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Here's how AI could influence the Fed's economic outlook

Artificial intelligence could produce faster gains in worker productivity, altering the U.S. labor market and the Federal Reserve's economic outlook.

Citadel to return $5 billion in profit to investors, source says

The firm's flagship-multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said.

Asset manager Janus Henderson gets bought by Trian, General Catalyst for $7.4 billion

Asset manager Janus Henderson agreed to be acquired by investors Trian Fund Management and General Catalyst, the companies announced Monday.

Waller had a 'strong interview' for Fed chair with Trump as president appears to turn focus to job market

The positive description of the Waller interview by officials was not necessarily an indication that he was a favorite candidate for the job.

Friday could be a wild day of trading on Wall Street. Here's why

December options expirations are typically the biggest of the year, but this one eclipses all prior records, Goldman said.

Visa says new AI shopping tool has helped customers with hundreds of transactions

Visa said it successfully completed hundreds of AI transactions as part of a pilot program it kicked off after a product event in April.

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

Billionaire investor Ron Baron believes many high-quality stocks are being overlooked in a tech-obsessed market, including two financial companies he is buying.

Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say

Tricolor's collapse was one of a string of defaults that churned the U.S. banking industry this fall, sparking concerns over risks in the financial system.

Robinhood is rolling out NFL parlay and prop bets on prediction markets platform

Robinhood announced Tuesday that users will be able to trade on National Football League games and player performances.

Nasdaq moves to make trading nearly 24 hours. Why some on Wall Street say that's a bad idea

Critics argue that formalizing nearly nonstop trading could worsen some of the very problems that plague the structure of equity markets today.

Kevin Warsh moves ahead in Fed chief race on Kalshi after Hassett pushback

Traders marked Warsh as the narrow favorite to replace Jerome Powell, assigning him roughly a 46% chance of nomination, compared with about 39% for Hassett.

Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon

Slope, an AI lending platform backed by JPMorgan Chase, told CNBC exclusively that it is launching a partnership with Amazon's independent sellers.
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