Business

Asia-Pacific markets end the day mixed Asia-Pacific markets ended the day mixed Tuesday. Hong Kong’s Hang Seng Index rose 0.54% to close at 25,130.03, while mainland China’s CSI 300 index increased by 0.82% to 4,118.96. Japan’s Nikkei 225 benchmark pared earlier gains and ended the day down 0.11% to close at 39,774.92, while the broader Topix index was flat at 2,836.19. Meanwhile, South Korea’s Kospi index dropped 1.27% …

The founders of Windsurf, the now much-talked-about AI startup, are having a roller coaster couple of weeks. Varun Mohan and Douglas Chen nearly struck a deal to sell the company to OpenAI for $3 billion before it suddenly fell through. Then, the two decamped to Google DeepMind, leaving the rest of the company scrambling. Windsurf’s remaining executives struck a deal with …

UK and ChatGPT maker OpenAI sign new strategic partnership  Reuters OpenAI and UK sign deal to use AI in public services  BBC OpenAI signs deal with UK to find government uses for its models  The Guardian OpenAI and UK sign new AI agreement to boost security, infrastructure  CNBC OpenAI and UK Government announce strategic partnership to deliver AI-driven growth  OpenAI Source link

In brief Trump Media announced on Monday that it had purchased $2 billion in Bitcoin. The publicly traded firm unveiled its Bitcoin acquisition strategy in May. Shares of Trump Media are up roughly 6% following the announcement. Trump Media & Technology Group has purchased $2 billion in Bitcoin and BTC-related securities for its corporate treasury, the company said Monday in …

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Is public WiFi dangerous? AFP via Getty Images Republished on July 22 with additional analysis of the unsecured network threat. Holiday season is now upon us. And as we head to airports across the U.S. and overseas, the Transportation Security Administration (TSA) has issued new warnings for all smartphone (and PC) users to stay safe and secure at airports while …

Follow the money is an age-old adage for reporters and businesses alike. The CEO of the internationally-renowned burger joint In-N-Out, however, is taking a different approach – moving her family from California, where the chain boasts 276 locations, to Tennessee, where it has zero. Billionaire heiress and CEO Lynsi Snyder, granddaughter of In-N-Out’s founders, publicly announced the relocation during a …

Billionaire In-N-Out Heiress Lynsi Snyder Reveals She’s Quitting California for Tennessee: ‘It’s Not Easy Here’  Realtor.com ‘Raising a family is not easy here’: In-N-Out CEO says she is leaving California  The Guardian In-N-Out billionaire Lynsi Snyder says her family will leave California along with the company’s headquarters: ‘Doing business is not easy here’  Yahoo Finance In-N-Out CEO makes major announcement, talks expansion plans  ktla.com …

Bessent calls for deeper US bank regulatory reforms, scrapping dual capital requirements  Reuters Wall Street to trump Main Street with new bank rules  Financial Times The new proposal to adjust GSIB leverage ratios is progress — but it may not go far enough. In his latest BankThink, Allen Puwalski, CFA – Managing Partner & CIO at Cybiont Capital, LLC explains why excluding …

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Sarepta Therapeutics said on Monday that it will pause all shipments of its Elevidys gene therapy in the United States after a muscular dystrophy patient who received a different, experimental treatment died. U.S. regulators on Friday asked Sarepta Therapeutics to voluntarily halt shipments of its gene therapy. However, the company …