News

Warren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins'

Buffett's son, Howard, will replace him as chairman as dictated by a long-standing succession plan, Berkshire said.

Securitize jumps after regulators greenlight some tokenized U.S. stock trading

Securitize surged Thursday after federal regulators greenlit the issuing of tokenized stocks on some trading platforms in the U.S. 

A Chinese AI company just connected its model to Wall Street's leading data providers

The startup Moonshot said it signed on financial industry giants from investment bank CICC to venture capital firms

OpenAI and Anthropic are making 10 times more revenue than all Chinese AI models combined, research group Rhodium says

Rhodium Group's latest analysis of Chinese and U.S. AI companies also found that low revenue did not necessarily correspond with lower valuation.

Here are five key takeaways from Wednesday's Fed rate hike

The Fed on Wednesday delivered a much-expected interest rate hike.

Fed approves interest rate hike, signals one more to come this year

The Federal Reserve on Wednesday approved its first interest rate hike since 2023 and indicated another to come.

Here is what changed in the new Fed statement under Warsh

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in July.

Senate is still a tossup, but Democrats now have slight edge, prediction market traders think

Traders on both Kalshi and Polymarket see Democrats with one of their best chances to flip the U.S. Senate since the contracts on the election opened.

China's AI leaders keep quiet despite U.S. 'publicity' on tech risks

Z.ai, Moonshot, MiniMax, Alibaba and Tencent did not provide any statements when contacted by CNBC about the warnings on AI from Silicon Valley.

China's August retail sales miss forecast while investment slump deepens, piling pressure on Beijing

China's investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.

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.

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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