OpenAI cuts funding target by $10 billion to $20 billion – FT

The big story with insurance companies is the float. Essentially, an insurance company collects premiums, but doesn’t have to pay out any money until there are claims. It can invest that cash, called the float, until it is needed for claims. This can create a very powerful income stream. Cincinnati Financial (CINF -0.12%) and RLI…

Moving money across borders has long meant navigating a maze of intermediaries, delays, fees, and limited visibility. Stablecoins offer a fundamentally different model: transparent, real-time, low-cost payments with global reach. As a result, these digital assets have evolved from a niche crypto innovation into an important part of the global payments landscape. Many banks have…

Just the Tip: Cryptocurrency has no earnings, no dividends, and no underlying cash flow. Its value rests entirely on what someone else will pay for it later. That makes it speculation, not investing. Cap any crypto bet under 5% of your portfolio, accept you could lose it all, and never stake your retirement on it….

If you’ve been waiting for lower mortgage rates, today just might be your day. The average interest rate on a 30-year, fixed-rate mortgage dropped to 6.47% APR, according to rates provided to NerdWallet by Zillow. This is 12 basis points lower than yesterday and 14 basis points lower than a week ago. (See our chart…

The Public Company Accounting Oversight Board voted to adopt a set of amendments Wednesday that will ease the requirements of its QC 1000 quality control standard for auditing firms.  Processing Content The Securities and Exchange Commission approved the standard in 2024, requiring all registered public accounting firms to identify specific risks to their practice and…

The Magnificent 7 trade is surging back.