News

Bank of America is about to report earnings – here's what to expect

Analysts expect net interest income — the difference in what banks pay depositors and what they earn on loans and investments — to have risen in the period.

Jensen Huang lauds China's AI models as Nvidia gears up to resume chip exports

Huang also praised Chinese companies for taking an open-source approach to AI.

Goldman Sachs is set to report second-quarter earnings — here's what the Street expects

Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.

Jamie Dimon says JPMorgan Chase will get involved in stablecoins as fintech threat looms

JPMorgan Chase is a juggernaut in the global payments industry, helping move nearly $10 trillion daily, so it makes sense that they would explore stablecoins.

JPMorgan Chase is set to report second-quarter earnings – here’s what the Street expects

JPMorgan Chase will give investors a view into how U.S. consumers and corporations fared in the second quarter.

Fed Chair Powell asks inspector general to review controversial building project

Powell asked for the review following blistering criticism of the project.

Alibaba-backed Moonshot releases new Kimi AI model that beats ChatGPT, Claude in coding — and it costs less

Alibaba-backed startup Moonshot released its Kimi K2 model as a low-cost, open source large language model, the two factors underlying DeepSeek's disruption.

Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

Office of Management and Budget Director Russell Vought spoke Friday to CNBC's "Squawk Box."

Why 22 million people may see 'sharp' increase in health insurance premiums in 2026

The GOP's so-called "big beautiful bill" cut taxes in many ways, but didn't extend a tax break that lowered health insurance premiums for millions of people.

China's deflationary slide is worsening as companies spiral into price wars

From coffee to cars to real estate, there's a recurring pattern in China — companies rush into an industry, then resort to discounts to stay afloat.

Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street

The arrival of agentic AI at Goldman Sachs, in which programs don't just help with tasks but execute complex jobs, signals a shift on Wall Street.

Fed considering changes to what constitutes a 'well-managed' bank

Under a proposal put up for comment Thursday, the Fed would allow banks with one "deficient" rating to still be considered well-managed
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