News

Warren Buffett gives away another $5.3 billion, says his children will manage his estate

Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities.

Apple's Vision Pro starts deliveries at a higher price in China than in the U.S.

Apple's mixed-reality headset began deliveries in China on Friday with a retail price 18% higher than in the U.S. 

Chinese smartphone maker Honor says AI's power is 'worthless' without data privacy

The transforming power of artificial intelligence is of no value unless user data is protected, says the CEO of Chinese smartphone company Honor, George Zhao.

IMF says Fed should hold interest rates where they are until 'at least' end of year

IMF managing director Kristalina Georgieva said Thursday that the Federal Reserve should hold off on rate cuts until 'at least' the second half of the year.

Chewy stock pops 34% after Roaring Kitty posts a dog picture, then gives it all back

Shares of the online pet food retailer saw a big roundtrip after Roaring Kitty posted a picture on social media platform X resembling its logo.

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

Last year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed's results.

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn

This year's stress test included JPMorgan Chase and Goldman Sachs, credit card companies including American Express and regional lenders such as Truist.

Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work

The rollout will be a real-world test for the vaunted productivity gains of generative AI, which took the world by storm in late 2022.

China's EV architect says investing in Europe is a way forward

Wan Gang became China's minister of Science and Technology around 2010 and is known for spearheading the country's early push into electric cars.

Your 401(k) is up, and a new report shows increased savings. But Americans need to do more

Returns are up and people are saving more. But account balances for the median 401(k) are too low and Americans are still very reliant on Social Security.

Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says  

Prince Constantijn of the Netherlands told CNBC Europe risks limiting its role in artificial intelligence to being a regulator, rather than an innovator.

The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clear

For China's yuan to be used more globally, the currency needs more "applications" such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange.
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