News

Federal Reserve will reduce staff by 10% in coming years, Powell memo says

The staff cuts could result in more than 2,000 fewer jobs at the U.S. central bank.

How to trade gold and bitcoin after the big stock market rebound

Gold could resume its rally and head for $5,000, and it might be a good time to take some risk out of bitcoin investing, according to ETF experts.

Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost

Alibaba, Tencent and JD.com reported earnings that showed better Chinese consumer spending — and the growing benefits of artificial intelligence in advertising.

Walmart's former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its 'doom and gloom' commentary

Bill Simon, who ran Walmart from 2010 to 2014, suggests the company may be overstating challenges tied to tariffs.

Fed's Powell cautions about higher long-term rates as 'supply shocks' provide policy challenges

Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.

EToro IPO filing cites Israel-Hamas conflict as potential business risk

The Israel-Hamas conflict and geopolitical tensions in the region could hurt eToro's operations, the company said in the risk factors of its IPO filing.

Key AI hub China restricts schoolchildren's use of the tech

China is restricting how much children can use generative artificial intelligence in schools, according to a local release citing the Ministry of Education.

Warren Buffett tells WSJ he stepped aside as CEO after finally feeling old

"I didn't really start getting old … until I was about 90," Buffett said. "But when you start getting old, it does become — it's irreversible."

New York AG sues Capital One after Trump-led CFPB drops similar case

New York Attorney General Letitia James sued Capital One, accusing it of "cheating" customers out of millions of dollars, after the CFPB dropped a similar suit.

Stock trading app eToro pops 40% in Nasdaq debut after pricing IPO above its expected range

EToro raised almost $310 million in its IPO late Tuesday, selling shares above its expected range.

Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

Israel-based stock brokerage platform eToro said it has priced shares for its IPO at $52, which would value the company at about $4.2 billion

Coinbase jumps 22%, heads for biggest gain since post-election pop on S&P 500 inclusion

Coinbase had its best day since just after last year's presidential election, as investors bought shares ahead of the company's inclusion in the S&P 500.
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