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The Chinese tech giant is spending tens of billions of dollars on AI despite concerns that companies are spending too much on the tech with limited results.

Upgrade raised $165 million in a new funding round that valued the fintech startup at $7.3 billion.

Speaking at CNBC's Invest in America Forum, the CEOs said the U.S. still leads in many sectors, but inconsistent policy and underinvestment is ceding ground.

Even during a blockbuster year for Wall Street as trading and investment banking spins off billions of dollars in revenue, the banks are hiring fewer people.

Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook.

Honor expects people will turn more to AI assistants rather than smartphone apps directly, President of Products Fei Fang told CNBC in an exclusive interview.

Chinese smartphone company Honor said it would release more details about the artificial intelligence-powered robot phone next year.

Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal environment.

Bank of America is likely to have benefited from the Wall Street side of its operations during the third quarter.

Markets are looking to Powell for direction on where the central bank will be taking interest rates through the rest of the year and beyond.

The bankruptcies have sparked concern about the risks involved when banks like JPMorgan, Jefferies and Fifth Third provide financing for private companies.

Citi's net income rose 15% to $3.8 billion from a year earlier, while revenues were up 9% as every business posted record numbers.