News

Nuclear reactor company X-energy shares surge 26% as AI drives interest in its IPO

Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry.

Bessent defends U.S. dollar swap lines as Iran war harms global finances

President Donald Trump, asked on CNBC's "Squawk Box" this week about a possible UAE swap line, appeared to say he is in favor of it.

Bettors on Kalshi now see Warsh likely confirmed by mid-May after DOJ drops Powell probe

Bettors on the platform now see an 86% chance that Warsh's nomination is confirmed by the U.S. Senate by May 15.

The aerospace and defense trade is taking investors deeper into space, and more ETFs are up for the mission

VettaFi's Cinthia Murphy finds more exchange-traded funds are tackling the space theme more directly as excitement over the SpaceX IPO grows.

Foreign car companies bet on technology to hang onto once-lucrative China auto market

U.S., Korean and German automakers announced a rush of new, tech-enabled cars at the Beijing Auto Show as they battle a sales slump

NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move 'shameful'

Chief Operating Officer Gerald Beeson saying in a memo that targeting Griffin showed "ignorance and disdain" toward contributors to the city's economy.

Traders are betting on big moves in Intel on earnings

Semiconductor stocks are powering the U.S. equity market to records and traders are predicting that means a big swing in shares of Intel after earnings tonight.

Risky meme trading is back. A trading rule change may have lit the fuse

A regulatory shift is expected to remove barriers to rapid-fire trading and help revive a meme-stock frenzy.

Kalshi traders don't see Strait of Hormuz traffic returning to normal until July

Chances that traffic returns to normal fell below 50% on Wednesday, according to Kalshi bettors, despite the U.S. and Iran extending the ceasefire.

Bessent says 'many' U.S. allies have asked for currency swaps amid Iran war turbulence

The White House on Tuesday said the UAE had not requested a currency swap line.

White House discussing currency swap line with United Arab Emirates

Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration amid higher prices at home.

Volkswagen announces voice AI in its Chinese cars from later this year

Volkswagen revealed four cars, including the ID. UNYX 09, which the company said it co-developed with EV maker Xpeng in two years.
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