Corporate debt defaults soared 80% in 2023 and could be high again this year, S&P says
The number of companies that failed to make required payments on their debt totaled 153 for 2023, up from 85 the year before.
OpenAI quietly removes ban on military use of its AI tools
OpenAI has quietly walked back a ban on the military use of ChatGPT and its other artificial intelligence tools.
Pentagon awards $2.5 billion in satellite contracts to L3Harris, Lockheed Martin and Sierra Space
The Space Force unit on Tuesday announced about $2.5 billion in satellite contracts would go to L3Harris, Lockheed Martin and Sierra Space.
Goldman Sachs gives 3 investment strategies for an expensive stock market
The bank doubts that stocks can keep marching higher and has some trading ideas for what it says is a market with a “historically elevated valuation.”
Space investment rebounded in 2023 with heavy sector M&A, report says
Space Capital’s report highlighted 2023 as “a year of consolidation,” with 39 merger and acquisition deals.
‘We have a huge fiscal problem’: Banking group IIF sounds the alarm on record global debt
Policymakers across the globe need to take action to tackle record levels of debt, according to the chief executive of the Institute of International Finance.
Elon Musk wants more control of Tesla, seeks 25% voting power
Elon Musk says he’s ‘uncomfortable’ growing Tesla without 25% voting control
Microsoft brings Copilot AI assistant to small businesses and launches a premium tier for individuals
Expanding access can help expose more of Microsoft’s end users to generative artificial intelligence and recoup data center infrastructure investments.
Proposed Kroger, Albertsons merger will take more time to close as scrutiny continues
Supermarket chain Kroger’s proposed acquisition of rival Albertsons is now expected to close in the first half of Kroger’s fiscal year 2024.
A person falsely called in a fire at the White House in apparent ‘swatting’ incident
President Joe Biden was at Camp David when the call to 911 was made early Monday morning.
