News

How one hedge-fund manager built his firm to be powered entirely by AI agents

It's a stark example of a growing reality on Wall Street as firms test the benefits and limits of AI in finance and on their employees.

Visa tells CNBC it is expanding data offering for blockchain lenders as demand for stablecoin-linked cards surges

Visa is doubling down on blockchain-powered financial services with a new program to help issuers of stablecoin-linked cards access loans.

Crypto platforms have lost over $3.63 billion to cyberattacks — even though most of them did security checks

More than 60% of cryptocurrency platforms that lost money due to cyberattacks had undergone independent security audits, CoinGecko said.

China pulls in Big Tobacco to help with smaller-than-expected finance-industry capital injections

With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.

Sugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here

The sweetener's prices surged last week, reflecting a sharp deterioration in the global supply outlook.

White House has vetted candidates for key CFTC vacancies, sources tell CNBC. It's unclear if they will be filled

Filling open commissioner positions at the regulatory agency has been a sticking point in negotiations over the Clarity Act.

Bitcoin heads for third winning week in a row as macro pressures mount

Bitcoin headed for its third straight winning week, as traders searched for refuge amid volatile moves in equities, currencies and bond markets.

China hits back at G20 statement on its reliance on exports, accusing them of 'promoting protectionism'

China rejected G20 pressure over export-driven growth while also challenging U.S. Iran sanctions and European trade measures.

New York Fed's Williams says yield surge due to strong economic prospects

The central bank policymaker in a CNBC interview did not commit on whether he thinks an interest rate hike is necessary.

Berkshire CEO Greg Abel says Japanese bond yields not a challenge for trading houses right now

In an appearance on CNBC's "Squawk Box," Greg Abel said that yields in the country are still relatively low.

Nepal’s mountain tourism industry faces ‘serious warning’ after Himalayan flood disaster

Nepal's devastating floods have raised fresh concerns for the country's vital adventure tourism industry ahead of its peak travel season.

Prediction market traders think job creation rebounded in August

Traders see 50-50 odds that the U.S. economy added more than 50,000 jobs last month.
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