News

UK inflation rate surprises with rise to 4%, led by alcohol and tobacco

U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.

'Caught off guard': OpenAI CEO Sam Altman opens up about being fired by the board

OpenAI CEO Sam Altman speaks out about being unexpectedly fired by the board in November, and said he felt "super confused" and was "super caught off guard."

China misses fourth-quarter GDP estimates, resumes posting youth unemployment data

GDP for the last three months of 2023 rose by 5.2%, missing analysts' estimates of 5.3% in a Reuters poll.

China's economic growth is set to slow in 2024. Here's what Wall Street is predicting

Major investment banks expect China's economy to grow at a slower pace in 2024 than in 2023, according to forecasts released in the last few months.

OpenAI's Sam Altman says human-level AI is coming but will change world much less than we think

Sam Altman said concerns that AI will one day become so powerful that it dramatically reshapes and disrupts the world are overblown

Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules

A new open letter alleges Big Tech "gatekeepers" like Google, Microsoft, and Apple haven't done enough to comply with the EU's strict Digital Markets Act.

Morgan Stanley revenue tops estimates, helped by strong investment banking business

Morgan Stanley reported fourth-quarter earnings before the bell Tuesday that were lower than a year ago.

Trump is a 'transactional president' but may not rock the boat on China, Standard Chartered CEO says

Trump would be "transactional" if he returns to power but is unlikely to blow up Biden's rebuilding of relations with China, says StanChart's Bill Winters.

China's premier tells Davos that innovation shouldn't be used to restrict other nations

Chinese Premier Li Qiang was speaking Tuesday at the World Economic Forum in Davos, Switzerland.

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

Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO David Solomon's failed consumer banking efforts.

'Very good chance' that U.S. passes stablecoin laws this year, Circle CEO says

Circle CEO Jeremy Allaire said that 2024 is likely the year that the U.S. passes concrete laws for the $135.3 billion stablecoin market.

Why spot ETFs may be a game changer for bitcoin

The SEC's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing.
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