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The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.

Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field. "Investing 'very heavily' in capital expenditure and infrastructure is going to be a strategic advantage over time," Meta CEO Mark Zuckerberg said on a post-earnings call. Satya Nadella, CEO of Microsoft, said the spending was needed to overcome the capacity constraints that have hampered the technology giant's ability to capitalize on AI.

Tesla's fourth quarter earnings disappointed, but the company's commitment to returning to growth in 2025 saw shares rise in extended trading on Wednesday.

In a letter to acting heads of the SEC and Labor Department, several state financial officers requested clear rulemaking to protect Americans' retirement plans.

The Resolution Foundation says the risk of the government breaking its own fiscal rules "remains on a knife edge".

Figures reveal a jump for billpayers in England and Wales despite questions over firms' performance.

The Apprentice star says many young people "just want to sit at home" but should be in the office.

Many companies have left X but it's not always a simple decision.

The Meta boss says it is too soon to have a "really strong opinion" on DeepSeek.

All three major averages slid in Wednesday's regular trading session.

A former sorting clerk at a post office in New Jersey later sold the items, including valuable Michael Jordan and Mickey Mantle trading cards, prosecutors said.

Federal Reserve Chair Jerome Powell pushed back on billionaire Elon Musk's claim the central bank is "absurdly overstaffed," saying the Fed has a careful budget process.

Tesla's fourth quarter earnings missed expectations as investors looked for a new catalyst to jump-start the stock.

Meta announced fourth quarter earnings on Wednesday that beat expectations, while its outlook for the year ahead showed continued investments around AI.

Vodafone says the tech could lead to the elimination of "not spots", which cover an estimated 9% of the UK.

President Donald Trump blasted the Federal Reserve and Chair Jerome Powell on social media Wednesday for pausing rates cuts against the president's wishes.

"It's going to be a slow process to get to a hurdle to cut rates again. … I don't think you're going to see a cut at the next Fed meeting," Gundlach said.

Meta announced fourth quarter earnings on Wednesday that beat expectations, while its outlook for the year ahead showed continued investments around AI.

The US central bank keeps its key interest rate unchanged as it faces significant economic uncertainty.

Microsoft reported its Q2 earnings after the bell on Wednesday, missing estimates on key cloud revenue.

The Federal Reserve held interest rates steady Wednesday as policymakers weigh the direction of inflation and the potential effect of economic policies expected from the new Trump administration.

Senators grilled Robert F. Kennedy Jr. on if and how he would reform Medicaid and Medicare during his first confirmation hearing to become the next secretary of Health and Human Services.

Nvidia shares hit their lows of the day on Wednesday after Bloomberg reported Trump administration officials are "exploring additional curbs" on the company's chip sales to China.

Powell said 'it's not appropriate' for the Fed chair to respond to Trump's comments.

The firm is recalling Coca-Cola products from shops, but says the risk of illness is "very low"

The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in December.

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy.

Caution prevails as the Fed keeps interest rates unchanged and Nvidia sinks again, weighing on tech stocks.

Donald Trump's pick for Commerce secretary underlined that big and broad tariffs are top of mind both for him and the president during his confirmation hearing Wednesday.

Spirit, which filed for bankruptcy protection last year, says it has rejected the new Frontier overture but would be open to a higher offer.

The Fed’s key rate has a bearing on the sustainability of public borrowing, which is heading to striking levels.

Did the upstart Chinese tech company DeepSeek copy ChatGPT to make the artificial intelligence technology that shook Wall Street this week? Neither has disclosed specific evidence of intellectual property theft, but the comments could fuel a reexamination of some of the assumptions that led to a panic in the U.S. over DeepSeek's advancements. “There’s substantial evidence that what DeepSeek did here is they distilled the knowledge out of OpenAI’s models,” David Sacks, Trump's AI adviser, told Fox News on Tuesday.

Alibaba says the latest version of its Qwen 2.5 artificial intelligence model can take on fellow Chinese firm DeepSeek's V3 as well as the top models from U.S. rivals OpenAI and Meta.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

As Mark Zuckerberg and other tech titans have embraced President Trump and muffled internal dissent at their companies, their mostly left-leaning employees have objected with subtle acts of defiance.

