Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership
Chinese tech company Baidu, best known for its search engine, also operates cloud, mapping and other internet-based services. Bloomberg | Bloomberg | Getty Images Shares of Chinese tech giants Alibaba and Baidu rose Thursday on their partnership with…
Bank of Korea raises rates to 2.75% in first hike in over three years
SEOUL, SOUTH KOREA – 2025/05/07: General view of the headquarters of the Bank of Korea in central Seoul. The Bank of Korea (BOK) is the central bank of South Korea and the institution that issues the Korean won. It was founded on June 12, 1950 in…
New Jersey deli fraud defendant Patten seeks no prison time
Courtroom sketch of James Patten, left, and attorney Ira Sorkin at N.J. District Court in Camden, N.J., Oct. 11, 2022 Source: Elizabeth Williams The final defendant awaiting sentencing in the brazen $100 million New Jersey deli stock manipulation case is…
Fed Chairman Kevin Warsh testifies before Senate banking committee
Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate banking committee, facing questions over the economy and how various factors might impact interest rates. As part of congressionally mandated Capitol Hill appearances for the…
World Cup watch parties gave bars and restaurants a needed boost, Fed says
Soccer fans gather for a watch party at China Basin Park during the World Cup semi-final match between Spain and France on July 14, 2026 in San Francisco, California. Heather Diehl | Getty Images While the FIFA World Cup provided a tourism boost to host…
Trump blasts New York Gov. Hochul over AI data center moratorium
New York Gov. Kathy Hochul and U.S. President Donald Trump. David Dee Delgado | Reuters | Saul Loeb | AFP | Getty Images President Donald Trump slammed New York Gov. Kathy Hochul on Wednesday, saying in a Truth Social post that the state should change…
Hassett: No excuse to raise rates, Warsh will push Fed to right answer
National Economic Council Director Kevin Hassett said Wednesday he sees no argument for hiking interest rates in light of the latest data on the U.S. economy, including an «amazing» inflation report. «There’s not really an excuse for raising rates…
New York Fed President Williams says inflation has peaked, rates ‘well positioned’
New York Federal Reserve President John Williams said Wednesday that he sees multiple signs that inflation has peaked, allowing the central bank to hold interest rates in place despite market expectations for a hike in coming months. In a speech…
SpaceX stock sinks below $135 IPO price for the first time
People gather near a SpaceX advertisement outside the Nasdaq MarketSite, on the day of their initial public offering (IPO) in New York City, U.S., June 12, 2026. Brendan Mcdermid | Reuters SpaceX shares fell for a fourth-straight session on Wednesday,…
IRS chief Frank Bisignano will lead Trump accounts expansion
U.S. Social Security Administration Commissioner Frank Bisignano speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters The U.S.…