JPMorgan Chase & Co. tapped a trio of executives to lead its investment bankers globally as part of an overhaul of the division’s upper ranks.

SoftBank Group Corp. reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT maker.

Surprisingly healthy demand for container shipping will help underpin ocean freight rates into the second half of 2026 as carriers try to adapt to the 10-week closure of the Strait of Hormuz and soaring energy costs.

Alibaba Group Holding Ltd. posted its first operating loss since the depths of the Covid pandemic, underscoring the extent to which China’s e-commerce leader is spending on the AI initiatives it hopes will power its next phase of growth.

Ant Group Co.’s quarterly profit continued to decline after the company increased investment in artificial intelligence technology for its health care, large language model and payment services.

The US Army is fast-tracking a partnership with the defense startup Castelion as it looks to catch up with Russia and China in deploying hypersonic missiles after years of delays and high costs involving other contractors.