News

China set to report retail sales and industrial production data for October

The National Bureau of Statistics is scheduled Friday to release data showing a pickup in growth in October from September.

Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates

"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.

Watch Fed Chair Powell speak live to business leaders in the Dallas area

The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.

Gary Gensler says he was 'proud to serve' as SEC chair, defends his approach to crypto regulation

In what sounded awfully close to a farewell speech, Gensler made only passing reference to his most controversial disclosure rule, on climate change.

It's 'liquidity, stupid': VCs say tech investing is tough amid IPO lull and 'nuts' AI hype

Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite "nuts" funding rounds for AI firms like OpenAI.

Britain's motor finance industry is in crisis – with banks bracing for billions in payouts

Britain's motor finance industry is in disarray.

Chinese AI startup takes aim at OpenAI's Sora with image-to-video tool launch

Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.

Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says

Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams.

Hedge funds performed better under Democratic presidents than Republican ones, history shows

Hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR.

David Einhorn to speak as the priciest market in decades gets even pricier postelection

Einhorn's hedge fund returned just 9% in 2024 through the end of the third quarter, compared with the S&P 500′s more than 20% gain.

China's Alibaba releases AI search tool for small businesses in Europe and the Americas

Chinese e-commerce giant Alibaba unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.

China's biggest shopping event of the year exceeds low expectations

The Singles' Day shopping festival saw consumers spend more than expected in what's otherwise been a tepid retail environment, consulting executives said.
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