News

Prediction market traders say an Anthropic IPO is near-certain this year after company filed with SEC

Anthropic on Monday filed its Form S-1 with the Securities and Exchange Commission.

NBA enters prediction markets with Kalshi, Polymarket partnerships

The league also inked a memorandum of understanding with the CFTC, the federal regulator of prediction markets.

Apollo to buy nearly 10% stake in Abu Dhabi-backed alternative asset manager Mubadala Capital

The deal further advances Apollo Global's ambitions in Abu Dhabi, often called the "capital of capital."

Retail investors are not more sophisticated than 30 years ago, says former hedge fund manager

Retail investors trying to beat the market by buying individual stocks and complex exchange-traded funds may be better off with broad market index funds.

American Express is cutting 5% of its workforce to 'prepare for AI'

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

CoreWeave’s market confidence erodes as bond yields spike and stock sinks

CoreWeave shares are down 36% in October, and the spreads in its credit default swaps are widening.

AI debt and French bonds face a stress test — why it may not be over

Bond markets are signaling unease over AI financing costs and sovereign debt in parts of Europe. More stress tests are coming.

Bill Ackman says 2027 will be an amazing year for stocks as wars, inflation ease

"We're going to have an amazing 2027," he said.

American Express brings Airbnb bookings and rewards to Amex Travel platform

More than 1 million Airbnb listings are now available to book through Amex Travel, allowing customers to earn membership points on prepaid bookings.

AI and jobs: The hot new topic for central bankers

As competition for capital grows, central bank policymakers and researchers are scrutinizing the consequences of artificial intelligence on jobs.

Goldman Sachs, JPMorgan and Morgan Stanley are dominating the AI stock boom. Here's their edge

Wall Street’s Big Three have generated $52 billion in equity trading revenue this year, capturing about 80% of the market on rising margin lending to hedge funds.

HSBC CEO warns the AI boom won’t make every data center a good bet

Data center campuses house the servers that power AI and cloud computing.
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