Sarah Jenkins

Markets

Dan Ives and Yorkville form merchant bank focused on AI financing

Yorkville Ives & Co. will combine banking, research, trading and principal investing after Ives’s departure from Wedbush.

By Sarah Jenkins · 1 month ago

Markets

China’s second-quarter GDP growth slows to 4.3% as investment weakens

Official data showed growth missed a Reuters-polled forecast, with industry outpacing consumption and investment under strain from...

By Sarah Jenkins · 1 month ago

Markets

Todd Blanche faces Senate scrutiny over Epstein files and DOJ fund

Trump’s nominee for attorney general is expected to be questioned on Epstein records, a canceled $1.8 billion DOJ fund and prosecu...

By Sarah Jenkins · 1 month ago

Markets

Oil climbs as U.S. renews strikes and blockade near Hormuz

WTI rose above $80 and Brent neared $86 after U.S. forces hit Iranian military targets and resumed a blockade of Iranian ports.

By Sarah Jenkins · 1 month ago

Markets

New York pauses large AI data center construction for up to one year

Gov. Kathy Hochul's order covers new hyperscale facilities drawing at least 50 megawatts, citing grid strain, utility bills and wa...

By Sarah Jenkins · 1 month ago

Markets

Senators propose pathway for Social Security overhaul as fund deadline nears

The PROMISE Act would create a structured process for Congress to consider Social Security changes before projected trust fund dep...

By Sarah Jenkins · 1 month ago

Markets

Zipline adds Tesla, Waymo and Uber veterans as drone deliveries scale

The drone delivery company says it has topped 2.5 million commercial trips and expects its U.S. business to expand 15-fold this ye...

By Sarah Jenkins · 1 month ago

Markets

Social Security 2027 COLA estimates ease as June inflation cools

Analysts now put the 2027 Social Security benefit increase near 3.7% to 3.8%, after June CPI data showed slower inflation.

By Sarah Jenkins · 1 month ago

Markets

T. rex fossil sells for record $50.1 million at Sotheby’s

The specimen known as Gus exceeded its presale estimate and surpassed the 2024 auction record set by a Stegosaurus skeleton.

By Sarah Jenkins · 1 month ago

Markets

Buffett speeds Berkshire share gifts with 2034 target

Warren Buffett is donating nearly $6 billion of Berkshire shares to four family foundations and plans to give away the rest by Dec...

By Sarah Jenkins · 1 month ago

Markets

United to sell extra-legroom rows with blocked middle seats

United says the paid option will debut on Airbus A321XLR aircraft, adding another cabin upsell as airlines split fares into narrow...

By Sarah Jenkins · 1 month ago

Economics

AI hiring near Mission Bay draws homebuyer interest to Noe Valley

Nona Ehyaei Real Estate says AI workers are moving from Mission Bay rentals into homes in nearby San Francisco neighborhoods.

By Sarah Jenkins · 1 month ago