News

Fed Governor Barr says he'll support rate hike if inflation doesn't ease

The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target.

Hugging Face's new duck robot is selling fast. A Chinese chip powers it

The colorful "Microduck" robot from HuggingFace's French subsidiary Pollen Robotics has sold more than 10,000 units since launching on Thursday.

Markets see Warsh endorsing a rate hike in September. Not everyone is convinced

The path toward the move still looks cluttered.

Aon CEO says insurance broker seeks to build 'premiere middle market platform' with purchase of rival USI

The insurance broker said the merger will create the premiere U.S. middle-market platform.

Kalshi partners with brokerage Alpaca as it tries to build its international audience

The prediction market platform and the financial infrastructure and brokerage startup are working to get Kalshi's event contracts to global investors.

Crypto exchange Gemini not at fault for collapse of Earn lending program, arbitrator says

An arbitrator earlier this month said Gemini Space Station did not mislead users of its Earn program.

China's Xi builds diplomatic clout with multiple state visits ahead of Trump summit

Chinese President Xi Jinping is expected to make his first visit to India before traveling to the U.S. for a meeting with U.S. President Donald Trump.

Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed `at odds' with Treasury

Fed Chair Kevin Warsh's hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.

Corn and wheat prices jump to highest prices in more than three years

Corn and wheat futures have surged to their highest levels in more than three years. But the reasons for these recent rallies are notably different.

U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court

The Ninth Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a Third Circuit ruling from April.

September Fed decision is now a coin flip as rate hike odds increase post Warsh

Odds rose after Warsh's speech in Jackson Hole, Wyo., where he discussed that he still is frustrated with the overall inflation trend.

Trump ratchets up rhetoric against Beijing as U.S.-China officials meet for Xi's Washington visit

U.S. and Chinese officials met in Beijing this week, despite the White House's tough talk on China.
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