News

Hong Kong's IPO boom is developing a performance problem

As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing.

Bitcoin is cratering, but a new Wall Street crypto hype is on the rise

As bitcoin dropped to its lowest price since 2024, investors flock to a new type of crypto investment linked to the hyperliquid platforms, HYPE ETFs.

Hot jobs report puts Fed cuts further out of reach as Chair Warsh faces policy tests

Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.

Where investors may find the next 'big wave' for AI trade

Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management, tackles the AI boom.

China poaches more AI talent from the U.S. as it eyes the next 'super-app'

Tencent Chief AI Scientist Yao Shunyu, who joined the company from OpenAI, said Friday he aims to pursue artificial general intelligence.

Kalshi is building a prediction markets 'Bloomberg Terminal' for high-end traders, source says

The prediction market platform is developing the platform to create a singular platform for its highly engaged traders.

Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecast

The cryptocurrency is likely to break below its lows hit in early February, traders on prediction market Kalshi believe.

Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents

Morgan Stanley's move is one of the earliest instances of a major Wall Street bank opening its platforms to external AI tools.

Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author

The new Fed chair has made his first hires. One wrote the Fed chapter in conservative policy blueprint "Project 2025."

Traders say Karen Bass and Spencer Pratt will advance to runoff in high-profile L.A. mayoral race

Los Angeles voters go to the polls Tuesday. If no candidate receives more than 50%, the top-two vote getters will advance to a November runoff.

Goldman Sachs CEO David Solomon says markets are in 'greed' mode as AI companies seek billions

Goldman Sachs CEO David Solomon's comments come as investors prepare for what will be one of the busiest periods for equity issuance in years.

Polymarket closes its first block trade as prediction markets push for Wall Street adoption

Prediction market platforms have increasingly looked to institutional traders, not individual ones, as the next venue for growth.
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