Texas economy growth moderates but remains strong: Wells Fargo
Wells Fargo (NYSE:WFC) economists noted that the Texas economy, while cooling from its post-pandemic surge, continues to outpace the national average in employment and GDP growth. The state’s nonfarm payroll growth has slowed, aligning more closely with pre-pandemic
TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning
By Liam Mo and Brenda Goh BEIJING (Reuters) – TikTok owner ByteDance on Wednesday released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAI’s latest reasoning model products, as a global race intensified to create AI models capable
UBS predicts US 10-year bond yield to hit 4.25% by end-2025
UBS is out with its latest forecast for the US 10-year bond yield, predicting it will rise to 4.25% by the end of 2025, with the 2-year note yield expected at 3.65%. The research firm indicated that in the near
15 Chinese provinces revise 2025 GDP growth targets
Investing.com — Fifteen provinces in China have revised their GDP growth targets for 2025, with most setting their aim between 5% and 6%. Qinghai province is the only one with a growth target below 5%. Among the economically strong provinces,