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Powell sent senators details on $2.5bn Fed project following testimony

Letter seen by FT appears to undermine claims that chair of US central bank misled Congress over renovation...

Tesla's Cybertruck is falling far short of Elon Musk's ambitious sales targets

Tesla CEO Elon Musk unveils the Cybertruck at an event in 2019. FREDERIC J. BROWN/AFP via Getty Images Things are not looking great for Elon Musk's Cybertruck. Tesla sold just over 20,000 of the "...

1dBusiness Insiderautomotive

China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months

China’s central bank strengthened the yuan’s daily fixing for a third consecutive session to a nearly 16-month high, as the currency also held firm in offshore markets despite recent US dollar strengt...

1dSouth China Morning PosteconomicsImpact

Warren seeks delay to World Liberty bank bid until Trump cuts ties

“We have never seen financial conflicts or corruption of this magnitude,” said Senator Elizabeth Warren on US President Donald Trump's links to World Liberty Financial....

16hCoinTelegraphPoliticsImpact

World central banks rally behind Powell, stress Fed independence

Crypto experts say political pressure on the US Federal Reserve could drive volatility but also shift flows toward Bitcoin and gold in the long run....

1dCoinTelegrapheconomicsImpact

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday. CFO Jeremy Barnum discussed how reduced interest ...

1dBusiness InsidereconomicsImpact

How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

Business leaders like Klarna's CEO support Trump's credit card cap proposal, while major banks and investors warn of risks. BRENDAN SMIALOWSKI/AFP via Getty Images Donald Trump proposes a 10% cap on c...

7hBusiness InsiderPoliticsImpact

Macron brandishing 'threat of dissolution' as budget talks resume, although 'unlikely'

Crucial budget talks are resuming in French parliament, as MPs have failed to secure the 2026 budget in time last year. President Emmanuel Macron has brandished the threat of dissolution in case parti...

1dFrance 24PoliticsImpact

UBS conveys upbeat note on Chinese stocks in 2026 as global investors seek diversification

UBS Group conveyed a sanguine outlook on Chinese stocks in 2026, as the world’s second-largest economy proved to be an important alternative for global investors seeking to diversify away from US equi...

1dSouth China Morning Posteconomics

One thing that might get workers to embrace AI? The 4-day workweek.

Working fewer days might help create buy-in among workers for adopting AI, authors of a book on the four-day workweek suggest. Drew Angerer/Getty Images Adopting a four-day workweek could boost employ...

8hBusiness InsiderTechnologyImpact

Walmart's head of AI reveals the key difference between its shopping deals with Google Gemini and ChatGPT

AI chatbots are increasingly able to buy things on users' behalf, a concept known as agentic commerce. Philip Dulian/picture alliance via Getty Images OpenAI broke new ground when it enabled shopping ...

1hBusiness InsiderTechnology

Dell tells staff to get ready for the 'biggest transformation in company history.' Read the memo.

Michael Dell, CEO and founder of Dell. John Lamparski/Getty Images Dell has told its employees to expect a companywide systems overhaul in May. Top exec Jeff Clarke told workers it would be the "b...

23hBusiness InsidereconomicsImpact

Point72 sells off stakes of fintech startups to Goldman Sachs and others

Steve Cohen is the owner of the New York Mets. Joe Raedle/Getty Images A new continuation vehicle has acquired stakes in Point72's fintech startups, a press release states. The new fund raised $280 mi...

5hBusiness InsidereconomicsImpact

Tesla to stop selling FSD as a standalone package and switch to subscription only

Tesla Model Y electric vehicles (EV) at a dealership in Colma, California, US, on Tuesday, July 1, 2025. As its sales continue to slip and its robotaxi strategy seems to falter , Tesla CEO Elon Musk s...

4hThe VergeTechnology

Welcome to the era of the megamanager

Middle managers are taking on more direct reports after the "Great Flattening." dowell/Getty Images The average number of reports for managers is increasing as the "Great Flattening" p...

7hBusiness InsidereconomicsImpact

There's a new way to make money from real estate — without ever buying a home

Getty Images; Tyler Le/BI For most Americans, every home purchase is a bit of a gamble. Is now the right time to jump into the market? Can I haggle on the price a bit more? What if mortgage rates drop...

