Finance

OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in…

David Tepper says the Fed has to cut rates at least two or three more times to keep credibility

Appaloosa Management’s David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because…

Google venture arm backs startup aiming to bring mixed reality to any car windshield or plane cockpit

Distance Technologies, a Finnish startup that aims to bring mixed-reality technology to any car windshield or plane cockpit, has raised…

China’s Xi and top leaders call for halting real estate decline, responding to public concerns

BEIJING — China aims to stop the property slump, top leaders said Thursday in a readout of a high-level meeting…

France’s biggest lender says there are ‘too many’ European banks as UniCredit moves on Commerzbank

France’s BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to…

Klarna partners with fellow fintech Adyen to bring buy now, pay later into physical stores

Swedish firm Klarna is partnering up with Dutch payments fintech Adyen to bring its popular buy now, pay later service…

UniCredit’s pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union

European banking’s latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc’s incomplete banking…