News

S&P is already predicting China's property slump will be worse than it expected this year

S&P Global Ratings said China's primary real estate sales will likely drop by 10% to 14% this year, steeper than the decline predicted back in October.

Digital employees, AI bootcamps: America's oldest bank is spending billions on tech

The race to integrate artificial intelligence is on among the banks. BNY now has 134 "digital employees," who work alongside humans.

China's Luckin Coffee opens first high-end store as it takes on Starbucks

The Chinese coffee upstart is expanding from budget drinks into the premium market with a new flagship store.

As 'Sell America' trade volatility rages on, some of the biggest changes may be in your bonds

As U.S. investors diversify portfolios highly concentrated in domestic assets, it's not just international stocks but overseas bonds getting attention.

Bitcoin gets slashed in half. What's behind the crypto's existential crisis

Bitcoin nearly grazed $60,000 on Thursday as investors shied away from the asset due to growing concerns over its utility.

Goldman Sachs is tapping Anthropic’s AI model to automate accounting, compliance roles

Goldman Sachs is building AI agents with Anthropic’s Claude to automate trade accounting and client onboarding, aiming to speed work and boost efficiency.

Kalshi expands surveillance, enforcement efforts ahead of Super Bowl 60

Kalshi on Thursday announced new initiatives to expand its surveillance and enforcement frameworks, just days before the Super Bowl.

Fixed-income ETF provider BondBloxx questions private credit meltdown fears, sees space as sensible way to generate income

BondBloxx's Joanna Gallegos, J.P. Morgan's former head of global ETF strategy, is confident private credit is a sensible way for investors to pursue income.

Bitcoin bleeds for second straight day, nearly grazes $72,000

Bitcoin sank as low as $72,096.20 on Wednesday, marking its second consecutive day breaking below the $73,000 level.

Bitcoin breaks below $73,000 to lowest since November 2024 as heavy selling resumes

Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.

Rocket Companies shares jump 6% after CEO says mortgage loan volume is surging

CEO Varun Krishna said his company is poised to post its strongest mortgage loan production in four years after a drop in borrowing costs helped revive demand.

China set to attend India's upcoming AI summit signaling improving relations with New Delhi

A Chinese science and technology vice minister will attend India's AI summit this month, a consultant told CNBC, citing government contacts.
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