Goldman Sachs Profit Recovers Amid Investment Banking, Trading Rebound
Goldman Sachs posted a second quarter profit of $3 billion, 2.5 times bigger than the same period last year.
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In Unusual Move, Sequoia Offers to Buy Stripe Shares From Its Own Investors
Sequoia is offering to buy Stripe shares from LPs in venture funds it raised between 2009 and 2012.
Musk Confirms Tesla Robotaxi Delay
The Tesla CEO said the delay came after he requested design changes to the vehicle.
Coinbase, Bitcoin Rally on Trump Reelection Odds
Trump has cast himself as a pro-crypto candidate.
Google Has Been in Talks to Acquire Wiz for $23 Billion
Google would likely try to steer Wiz’s customers to also rent Google’s cloud servers.
Elon Musk Endorses Trump for President After Shooting at Rally
The Tesla and SpaceX CEO made his announcement on X after reports of the shooting at a Trump rally in Pennsylvania.
X to Sublease Part of Its San Francisco Headquarters
The company is listing a portion of its office space, raising doubts about X’s future in the city.
SEC Says Crypto Accounting Rule Won’t Apply to Some Banks
The move removes key obstacle for banks to offer crypto-related services
StubHub Delays IPO to After Labor Day
The company has been hoping for a $16.5 billion valuation, but that may be too far of a reach for some investors.
EU AI Act Publication Triggers Enforcement Deadlines
The new law will officially come into effect on August 1.
AT&T Says Hackers Stole Call and Text Records of ‘Nearly All’ Customers
The breach occurred when hackers broke into AT&T’s data stored in Snowflake’s cloud environment.
Meta Platforms To Release Largest Llama 3 Model on July 23
The release will come about a year after the launch of Llama 2.
Dealmaking Revival Boosts JPMorgan, Citi Earnings
A recovery in Wall Street dealmaking has reversed a recent lull in investment banking fees and helped boost earnings at large U.S. banks.
Amazon Rufus Shopping Chatbot Now Available for All U.S. Shoppers
The chatbot can compare products, answer questions about items and summarize customer reviews.
European Commission Says Musk’s X Breaches Digital Services Act
The finding could lead to big fines for X.
OpenAI Develops Benchmark to Track AI Progress
The benchmark tracks the company's progress to artificial general intelligence, or AI that can reason like humans do.
KKR and Axel Springer in Talks to Break Media Firm Up
The breakup would leave Business Insider and Politico in the hands of CEO Dopfner and Friede Springer, while KKR would keep the classified websites.
House Fails to Override Biden Veto on Crypto Accounting Rule
SEC rule that discourages banks from holding crypto remains in place
Tesla Delays Robotaxi Event to October
The electric vehicle maker needs more time to work on prototypes, according to Bloomberg.
Democratic Megadonor Mark Pincus Urges Biden to Quit Presidential Race
The billionaire joins a growing chorus of backers and politicos who want Biden out.
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The Information AM by The Information Staff
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