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Moody’s says the banking system, private credit markets are sound despite worries over bad loans
Marc Pinto, the agency's head of global private credit, acknowledged in a CNBC interview that there are concerns over loose lending standards.Read More...
Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion
The companies plan to start robotaxi tests in Luxembourg in the coming months, before expanding to other parts of Europe next year.Read More...
U.S. regulators toss out rules requiring banks to prepare for climate change
The Fed and others no longer believe the requirements are necessary as they are redundant with other provisions banks already make to plan for emergencies.Read More...
Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move
The central bank policymaker indicated that he still expects his colleagues to vote for another quarter-point reduction.Read More...
BlackRock’s crypto push deepens with a retooled product to serve stablecoin issuers
This latest move from Larry Fink's firm aims to further capitalize on the boom in stablecoin demand, BlackRock first told CNBC.Read More...
Alibaba says its AI spending in e-commerce is already breaking even
The Chinese tech giant is spending tens of billions of dollars on AI despite concerns that companies are spending too much on the tech with limited results.Read More...
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