OpenAI burned $3.7 billion in first quarter of 2026, The Information reports
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China’s central bank hints at shift toward overnight policy rate to match global peers
PBOC will improve the use of temporary overnight reverse repo and repo operations
Manulife pulls loan product for rich Hong Kong clients after scrutiny
The US$80 million policy uses 4 times leverage to offer over 10% returns to wealthy buyers
Goldman Sachs shatters dealmaking records with US$1 trillion in first-half M&A volume
The figure comes on the back of the investment bank managing SpaceX’s landmark IPO
