Decoding ROI from AI
Are you ready to join the AI leaders? AI is everywhere. But ROI isn’t. PwC’s new AI performance study reveals that a small set of top-performing companies–the AI leaders–are already translating AI into real ROI.
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Dive Brief: PepsiCo expects tariff refunds it has claimed to yield about one percentage point of earnings-per-share growth this year, giving the company a needed boost as it manages higher costs and changing consumer spending patterns, CFO Steve Schmitt said during a Thursday earnings call. The beverage and snacks giant reported second-quarter net revenue of…
Verdane acquires minority stakes in bp technology businesses
Verdane will partner with existing management teams across the acquired businesses Deal draws on Verdane’s more than 20 years of experience and over 50 portfolio transactions Verdane’s Freya funds are structured to source complex, multi-company transactions like this one Verdane has acquired a portfolio of minority stakes in more than 10 technology businesses from bp.
Kalshi pulls plug on flight cancellation contracts
Prediction market platform Kalshi has called off plans for its latest offering: Contracts that would let users wager on upcoming flight cancellations. The decision comes after social media users expressed fears that bad actors could make mischief at airports in order to collect a payout, and after popular airline-tracking service FlightAware said Kalshi could not…
Iraq, Syria to restore oil pipeline that provides alternative to Hormuz
Iraq and Syria signed an agreement Friday to rebuild an oil pipeline that would provide an alternative to the Strait of Hormuz. Baghdad and Damascus signed the deal at a Chamber of Commerce summit in Washington on U.S. investment in Iraq. Energy Secretary Chris Wright presided over the signing by Basra Oil Company CEO Bassem…
Trump Media launches paid data service to help Wall Street track Trump’s posts
Cheng Xin | Getty Images News | Getty Images The company behind social-media network Truth Social is launching a service that will give paying customers interested in market-moving information “licensed, real-time access” to posts from President Donald Trump and other top accounts, the company said Thursday. Trump’s family is the largest shareholder Trump Media &…
I Used to Think $2 Million Was More Than I’d Ever Need for Retirement. Here’s Why I’ve Changed My Mind.
You’ll find few people who don’t think $2 million is a lot of money. I certainly do. For many years, it seemed like more than I’d ever need to retire on, considering that I live in a pretty affordable area and tend to be frugal. However, a few things have changed my perspective over the…