9hBusiness Insiderreal_estateImpact

The world's central bankers are rallying around Fed chair Jerome Powell in his fight with Trump

Powell typically abstains from directly engaging with Trump's personal attacks. Al Drago/Getty Images The world's most senior bankers have rallied around embattled Federal Reserve Chair Jerome Powell....

1dBusiness InsiderPoliticsImpact

Trump's sweeping proposals for credit cards and student debt could be a big deal for other lenders

Proposed policy changes could lead more consumers to turn to private or personal loans. Tatiana Maksimova/Getty Images New caps on student-loan borrowing could prompt more Americans to turn to private...

7hBusiness InsidereconomicsImpact

Warhammer Maker Games Workshop Bans Its Staff From Using AI in Its Content or Designs, Says None of Its Senior Managers Are Currently Excited About the Tech

Warhammer maker Games Workshop has banned the use of AI in its content production and its design process, insisting that none of its senior managers are currently excited about the technology. Deliver...

1dIGNTechnologyImpact

I raised $500,000 at 21 by selling a share of my future earnings. It's how I solved having great ideas but no capital.

Kirill Avery is the CEO and founder of Alien. Courtesy of Kirill Avery Kirill Avery sold a percentage of his future earnings to fund startups like Alien and Human. He used a SAFE agreement to raise $5...

4hBusiness InsidereconomicsImpact

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Powell sent senators details on $2.5bn Fed project following testimony

Tesla's Cybertruck is falling far short of Elon Musk's ambitious sales targets

China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months

Warren seeks delay to World Liberty bank bid until Trump cuts ties

World central banks rally behind Powell, stress Fed independence

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

Macron brandishing 'threat of dissolution' as budget talks resume, although 'unlikely'

UBS conveys upbeat note on Chinese stocks in 2026 as global investors seek diversification

One thing that might get workers to embrace AI? The 4-day workweek.

Walmart's head of AI reveals the key difference between its shopping deals with Google Gemini and ChatGPT

Dell tells staff to get ready for the 'biggest transformation in company history.' Read the memo.

Point72 sells off stakes of fintech startups to Goldman Sachs and others

Tesla to stop selling FSD as a standalone package and switch to subscription only

Welcome to the era of the megamanager

There's a new way to make money from real estate &mdash; without ever buying a home

The world's central bankers are rallying around Fed chair Jerome Powell in his fight with Trump

Trump's sweeping proposals for credit cards and student debt could be a big deal for other lenders

Warhammer Maker Games Workshop Bans Its Staff From Using AI in Its Content or Designs, Says None of Its Senior Managers Are Currently Excited About the Tech

I raised $500,000 at 21 by selling a share of my future earnings. It's how I solved having great ideas but no capital.

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Powell sent senators details on $2.5bn Fed project following testimony

Tesla's Cybertruck is falling far short of Elon Musk's ambitious sales targets

China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months

Warren seeks delay to World Liberty bank bid until Trump cuts ties

World central banks rally behind Powell, stress Fed independence

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

Macron brandishing 'threat of dissolution' as budget talks resume, although 'unlikely'

UBS conveys upbeat note on Chinese stocks in 2026 as global investors seek diversification

One thing that might get workers to embrace AI? The 4-day workweek.

Walmart's head of AI reveals the key difference between its shopping deals with Google Gemini and ChatGPT

Dell tells staff to get ready for the 'biggest transformation in company history.' Read the memo.

Point72 sells off stakes of fintech startups to Goldman Sachs and others

Tesla to stop selling FSD as a standalone package and switch to subscription only

Welcome to the era of the megamanager

There's a new way to make money from real estate &mdash; without ever buying a home

The world's central bankers are rallying around Fed chair Jerome Powell in his fight with Trump

Trump's sweeping proposals for credit cards and student debt could be a big deal for other lenders

Warhammer Maker Games Workshop Bans Its Staff From Using AI in Its Content or Designs, Says None of Its Senior Managers Are Currently Excited About the Tech

I raised $500,000 at 21 by selling a share of my future earnings. It's how I solved having great ideas but no capital.

There's a new way to make money from real estate — without ever buying a home

There's a new way to make money from real estate — without ever buying a home