News

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.

Fed Governor Cook says she's 'prepared to act' on rate hike to address inflation

Cook was part of a 9-3 majority that voted last week to keep the central bank's benchmark borrowing rate in a range between 3.5%-3.75%.

As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead

Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture.

Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says

Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.

Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says

Bank of America was among the prime brokers for the hedge fund, which is run by Leopold Aschenbrenner.

Ken Griffin's Citadel posts best month in years after scooping up Situational Awareness stocks

The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.

Michael Burry bets against rally: 'We are near a major top, and possible a 1987-type fall'

"I continue to believe it is possible we are near a major top, and possible a 1987-type fall," Burry said in a Tuesday Substack post.
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