OpenAI said it's nearing the resolution of negotiations with top shareholder Microsoft Corp. and outlining terms of at least $100 billion in equity for its nonprofit arm as it moves closer to converting into a more traditional for-profit company. Tom Mackenzie reports on Bloomberg Television. ...

The Association for Packaging and Processing Technologies’ (PMMI) 2025 Packaging State of the Industry infographic has revealed that the US packaging machinery market reached $11.3bn in sales in 2024, with a projected growth rate of 2.2% for 2025. The Canadian market, having reached $1.2bn in 2024, anticipates a 0.8% growth rate in 2025. Packaging machinery manufacturers are focusing on designing compact equipment that can integrate into existing plant spaces, handle delicate materials without damage, an ...

This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. The Friday Checkout is a weekly column providing more insight on the news, rounding up the announcements you may have missed and sharing what’s to come. Costco has become a force to be reckoned with in grocery, boasting market share gains every year for the past five years. A big reason for that is the success of the club retailer’s private label juggernaut, Kirklan ...

Alkami Technology, a US-based provider of digital sales and service platforms for financial institutions, has launched the Digital Banking Conversion Toolkit. The new toolkit is designed to support bank and credit union leadership at every stage of their digital banking conversion process. It breaks down the conversion process into five key stages: evaluation and research, requirements gathering, technical refinement, final vendor selection, and implementation and launch. Backed by research in collabora ...

Dogecoin treasury company CleanCore has appointed House of Doge CEO Marco Margiotta as Chief Investment Officer. | Credit: Pexels. Key Takeaways CleanCore recently resolved a dispute with former CEO Matthew Atkinson. Under new leadership, the company has pursued a Dogecoin treasury strategy. The firm has appointed House of Doge CEO Marco Margiotta as Chief Investment Officer. CleanCore Solutions has hired Payfare founder Marco Margiotta to oversee its Dogecoin treasury strategy. The appointment ...

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Credo saw strong adoption of AECs in its fiscal 2026 first quarter, which ended Aug. 2. Management expects "significant year-over-year growth" in sales of active electrical cables, noting that the total addressable market (TAM) for AECs could be expanding. Thanks to advances in liquid cooling and power delivery, data center operators are packing more graphics processing units (GPUs) into server racks, and they're cramming more racks together in clusters to build AI supercomputers. That means data centers ne ...

Key Points Shares of custom chipmaker Broadcom just hit an all-time high. The stock is riding the AI wave, but its biggest opportunity is still ahead. The addition of OpenAI as a customer could be a game-changer. 10 stocks we like better than Broadcom › Broadcom (NASDAQ: AVGO) has been one of the biggest winners of the artificial intelligence (AI) boom, with its stock already up nearly 50% this year and hitting new all-time highs. A move like that often raises the question of whether it's too late ...

“[Thursday’s] CPI report has been trumped by the jobless claims report,” said Seema Shah at Principal Asset Management. “If anything, the jump in jobless claims will inject a bit more urgency in the Fed’s decision-making, with Powell likely signaling a sequence of rate cuts is on the way.”The U.S. Bureau of Labor Statistics report released on Thursday showed that consumer prices rose +0.4% m/m in August, stronger than expectations of +0.3% m/m. On an annual basis, headline inflation picked up to +2.9% in Au ...