News

California's diesel prices have jumped since the Iran war started, with ripple effects across the country

California has the highest gas prices in the country as well as the busiest containership port, meaning consumers across the country could feel the impact of higher diesel.

Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams

It is also the latest move by Visa to expand its value-added services business, which has become one of the company's fastest-growing divisions.

Tourism price wars threaten to dim a rare bright spot in China's consumer spending

China’s domestic tourism is underperforming, with hotel revenues falling as soft demand pressures room rates.

Goldman traders are on pace for a record year. A close-up look at how they're doing it

In a new interview with CNBC, a Goldman exec breaks down what's driving stocks, where markets are headed, and how the bank’s equities desk fuels its growth.

Investors may want to focus on front end of yield curve — as Street anticipates next Fed meetings

Bond market investors may want to focus on the front of the yield curve, according to Allspring Global Investments’ Noah Wise.

Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks

Fintech brokerage Clear Street is launching a private markets platform, beginning with Databricks stakes, to give investors more access to late-stage startups.

Why Situational Awareness hedge fund imploded, even in a tame stock market

Leopold Aschenbrenner's $45 billion hedge fund was forced to slash public stock positions after a historic momentum reversal triggered margin calls.

How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days

Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.

New York sues Kalshi, says prediction market is running 'illegal gambling operation'

It comes after a federal judge earlier this month denied Kalshi's attempts to intervene against the state's Gaming Commission.

Fed officials who voted to hike rates say action is needed now against inflation

Kashkari and Hammack joined Dallas Fed President Lorie Logan in dissenting against holding the Fed's key overnight borrowing rate steady.

More consumer companies are staying private for longer, avoiding the IPO road

With the rise of secondary markets and a stronger liquidity environment, more companies are choosing to stay private for longer, according to experts.

China’s U.S.-bound shipments fall in July after brief recovery, survey shows

The latest China Beige Book study found factory activity decelerated in July.
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