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Alibaba stock rises after Apple inks deal to use Qwen AI models

U.S.-listed shares in Chinese conglomerate Alibaba rose 4% in premarket trading on Wednesday after confirming that its Qwen AI model will be integrated into Apple systems in China.  “Qwen will be integrated into Apple Intelligence experiences within iOS, iPadOS, macOS, and visionOS for users in China,” an Alibaba spokesperson told CNBC.  The Cyberspace Administration of...
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Goldman Sachs’ Ruemmler to face House over Epstein ties

FILE PHOTO: White House counsel Kathryn Ruemmler listens as President Barack Obama speaks at an installation ceremony for FBI Director James Comey at FBI Headquarters in Washington, Monday, Oct. 28, 2013. Charles Dharapak | AP Goldman Sachs’ former top lawyer, Kathryn Ruemmler, is set to face questions Wednesday from the House Oversight Committee about her...
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Mortgage rates rise to highest level in nearly a year

For sale signs are posted in front of condominiums for sale on July 9, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Mortgage rates rose last week to the highest level since August 2025, and that caused homebuyer demand for loans to pull back. Refinance demand, however, moved higher. Total mortgage application volume...
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Morgan Stanley (MS) earnings Q2 2026

Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Wednesday posted record revenue and profit for the second quarter, driven by a 69% surge in equities trading revenue. Here’s what the company reported: Earnings...
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