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China’s latest breakthrough suggests AI hardware could become a lot more competitive. Listen to the audio version of this article (generated by AI). Hello, Reader. Artificial intelligence is getting cheaper and more efficient, and China is a big reason why. Here at Smart Money, we’ve discussed how China is developing remarkable AI systems at significantly lower costs than American firms. Recently, Chinese startup Z.ai released GLM 5.2, a free open-source model. Capable of performing many real-world business tasks, Artificial Analysis quickly ranked it the fourth-best AI model. Then, Chinese startup Moonshot AI released Kimi K3, another model competing with the…

Listen to the audio version of this article (generated by AI). The Fed holds rates steady… Warsh puts on a masterclass in saying nothing… why AI might keep a rate hike at bay… two more hyperscalers report today… last chance for Luke Lango’s AI MegaDeal Event I wasn’t expecting new Federal Reserve Chairman Kevin Warsh to offer many details at his press conference today, but even I was impressed at how he was able to use so many words to convey so little meaning. More on that in a moment… First, in a 9-to-3 vote that exposed a growing “family…

ETFs allow investors a plethora of ways to express themselves while also pursuing performance. With each passing year, new ETFs arrive to help investors meet their personal and financial goals. The Defiance Autism Impact ETF (ASD) aims to invest in supporting individuals on the autism spectrum, while also providing some positive returns. Key Takeaways: The autism research-focused ETF ASD has returned 10.3% since it launched on June 1. The strategy’s profits will all be donated to important causes tied to supporting people with autism for the first two years of operation. Its top holding returned 209% YTD as of the…

Key PointsMeta’s second-quarter revenue rose 28% year over year to $60.8 billion.Capital expenditures consumed nearly all of the quarter’s $31.9 billion in operating cash flow.Management raised the low end of its 2026 capital expenditure forecast to $130 billion.10 stocks we like better than Meta Platforms ›Social media giant Meta Platforms (NASDAQ: META) reported second-quarter results after the market closed Wednesday, and shares fell about 6% in after-hours trading as of this writing.Revenue rose 28% year over year to $60.8 billion, and the advertising business behind it grew on both volume and pricing. The concern, however, sits further down the cash…

Point is the best overall home equity sharing company, offering a long buy-back term, low credit score requirement, low fees and wide availability. Hometap is best for large payment amounts, Unlock is best for flexible buyout options, Unison is best for good credit, and Splitero has the best perksWith home equity sharing agreements, an investor purchases a portion of your home’s future value, giving you a lump sum of cash in return.With a share appreciation product, you repay or buy back the invested amount, plus your investor’s share of your home’s appreciation at the end of the agreement term.There are…

This article was written byFollowI have a strong inclination towards high-growth companies, often treading in sectors poised for exponential expansion. My expertise lies in understanding and investing in disruptive technologies and forward-thinking enterprises. My approach is a mix of fundamental analysis and future trend prediction. I believe in the power of innovation to yield substantial returns and aim to provide insightful analysis on such companies here on SeekingAlpha.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this…

Key takeaway: Prosperity Bancshares executives say they’ve lost loans in recent weeks to competitors that are willing to price or structure deals more aggressively.Supporting data: During the second quarter, the company’s loan portfolio shrank by 1% on a linked-quarter basis. Expert quote: “Some things out there are getting to the point of being ridiculous.” — Prosperity President and Chief Operating Officer Kevin HaniganThough Prosperity Bancshares CEO David Zalman still refers to Texas as “the best market out there,” competition in the Lone Star State is making it tougher to book profitable loans, he said Wednesday.Processing ContentHouston-based Prosperity expects to hold its…

Editor’s Note — This article is sponsored by Chime. As with all sponsored content in Fintech Takes, this article was written, edited, and published by me, Alex Johnson. I hope you enjoy it! Here’s a question I’ve become fixated on lately: What, exactly, is a primary bank account? Mechanically, the answer is straightforward. It’s the demand deposit account a consumer uses most often — the one where the paycheck lands and the bills get paid. The operational center of their financial life. But there’s a second definition, at the relationship level, that’s simpler and more profound. It’s the answer to…

Key TakeawaysFederal prosecutors allege a crypto investment scheme caused about $20 million in investor losses.The 29-count indictment includes wire fraud, money laundering, bank fraud, and identity theft charges.Prosecutors allege investor funds moved through cryptocurrency exchanges and financial institutions. Federal Indictment Alleges $20 Million Investment Scheme The U.S. Attorney’s Office for the District of South Dakota announced that a federal grand jury returned 29 counts against crypto investor Benjamin Paul Wiener, 43. The DOJ’s 29-count fraud indictment alleges wire fraud, money laundering, bank fraud, and aggravated identity theft involving approximately $20 million in losses across dozens of regional victims. Wiener pleaded…

In brief Microsoft is rolling out a new OneDrive Photos app to some Windows 11 PCs. The app indexes local photo libraries and adds AI-powered search and optional facial grouping. The rollout follows Microsoft’s broader push to integrate AI features into Windows. Some Windows 11 users are discovering a new Microsoft app they never installed. Called OneDrive Photos, it automatically indexes local images and offers AI-powered search and optional facial grouping.The rollout, first spotted by industry publication Windows Latest, comes via Windows Update or updates to the existing OneDrive client rather than as a separate download.According to Windows Latest, OneDrive…