News

One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models

Chinese companies are releasing new AI models and striving to gain an edge in the AI application race as the country's biggest holiday of the year nears.

Dollar suffers worst one-day slide since last April after Trump says currency hasn't fallen too low

The dollar dropped about 1.3% on Tuesday.

Five years after the GameStop mania, retail investors have become a force Wall Street can’t ignore

"Retail investors are difference-makers. They can move markets with size and conviction," said Tom Lee, head of research at Fundstrat.

China didn’t grab many headlines at Davos, but it's the elephant in the room

The world's second-largest economy is sticking to its calls for global cooperation, which didn't stand out as much as other high-profile speeches at Davos.

Sen. Warren blasts CFPB director for undermining Trump's credit card affordability push

Sen. Elizabeth Warren seized on contradictions within the Trump administration when it comes to his push to make credit cards more affordable for Americans.

There's a new idea of alpha in the market that big money managers are pursuing

Stock pickers can't beat the S&P 500, and market experts say it's time to stop trying and seek broader portfolio alpha across cash, bonds, gold and commodities.

Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal

Capital One's acquisition of Brex is the latest deal under Rich Fairbank, a rare founder-CEO of a major U.S. bank, after its Discover Financial acquisition.

Wall Street braced for a private credit meltdown. The risk of one is rising

Private credit is expected to grow from $3.4 trillion in 2025 to an estimated $4.9 trillion by 2029. Wall Street is starting to raise alarms about the risks.

Nvidia’s Huang to visit China as AI chip sales stall

Nvidia CEO Jensen Huang plans to visit China ahead of the mid-February Lunar New Year, two people familiar with the matter told CNBC.

Rieder odds rising for Fed chair after Trump calls BlackRock executive 'very impressive'

Traders on the Kalshi predictions market raised the odds for Rieder getting the nomination to 33%

Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don’t like what I’m seeing'

American CEOs have mostly avoided direct criticism of Trump's policies over the past year.

Jamie Dimon says U.S. should impose Trump's credit card rate cap in Vermont and Massachusetts

JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump's proposed credit card rate cap in Vermont and Massachusetts.
1 42 43 44 45 46 268