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Morgan Stanley Predicts New All-Time Highs for S&P 500 Amid Weaker US Dollar, Better Earnings Revisions, Incoming Fed Rate Cuts and More

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Apollo Launches $785 Billion AUM Tokenized Credit Fund ACRED on Solana DeFi With Drift Institutional and Kamino Finance
Apollo Global Management, which manages $785 billion in assets under management (AUM), is launching its tokenized credit fund, ACRED, on the Solana blockchain...

Google Unveils AI Tools to Help Brands, Retailers Drive Commerce Growth
Google on Wednesday (May 21) unveiled a slew of artificial intelligence (AI)-powered tools to help brands drive growth in shopping and ad effectiveness. “The future of advertising fueled by AI isn�...

Whoops: Chicago Sun-Times Publishes ‘AI’ Generated ‘Summer Guide’ Full Of Made Up Recommended Books, Nonexistent People
The rushed adoption of half-cooked automation in America’s already broadly broken media and journalism industry continues to go smashingly, thanks for asking. U.S. media companies have long been at ...

OpenAI Texas Data Center Lands $11.6 Billion in Funding Commitments
One of OpenAI’s future data centers has reportedly secured $11.6 billion in funding commitments. The center, set to become the ChatGPT maker’s largest, is being constructed in the Texas community ...

Hong Kong advances stablecoin legislation introducing new rules for issuers
Hong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub for digital finance. On May 21, Hong Kong lawmaker Johnny Ng c...

Circle Seeking at Least $5,000,000,000 for Coinbase Acquisition, Potentially Nixing IPO Plans: Report
Ripple and Coinbase have both reportedly participated in informal talks to acquire the stablecoin issuer Circle. Fortune, citing four anonymous banking and private equity executives, reports that Circ...

Target Reports Sales Drop as Consumers Focus on ‘Needs-Based Categories’
Target reported a 3.8% decrease in comparable sales for the first quarter and said it expects to see a low single-digit decline in sales for fiscal 2025. “In the first quarter, our team and our busi...

Coalition Asks US House to Reject Freeze on State AI Regulations
More than 140 organizations are asking U.S. House leaders to reject a proposed 10-year freeze on state-level regulation of artificial intelligence (AI), saying it would remove corporate accountability...

Big Tech’s Enterprise Cloud Launches Move AI From Feature to Framework
Dynamic and uncertain times can help build nimble companies. Modern finance, IT and treasury departments are under pressure to manage a range of workloads. From traditional applications like virtual m...

Worldpay Brings Domestic Acquiring Capabilities to Colombia
Payments tech firm Worldpay says it now offers domestic acquiring capabilities in Colombia. It’s part of an ongoing expansion into Latin America, with Worldpay supporting some of the largest merchan...