Kioxia Shares Hit New High After AI Fuels Huge Profit Increase
(Bloomberg) — Kioxia Holdings Corp.’s shares rose 16% to a new high on Monday, as buy orders flooded…
PBOC Warns on Imported Inflation, Focuses on Policy Transmission
(Bloomberg) — China’s central bank has warned on the risks of imported inflation from higher oil prices stemming…
China’s Economy Is Entering Another Quarter of K-Shaped Growth
(Bloomberg) — Chinese consumption probably expanded far slower than the pace of industry in April, as trade remained…
OpenAI, Plaid to Bring Tailored Financial Guidance to Masses
(Bloomberg) — OpenAI is partnering with Plaid Inc. to give consumers using ChatGPT personalized financial advice based on…
Gilts Slump in Anticipation of Burnham Challenge to Starmer
(Bloomberg) — UK government bonds tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir…
Hackers Armed With AI Stoke Fears for $130 Billion Crypto Sector
(Bloomberg) — The crypto hacks came a little over two weeks apart in April, netting the attackers almost…
Alibaba shares surge 7% in Hong Kong as firm accelerates pivot to AI
Shares of Alibaba Group Holding opened up 7.8 per cent in Hong Kong, after the firm reported strong…
China’s $3 Trillion of Hidden Bad Debt Prolongs Economic Pain
(Bloomberg) — By any measure, Tom Hu should be in default on a $730,000 bank loan for his…
A former SEC official compares CITs to buying a car without a seatbelt — and they’re taking over Americans’ 401(k)s
Like many Americans, I have a percentage of my salary put into my 401(k) every paycheck. When I…
From ‘Taco’ to ‘Nacho’: the new buzzword on Wall Street as Trump preps for China trip
With a fragile US-Iran ceasefire barely holding, the Strait of Hormuz still blockaded, and all eyes on the…
US Said to Suspect Nvidia Chips Smuggled to Alibaba Via Thailand
(Bloomberg) — A key company behind Thailand’s national AI effort is suspected of helping to smuggle billions of…
Fed Data Suggest Japan Sold US Debt Amid Intervention
(Bloomberg) — The Federal Reserve’s custody holdings of Treasuries fell for the first time in a month at…