Good morning, CFO Daily readers! Angelica Ang here, reporting from Singapore and standing in for Sheryl…
Category: Finance News
1 in 3 young adults were still living with their parents in 2025—and they’re not even unemployed
Young Americans were told that good grades would unlock a six-figure salary, starter apartment, and independence…
OpenAI is building a super app as it heads toward an IPO
OpenAI is planning to turn ChatGPT into a “super app”—an all-purpose AI interface that brings OpenAI’s…
Meet the 2 men putting New York’s $300 billion pension fund in play for the first time in 20 years
On paper, New York State Comptroller is a sleepy job. No press secretary emerges from the…
Elon Musk to get a billion shares of SpaceX if he can settle a million humans on Mars
When SpaceX published its S-1 on May 20, investors got what they expected: a landmark filing…
Drowning in AI: Companies are launching hundreds of projects, and that’s a problem
Managers and employees alike have gotten the message: AI is part of their job, and it’s…
Mexico City’s unofficial duck soccer mascot stole the presidential press briefing
Wearing the green jersey of Mexico’s national soccer team and a FIFA tie, he waddled into…
Planet’s heat bill comes due as one billion more people face extreme heat stress than in the 1970s
Mexico, Kenya, Italy and other nations around the world are experiencing one to two more months…
Meet a British businessman who doesn’t regret his Brexit vote. He says rejoining the EU would be ‘re-boarding the Titanic’ while giving up life vests
Simon Boyd’s firm makes prefabricated steel structures on the south coast of England and ships them…
A $1 million horror film and a 30-year-old franchise are saving Hollywood’s summer
“Toy Story” still has a friend in moviegoers. The fifth installment in the Pixar series debuted with…
AI drug discovery firm Insilico Medicine signs deal with Korea’s SK Biopharmaceuticals worth $2.5B
Insilico Medicine, the Hong Kong-listed AI drug discovery company, has signed a partnership with Korea’s SK…
Kraft pounces on World Cup ranch craze with travel kits after TSA warns to ‘avoid chugging’ ranch
The 2026 FIFA World Cup has delivered surprises on and off the pitch. For one, it’s…
Nvidia says its new data center design will fix AI’s water problem
Among Americans’ many concerns about data centers—from the constant humming sound to high electricity prices—heavy water…
Sony industry starmaker Clive Davis, who brought up Janis Joplin and Whitney Houston, dead at 94
Clive Davis, the record company lawyer who became one of the music industry’s most powerful figures,…
Australia scores its largest defense export ever with a $1.75 billion long-range radar deal with Canada
Australia and Canada signed a $1.75 billion export agreement on Monday to build an Australian-designed long-range…
Forget speed: L’Oréal’s innovation chief says AI rewards companies with history
When it comes to AI, much has been made of its democratizing potential. Many proponents believe…
Alan Greenspan dies at 100. As Fed chair, he was the ‘Oracle’ but admitted a mistake on bank rules
Former U.S. Federal Reserve Chair Alan Greenspan died Monday from complications of Parkinson’s Disease, said his…
AI was supposed to replace executive assistants. It promoted them instead
Despite layoffs hitting executive assistants at companies including PwC and McKinsey, the role may not be…
Saxby Chambliss: America can’t win the AI race without more plumbers and electricians
I spent a decade on the Senate Intelligence Committee getting briefed on every way America could…
As public sentiment sours, Indonesia awaits MSCI verdict which risks $13 billion in capital outflows
The day of reckoning for Indonesia’s stock market is here. MSCI, the global benchmark provider, will…