Japanese markets reacted in a seemingly counterintuitive fashion on Friday after the country's central bank hiked benchmark interest rates to their highest in 31 years. Interest-rate increases ordinarily support a country's currency, push up its bond yields, and put pressure on its stock market. Japan's currency, bond yields, and stock...
Month: September 2026
GM touts new V-8 engines in revived ‘truck wars’ with Ford, Ram amid lackluster EV sales
A General Motors employee at the automaker's Flint Engine plant working on Sept. 16, 2026 to assemble one of its new 5.7-liter Small Block V-8 engines.Michael Wayland / CNBCDETROIT — The buzzing of all-electric vehicles has once again been overtaken by the revving of V-8 engines in the Motor City...
Jeff Gundlach says the Fed should have hiked rates by more to fight rising inflation
The Federal Reserve should have hiked rates by more on Wednesday instead of a just a quarter point, according to Jeff Gundlach, founder of DoubleLine."I would have called that stun and done," Gundlach said Wednesday on CNBC's "Closing Bell," a play on the term "one and done" referring to the...
A Chinese AI company just connected its model to Wall Street’s leading data providers
BEIJING — The Chinese artificial intelligence startup behind the Kimi model said Thursday that financial industry giants, including investment banks, funds and venture capital firms are using its Kimi models on AI tools.Among the companies now using Kimi are investment bank CICC and venture capital firms such as Sequoia China,...
Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
Kevin Warsh, chairman of the US Federal Reserve, and Andrew Bailey, governor of the Bank of England at the Jackson Hole Economic Symposium in Moran, Wyoming, on Aug. 28, 2026.David A. Grogan | CNBCThe Bank of England left interest rates unchanged on Thursday, despite inflation rising well above its 2%...