Fiserv completed its acquisition of StoneCastle Cash Management and will integrate the company’s institutional deposit network with the Fiserv ecosystem.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.This integrat ...

Billionaire Elon Musk on Wednesday said that while the Trump accounts that are set to launch next year are a nice gesture, he doesn't think saving money will be necessary with "universal high income" set to prevail in the future. Musk replied to a post by investor Ray Dalio, who announced he was following Michael and Susan Dell in donating funds to help seed so-called Trump accounts, which are new savings and investment accounts created by the One Big Beautiful Bill Act for newborns and young Americans."It ...

President Trump will address the nation tonight with a very important speech. I sincerely hope he looks forward more than backward. What do I mean by that? He has a fabulous list of achievements in his first year. Most notably, closing the border and stopping illegal immigration. Passage of the one big, beautiful bill, with its pro-growth supply side tax cuts, deregulation, drill, baby, drill, as well as other elements. This was a major achievement. Virtually single handedly, he has changed the culture by p ...

Shares in Japan and Australia dropped along with equity futures for Hong Kong. The tech-heavy Nasdaq 100 declined 1.9% Wednesday with Nvidia Corp. slipping 3.8% to its lowest since September. The S&P 500 slid 1.2% to levels not seen in three weeks, breaching its 50-day moving average.Bitcoin was caught in the souring sentiment, falling more than 2% Wednesday, before retracing some of this week’s losses at Thursday’s open. US futures were fractionally higher after Micron Technology Inc., the largest US make ...

Core Viewpoint - The article discusses the potential risks and concerns surrounding recent investment deals in the AI sector, particularly focusing on OpenAI and its relationship with Amazon, suggesting that these deals may resemble problematic financial practices from the dot-com era [5][19]. Investment Deals - OpenAI is reportedly in talks to raise at least $10 billion from Amazon, which would be used to purchase Amazon's AI chips, raising questions about the sustainability of OpenAI's financial health given its stretched balance sheet [7][8]. - The nature of the deal is compared to "lazy Susan deals," where funds are cycled back to the investor in a way that may not reflect genuine financial health [19][24]. Market Reactions - The Dow dropped 228 points, the S&P fell 1.16%, and the NASDAQ declined 1.81%, indicating a negative market sentiment towards tech stocks, particularly those involved in AI [6]. - Oracle's stock has significantly declined, falling over 5% to around $178, down from an all-time high of $345, as concerns about its relationship with OpenAI grow [16]. Financial Discipline - Blue Owl Capital has refused to back a $10 billion deal for an Oracle data center, highlighting a trend towards more disciplined investment strategies in the face of inflated valuations and risky deals [12][13]. - The article emphasizes the need for financial discipline in the industry, suggesting that companies should avoid reckless spending and focus on sustainable growth [22]. Valuation Concerns - There is skepticism about OpenAI's $500 billion valuation, with indications that the AI market may be becoming commoditized and that OpenAI lacks a competitive moat around its flagship product, ChatGPT [11][20]. - The article suggests that the AI industry may need to reassess the value of companies like OpenAI if financial discipline is exercised across the board [21].

On October 1, ET had reported that MUFG was in advanced talks to take a 20% stake in India's second largest non-banking finance company (NBFC), Shriram Finance, for about ₹23,200 crore ($2.6 billion). If the deal fructifies, it would be the biggest strategic investment by an overseas lender in the Indian NBFC. However, valuations have since climbed as investors have poured money into the stock in anticipation of the deal. From ₹616 a piece at the end of September 30, the Shriram stock has risen more than ...

Core Viewpoint - An activist investor is advocating for Jane Nielsen, a former executive at Ralph Lauren, to become the new CEO of Lululemon [1] Company Summary - The activist investor's push for a leadership change indicates a potential shift in Lululemon's strategic direction [1]

Core Viewpoint - Adobe's extensive use of AI technology has led to a lawsuit claiming the company used pirated books to train its AI model, SlimLM, raising concerns about copyright infringement in the tech industry [1][2]. Group 1: Lawsuit Details - A class-action lawsuit has been filed by author Elizabeth Lyon, alleging that Adobe utilized pirated versions of her books to train the SlimLM program [2]. - The lawsuit claims that SlimLM was pre-trained on the SlimPajama dataset, which is derived from the RedPajama dataset that includes copyrighted works [3][4]. - The Books3 dataset, which contains 191,000 books, has been a focal point in legal disputes regarding the use of copyrighted material in AI training [4]. Group 2: Industry Context - The tech industry is facing increasing legal challenges related to the use of copyrighted materials in AI training datasets, with several companies, including Apple and Salesforce, being implicated in similar lawsuits [4][5]. - The case against Anthropic, which resulted in a $1.5 billion settlement for using pirated works, highlights the potential for significant financial repercussions in these legal battles [5].

The Woodside Energy Group Ltd (ASX: WDS) share price has fallen around 2% after announcing its CEO is resigning and moving to a major competitor.Woodside was established in 1954 and has grown to become a global oil and gas company. It operates across the energy supply chain with exploration, development, production and supply of oil and natural gas. In June 2022 Woodside merged with the petroleum segment of BHP Group Ltd (ASX: BHP).Woodside CEO leaves to join major competitorToday, the company announced tha ...

Back when I first covered Kite Realty Group Trust ( KRG ), I highlighted their high-quality, strong occupancy and attractive leasing spreads, with the potential to benefit from rate cuts and the current market’s dynamics, but theAs of 2025, I've got over 10 years of researching companies. In total, throughout my investing life, I estimate that I researched (in depth) well over 1000 companies, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks ...