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CEO of Southeast Asia's largest bank says AI adoption is already paying off: ‘It’s not hope, it’s now’

Amid fears of an AI bubble, much has been made of recent reports suggesting that AI has yet to generate returns for companies investing billions into the tech.

Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts

Fed Chair Jerome Powell wasn't kidding a couple weeks ago when he said a December rate cut wasn't in the bag.

TKO, Polymarket strike multiyear deal to integrate prediction markets into UFC events

The deal makes UFC and Zuffa Boxing the first sports organizations to incorporate prediction market technology into live events.

Boston Fed President Collins advocates holding rates steady, sees 'high bar' for further cuts

Collins on Wednesday said she will be reluctant to support further interest rate cuts anytime soon with inflation still high.

Skims valued at $5 billion after new funding round as it accelerates store expansion

Kim Kardashian's Skims raised $225 million from Goldman Sachs, valuing the brand at $5 billion. The capital will fund expansion and could delay an expected IPO.

Lawmakers just released a much-awaited crypto market structure bill. Here's what it means for digital assets and what comes next

The Senate Agriculture Committee released a draft of its part of a crypto market structure bill, which could help advance the U.S. digital assets industry.

'Big Short' investor Michael Burry accuses AI hyperscalers of artificially boosting earnings

Burry alleged that "hyperscalers" are artificially boosting earnings by extending the useful life of their computer equipment.

Trump proposes 50-year mortgage, but some say homeowner savings would be minimal

The intended purpose of a longer-term mortgage would be to lower the monthly payment for homeowners. But a lower monthly payment, has other trade-offs.

Warren Buffett to step up giving away fortune to his children’s foundations, while supporting successor Abel

Buffett, in a Thanksgiving letter, said he needs to accelerate the disbursement of his Berkshire stock to his three children's foundations.

Miran says half-point cut 'appropriate' for December, but Fed should at least reduce by a quarter point

Federal Reserve Governor Stephan Miran spoke Monday to CNBC.

Too early to bet against AI trade, State Street suggests 

State Street' Anna Paglia is reiterating her bullish stance on artificial intelligence stocks despite the Nasdaq’s worst week since April.

Fed's Miran says stablecoin surge could help push interest rates lower

The central banker said the Fed might need to lower its own policy rate to avoid unintentionally slowing the economy.
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