Fed Chair Powell asks inspector general to review controversial building project

Key Points

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue.
“We’ve got a real problem of oversight and excess spending,” Kevin Hassett, director of the National Economic Council, said Monday on CNBC.

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Finance

Stocks making the biggest moves midday: Autodesk, PayPal, Rivian, Nebius, Waters and more

July 14, 2025

Check out the companies making headlines in midday trading: Autodesk — The design software maker rose more than 5% after Bloomberg News reported , citing people familiar with the matter, that it ended a plan to potentially buy out PTC . The possible acquisition was first reported by Bloomberg last Wednesday . PTC fell about […]

Finance

Stocks making the biggest moves premarket: Kenvue, Rivian, Affirm, SolarEdge Technologies and more

July 14, 2025

Check out the companies making headlines in premarket trading. Kenvue — The Neutrogena-maker jumped 4.5% after the company said its CEO Thibaut Mongon has stepped down . Kenvue said its board is conducting a strategic review of the company and is considering a range of possible alternatives, such as simplifying the company’s portfolio. nCino — […]

Finance

Alibaba-backed Moonshot releases new Kimi AI model that beats ChatGPT, Claude in coding — and it costs less

July 14, 2025

Key Points Alibaba-backed startup Moonshot released late Friday night its Kimi K2 model as a low-cost, open source large language model, with a focus on coding capabilities. Moonshot claimed Kimi K2 surpassed Claude Opus 4 on two benchmarks, and had better overall performance than OpenAI’s coding-focused GPT-4.1 model, according to several industry metrics. Coincidentally, OpenAI […]