News

Berkshire shares struggle into annual meeting. Can Abel rekindle enthusiasm without Buffett center stage?

For the first time, the 95-year-old Buffett won't be the central figure on stage, marking a new era for one of investing's most closely watched rituals.

China’s EV price war turns into AI arms race beyond cheaper cars

Chinese EV firms are rapidly rolling out in-car AI features to gain an edge, but as the price war drags on, those technologies are quickly becoming commoditized.

China’s self-driving truck leaders say AI breakthroughs won’t accelerate rollout — here’s why

Rapid advances in AI for coding and chatbots doesn't change the timeline for getting self-driving vehicles on the road, industry executives in China said.

Apple execs to talk China and tariffs, but will avoid discussing foldable iPhone, per traders on Kalshi

Apple is set to report earnings after the bell on Thursday, with its conference call scheduled for 5:00 pm ET.

Blue Owl shares surge after private credit firm cites 10X gains from SpaceX

Blue Owl said it's made 10 times its investment in SpaceX, which is headed for a record IPO later this year.

Here's why surging oil prices may not derail the consumer trade

Wall Street is already looking beyond Big Tech quarterly results.

SoFi CEO defends decision to hold guidance steady

SoFi CEO Anthony Noto explained that the company declined to raise its full-year outlook due to macro uncertainty, not weakness in fundamentals.

Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism 'unprecedented'

Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.

PayPal's new CEO makes Venmo a standalone business unit as potential buyers circle

PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.

Fed holds rates steady but with highest level of dissent since 1992

The Federal Reserve on Wednesday released its latest decision on interest rates.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.

Traders brace for $800 billion in earnings-related stock movement

Wenesday night is the main event for earnings season, with Alphabet, Amazon, Meta and Microsoft – four of the "Magnificent Seven" — set to report.
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