News

Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion

The companies plan to start robotaxi tests in Luxembourg in the coming months, before expanding to other parts of Europe next year.

U.S. regulators toss out rules requiring banks to prepare for climate change

The Fed and others no longer believe the requirements are necessary as they are redundant with other provisions banks already make to plan for emergencies.

Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move

The central bank policymaker indicated that he still expects his colleagues to vote for another quarter-point reduction.

BlackRock’s crypto push deepens with a retooled product to serve stablecoin issuers

This latest move from Larry Fink's firm aims to further capitalize on the boom in stablecoin demand, BlackRock first told CNBC.

Alibaba says its AI spending in e-commerce is already breaking even

The Chinese tech giant is spending tens of billions of dollars on AI despite concerns that companies are spending too much on the tech with limited results.

Fintech startup Upgrade valued at $7.3 billion in new funding round

Upgrade raised $165 million in a new funding round that valued the fintech startup at $7.3 billion.

CEOs of Wells Fargo and Pfizer caution the U.S. could lose its edge to China without innovation

Speaking at CNBC's Invest in America Forum, the CEOs said the U.S. still leads in many sectors, but inconsistent policy and underinvestment is ceding ground.

Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people

Even during a blockbuster year for Wall Street as trading and investment banking spins off billions of dollars in revenue, the banks are hiring fewer people.

Fed's Miran sees China trade tensions as a further reason for quick interest rate cuts

Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook.

Apple rival Honor launches AI phone tools that help users get online shopping discounts and more

Honor expects people will turn more to AI assistants rather than smartphone apps directly, President of Products Fei Fang told CNBC in an exclusive interview.

Honor reveals a new smartphone with a fold-out robotic camera arm

Chinese smartphone company Honor said it would release more details about the artificial intelligence-powered robot phone next year.

Morgan Stanley posts massive third-quarter earnings beat

Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal environment.
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