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Chinese businesses rush to try DeepSeek AI at 'unprecedented' scale

Chinese businesses are tapping DeepSeek's newest AI model to see how it can improve productivity.

  • 13.02.2025

CFPB’s new leadership begins staff purge with dozens of employees terminated

The terminations have sowed more confusion at the bureau, as several of those being laid off had already accepted federal buyout offers, said one of the people.

  • 12.02.2025

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.

  • 12.02.2025

The New York Stock Exchange is launching an exchange in Texas

The NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas.

  • 12.02.2025

Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal

Zelle said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.

  • 12.02.2025

Warren Buffett's Berkshire buys more Occidental after 30% sell-off from record high

The Omaha, Nebraska-based conglomerate scooped up 763,000 shares of the Houston-based oil and gas producer on Friday for $35.7 million, according to a filing.

  • 12.02.2025

Watch Fed Chair Powell speak live before House Financial Services Committee

Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.

  • 12.02.2025

Fintech unicorn Zepz to lay off 20% of its global workforce, sources say

London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.

  • 12.02.2025

Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market

Baidu plans to release the next generation of its model for powering generative AI applications in the second half of this year, according to a source familiar with the matter.

  • 12.02.2025

Ken Griffin says Trump's 'bombastic' trade rhetoric is a mistake that's eroding trust in the U.S.

The billionaire hedge fund founder's comments came after Trump on Monday evening signed an order that would impose 25% tariffs on steel and aluminum imports.

  • 11.02.2025

Powell squashes the possibility that the Fed will develop its own digital currency

Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.

  • 11.02.2025

Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.

  • 11.02.2025

CFPB heads of supervision and enforcement announce resignations after stop-work order

The resignations add further to uncertainty at the CFPB, which has been targeted by trade groups and conservatives for years.

  • 11.02.2025

Dominari Holdings shares surge 30% after Donald Trump Jr. and Eric Trump join advisory board

Donald Trump Jr. and Eric Trump participated in a recent private placement in the holding company.

  • 11.02.2025

Watch Fed Chair Powell testify live before the Senate Banking Committee

Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.

  • 11.02.2025

Italy's UniCredit guides 2025 revenue slowdown after fourth-quarter profit beat

Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.

  • 11.02.2025

BYD shares hit record high after EV maker rolls out driver assistance tech with DeepSeek's AI help

Advanced smart driving will become a standard safety feature similar to seatbelts and air bags, BYD's founder and chairman Wang Chuanfu said.

  • 11.02.2025

Consumer Financial Protection Bureau staff told to 'stand down' from all work

CFPB employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo.

  • 10.02.2025

GameStop, MicroStrategy shares rise after Ryan Cohen posts photo with Michael Saylor

Cohen uploaded the photo over the weekend on X, sparking speculation that GameStop is plotting another strategy around crypto.

  • 10.02.2025

Trump takes aim at 'wasteful' government spending by ordering end to penny production

The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce 'wasteful' government spending.

  • 10.02.2025

Trump 2.0 may create powerful tailwinds for two vastly different groups: big banks and small caps

Two exchange-traded fund experts deliver plays that should deliver multi-year gains.

  • 09.02.2025

Many workers would take a pay cut to work from home — some would forgo at least 20% of their salary

Workers cite the work-life balance afforded by hybrid or fully remote jobs as the biggest benefit.

  • 07.02.2025

How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks

The Astoria Portfolio Advisors CEO warns the S&P 500 is weighted too heavily toward Big Tech.

  • 07.02.2025

Stocks making the biggest moves after hours: Amazon, Pinterest, Expedia and more

These are the stocks posting the largest moves in extended trading.

  • 07.02.2025

How the U.S. has used tariffs throughout history — and why Trump is different, economists say

President Donald Trump's use of tariffs in his second term defies many historical norms, say economists and historians.

  • 06.02.2025

Bank stocks pop after Fed releases 'easier' 2025 stress test, plans to make exam more predictable

The stress test changes bolster the case made by Wall Street analysts that U.S. banks will face a friendlier regulatory regime under the Trump administration.

  • 06.02.2025

China says will protect its own interests in face of U.S. 'bullying'

China has toughened its tone following the Trump administration's opening salvo of tariffs.

  • 06.02.2025

Huawei revenue rises at fastest pace since 2016 on the back of consumer segment growth

Chinese telecommunications and smartphone giant Huawei continues to grow and take market share from Apple, despite U.S. restrictions.

  • 06.02.2025

Warren Buffett's Berkshire Hathaway scoops up more Sirius XM, boosting stake to 35%

The Omaha, Nebraska-based conglomerate purchased roughly 2.3 million shares for about $54 million in separate transactions Thursday through Monday.

  • 04.02.2025

Ken Griffin's multistrategy hedge fund at Citadel rose 1.4% in volatile January

Citadel's multistrategy flagship Wellington fund climbed 1.4% in January, following a 15.1% gain in 2024.

  • 04.02.2025