Money

Elon Musk Requires Wall Street Banks to Purchase Grok AI Subscriptions for SpaceX IPO Roles, driving a $200B listing and forcing banks to invest …

Estée Lauder Reports $4.2B Q2 Net Sales Growth, posting 6% sales rise, higher margins, strong China demand, and an upgraded profit outlook.

SoftBank Moves to Invest $30 Billion in OpenAI Amid Global AI Race, part of a $100B round valuing OpenAI near $830B.

SoftBank Rushes to Meet $22.5 Billion OpenAI Funding Commitment as Masayoshi Son sells assets and raises cash to fuel AI growth.

Bitcoin Falls Below $90,000 as AI Fears Shake Market Confidence, pushing crypto lower as global markets wobble and traders turn cautious.

Visa trials stablecoins to speed up cross-border payments, reducing costs, freeing capital, and improving efficiency in global transactions.

Fed Initiates First Rate Cut Since December Amid Economic Softening, lowering rates to 4.00%–4.25% as growth slows and inflation lingers.

Antom Unveils Agentic Payment Platform for AI-Powered Commerce, blending AI-driven checkout, security, and Visa-Mastercard partnerships.

Mastercard and Infosys Partner to Simplify Cross-Border Payments by embedding Mastercard Move into Finacle, enabling faster, secure transfers.

Visa and RCBC Launch Real-Time Cross-Border Payment Service in the Philippines, enabling fast, secure global transfers to 190+ countries.