AI credit worries send default insurance to record high 

The cost of insuring against tech defaults struck record highs on Thursday, as investors rushed to hedge against the ​risk of credit stress building in the AI trade, with heavily indebted data centre operators like CoreWeave hit hardest.

Figma CFO says design platform willing to put margins on the line to boost AI demand

Figma's CFO said on Thursday it was uncertain if ​the design software firm would return to peak gross margin levels as it ramps up AI spending, but said the investments will help draw users and ‌better compete with sophisticated tools from labs such as OpenAI and Anthropic.

Utah women are reshaping the state's publishing industry one costumed fan event at a time

Female authors are growing in number and popularity, in part due to off-page social events created by fans.

ByteDance nears chip supply deal with MediaTek for data centres, Bloomberg News reports

​ByteDance is close to ‌an agreement ⁠with ​MediaTek ⁠to ‌secure ‌semiconductors for ⁠its data ⁠center operations, Bloomberg News reported ‌on ​Thursday, citing people familiar with the matter.

The hunt for $1M begins: Utah team unveils national scavenger challenge

Two Utah companies have launched the nationwide $1 million scavenger hunt.

Water permit application for Stratos data center expected to be filed 'shortly'

The KSL Investigators are tracking progress on the Stratos Data Center Project approved in Box Elder County.

New York City's iconic horse-drawn carriages expected to take their last trot

New York City's iconic Central Park horse-drawn carriage industry is nearing its end after Mayor Zohran Mamdani and City Council Speaker Julie Menin reached a deal to abolish them.

TSMC 'prudent' going into 2027 after posting sixth straight quarter of record profit

TSMC, the world's largest manufacturer of advanced chips, struck a note of caution for 2027 on Thursday due to macroeconomic uncertainties, tempering an otherwise upbeat outlook ​after reporting a sixth consecutive record quarterly profit on robust AI-driven demand.

The first new sunscreen type in 25 years has arrived on store shelves

Americans have a new sunscreen option for the first time in over 25 years after the FDA approved the chemical BEMT back in June, which offers broad protection without the cosmetic downsides.

Inside the booming market for US midterm election bets

Betting on U.S. midterm elections has surged this year on Polymarket and Kalshi, prediction markets that rose to prominence in 2024 when ​they bucked traditional opinion polls in signaling that President Trump would win the presidency.

ICE rejects suggestion that its officers wear body cameras that automatically activate

A report urges U.S. Immigration and Customs Enforcement to ensure body-worn cameras are activated when needed, suggesting automatic activation in certain situations. ICE disagrees, citing privacy concerns.

Salt Lake City opened a new bike lane this year. A local business owner wants it gone

A local business owner is working on a petition over a new bike trail that Salt Lake City completed this year.

Perella Weinberg, Piper Sandler abandon merger talks, source says

Investment bank Piper Sandler and advisory firm ​Perella Weinberg Partners have abandoned talks for an all-stock merger as they could not agree ‌on financial and personnel terms, a person familiar with the matter ⁠told Reuters on Wednesday.

Draper aquarium asks for help with an 'otterly important' decision

The Loveland Living Planet Aquarium is asking for the public's help to name its newest tenants, a pair of Asian small-clawed otters.

Smith Entertainment Group, Salt Lake leaders unveil updated downtown vision

Ryan Smith and local leaders unveiled the first look of a new district in and around the Delta Center.

The Knot Worldwide to acquire Zola in wedding platform union, sources say

The Knot Worldwide has agreed to buy ​its smaller peer Zola, adding to its portfolio of leading wedding-planning brands, according to two people familiar with ‌the deal.

OpenAI employee who left for Apple took files about unreleased device, OpenAI alleges

An OpenAI employee who left the ChatGPT maker for Apple sent more than 100 files about ​an unreleased product to a personal account and later presented the product to senior Apple leadership, a new filing in the lawsuit between OpenAI and Apple alleges.

Exclusive-Bank of America consumer retail M&A banker Peacock to join JPMorgan, sources say

JPMorgan Chase is hiring senior consumer and retail M&A ​banker Richard Peacock from Bank of America, four people familiar with the matter said on Wednesday.

Berkshire deepens Bending Spoons bet with $330 million, sparking share rally

Bending Spoons shares rallied 34% on Wednesday after Berkshire ​Hathaway invested another $330 million in the owner of Vimeo and AOL, a big endorsement from ‌the high-profile investor whose moves traders closely follow.

Netflix cuts about 6% of jobs in biggest layoff since 2022

Netflix is laying off 6% of its workforce, or roughly 1,000 employees, ​in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces tough competition for viewers from legacy rivals and ‌YouTube.

Inflation heats up in September; Fed rate hike this month back on table

Consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and the Republican Party ahead of midterm ​elections.

BlackRock draws $205 billion in client funds as quarterly profit beats estimates

BlackRock surpassed Wall Street profit expectations and attracted $205 billion in total inflows in the third quarter, sending the world's largest asset manager's shares up as much as 5% in ​trading on Wednesday.

Wall Street firms tie bonuses, promotions to AI skills, survey finds

AI skills are starting ​to count toward pay and promotion on Wall Street, with nearly a quarter of financial ‌firms tying raises, bonuses or promotions to employees' proficiency with ⁠the technology, a survey ​showed.

VinFast-linked taxi operator GSM launches US service in Los Angeles

Vietnamese electric taxi operator Green and Smart ​Mobility (GSM), a partner of VinFast said on Wednesday it launched its all-electric ride-hailing and ‌taxi service in Los Angeles, marking its first entry into North ⁠America as the ​company seeks to expand ⁠beyond Asia and Europe.

LSEG taps Nvidia for faster historical market data processing

The London Stock Exchange Group said on Wednesday it ​has partnered with Nvidia to help financial institutions process and analyse large volumes of historical market ‌data faster and at scale using the US chipmaker's technology.