News

More states expected to roll out Inflation Reduction Act energy-efficiency rebates this summer

New York was the first state to launch a consumer rebate program created by the Inflation Reduction Act.

Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project

"Dell is assembling half of the racks that are going into the supercomputer that xAI is building," Musk said, adding that Super Micro will also be involved.

Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady

Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year.

Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

British fintech firm Zilch says it's raised $125 million in debt from Deutsche Bank to help it further its path toward an eventual initial public offering.

Steve Cohen is set to make a big push into investing in AI

Steve Cohen's Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom.

American households have seen their purchasing power increase

Wage growth has surpassed inflation for a year, meaning households have seen their buying power increase.

Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

The Omaha, Nebraska-based conglomerate purchased Occidental shares every trading day from June 5 to Monday.

Google's Android apps are coming in 3D via Xreal as competition with Apple's Vision Pro heats up

Games and movies on Google Play Store apps can now be viewed in 3D via a new Android mobile device from augmented reality glasses maker Xreal, the startup said.

Sen. Warren warns Powell against weakening banking regulations: 'Do your job’

Bank CEOs have said the Basel III Endgame capital increases are unnecessarily aggressive and would force the industry to curtail lending.

GameStop drops more than 12%, hits session lows after annual meeting fails to offer details on firm's strategy

The meme stock fell about 12% as its rescheduled shareholder event wrapped up with no detailed remarks about the company's strategies.

Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%

Warren Buffett's conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.

Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure

Autodesk has been under deep scrutiny over an accounting scandal that led to the resignation of its CFO over potentially inflated financial metrics.
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