News

Steve Cohen is set to make a big push into investing in AI

Steve Cohen's Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom.

American households have seen their purchasing power increase

Wage growth has surpassed inflation for a year, meaning households have seen their buying power increase.

Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

The Omaha, Nebraska-based conglomerate purchased Occidental shares every trading day from June 5 to Monday.

Google's Android apps are coming in 3D via Xreal as competition with Apple's Vision Pro heats up

Games and movies on Google Play Store apps can now be viewed in 3D via a new Android mobile device from augmented reality glasses maker Xreal, the startup said.

Sen. Warren warns Powell against weakening banking regulations: 'Do your job’

Bank CEOs have said the Basel III Endgame capital increases are unnecessarily aggressive and would force the industry to curtail lending.

GameStop drops more than 12%, hits session lows after annual meeting fails to offer details on firm's strategy

The meme stock fell about 12% as its rescheduled shareholder event wrapped up with no detailed remarks about the company's strategies.

Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%

Warren Buffett's conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.

Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure

Autodesk has been under deep scrutiny over an accounting scandal that led to the resignation of its CFO over potentially inflated financial metrics.

This ETF strategy may help investors skirt market concentration risk

A top exchange-traded fund provider is screening diversified value stocks for long-term gains.

This fintech configures expense cards to block misuse — and investors just backed it with millions

Irish fintech CleverCards uses a digital platform linked to configurable expense cards to give companies control over how employees use their corporate cards.

Roaring Kitty's GameStop stake grows to 9 million shares after selling his big options position

Keith Gill posted a new screenshot of his E-Trade portfolio after the bell Thursday showing that he is now holding more than 9 million GameStop shares.

Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say

"Investors are now in the AI mindset," the CEO of Nium told CNBC. "Like, whatever it costs. I want in on AI. They're going to burn a lot of money."
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