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Nearly half of firms lag in tech modernization despite AI-driven urgency, says global survey.
A global survey of 2,000 business and tech leaders reveals nearly half of organizations are behind schedule on IT modernization, despite AI-driven demand making it a top priority. The report highlights that AI adoption now surpasses cost-cutting and ...
IBM launches self-hosted AI software development platform for secure, on-premises use.
IBM announced a self-hosted deployment option for its AI software development platform, IBM Bob, enabling organizations to run AI-powered software development and modernization within their own controlled environments such as on-premises, private clo...
US Treasury to auto-create Trump Accounts for 73M kids, expanding investment access under new tax law
The US Treasury and IRS will automatically create Trump Accounts for about 73 million eligible children, expanding a program started under the 2025 tax law signed by President Trump. These accounts, designed to increase investment participation, will...
Iran faces economic collapse as currency crashes and oil exports halt amid sanctions and dwindling cash reserves.
Iran's economy is on the brink of collapse, with its currency plunging to 2.5 million rials per dollar, signaling hyperinflation similar to Germany's Weimar Republic. Treasury Secretary Scott Bessent warns Iran will run out of cash within two weeks d...
United Rentals grows specialty segment, reducing housing cycle risk and boosting Q2 revenue.
United Rentals is shifting its business mix toward specialty rentals, which now make up a larger share of its total rental revenue. This change reduces the company's exposure to the volatile housing cycle, enhancing business stability. The Q2 2026 re...
South Korea to invest $200B in US energy projects including nuclear and LNG.
South Korea plans to invest up to $200 billion in U.S. energy infrastructure, including nuclear power plants, a natural gas facility in Texas, and potentially the Alaska LNG project. The Alaska LNG participation is not finalized due to commercial via...
S&P 500 dips 0.25% despite softer PCE data; Fed likely holds rates in October
The S&P 500 initially rose on softer-than-expected PCE inflation data but closed down 0.25% at 7,651.54 as Treasury yields climbed. The core PCE inflation rate fell to 3.0%, mainly due to changes in calculation methods, and does not yet reflect recen...
Apple absent from Trump's AI summit, but insiders say it's not a concern.
Apple was notably absent from a White House meeting hosted by President Donald Trump with top tech CEOs to discuss artificial intelligence. Despite no Apple executives attending, insiders like Altimeter Capital CEO Brad Gerstner downplayed the absenc...
US must invest in skilled trades to fill 1.7M jobs yearly and stay competitive, says Ford CEO.
Ford CEO Jim Farley warned that the US is falling behind global competitors like Germany, China, and South Korea due to underinvestment in skilled trades such as construction, manufacturing, and transportation. A new report projects the US will need ...
Ionic Rare Earths plans AIM listing to boost UK presence and rare earth magnet recycling growth
Ionic Rare Earths Ltd is preparing to list on London’s AIM market in Q4 2026 to expand its UK footprint and advance its rare earth magnet recycling technology. The Belfast recycling facility, developed by its subsidiary Ionic Technologies, is central...
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