Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Apollo says AI has delivered 'zero financial payoff' outside the tech industry
One of the world's largest investment firms says that only tech companies are getting a share of the AI pie. In an economic analysis published on Saturday, Apollo Global Management said that while the Magnificent Seven — a group of…
Finance chiefs to rethink AI playbook, other key themes, at Nov investment summit in HK
Global leaders will see first-hand how Hong Kong is transforming its economy through innovation and technology at Hong Kong's 5th Global Financial Leaders' Investment Summit next month, under the theme “Rethinking the Playbook,” said…
Barnsley veteran 'forced out' of Army seeks finance scheme amendment
An Army veteran who says she was 'forced out' of the military for being gay is seeking an amendment to the government's financial redress scheme. Louise Lingard-Snape, 58, served for 15 years as a musician and is among a group of veterans denied…
Barnsley veteran 'forced out' of Army seeks finance scheme amendment
Naj Modak and Ellie Colton, Yorkshire An Army veteran who says she was 'forced out' of the military for being gay is seeking an amendment to the government's financial redress scheme. Louise Lingard-Snape, 58, served for 15 years as a musician and…
Seoul Fintech Week 2026 brings AI finance and startup investment into focus
Seoul is bringing financial technology startups and global industry leaders together this week to explore how artificial intelligence (AI) could reshape personal finance while opening new paths to investment and growth for emerging businesses.
Why human judgement still matters in AI-powered finance
AI has moved from pilot projects to the core of the finance function. Deloitte's CFO Signals shows that close to 93% of CFOs now use AI across key operations, a dramatic shift from the tentative experimentation of just two years ago. The pace of…
Pioneering the global green transition: Hong Kong's dual role as innovator and financier
The commencement of the Belt and Road Green Innovation Conference and the 21st Eco Expo Asia this week marks a watershed moment in Hong Kong's sustainable development trajectory. By concurrently hosting these premier environmental forums, the city…
Financial Wisdom From Cartoon Apes
Normally investors would be handicapping this week's Fed rate decision with bond yields gyrating, but the central bank is probably on hold so close to midterm elections. Instead, the focus is on how a bumpy earnings season will continue playing out…
SpaceX secures $40B in financing for GPUs as Elon Musk warns of AI cloud industry consolidation
Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units for its artificial intelligence operations, highlighting the enormous sums being spent in the race to build AI computing capacity. Musk announced…
California Is Asking Voters to Approve Public Financing of Political Campaigns. What Could Go Wrong?
We continue with our look at the propositions on the November 2026 ballot in California (links to previous posts are at the bottom of this post) by examining Proposition 4, which, if passed, would allow public funding of election campaigns. What…
Could super funds make the next financial crash worse?
Monday's Australian Financial Review Super & Wealth Summit brought into sharp focus a critical question: when the next market shock hits, will superannuation act as an economic shock absorber or a financial risk that amplifies the crash? The…
Musk Says SpaceX Closed $40 Billion in GPU Debt Financing
SpaceX CEO Elon Musk said the company closed $40 billion in debt for graphics processing unit purchases, a financing claim that comes as its latest filing shows sharply higher quarterly capital spending. Musk wrote on X on Oct. 25 that SpaceX had…
AI delivers 'zero financial payoff' to most companies, Apollo economist says
AI hasn't benefited the bottom line of any big corporations outside the tech industry, according to a note recently published by the chief economist at Apollo Global Management (the private equity giant that used to own TechCrunch). Apollo's…
Musk warns of AI lending crunch after SpaceX closes $40B GPU financing (SPCX:NASDAQ)
Elon Musk said SpaceX (SPCX) has closed $40 billion in debt financing to purchase graphics processing units, or GPUs, warning that tightening credit markets could trigger widespread failures and consolidation among smaller artificial intelligence…
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