LD/iStock via Getty Images Federal Reserve Board Governor Lisa Cook said that large bank credit commitments to nonbank financial institutions have grown at about three times the pace of commercial and industrial lending. Cook was speaking on "Reflections on Financial Stability" before an event co-presented by the Yale Program on Financial Stability . "Recently, among the issues we have discussed a...
LD/iStock via Getty Images Federal Reserve Board Governor Lisa Cook said that large bank credit commitments to nonbank financial institutions have grown at about three times the pace of commercial and industrial lending. Cook was speaking on "Reflections on Financial Stability" before an event co-presented by the Yale Program on Financial Stability . "Recently, among the issues we have discussed are hedge fund trading strategies, the rise of private credit arrangements, and the connections between banks and a range of nonbank financial entities," said the Fed governor. "Large bank credit commitments to nonbank financial institutions have grown at an annualized rate of about 9%, roughly three times the pace of C&I (commercial and industrial) lending," said Cook. Furthermore, the category that includes special purpose entities, collateralized loan obligations, and asset-backed securities has expanded recently, according to Cook. The Fed is set to release its Financial Stability Report later this spring. "Americans depend on a stable financial system to start and support families, buy homes and vehicles, start businesses, and pay for their education. Ultimately, our efforts to maintain financial stability are a service to the American people," said Cook. In February, Cook had signaled that she would not support another interest rate cut until she sees more progress on inflation, noting that the risks are tilted toward higher inflation than a weakening labor market. Developing... Check back for updates. More on Lisa Cook Fed Governor Lisa Cook says unemployment may rise because of AI, raises issues to consider Fed's Powell to attend Supreme Court hearing on Lisa Cook case - report
LB Pharmaceuticals Inc press release ( LBRX ): Q4 GAAP EPS of -$0.45. Cash, cash equivalents, and investments of $295.2 million as of December 31, 2025,and proceeds from recent $100 million private placement, expected to provide cash runway into Q2 2029 More on LB Pharmaceuticals Inc LB Pharmaceuticals stock rises on $100M financing Historical earnings data for LB Pharmaceuticals Inc Financial inf...
LB Pharmaceuticals Inc press release ( LBRX ): Q4 GAAP EPS of -$0.45. Cash, cash equivalents, and investments of $295.2 million as of December 31, 2025,and proceeds from recent $100 million private placement, expected to provide cash runway into Q2 2029 More on LB Pharmaceuticals Inc LB Pharmaceuticals stock rises on $100M financing Historical earnings data for LB Pharmaceuticals Inc Financial information for LB Pharmaceuticals Inc
What Happened in Markets Today The Iran war weighed on markets once again. The S&P 500 declined 1.7% and the Nasdaq shed 2.4%. Front month Brent crude gained 5.7% to $108.01 per barrel. Bonds sold off, with the 10-year U.
What Happened in Markets Today The Iran war weighed on markets once again. The S&P 500 declined 1.7% and the Nasdaq shed 2.4%. Front month Brent crude gained 5.7% to $108.01 per barrel. Bonds sold off, with the 10-year U.
Apple Inc. awarded rare bonuses to iPhone hardware designers this week, aiming to stem a wave of departures to AI startups like OpenAI that are building their own devices. The company granted out-of-cycle bonuses worth several hundred thousand dollars to many members of its iPhone Product Design team, according to people with knowledge of the matter. Apple’s leadership has grown increasingly conce...
Apple Inc. awarded rare bonuses to iPhone hardware designers this week, aiming to stem a wave of departures to AI startups like OpenAI that are building their own devices. The company granted out-of-cycle bonuses worth several hundred thousand dollars to many members of its iPhone Product Design team, according to people with knowledge of the matter. Apple’s leadership has grown increasingly concerned about the number of engineers being poached by potential rivals. OpenAI, which has tapped former Apple design chief Jony Ive to help design a new generation of AI-centric products, has emerged as a particular threat. The bonuses were issued as stock units that vest over four years, meaning employees must remain at Apple to receive the full value, said the people, who asked not to be identified because the move wasn’t public. It’s a typical structure for Apple stock-based pay packages. In many cases, the awards — separate from Apple’s typical bonuses — are worth roughly $200,000 to $400,000 over the full vesting period. The packages could ultimately offer a bigger payoff depending on the company’s stock performance. A spokesperson for the Cupertino, California-based company declined to comment. Read More: Apple Ramps Up Work on Glasses, Pendant, and Camera AirPods for AI Era Employees see the pay bumps as a direct response to a recent uptick in recruiting from startups. Still, the bonuses are a fraction of what OpenAI and others are offering. In some cases, those companies are paying individual Apple engineers roughly $1 million in stock annually to jump ship. OpenAI’s hardware division is run in part by Apple veteran Tang Tan. He used to oversee the iPhone product design team that’s receiving the bonuses. Tan’s group at OpenAI has hired several dozen Apple engineers, and not just ones who worked on the iPhone. The startup has lured employees who helped develop the iPad, Apple Watch and Vision Pro. Apple’s iPhone product design group is now run by longtime executive Ric...
