News

Labubu-maker Pop Mart's shares extend slide as Morgan Stanley removes it from China focus list

Pop Mart, the Chinese toy company behind the recent Labubu craze, saw its shares fall this week after Morgan Stanley removed the stock from a focus list.

AI avatars in China just proved they are better influencers. It only took a duo 7 hours to rake in more than $7 million

Digital versions of human beings are now able to sell more than real people can, thanks to artificial intelligence, a recent business collaboration showed.

Fed sees its preferred inflation gauge topping 3% this year, higher than previous forecast

FOMC officials expect the core personal consumption expenditures price index, which excludes food and energy, to increase at a 3.1% rate in 2025.

Fed holds key rate steady, still sees two more cuts this year

The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting this week.

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 May.

Trump says 'stupid' Powell 'probably won't cut' rates when Fed meeting ends Wednesday

In the latest in a series of attacks on Powell, Trump said the Fed's key borrowing rate should be at least two percentage points lower.

This artificial intelligence subcategory is undergoing a 'golden age,' says long-time tech analyst Dan Ives

Wedbush Securities' Dan Ives, who launched an artificial intelligence ETF this month, tackles his top AI plays.

Klarna CEO wants to turn the platform into a 'super app' with AI

The buy now, pay later giant's IPO may be on hold — but its business strategy remains the same, according to CEO Sebastian Siemiatkowski.

JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee

JPMorgan, the biggest U.S. bank by assets, shook up the card industry with the launch of the Sapphire Reserve almost a decade ago.

Nasdaq-traded Chinese herb company hits near $30 billion market value after speculative surge

The developer of traditional Chinese herbal treatments for childhood ADHD and autism is up roughly 40,000% year to date.

Luxury credit card rivalry heats up as Amex, JPMorgan tease updates to their premier cards

The long-running rivalry between the country's top premium credit cards is about to heat up again.

China May retail sales grow at fastest pace since December 2023 on trade-in program, holiday impact

Growth in industrial output slowed to 5.8% year on year in May from 6.1% in the prior month.
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