Economy

Marco Bello | AFP | Getty Images Block shares plunged 18% on Friday, their steepest drop since 2020, after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors. In its financial report late Thursday, Block reported earnings of 71 cents per share, falling short of the […]

Coinbase announced Friday that the Securities and Exchange Commission has agreed to drop its enforcement case against the company, pending the approval of the regulator’s commissioners. In 2023, the SEC charged Coinbase with operating an unregistered securities exchange and for failing to properly register its crypto staking program. However, the case was started under former […]

An artificial intelligence concept displaying a business man working with a virtual display Busakorn Pongparnit | Moment | Getty Images Chinese companies are leading the way in the experimentation of generative AI, but they’re still behind the U.S. when it comes to full implementation, according to a new survey. The survey — by AI analytics […]

China customs officers raising a Chinese flag during a rehearsal for a flag-raising ceremony in Shanghai. Qilai Shen | Bloomberg | Getty Images Chinese exchange-traded funds saw a “staggering” growth in the last five years, with inflows consistently notching new highs, according to Morningstar. “Annual inflows to China ETFs surged almost fivefold over the past […]

Nischa Shah was an investment banker for a decade, before becoming a full-time content creator. Nisha Shah Personal finance YouTuber Nischa Shah quit her six-figure investment banking job to become a full-time content creator — and it was a gamble that paid off. After working in banking for a decade, Shah became an associate director […]

Jaap Arriens | Nurphoto | Getty Images Microsoft said it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S. Microsoft’s deputy general counsel, Keith Dolliver, wrote a letter to OpenAI late on Tuesday, saying that the position had provided insights into the […]

French borrowing costs still face a “blowout” over those of Germany, as political and economic reality sets in following the country’s parliamentary electionaccording to veteran investor David Roche. However, former European Central Bank chief Jean-Claude Trichet told CNBC he believes that, despite current uncertainty, a “coalition of ideas” will form to break any deadlock. The […]

STOCKHOLM — Executives at U.S. tech giants Google and Meta said that Europe’s artificial intelligence industry is being held back by excessive regulation, adding to rhetoric from Donald Trump’s administration that the region’s strict tech rules are choking innovation. Speaking at the Techarena tech conference in Stockholm, Sweden, public policy chiefs at both Google and […]

HONG KONG, CHINA – JANUARY 28: In this photo illustration, the DeepSeek apps is seen on a phone in front of a flag of China on January 28, 2025 in Hong Kong, China. Anthony Kwan | Getty Images News | Getty Images DeepSeek’s sudden splash in the large language model space has given China a […]

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly resultsboosted by growth in the company’s cloud Intelligence and e-commerce segments. The Chinese tech giant’s shares soared 14.89%. “We expect the outlook for […]