by the bottle’s lid. The Consumer Product Safety Commission said that the Ozark Trail 64-ounce stainless steel insulated water bottles sold by Walmart since 2017 have been the subject of several reports where people were …

The latest version of Elon Musk’s artificial intelligence chatbot Grok is echoing the views of its billionaire creator, so much so that it will sometimes search online for Musk’s stance on an issue before offering up an opinion. The unusual behavior of Grok 4, the AI model that Musk’s company xAI released late Wednesday, has surprised some experts. Built using …