Startup introduced previous version just three months ago Artificial intelligence startup Anthropic is releasing a new AI model that it calls its fastest and most capable yet in a rivalry with OpenAI. Anthropic introduced Claude 3.5 Sonnet, an updated version of its...

Home starts slid to 1.28 million, below all but one estimate Decline in building permits point to softer construction ahead New home construction in the US slumped in May to the slowest pace in four years, as higher-for-longer interest rates sap the housing industry’s...

The biggest US restaurant chain is taking on competitors with a new promotion. McDonald’s Corp.’s US chief says the company is ready for a fight. And in order to win, the burger chain is pulling out one of the most potent weapons in its arsenal: The value meal. It’s...

Ties with Brazil are growing with two-way investments Abdulrahman Bakir helped lead tour of 100 delegates to region Before 2020, Saudi Arabian investment in Brazil was so small that it didn’t even appear in the central bank’s database for relevant foreign inflows....

The increase is tied to recent passage of new green standards Half of fund managers surveyed say over 30% of assets stranded Fund managers overseeing commercial real estate say significant chunks of their portfolios hold assets that can now be considered stranded due...

Chinese copper exports hit a record last month, as poor demand at home forced traders to seek markets overseas for their surplus. Exports of unwrought copper and products in May doubled from the previous year to nearly 150,000 tons, just topping the previous high...

Value of purchases rose 0.1% in May after downward revisions Households have costlier debt, delinquencies continue to rise US retail sales barely rose in May and prior months were revised lower, pointing to greater financial strain among consumers. The value of retail...

UK could have 9,500 millionaires exit this year, report finds Wealthy are ‘voting with their feet,’ Henley & Partners says The UK is on track to lose 9,500 millionaires this year, more than any country in the world except China, according to a new report on the...

New-home values in May dropped the most in almost a decade Forceful efforts to support home sector haven’t revived demand China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive...

Shares have surged more than 300% since its IPO one year ago Rally is so extreme it’s starting to cause angst among bulls Of all the hot IPOs over the past year — AI firms and biotech startups and the like — none has popped on Wall Street quite like Cava Group Inc....

Fund’s collapse led to billions of dollars in bank losses Two big attempts to limit single family office risks failed Ralph Hamers, the former chief executive officer of UBS Group AG, looked sullen as he explained how the bank lost hundreds of millions of dollars...

Microsoft Corp., facing scrutiny over the security of its products, is withdrawing a new artificial intelligence feature of its Windows software for new personal computers from broad release and instead will test it with a smaller group. Recall, a Windows...

PPI fell 0.2% in May on sharp decrease in energy costs Most categories that feed Fed’s favored price gauge were tame US producer prices unexpectedly declined in May by the most in seven months, another welcome development that will strengthen the Federal Reserve’s...

Carlyle Group Inc. is preparing to exit “a number” of investments as the market for private equity dealmaking rebounds, according to a top executive with the firm. “We are beginning to see the whole market improve on buying and selling,” Brian Bernasek, co-head of...