Kyverna Therapeutics press release ( KYTX ): Q4 GAAP EPS of -$0.80 beats by $0.05 . Kyverna reported $279.3 million in cash, cash equivalents, and marketable securities as of December 31, 2025. The Company expects to have a cash runway into 2028, funding its SPS BLA filing and commercial launch and its Phase 3 gMG trial. More on Kyverna Therapeutics Kyverna Therapeutics, Inc. (KYTX) Presents at Le...
Kyverna Therapeutics press release ( KYTX ): Q4 GAAP EPS of -$0.80 beats by $0.05 . Kyverna reported $279.3 million in cash, cash equivalents, and marketable securities as of December 31, 2025. The Company expects to have a cash runway into 2028, funding its SPS BLA filing and commercial launch and its Phase 3 gMG trial. More on Kyverna Therapeutics Kyverna Therapeutics, Inc. (KYTX) Presents at Leerink Global Healthcare Conference 2026 Transcript Kyverna Therapeutics: The King Of The CAR-T Autoimmune Revolution Kyverna Therapeutics, Inc. (KYTX) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Seeking Alpha’s Quant Rating on Kyverna Therapeutics Historical earnings data for Kyverna Therapeutics
EvgeniyShkolenko Artificial intelligence will generate far more positions than it eliminates, said Walter Isaacson, Tulane University professor and Perella Weinberg advisory partner. In an interview with CNBC, Isaacson dismissed apocalyptic predictions about AI-driven unemployment, pointing instead to tangible growth in sectors like data centers and construction, where 600,000 new jobs are current...
EvgeniyShkolenko Artificial intelligence will generate far more positions than it eliminates, said Walter Isaacson, Tulane University professor and Perella Weinberg advisory partner. In an interview with CNBC, Isaacson dismissed apocalyptic predictions about AI-driven unemployment, pointing instead to tangible growth in sectors like data centers and construction, where 600,000 new jobs are currently being created. Just in the last couple of years, AI has created approximately 1.2M new jobs, he added. “The main place that you see job loss due to AI is in the press releases that companies are putting out,” Isaacson said. He compared current fears about AI to the Luddite movement of the 1840s, when workers attacked automated weaving looms out of fear they would eliminate jobs. Instead, the fabric industry saw more than ten times the number of workers two to three decades later as automation increased productivity and expanded businesses. Isaacson acknowledged that disruption is real, particularly for entry-level white-collar workers who lack AI training. However, he argued that productivity gains historically create new opportunities rather than permanent job losses. “Unless we run out of things people could possibly want, there’ll be new jobs to fulfill things,” he said. At Tulane, Isaacson has taken a proactive approach to preparing students for an AI-driven economy. Rather than discouraging AI use, he requires his students to employ three different AI tools on every project and demonstrate their work using the technology. “Somebody who is very versatile at using AI is going to be far more likely to get a job,” he explained. Isaacson emphasized that universities must train students to connect AI tools to diverse industries such as medicine, law, and biotech. He advocates for curricula that encourage curiosity and flexibility rather than narrow specialization, noting that students should learn to apply tools like Claude, ChatGPT, and Google Gemini to real-world proble...
Grafissimo/E+ via Getty Images Vitesse Energy ( VTS ) said post-market Thursday it hired former HP Sinclair executive Jamie Benard as its new President and CEO , effective May 1, succeeding Bob Gerrity , who resigned as Chairman and CEO effective immediately. Vitesse ( VTS ) President Brian Cree will become interim CEO before retiring from the company effective May 1; he will remain with the compa...
