News

Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say

The move shows that OnePay, founded by Walmart and venture firm Ribbit Capital in 2021, sees crypto as a core offering as it builds out its "everything app."

Berkshire Hathaway to buy Occidental's OxyChem for $9.7 billion, in Buffett's biggest deal in three years

Warren Buffett is staying active even as he gets ready to hand over the CEO reins at the end of this year.

Trump Jr. dismisses crypto conflict of interest concerns: My dad’s not checking blockchain ledgers

Donald Trump Jr. and Zach Witkoff dismissed concerns regarding the project's political ties as "complete nonsense," at a major crypto event in Singapore.

SK Hynix shares hit multidecade highs, Samsung also surges as chipmakers partner with OpenAI

The partnership will "focus on increasing the supply of advanced memory chips essential for next-generation AI and expanding data center capacity in Korea."

Leon Cooperman says we've reached the stage of the bull market that Warren Buffett warned about

Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and risks rise.

Dollar falls on U.S. government shutdown, now on pace for worst annual decline in 22 years

The dollar fell Wednesday after U.S. lawmakers failed to avert a government shutdown, raising questions from traders about the potential economic impact.

Prediction markets see government shutdown lasting nearly two weeks

On Polymarket, traders see the highest likelihood that the government won't reopen until October 15 or later.

Bitcoin rises as investors seek a global safe haven amid shutdown

Bitcoin ticked higher on Wednesday while stock-linked assets fell after U.S. lawmakers failed to reach a government funding agreement, leading to a shutdown.

Warren Buffett is reportedly eyeing Berkshire Hathaway's biggest deal in three years

The potential deal, which could finalize within days per the Journal, could be Berkshire's largest since 2022 when it bought Alleghany for $11.6 billion.

New signs of a dealmaking comeback: What it means for Goldman Sachs investors

Investors got two new reasons to be optimistic about the Club stock this week.

One-time 'SPAC King' Palihapitiya launches new blank-check vehicle with plan to 'temper' retail fervor

Palihapitiya launched American Exceptionalism Acquisition Corp. A, a $345 million SPAC that he said was more than five times oversubscribed.

Here's JPMorgan Chase's blueprint to become the world’s first fully AI-powered megabank

JPMorgan, the world's largest bank by market cap, is being "fundamentally rewired" to automate knowledge work across its operations, its data chief says.
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