News

OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services

OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling, and pitchbook tasks traditionally handled by junior bankers.

Kalshi launches ‘perps’ for gold and silver following CFTC approval, expanding futures offerings

Its the latest move by the prediction market company to diversify its assets users can trade.

Ant International partners with Visa, Mastercard on developing AI payments

Visa, Mastercard and Ant International are working on common standards for AI-agent payments — including ways to verify and monitor their transactions.

Adani Enterprises shares jump as airport unit enters into $1 billion fundraising deal

The investors will subscribe to new shares in three tranches and collectively own about 5.54% of the airport operator after the final tranche.

China's EV makers shift gears to focus on humanoids as car market slows

As Chinese electric car sales slow and share prices tumble, several of the automakers are ramping up humanoid robotics development.

How one hedge-fund manager built his firm to be powered entirely by AI agents

It's a stark example of a growing reality on Wall Street as firms test the benefits and limits of AI in finance and on their employees.

Visa tells CNBC it is expanding data offering for blockchain lenders as demand for stablecoin-linked cards surges

Visa is doubling down on blockchain-powered financial services with a new program to help issuers of stablecoin-linked cards access loans.

Crypto platforms have lost over $3.63 billion to cyberattacks — even though most of them did security checks

More than 60% of cryptocurrency platforms that lost money due to cyberattacks had undergone independent security audits, CoinGecko said.

China pulls in Big Tobacco to help with smaller-than-expected finance-industry capital injections

With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.

Sugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here

The sweetener's prices surged last week, reflecting a sharp deterioration in the global supply outlook.

White House has vetted candidates for key CFTC vacancies, sources tell CNBC. It's unclear if they will be filled

Filling open commissioner positions at the regulatory agency has been a sticking point in negotiations over the Clarity Act.

Bitcoin heads for third winning week in a row as macro pressures mount

Bitcoin headed for its third straight winning week, as traders searched for refuge amid volatile moves in equities, currencies and bond markets.
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