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Buyers believe that aggressive Fed will hold stock marketplace down for the relaxation of 2022, CNBC study displays
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Buyers imagine intense Fed will keep stock industry down for the rest of 2022, CNBC survey exhibits
Finance
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. Source
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Finance
Stocks making the biggest moves premarket: Kenvue, Rivian, Affirm, SolarEdge Technologies and more
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 — […]
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Finance
Alibaba-backed Moonshot releases new Kimi AI model that beats ChatGPT, Claude in coding — and it costs less
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 […]
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