Author: Jeffery Carter

German borrowing costs soarThe yield on Germany’s 10-year government bonds — known as bunds — surged on Wednesday, adding 21 basis points by 11:14 a.m. London time.Shorter-term government borrowing costs also rose, with yields on 2- and 5-year bunds climbing 14 and 19 basis points higher, respectively.It came after German lawmakers from parties widely expected to form a new coalition government agreed to work to reform the country’s debt brake rule in a bid to allow an increase in national defense spending.— Chloe TaylorLSEG CEO says listing challenges a global problemLondon’s listing problem isn’t limited to the capital, with weakness…

By Ross Kerber and Utkarsh Shetti (Reuters) – Deere (DE) investors voted overwhelmingly against a resolution aimed at its diversity, equity and inclusion efforts on Wednesday, continuing a pattern of shareholder distaste for anti-DEI measures despite Republican political pressure on executives. During a webcast of its annual meeting, executives with the farm equipment maker said only 1.3% of votes cast were in support of a resolution calling on the company to report on racial and gender hiring statistics “to prove it does not practice discrimination.” The resolution was filed by the National Legal and Policy Center, a conservative-leaning Washington think…

Apple Intelligence is heading to the Vision Pro as part of an upcoming operating system update. Apple confirmed on Friday that its generative AI platform will arrive on the extended reality headset as part of visionOS 2.4. A beta version of the software is currently available for developers. The public version is set for an April release. Like the iPhone and Mac before it, the Vision Pro will receive Apple Intelligence updates in waves. The first set includes several familiar offerings, focused primarily on generating text and images. The company sees the addition of features like Rewrite, Proofread, and Summarize…

The Paramount Global headquarters in New York on Aug. 27, 2024.Yuki Iwamura | Bloomberg | Getty ImagesParamount Global told its employees this week that it’s ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC.In the memo sent to employees Wednesday, Paramount said it would comply with President Donald Trump’s executive order banning the practice in the federal government and demanding that agencies investigate private companies over their DEI programs.Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins cited the executive order in the memo, as well as the Supreme Court and federal mandates, as the impetus…

President Donald Trump’s plan to pull federal funding from institutions that provide gender-affirming care for transgender youth will remain blocked on a long-term basis under a federal judge’s ruling in Seattle late Friday.U.S. District Court Judge Lauren King previously granted a two-week restraining order after the Democratic attorneys general of Washington, Oregon and Minnesota sued the Trump administration — Colorado has since joined the case.King’s temporary order expired Friday, and she held arguments that day before issuing a preliminary injunction blocking most of Trump’s plan pending a final decision on the merits of the case. She rejected a portion of…

Who: India vs New ZealandWhat: ICC Champions Trophy 2025Where: Dubai International Stadium, Dubai, United Arab EmiratesWhen: Sunday, March 2 at 1pm (09:00 GMT)Follow Al Jazeera’s live coverage. India and New Zealand booked their Champions Trophy semifinal spots early in the 50-over tournament and will clash on Sunday in Dubai, with the winner topping Group A. South Africa topped Group B and will face the loser of Sunday’s match, while Australia finished second in that group and will face the winner of the final match of the group stage. India will come into the match after a six-day game break since…

A customer shops at a Costco store in San Francisco.Justin Sullivan | Getty ImagesWith sweeping U.S. tariffs going into effect, more Americans are concerned about the cost of goods and the possibility that prices will rise further in the months ahead.Those fears are causing some consumers to spend even more than they would otherwise.To that point, 19% of adults indicate they are “doom spending,” or making impulsive purchases driven by fear and anxiety about the future, according to a recent report by CreditCards.comMore from Personal Finance:How IRS layoffs could impact your tax filing, refundAs tariffs ramp up, here’s an investment optionDOGE’s FDIC…

Stripe announced a tender offer for employees and shareholders on Thursday that values the payments startup at $91.5 billion, the closest the company has been to its peak valuation of $95 billion in 2021.”We very much care about providing good liquidity for employees and existing shareholders,” Stripe co-founder and President John Collison told CNBC’s Andrew Ross Sorkin in an interview on “Squawk Box.”As for the company’s long-awaited public market debut, Collison said, “We are not dogmatic on the public vs. private question,” and “have no near-term IPO plans.”Stripe also revealed in its annual letter on Thursday that it generated $1.4 trillion…

picture alliance / Contributor / Getty Images Axon Enterprise posted fourth-quarter earnings that topped analysts’ estimates. The Taser maker also offered a strong outlook on demand for its defense products. Axon shares soared following the results and have nearly doubled in value over the last year. Axon Enterprise (AXON) shares soared Wednesday on the company’s better-than-expected earnings and strong outlook on growing demand for its Taser 10 weapon, portable cameras, and premium subscriptions. The defense products manufacturer posted adjusted fourth-quarter earnings per share (EPS) of $2.08, above analysts’ estimates compiled by Visible Alpha. Revenue jumped 33.6% year-over-year to $575.1 million,…

This week, Sakana AI, an Nvidia-backed startup that’s raised hundreds of millions of dollars from VC firms, made a remarkable claim. The company said it had created an AI system, the AI CUDA Engineer, that could effectively speed up the training of certain AI models by a factor of up to 100x. The only problem is, the system didn’t work. Users on X quickly discovered that Sakana’s system actually resulted in worse-than-average model training performance. According to one user, Sakana’s AI resulted in a 3x slowdown — not a speedup. What went wrong? A bug in the code, according to…