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Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive
The policymaker stopped just short of calling for an interest rate hike.
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Z.ai shares surge 8% after releasing new AI model running only on Chinese chips
The Chinese AI company said it had already launched the model globally in stealth mode for a week.
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HP inks deal with U.S.-blacklisted Huawei for licensing the Chinese company's WiFi tech
It's a sign of adoption of Huawei technology outside China, despite the U.S. restricting the company from working with American suppliers such as Google.
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China's short-drama producers flood the market with cheap bets — and let audiences pick the winners
The short-drama model offers an alternative to traditional entertainment, but rising distribution costs and audience-retention challenges remain.
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China needs U.S. dollars but is building a hedge against Washington’s sanctions
The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.
Prediction market traders doubtful Bessent’s bond interventions will push yields lower
Speculators still see yields hitting new highs in 2026 and ending the year at levels elevated from where they're currently trading.
Goldman Sachs partner warns of 'huge danger' in letting AI replace bankers' reasoning skills
Goldman Sachs is embracing AI, but one of its senior tech leaders warns that it comes with an unintended risk: weakening the reasoning skills of future bankers.
Crypto extends gains after biggest 3-day rally since 2023
Bitcoin and crypto stocks extended their rally after the flagship cryptocurrency broke out of its trading range.
Alibaba plunges after announcing $10.2 billion share placement to fund AI push
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
Wells Fargo and Citigroup have room to buy a big bank. These 5 regionals fit the bill
Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.
Kalshi traders think the bitcoin rally could end the year near current levels
Speculators on the prediction market platform think it's most likely that the cryptocurrency will end 2026 close to where it's now trading.
Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agency
Matt Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano tackle modernization of the SSA, CNBC has learned.