IRS chief sets 70 million-child goal for Trump Accounts
Frank Bisignano said wider distribution through tax preparers, banks and incentives could push Trump Accounts toward broad family...
Read →
Section
Stocks
Fireworks reaches $17.5 billion valuation in open-model AI push
The Nvidia-backed startup raised $1.5 billion as companies look for cheaper ways to run AI models inside their own software.
Read →
Cramer wants proof that AI spending is boosting profits
CNBC’s Jim Cramer said companies need to show measurable returns from AI, not just bigger spending by cloud, chip and infrastructu...
Read →
Bank of Korea lifts key rate to 2.75% as inflation pressure builds
South Korea’s central bank made its first rate increase since January 2023, matching Reuters-polled economists’ expectations.
Read →
IRS tax lien filings rise as collections return from pandemic lows
IRS data show federal tax lien notices rose 36% since fiscal 2022, raising credit and job concerns for taxpayers with unpaid balan...
Read →
SK Hynix drops as AI chip sell-off hits Asian tech shares
Asian semiconductor shares fell Thursday after U.S. chip stocks sold off, with SK Hynix reversing much of its prior-session rally.
Read →
Foreign investors rotate into Indian bonds as stock outflows build
Overseas investors have bought $7.7 billion of Indian debt this year while selling $27.6 billion of equities, according to NSDL da...
Read →
Alibaba and Baidu rise after China approves Apple AI services
Hong Kong shares of Alibaba and Baidu climbed after Chinese regulators listed Apple Intelligence among approved smartphone AI serv...
Read →
Grocery shoppers are buying less, putting food stocks under pressure
Bain data shows grocery unit sales fell in June as higher prices pushed shoppers toward cheaper brands, deals and smaller baskets.
Read →
U.S. sets 25% tariff on most Brazilian imports starting July 22
Washington says Brazil used unfair trade practices, while a separate forced-labor probe could add another duty on top of the new t...
Read →
TSMC profit tops estimates as advanced chips drive another record quarter
The world’s largest contract chipmaker beat second-quarter forecasts as demand for high-end processors kept revenue and profit cli...
Read →
Former Fed adviser sentenced for lying about China contacts
John Harold Rogers received more than three years in prison after a jury found he lied to investigators about sharing nonpublic Fe...
Read →