News

Robinhood's venture fund, which gives investors access to private companies, tanks 11% on first day

Robinhood's Venture Fund I plunged 11% in its debut on the New York Stock Exchange on Friday, casting doubt on investors' appetite for riskier investment.

Fed Governor Miran says job losses in February add to the case for more interest rate cuts

Miran said in a CNBC interview that the Fed should be focusing more on supporting the labor market than worrying about inflation.

U.S.-Iran war exposes big market concentration risk. It isn't in S&P 500 stocks

Oil prices soar in the U.S.-Iran war, leading to volatility in emerging markets, and showing how concentrated EM funds are in Asian economies.

Oaktree's Howard Marks says there's no systemic problem with private credit

Marks said any risk stems from the pace of expansion in direct lending, which has ballooned to a market now exceeding $1 trillion since inception around 2011.

Mortgages in 47 seconds: Better’s new ChatGPT app targets lenders Rocket and UWM

Creating a mortgage has been one of the most time-consuming corners of American finance, with lenders relying on dozens of steps that can take weeks.

States led by New York sue to block Trump’s latest tariffs, calling them an illegal end-run around Supreme Court

The move from the state AGs — part of the successful effort to block Trump's original tariffs — adds to the ongoing uncertainty created by his tariff policies.

New Berkshire Hathaway CEO still talks with Warren Buffett nearly every day

Buffett remains chairman of the sprawling, Omaha-based conglomerate and continues to regularly come into the office, Abel said.

Berkshire Hathaway begins repurchasing shares, CEO Greg Abel buys $15 million in stock

The 62-year-old executive's purchase came a little more than two months into his tenure running the Omaha-based conglomerate.

Iran war and stocks: Why Global X says 'it might be time to double down' on emerging markets

It may be time to dive deeper into the emerging markets trade.

China to reportedly boost defense spending by 7%, slowest pace since 2021

Beijing's planned military budget, reported by Reuters, comes amid increased conflict in the Middle East.

Coinbase leads crypto stocks higher after Trump signals support for digital asset market structure bill

Coinbase jumped 12% on Wednesday following President Trump's latest call to help pass a law that would enable crypto firms to issue yield-bearing stablecoins.

Trump sides with crypto firms in trillion-dollar battle with banks over stablecoin yield

The dispute centers on whether crypto firms like Coinbase can offer yields on stablecoins, which banks warn will siphon trillions of dollars from the industry.
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