Business News - Page 118 of 175

SWIFT Blockchain Ledger Goes Live With HSBC (HSBC), Citi (C) And 15 Other Banks, Threatening XRP And XLM Cross-Border Dominance

Thomas ShelterJuly 10, 202605 mins

SWIFT has officially launched its blockchain-based shared ledger, with 17 major banks from six continents preparing to pilot live cross-border payment transactions. The initial group includes Citi, HSBC, Standard Chartered, UBS, Wells Fargo, BNY, BNP Paribas, DBS, Lloyds Bank, MUFG Bank, OCBC, UOB, ANZ, First Abu Dhabi Bank, FirstRand Bank, Itaú Unibanco, and Mashreq. The…

ASTS Stock Heads For Worst Week In Over A Month As FCC Chair Touts SPCX And AMZN Satellite-To-Cell Competition

Anthony SinclairJuly 10, 202605 mins

Shares of AST SpaceMobile (ASTS) are on track for their worst weekly performance in over a month amid intensifying competition in the satellite-to-cell market. ASTS stock slipped 1% on Thursday to close at $73.88, leaving it down 13% for the week and drawing fresh scrutiny from investors watching the broader satellite sector. FCC Chairman Brendan…

RTX (RTX) Deepens NATO Ties With European Missile Production Push And Diehl Defence Partnership

Thomas ShelterJuly 10, 202604 mins

RTX, operating through its Raytheon division, is significantly expanding missile production capacity across Europe to meet growing NATO and allied defense requirements. The company is actively working alongside European partners to qualify new suppliers and strengthen the broader missile supply chain infrastructure. Central to the expansion are plans to double Stinger missile output in partnership…

Meta (META) Shares Surge As Custom AI Chip And Agentic Coding Model Calm Investor Spending Worries

Anthony SinclairJuly 10, 202604 mins

Meta Platforms (META) is winning back investor confidence after a series of significant artificial intelligence developments this week rattled then reassured Wall Street. Shares of Meta climbed 4.7% on Thursday after the company unveiled Muse Spark 1.1, an agentic coding model the company says is comparable to leading benchmarks from OpenAI and Anthropic. The launch…

AI Investment Dwarfs Dot-Com Era, Raising Fears Of A Crisis Four Times Larger

Thomas ShelterJuly 9, 202604 mins

Global financial markets are facing risks that could dwarf previous crashes, with AI investment alone running roughly 17 times higher than the 2000 dot-com boom. The dot-com collapse and the 2008 subprime housing crisis caused estimated losses of $5 to $6 trillion and $15 to $20 trillion respectively, setting a grim benchmark for what another…

Junior Employee Saves Company Six Figures By Harnessing AI Tools

Anthony SinclairJuly 9, 202603 mins

“Some of the best ideas can come from anywhere in the organization.” That single insight captures what has become a defining story of AI adoption in the modern American workplace in 2026. A junior employee at a company was able to identify and implement an AI-driven solution that ultimately saved the business six figures, a…

Federal Reserve Taps Former Walmart (WMT) CEO And Harvard Economists To Overhaul Real-Time Economic Data

Thomas ShelterJuly 9, 202605 mins

The Federal Reserve has announced the leaders of five outside task forces formed by Chairman Kevin Warsh to drive sweeping reforms at the central bank. The panels bring together an unusually diverse group of figures from finance, academia, and the corporate world, reflecting Warsh’s deliberate push to open the institution to outside voices. Among the…

D-Wave Quantum (QBTS) Pulls Ahead Of Rigetti Computing (RGTI) As The Stronger Quantum Stock Buy

Anthony SinclairJuly 9, 202603 mins

D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) remain two of the most closely watched pure-play quantum computing stocks available to retail investors today. The two companies differ significantly in their underlying technologies, which shapes their respective market opportunities and near-term commercial viability. Rigetti Computing relies on superconducting technology, a method that cools particles to near…

Rackspace (RXT) Shares Drop 4% As Company Slashes 2026 Revenue Forecast By $150 Million

Thomas ShelterJuly 9, 202604 mins

Rackspace Technology (RXT), an AI infrastructure solutions provider, saw its shares tumble approximately 4% in premarket trading Thursday following a significant downward revision to its full-year 2026 financial outlook. The company cited supply constraints and resource prioritization as factors likely to weigh on near-term growth, rattling investor confidence ahead of the market open. Rackspace now…

Hidden VXN-VIX Divergence Signals Growing Danger For Nasdaq Bulls

Anthony SinclairJuly 9, 202604 mins

The VIX has pulled well back from its March highs and is sitting in the mid-teens, a level that traditionally signals calm has returned to markets. Most casual observers read that number as confirmation that the worst is behind us and that the bull market remains firmly intact. But options traders looking beneath the surface…