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Ford to Take $19.5 Billion Hit as It Scales Back Electric Vehicles

Ford will take $19.5 billion in charges as it scales back certain electric vehicle (EV) models, shifting focus to hybrid and gas-powered vehicles. The company...

Crypto Market Correction: $527M Liquidations Amid Rising AI Debt Risks

Cryptocurrency market correction occurred with Bitcoin retesting $85,000 and Ether declining to $2,900.Over $527 million in leveraged crypto positions were liquidated within 24 hours,...

PayPal Applies to Launch Its First U.S. Bank for Small Business

Paypal Holdings has applied to open its first physical U.S. bank, chartered in Utah as an industrial loan company.The proposed bank would focus on...

Crypto Stocks Dive as Market Liquidations Hit BTC, ETH, Solana

Shares of Coinbase (COIN), Strategy (MSTR), and other crypto stocks dropped due to increased liquidations in the cryptocurrency market.Leading cryptocurrencies like Bitcoin (BTC), Ethereum...

Mattel Delays OpenAI Partnership Product Launch Past 2025 Target

Mattel has delayed the announcement of its first product in partnership with OpenAI beyond the originally planned 2025 date. The initial product, focused on using...

Nvidia Unveils Faster AI Models Amid H200 Chip Demand Rally

NVIDIA launched a new open-source AI model family, promising faster, cheaper, and smarter performance.The company is assessing expanding production of its high-demand H200 AI...

Nvidia Acquires SchedMD to Integrate Slurm With AI Ecosystem

NVIDIA has acquired SchedMD, the company behind the open-source workload management system Slurm, to enhance its AI software ecosystem. Slurm will remain open-source, and NVIDIA...

Aave Ownership Dispute Erupts Between DAO and Labs Entities

A dispute is ongoing within the Aave DeFi community about control and revenue between Aave Labs and the Aave DAO.Revenue from in-platform token swaps...

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IBM Revenue Beats on Mainframe Recovery, Ups Cash View

IBM reported third-quarter revenue of $17.1 billion, surpassing analyst expectations of $16.83 billionThe company recovered roughly two-thirds of delayed...

Crypto PAC Defend American Jobs spends $24M in Ohio

Crypto-backed Super PAC Fairshake transferred over $24 million to its affiliate Defend American Jobs in September.Defend American Jobs spent...

Tether invests in Bolivian fintech Peso for USDT expansion

Tether led a pre-seed investment in Bolivian fintech Peso to expand USDT payment infrastructure across Latin AmericaPeso has integrated...

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