News

Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility

Big banks are set to report booming Q2 revenue as the SpaceX IPO, Iran war volatility and a rebound in commercial lending fuel Wall Street's "sweet spot."

Kalshi launches 'Pro' product for users trading multiple markets at same time, perpetual futures

The platform is designed to alleviate problems the company's most active traders have run into, according to a memo provided to CNBC.

These underperforming trades could yield big returns over next six months

ETF Action's Mike Akins is encouraging investors to boost exposure to groups that underperformed compared with major artificial intelligence stocks.

Kevin Warsh names members of his Federal Reserve task forces, including Marc Andreessen, Doug McMillon

Federal Reserve Chairman Kevin Warsh on Thursday released names of the experts who will comprise five task forces to examine the institution's operations.

Prediction markets spark insider trading concerns. Here's how Goldman and other companies are responding

CNBC reached out to 50 companies about what are their trading policies for employees on prediction markets. A handful had an answer.

Kalshi traders think gas prices will stay higher for longer as U.S.-Iran tensions heat back up

Odds that gas prices are above $3.50 on Election Day in November have jumped to 75% on the platform.

Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin

Competition in the multitrillion-dollar market for retirement assets is fierce among managers like Goldman Sachs, BlackRock, Russell Investments and Mercer.

Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation

The investor believes regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks of sportsbooks.

Fed officials were split on direction of interest rates at last meeting, minutes show

The Federal Reserve on Wednesday released minutes from its June 16-17 meeting.

Fed meeting minutes to show 'family fight' over rates. The squabble could drag on for a while

There have been few instances over the past 35 years or so when the Fed has only made one rate move, be it up or down.

Strait of Hormuz traffic won't return to normal until 2027 after latest setback, Kalshi traders predict

Speculators now see just a 44% chance that traffic flows return to normal by Dec. 1.

China warns about AI risks with Anthropic's Claude Code

China said specific versions of Claude Code posed back-door vulnerabilities that could send sensitive information to a remote server.
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