Bank of America Brings In 1,000 Contractors to Patch AI-Found Software Flaws
Finding software flaws has become the easy part for America’s biggest banks. Fixing them is proving slow, labour-intensive and expensive. Bank of America has brought...
Month : October 2026
Wall Street Rotates Into Blue Chips as Dow Hits One-Month High and Chip Stocks Slide Again
US stocks finished Thursday higher, but the gains came from an unusual direction. Investors turned away from the technology names that have led the market...
Taiwan to Make AI Chip Smuggling to China a Criminal Offence
Taiwan is preparing to treat the smuggling of advanced artificial intelligence hardware to China as a crime, a significant tightening of its export rules that...
Lufthansa Eyes Full Control of TAP Air Portugal After Winning First-Stage Bid
Lufthansa has taken a decisive step toward becoming the owner of Portugal’s national airline. Within a day of winning the first round of TAP Air...
Warsh Keeps Fed’s Rate Options Open as Hot Inflation Data Fuels Hike Bets
Federal Reserve Chair Kevin Warsh declined on Friday to say whether the US central bank will raise interest rates again this month. This came just...
Bank of America Hit With More Than $1.2 Billion in Penalties Over Anti-Money-Laundering Failures
Bank of America has been hit with more than $1.2 billion in US penalties after regulators said it failed for years to report suspicious transactions...
Wall Street Banks Open Earnings Season With a Split Verdict as Goldman and Citi Beat, JPMorgan Misses
Earnings season opened on Wall Street with a mixed verdict. Four of America’s biggest banks reported third-quarter numbers on Tuesday. Two clearly beat forecasts, one...
Chinese Memory Chipmaker CXMT Rattles Global Markets With Server Chip Ambitions
Shares in the world’s leading memory chipmakers fell for a second straight session on Tuesday, after a little-known Chinese rival said it is moving into...
Hyundai Commits $15.5 Billion to India as It Seeks to Win Back Ground in a Booming Car Market
Hyundai Motor Group has pledged $15.5 billion to India over the next seven years. It is one of the largest single commitments by a foreign...
US Inflation Report Lands as Traders Bet the Fed Will Pause Before Raising Rates Again
Wall Street has spent the past two weeks watching two numbers: the yield on the 10-year Treasury note and the price of crude oil. On...