News

Visa and Mastercard execs grilled by senators on 'duopoly,' high swipe fees

Senate Judiciary Committee members say the 'duopoly' has left retailers with no ability to negotiate high interchange fees.

Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen

Financial technology unicorns aren't in a rush to go public even after buy now, pay later firm Klarna filed for a U.S. IPO.

Women prefer to play mobile games. China's Tencent sees an opportunity

Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and other countries in June.

Elon Musk endorses Trump's transition co-chair Howard Lutnick for Treasury secretary

Elon Musk posted on X his endorsement of the billionaire CEO of Cantor Fitzgerald on Saturday.

How to protect your portfolio against risks tied to President-elect Trump's tariff agenda

Astoria Portfolio Advisors CEO John Davi said he thinks the new administration's policies could be "very inflationary."

China set to report retail sales and industrial production data for October

The National Bureau of Statistics is scheduled Friday to release data showing a pickup in growth in October from September.

Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates

"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.

Watch Fed Chair Powell speak live to business leaders in the Dallas area

The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.

Gary Gensler says he was 'proud to serve' as SEC chair, defends his approach to crypto regulation

In what sounded awfully close to a farewell speech, Gensler made only passing reference to his most controversial disclosure rule, on climate change.

It's 'liquidity, stupid': VCs say tech investing is tough amid IPO lull and 'nuts' AI hype

Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite "nuts" funding rounds for AI firms like OpenAI.

Britain's motor finance industry is in crisis – with banks bracing for billions in payouts

Britain's motor finance industry is in disarray.

Chinese AI startup takes aim at OpenAI's Sora with image-to-video tool launch

Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.
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