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China says AI CEOs' call for a slowdown is 'fear mongering'
Chinese state media's reports of the daily press conference also noted that all groups should work together for AI openness and inclusivity.
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Warsh's credibility is on the line this week as Trump policies put pressure on Fed to hike
With inflation above target and no visibility on lower oil prices or stability of tariffs, the Fed chairman needs to pass the test that has faced his predecessors
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Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide
The muted outlook from the country's second-largest bank by assets could be an early signal that Wall Street's AI boom might have hit turbulence.
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Prediction market traders think gas prices will hit new highs for the year
Oil prices have marched higher in recent weeks, above $100 per barrel, as tensions between the U.S. and Iran have escalated again.
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NFL and midterm elections set up prediction markets for a critical fall season
The 2025 football season and 2024 presidential election pushed prediction markets into the prominence they enjoy today.
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Prediction markets are becoming more professionalized, but also harder to beat
The institutionalization of prediction markets threatens to erode the edge of skilled traders who earn off mispricing and market inefficiencies, experts say.
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Inflation is outpacing wage growth again, squeezing Americans’ paychecks
In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.
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OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services
OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling and pitchbook tasks traditionally handled by junior bankers.
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The iPhone Duo enters China’s crowded foldable market — and faces a price test
Chinese netizens focused on the price of Apple’s iPhone Duo, as cheaper Xiaomi and Huawei foldables raise value comparisons and muddle the foldable's reception.
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A Chinese humanoid startup flips 'distillation' claim on OpenAI as it releases a new robotics model
Ant-backed startup JoyIn's CEO published an article in Chinese that raised questions about similarities between his company's new model and OpenAI publications.
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Kalshi launches ‘perps’ for gold and silver following CFTC approval, expanding futures offerings
Its the latest move by the prediction market company to diversify its assets users can trade.
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Ant International partners with Visa, Mastercard on developing AI payments
Visa, Mastercard and Ant International are working on common standards for AI-agent payments — including ways to verify and monitor their transactions.
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Adani Enterprises shares jump as airport unit enters into $1 billion fundraising deal
The investors will subscribe to new shares in three tranches and collectively own about 5.54% of the airport operator after the final tranche.
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China's EV makers shift gears to focus on humanoids as car market slows
As Chinese electric car sales slow and share prices tumble, several of the automakers are ramping up humanoid robotics development.
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How one hedge-fund manager built his firm to be powered entirely by AI agents
It's a stark example of a growing reality on Wall Street as firms test the benefits and limits of AI in finance and on their employees.
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White House has vetted candidates for key CFTC vacancies, sources tell CNBC. It's unclear if they will be filled
Filling open commissioner positions at the regulatory agency has been a sticking point in negotiations over the Clarity Act.
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Visa tells CNBC it is expanding data offering for blockchain lenders as demand for stablecoin-linked cards surges
Visa is doubling down on blockchain-powered financial services with a new program to help issuers of stablecoin-linked cards access loans.
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Crypto platforms have lost over $3.63 billion to cyberattacks — even though most of them did security checks
More than 60% of cryptocurrency platforms that lost money due to cyberattacks had undergone independent security audits, CoinGecko said.
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China says it will pump $54 billion into banks and insurers — but their stocks still fell
With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.
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Sugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here
The sweetener's prices surged last week, reflecting a sharp deterioration in the global supply outlook.
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