News
Michael Burry says he's still betting against Palantir after Trump post boosts stock
9+ hour, 13+ min ago (299+ words) Michael Burry is sticking with his bearish wager against Palantir Technologies, even after a public endorsement from President Donald Trump helped lift the stock. The investor of the "Big Short" fame said in a Substack post Friday that he continues…...
Behind China's 'active efforts' for an Iran ceasefire: Business trumps politics
17+ hour, 6+ min ago (915+ words) BEIJING " China's ties with countries such as Iran and Russia have raised expectations of a bigger diplomatic role, but Beijing remains focused on protecting its own domestic interests, including global exports. That stance underpins Beijing's circumspect acknowledgment of reports that…...
Alibaba leads $290 million investment for building a new kind of AI model as LLM limits emerge
23+ hour, 29+ min ago (476+ words) BEIJING " Alibaba Cloud is investing in a new type of artificial intelligence designed to better replicate the real world using a different approach from chatbots such as Open AI's Chat GPT. The shift recognizes the limits of "large language models…...
Fed officials still foresee rate cut this year, despite war impacts, minutes show
2+ day, 7+ hour ago (18+ words) Policymakers said they would need to remain "nimble" as they weighed the impact the war had on inflation....
Ray Dalio: Trump-Xi meeting to focus on trade, capital flows
2+ day, 16+ hour ago (512+ words) SHANGHAI/BEIJING " Hedge fund magnate Ray Dalio is optimistic that a highly anticipated meeting next month of the U. S. and Chinese presidents can go a long way toward soothing bilateral tensions. "The next meeting will have a particular emphasis on trade,…...
Upstart Wall Street research firm says it sent an analyst to Strait of Hormuz. Here's what they learned
4+ day, 6+ hour ago (326+ words) As the world's oil traders parsed satellite images and official statements for clues on the fate of the Strait of Hormuz, one research firm seems to have taken a different approach: It claims that it sent an analyst directly into…...
JPMorgan CEO Jamie Dimon in annual letter cites risks in geopolitics, AI and private markets
4+ day, 15+ hour ago (715+ words) JPMorgan Chase CEO Jamie Dimon is calling for a broad recommitment to American ideals as his bank navigates geopolitical uncertainty, a teetering economy and the revolutionary impact of artificial intelligence. Dimon, the longtime leader of the world's largest bank by…...
Blue Owl caps private credit funds redemptions at 5% after steep request levels
1+ week, 1+ day ago (312+ words) Blue Owl is experiencing elevated redemption requests for two of its private credit funds, according to letters to shareholders issued Thursday. The firm's flagship OCIC fund, with about $36 billion in assets under management, received redemption requests of about 21. 9% of shares…...
Visa launches new AI tools to manage the charge dispute process
1+ week, 2+ day ago (433+ words) Visa is launching six new tools using artificial intelligence to modernize the process of disputing credit card charges, the company told CNBC exclusively. The digital payments company said the tools are designed to reduce the costs and frustration of "outdated…...
Warren Buffett says Iran bomb would make nuclear disaster harder to avoid
1+ week, 3+ day ago (210+ words) Warren Buffett warned that the spread of nuclear weapons is making the world a more dangerous place, saying the prospect of Iran acquiring a bomb would heighten the risk of a catastrophic conflict. The Berkshire Hathaway chairman said the growing…...