News

Former Fed Governor Larry Lindsey withdraws name for Fed chair

Former U.S. Federal Reserve Governor Larry Lindsey has withdrawn his name from the list of candidates for the next potential chair of the Federal Reserve.

China’s Golden Week travel boom masks a bruising price war

China's last public holiday of the year reinforced a nationwide trend: more people and businesses flocking toward an industry — driving prices sharply lower.

Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show

Officials were strongly inclined to lower rates, with the only dispute seeming to be over how many cuts were coming.

Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

"Gold is the only asset that somebody can hold and you don't have to depend on somebody else to pay your money for," Dalio said.

NYSE-owner Intercontinental Exchange rises after it takes $2 billion stake in Polymarket

Intercontinental Exchange rose more than 3% in the premarket after the company announced it took a $2 billion stake in prediction markets platform Polymarket.

World Bank raises China growth forecast to 4.8% despite U.S. trade tensions

The World Bank now projects 4.8% growth for China, up from 4.0% predicted earlier this year.

Paul Tudor Jones says ingredients are in place for massive rally before a 'blow off' top to bull market

Paul Tudor Jones said today's market is reminiscent of the setup leading up to the burst of the dotcom bubble in late 1999.

Mike Novogratz's Galaxy Digital jumps 10% after launching retail trading app to compete against Robinhood

Galaxy Digital introduced a commission-free trading platform, Galaxy One, on Monday that offers similar services to rival Robinhood.

Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs

"Home bias is about as bad as it's ever been in the United States," ETF.com's Dave Nadig told CNBC's "ETF Edge" this week.

From data to culture: How international brands are trying to crack the code on the fickle Chinese consumer

Western brands are revamping efforts to reach the Chinese consumer despite the economic slowdown.

Bitcoin rallies to within 1% of all-time high, gaining safe haven status during shutdown

Bitcoin is trading within striking distance of its record price as the U.S. government shutdown enters its third day.

Chicago Fed President Goolsbee 'a little wary' about cutting interest rates too quickly

The central banker indicated that pressure is coming to both sides of the Fed's so-called dual mandate of stable prices and low unemployment.
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