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DeepSeek V3.1 rivals GPT-5 with 685B parameter model
In January 2025, DeepSeek, a Chinese AI startup, launched R1, an AI model that rivaled top-tier LLMs from OpenAI and Ant...

Main Street Shrugs at Tariffs, Banks on Growth
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FinTech IPO Index Up 0.6% as Opendoor CEO Exits
The FinTech IPO Index gained a relatively tame 0.6% through the past five sessions, as management changes at firms and e...

Inside Estée Lauder’s $14 billion reset: AI, brand trouble and a travel retail retreat
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Walmart finds its cushion in advertising as tariffs bite
Walmart has a plan to stay profitable as President Donald Trump’s tariffs push up costs. It’s called advertising. In the second quarter, Walmart’s ad revenue jumped 46% year over year, a numb...

Klear.ai and Carepay Team for Streamlined Insurance Claims Disbursements
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Klarna Says $1.6 Billion Warehouse Financing Facility Supports Growth Strategy
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Earnings Season Reveals Winners and Stragglers Across Retail’s Off-Price Arena
For years, off-price retailers such as TJX (parent of T.J. Maxx, Marshalls and HomeGoods), Ross Stores, Burlington, Dollar General and even Target have built their pitch on a simple thesis: economic d...

Rent the Runway Says Recapitalization Plan Will Support Growth
Fashion rental company Rent the Runway has announced a recapitalization plan that will convert $243 million of its debt into common equity in the company, add $20 million to its balance sheet and ext...

Massachusetts’s third online gambling bill of 2025 seeks to limit sweepstakes
In the third online gambling bill of the year, Massachusetts is considering prohibiting dual-currency sweepstakes games. Representative David K. Muradian introduced the bill, H4431, which aims to lega...