News

Trump proposes 50-year mortgage, but some say homeowner savings would be minimal

The intended purpose of a longer-term mortgage would be to lower the monthly payment for homeowners. But a lower monthly payment, has other trade-offs.

Warren Buffett to step up giving away fortune to his children’s foundations, while supporting successor Abel

Buffett, in a Thanksgiving letter, said he needs to accelerate the disbursement of his Berkshire stock to his three children's foundations.

Miran says half-point cut 'appropriate' for December, but Fed should at least reduce by a quarter point

Federal Reserve Governor Stephan Miran spoke Monday to CNBC.

Too early to bet against AI trade, State Street suggests 

State Street' Anna Paglia is reiterating her bullish stance on artificial intelligence stocks despite the Nasdaq’s worst week since April.

Fed's Miran says stablecoin surge could help push interest rates lower

The central banker said the Fed might need to lower its own policy rate to avoid unintentionally slowing the economy.

$1.7 trillion-dollar ETF giant State Street says 401(k) market about to face new low-cost challenger

State Street SPDR ETFs are coming to 401(k) market in new low-cost, economies of scale challenge to the mutual fund status quo that dominates retirement plans.

Alibaba-backed Moonshot releases its second AI update in four months as China’s AI race heats up

The Chinese AI startup on Thursday released its newest "Kimi K2 Thinking" artificial intelligence model.

Prediction market traders slash odds Trump tariffs survive Supreme Court ruling

On Kalshi, contracts tied to whether the court would rule in favor of Trump's tariffs slipped to around 30% from nearly 50% before Wednesday's hearing.

Auto repair chain Monro soars after Carl Icahn takes 15% stake to become largest shareholder

Icahn disclosed ownership of 4.4 million shares, or almost a 15% stake in Monro, according to a new regulatory filing.

Xpeng to let other carmakers use its partly-autonomous driving system

Chinese electric car company Xpeng said German automaker Volkswagen would be the first client for its new driver-assist system.

Chinese EV maker Xpeng to launch robotaxis, humanoid robots with self-developed AI chips

Chinese electric car company Xpeng is following in Tesla's footsteps by moving into robotaxis and humanoid robots.

Bitcoin retail investor at 'max desperation,' says Bitwise CIO, but crypto winter not coming

Bitcoin's fall below $100,000 sparks fears that a new crypto winter has begun, but Bitwise CIO Matt Hougan sees reasons why this selloff may not last long.
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