Kevin Warsh Testifies, IBM’s Warning, and the Incredible Shrinking AI Model 7/14/26

Fed chair Kevin Warsh says inflation is a choice in his first Monetary Policy Report testimony on Capitol Hill. IBM shares have their worst day since October 1987 after the company pre-announces disappointing Q2 earnings, with CEO Arvind Krishna saying “this quarter we faltered.” Plus, CNBC’s exclusive look at the AI model small enough to run directly on an iPhone. 

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