Grafissimo/E+ via Getty Images Vitesse Energy ( VTS ) said post-market Thursday it hired former HP Sinclair executive Jamie Benard as its new President and CEO , effective May 1, succeeding Bob Gerrity , who resigned as Chairman and CEO effective immediately. Vitesse ( VTS ) President Brian Cree will become interim CEO before retiring from the company effective May 1; he will remain with the company in a senior advisory role through year-end 2026. Benard has more than 20 years of experience in the energy industry, most recently as President of Sinclair Oil & Gas, where he oversaw strategy, operations, and capital allocation; previously, he was P resident and COO of Summit Discovery Resources. Gerrity founded the company 13 years ago and has served as President and CEO since 2014. More on Vitesse Energy Vitesse Energy: The Dividend Cut Unlocks A Stronger Oil Opportunity Vitesse Energy: Strong Heading And Low Costs Make It A Buy Despite Oil Headwinds Vitesse Energy Q4 2025 Earnings Call Presentation
Kornit Digital press release ( KRNT ): FY GAAP EPS of -$0.30 misses by $0.02 . Revenue of $208.2M (+2.1% Y/Y) misses by $5.43M . More on Kornit Digital Kornit Digital Ltd. (KRNT) Q4 2025 Earnings Call Transcript Kornit Digital Ltd. 2025 Q4 - Results - Earnings Call Presentation Kornit Digital: On The Edge Of The Fashion Industry's Evolution Kornit projects low single-digit revenue growth for 2026 ...
Kornit Digital press release ( KRNT ): FY GAAP EPS of -$0.30 misses by $0.02 . Revenue of $208.2M (+2.1% Y/Y) misses by $5.43M . More on Kornit Digital Kornit Digital Ltd. (KRNT) Q4 2025 Earnings Call Transcript Kornit Digital Ltd. 2025 Q4 - Results - Earnings Call Presentation Kornit Digital: On The Edge Of The Fashion Industry's Evolution Kornit projects low single-digit revenue growth for 2026 while accelerating AIC transition and highlights $25M ARR milestone Kornit Digital beats top-line and bottom-line estimates; initiates Q1 outlook
Chip Somodevilla/Getty Images News President Donald Trump has extended a pause on U.S. strikes targeting Iran's energy infrastructure, pushing the deadline to April 6 as diplomatic efforts continue between Washington and Tehran. "As per Iranian government's request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction by 10 Days to Monday, April 6, ...
Chip Somodevilla/Getty Images News President Donald Trump has extended a pause on U.S. strikes targeting Iran's energy infrastructure, pushing the deadline to April 6 as diplomatic efforts continue between Washington and Tehran. "As per Iranian government's request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction by 10 Days to Monday, April 6, 2026, at 8 P.M., Eastern Time," Trump said in a Truth Social post. "Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well." This is a developing story. Check back for updates. More on the Markets The U.S. Labor Market Confounds With Its Countercurrents; It May Be The New Normal Labor Market AAII Sentiment Survey: Pessimism Pulls Back Dow Jones And U.S. Stock Market Outlook - Optimism Fades And Nasdaq Burns Its Wings 3 things to look out for on Friday Fed should stay on sidelines amid market uncertainty - Goldman's Robert Kaplan
IRVINE, Calif., March 26, 2026--Veritone, Inc. (NASDAQ: VERI), a leader in building enterprise AI and data solutions, today announced that it has signed a multi-year agreement with Oracle to migrate Veritone AI solutions to Oracle Cloud Infrastructure (OCI). By adopting OCI as a preferred cloud and infrastructure provider, Veritone will enhance the scalability, security, and performance of its AI ...
IRVINE, Calif., March 26, 2026--Veritone, Inc. (NASDAQ: VERI), a leader in building enterprise AI and data solutions, today announced that it has signed a multi-year agreement with Oracle to migrate Veritone AI solutions to Oracle Cloud Infrastructure (OCI). By adopting OCI as a preferred cloud and infrastructure provider, Veritone will enhance the scalability, security, and performance of its AI offerings, including its aiWARE platform, Veritone Data Refinery (VDR) and Veritone Data Marketplace