Author: Daniel snow

China’s second-quarter GDP grows 5.2%, topping market expectations

By

[ad_1] High rise buildings, including the China Zun or CITIC Tower (L, back) is seen at the Central Business Distric (CBD) from the Tuanjiehu park in Beijing on June 2, 2025. Adek Berry | Afp | Getty ImagesChina’s economy grew at a slower clip in the second quarter, as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn, raising pressure on Beijing to step up stimulus to underpin growth.China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National Bureau of Statistics on Monday, slightly beating Reuters-polled economists’…

Read More

Block leads fintech rebound, analysts downplay JPMorgan data fee risk

By

[ad_1] Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021. Handout | Via ReutersBlock jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and…

Read More

Deal-making across Wall Street is ramping up, Jim Cramer says

By

[ad_1] CNBC’s Jim Cramer on Monday said deal-making in the corporate world is starting to heat up, telling investors to expect more action in the coming months.”You don’t get a wave of deals out of nowhere. You get a ripple, and then ever bigger waves,” he said. “Right now, we’re in the ripple stage. That’s when it’s best to do some buying.”A wave of deal-making doesn’t start out large, Cramer explained, and added that the market isn’t paying attention to some important deals. He brushed off a recent downgrade of deal-making powerhouse Goldman Sachs, adding that mergers are not just…

Read More

Andrew Cuomo runs for New York mayor against Mamdani

By

[ad_1] Former New York governor and New York City mayoral candidate Andrew Cuomo speaks during his primary election night rally in New York City, U.S., June 24, 2025. Kylie Cooper | ReutersAndrew Cuomo launched an independent bid to become mayor of New York City on Monday, setting up a rematch in November with frontrunner Zohran Mamdani, the Democratic nominee.Cuomo promised an overhaul of his failed primary campaign against Mamdani, a 33-year-old state assemblyman and self-described democratic socialist. But he also vowed to drop out of the race in September if another candidate looked to have a better shot at defeating…

Read More

San Francisco rolls out Microsoft’s Copilot AI for 30,000 city workers

By

[ad_1] San Francisco Mayor Daniel Lurie announced Monday that generative artificial intelligence will be available to 30,000 workers across the city’s government, leaning into the city’s role as a leader in AI.The city will use Microsoft 365 Copilot Chat, powered by OpenAI’s GPT-4o, for employees like nurses and social workers to improve city services. “It’s going to allow us to use LLMs and produce faster response times,” Lurie said.Lurie’s administration said the move will make San Francisco one of the world’s largest local governments to leverage AI.City hall said Copilot will be made across its departments to tackle administrative work…

Read More