Essential AI Comes Out of Stealth With $57 Million in Funding

The startup was founded by two co-authors of a famous Google AI paper Essential AI, an artificial intelligence startup founded by two authors of a seminal research paper at Google is disclosing details for the first time Tuesday, saying it has raised $56.5 million in...

Birkenstock Finally Tops IPO Price While Other Entrants Struggle

Firms with recent listings seeing smaller gains than peers ‘Everything rally’ propels S&P 500 to jump 11% as VIX sinks A rally across equity markets lifted Birkenstock Holding Plc and other newly public firms, but Wall Street still isn’t welcoming initial public...

Nike to Shed Light on Pinched US Consumers as Shares Sputter

Apparel, retail stocks lag market with borrowing costs rising Investors focus on back-to-school demand, annual outlook Nike Inc. is set to offer a crucial look at the financial health of American households as Wall Street frets over a growing list of headwinds to...

World Debt Surges to Record $307 Trillion, Rises as Share of GDP

Debt up a ‘staggering’ $100 trillion in past decade, IIF says Liabilities as a share of global GDP fell as inflation surged Global debt climbed by $10 trillion in the first half of 2023, resuming its upward march as a share of the world economy after falling for close...