Rachel Reeves wants to push ahead with building and reform planning, but what does that mean for you?

The chancellor announces wide-ranging plans to get the UK's sluggish economy moving.

The key question is whether the fruits of long term growth will come through everywhere else quickly enough

Investors today will be listening to how Fed Chair Jerome Powell addresses the potential effect that President Donald Trump could have on the future path of monetary policy.

The supermarket giant blames the increasingly competitive nature of the UK grocery industry.

Frontier Airlines struck out yet again in its second attempt to acquire rival carrier Spirit Airlines. Spirit filed for bankruptcy last year as it faced mounting losses.

The company said it expects to launch products and services under the Truth.Fi brand, including its own investment vehicles, later this year.

Trump Media, the parent of Truth Social, said in a press release that its board approved an investment of up to $250 million to be custodied by Charles Schwab.

The closures across its brands will be completed by March next year, as more customers go digital.

Coca-Cola products in Belgium, Luxembourg and the Netherlands have been recalled after being discovered to have "high chlorate content," the company said.

GE Vernova announced it plans to invest nearly $600 million in its U.S. facilities over the next two years, with new projects planned in several states to help meet rising power demands.

The January Fed meeting might be considered rather pro format, given no one expects a policy change. But there are some interesting and important questions under the surface that investors may get at least some answers to.

Caution prevails with a Federal Reserve Interest rate decision and earnings from several tech giants in focus.

The chancellor announces measures she says will kickstart growth: what are they?

In a major speech, the country’s top finance official pushed for faster economic growth, and supported a long-debated expansion at the London airport.

The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Trump to renew his criticism of the central bank.

High street sales dropped 6% in the 21 weeks to January 25, the retailer said.

Howard Lutnick, who has agreed to divest his financial interests if he is confirmed, is one of several allies of President Trump who have held or explored potential mining investments on the island.

The Silicon Valley giant was criticized for giving away its core A.I. technology two years ago for anyone to use. Now that bet is having an impact.

Venture capitalists plowed money into A.I. start-ups like OpenAI and Anthropic. But the rise of the Chinese A.I. start-up DeepSeek has called that funding frenzy into question.

After holding the event for 40 years in the Utah ski town, organizers plan to take it elsewhere starting in 2027.

The U.S. central bank is expected to hold interest rates steady as officials weigh a solid economy and rising inflation risks.

President Trump’s decision to pull out of the international health agency could deprive the United States of crucial scientific data and lessen the country’s influence in setting a global health agenda.

Plans for 2,000 acres of solar panels are dividing Cotswold villagers.

The new president is tossing out some of the biggest names in the tech world as possible buyers of TikTok’s US operations, most recently Microsoft. 'I like bidding wars because you make your best deals.'

The biggest supplier of computer chip-making equipment posted much better than expected fourth-quarter bookings.

BEIJING (Reuters) -Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the highly-acclaimed DeepSeek-V3. The unusual timing of the Qwen 2.5-Max's release, on the first day of the Lunar New Year when most Chinese people are off work and with their families, points to the pressure Chinese AI startup DeepSeek's meteoric rise in the past three weeks has placed on not just overseas rivals, but also its domestic competition. "Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit said in an announcement posted on its official WeChat account, referring to OpenAI and Meta's most advanced open-source AI models.

(Bloomberg) -- Asian stocks and European equity futures advanced to follow Wall Street’s tech-led rebound from a selloff that shook global markets, as focus turns to the Federal Reserve’s rate decision and US mega-cap earnings.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Texas HOA Charged With Discrimination for Banning Section 8 RentersNYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineNewsom Enlists Magic Johnson, Guggenheim CEO for LA Rebuilding

European stocks are expected to open in mixed territory Wednesday as global market jitters over AI tech rivalry between the U.S. and China eases.

The White House is looking into whether China's apparent AI breakthrough affects US national security.

The FDA classified recalled Lay's Classic Potato Chips under a Class 1 recall that means consumption could be fatal for people with a milk allergy.

Chevron U.S.A. announced Tuesday a partnership with Engine No. 1 and GE Verona in plan to develop reliable power solutions for U.S. data centers running on natural gas.