The Zhipu or Z.ai logo is pictured on a smartphone on Aug. 14, 2026.Cfoto | Future Publishing | Getty ImagesBEIJING — Chinese artificial intelligence company Z.ai released a new model Wednesday that the company claims uses entirely homegrown semiconductors to operate.Called GLM-5.3-Flash, the low-cost version of Z.ai's flagship model ranks...
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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
Prices consumers pay for a variety of goods and services rose slightly in July, according to the Federal Reserve's main inflation gauge.The personal consumption expenditures price index, which the Fed uses as its preferred forecasting tool, increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at...
Prediction market traders doubtful Bessent’s bond interventions will push yields lower
Treasury Secretary Scott Bessent during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building in Washington, April 22, 2026.Chip Somodevilla | Getty ImagesTreasury Secretary Scott Bessent is seeking to cap rising yields using a variety of tools at his department's...
Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases of government bonds, according to two senior Treasury officials.Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields. The Treasury surprised markets last week with...
More tech millionaires are using donor-advised funds for tax savings and giving
Businessman working in the officePixelfit | E+ | Getty ImagesThe surge in IPOs and valuations for private tech companies is creating a secondary boom in donations of shares to donor-advised funds, or DAFs, according to a new study.Three quarters of the gifts to DAFgiving360 over the past 12 months were...