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Fed Chair Powell asks inspector general to review controversial building project
Powell asked for the review following blistering criticism of the project.Read More...
Alibaba-backed Moonshot releases new Kimi AI model that beats ChatGPT, Claude in coding — and it costs less
Alibaba-backed startup Moonshot released its Kimi K2 model as a low-cost, open source large language model, the two factors underlying DeepSeek's disruption.Read More...
Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations
Office of Management and Budget Director Russell Vought spoke Friday to CNBC's "Squawk Box."Read More...
Why 22 million people may see ‘sharp’ increase in health insurance premiums in 2026
The GOP's so-called "big beautiful bill" cut taxes in many ways, but didn't extend a tax break that lowered health insurance premiums for millions of people.Read More...
China’s deflationary slide is worsening as companies spiral into price wars
From coffee to cars to real estate, there's a recurring pattern in China — companies rush into an industry, then resort to discounts to stay afloat.Read More...
Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street
The arrival of agentic AI at Goldman Sachs, in which programs don't just help with tasks but execute complex jobs, signals a shift on Wall Street.Read More...
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