News

UFC's Dana White urges Trump to reverse gambling tax law. His letter moved the prediction market

In the letter, Dana White said that the cap is already starting to create problems for the gambling industry.

Some short sellers are seeing opportunity in this tech mania. How they're spotting fake AI stocks

Hedge fund managers said the current environment — fueled by aggressive spending on AI — is creating a fertile backdrop for bearish wagers

U.S. can hold AI talks with China because ‘we are in the lead,’ Bessent tells CNBC as nations plan safety protocol

The U.S. Treasury Secretary also said President Donald Trump would likely comment on the Taiwan issue in coming days.

Xi asks Trump if U.S. and China can avoid 'Thucydides Trap' at high-stakes summit

U.S. President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday morning for the start of a high-stakes summit that runs through Friday.

Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell.

Trump in China: Traders predict a tariff truce extension and Boeing aircraft purchases

Traders also think it is likely that the president will talk about Iran, despite his comments that the U.S. doesn't need China's help in resolving the war.

Jensen Huang is joining Trump's China trip after the U.S. president called the Nvidia CEO

The U.S. chipmaker executive was not included in earlier lists of business leaders participating in President Donald Trump's trip to China this week.

Traders believe inflation could near 5% this year

Prediction markets traders see two-in-three odds that inflation will go above 4.5% this year, and nearly 40% odds that prices will accelerate above 5%.

Trump is taking more than a dozen U.S. executives to China. Jensen Huang isn't one of them

Nvidia CEO Jensen Huang isn't going on Trump’s China trip, though more than a dozen other U.S. executives are.

Five things to watch in Asia as Trump prepares to meet China's Xi this week

The U.S. and Chinese presidents are scheduled to gather in Beijing on Thursday and Friday amid a packed week of diplomatic meetings.

JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount

The KKR fund, often referred to by its ticker, FSK, has become one of the most visible fault lines in the private credit story.

Series of court decisions weaken Democrats' odds of winning the House

A U.S. Supreme Court decision and ruling from the Virginia Supreme Court have altered the redistricting outlook, hurting the chance that House control will flip.
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