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Powell asked for the review following blistering criticism of the project.

Alibaba-backed startup Moonshot released its Kimi K2 model as a low-cost, open source large language model, the two factors underlying DeepSeek's disruption.

Office of Management and Budget Director Russell Vought spoke Friday to CNBC's "Squawk Box."

The GOP's so-called "big beautiful bill" cut taxes in many ways, but didn't extend a tax break that lowered health insurance premiums for millions of people.

From coffee to cars to real estate, there's a recurring pattern in China — companies rush into an industry, then resort to discounts to stay afloat.

The arrival of agentic AI at Goldman Sachs, in which programs don't just help with tasks but execute complex jobs, signals a shift on Wall Street.

Under a proposal put up for comment Thursday, the Fed would allow banks with one "deficient" rating to still be considered well-managed

Consumers may rush to lease or buy an electric vehicle this summer to qualify for a federal tax credit that ends after Sept. 30.

Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates.

Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were pictured entering the lodge.

If leading the Federal Reserve isn't challenging enough, the next central bank chair will face an additional burden.

A tax and spending package Trump signed July 4 nearly halves the watchdog's annual funding. Resources may be stretched to police consumer financial laws.