News

AI computing power is becoming a tradable asset class as CME launches futures contracts

The exchange is partnering with Silicon Data to introduce two compute futures contracts on Oct. 5, pending regulatory review.

Why JPMorgan is investing big in the 2028 LA Olympics

JPMorgan is making a nine-figure bet as the Olympics Games' first-ever global banking partner. 

Polymarket makes moves to get house in order before expected boom times for prediction markets this fall

The marketing changes come amid an investigation by the Commodity Futures Trading Commission into the company's promotional practices.

Wall Street just endorsed Jensen Huang's 'big concept' for AI. What now?

The first three-plus years of the AI buildout has been funded by record amounts of equity and debt issued by leading tech companies. Nvidia has a new idea.

Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push

The capital package highlights the growing role of private capital in financing the costs of the artificial intelligence boom.

Three reasons Goldman's co-head of global banking and markets says to stay invested

Goldman Sachs' Ashok Varadhan pointed to three reasons for his constructive outlook.

Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists

Collateralized loan obligations may become the next big push in the exchange-traded fund industry.

Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard

Strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.

Odds the Fed will hike in September tumble following big July jobs miss

A weaker labor market would weaken the case for raising rates, which some members of the central bank have called for amid higher energy prices.

Copper jumps to its highest level ever. What the metal is telling us

Once a reliable gauge if economic health, "Dr. Copper" may be giving complicated signals this year.

United Wholesale Mortgage plunges 40% after suspending dividend and raising capital

"We're taking decisive action to make UWM stronger, more liquid and better positioned to win for years to come," CEO Mat Ishbia said in a statement.

Traders on Kalshi now think it's likely that the S&P 500 will hit 8,000 in 2026

The rise in odds come after the broad index hit record highs in a more than 5% four-day rally that ended Wednesday.
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