News

More united Fed board seen at Warsh's first meeting, according to Kalshi traders

Traders on prediction market platform Kalshi largely forecast a unanimous decision among FOMC members at Wednesday's meeting, after April's divided vote.

CME Group's Terry Duffy to step down in 2027, CFO Lynne Fitzpatrick to become CEO

Duffy, 67, will transition to executive chairman effective March 1, 2027, the company said Wednesday.

China pushes for AI safety as G7 summit wraps up without Beijing

China included artificial intelligence in its global governance whitepaper published Wednesday, and said Beijing was speeding up cooperation efforts.

Michael Burry says he's tempted to bet against SpaceX, but passes on expensive options

Burry argued the company's market capitalization had reached levels that dwarf many established businesses and fortunes.

Fed Chair Warsh expected to withhold 'dot' from central bank's interest rate outlook

The central bank's Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head.

Prediction market traders speculate Anthropic will restore access quickly to AI model after Trump admin directed it to limit reach

Traders think it's more likely than not that access is restored by July 1.

The new oil? Inside the effort to turn AI computing power into a tradeable commodity

AI compute futures could eventually rival some of the world's largest commodity markets, Silicon Data's Carmen Li believes.

People in China are watching the World Cup differently this time

A 12-hour-plus time difference and various streaming options are influencing how people in China watch the World Cup.

CFTC chair Selig defends decision to approve ‘perps’ in U.S.

Michael Selig said that incumbents will always fear the future, but it's important to develop the new asset class domestically rather than only offshore.

SpaceX IPO leaves retail investors with too few shares and a tough hold-or-sell decision

Those who did receive stock are taking different approaches, with some selling into the company's market debut while others are holding for the long haul.

SpaceX doesn't have a timeline for its human missions to Mars. Kalshi traders say don't expect it this decade

Traders on prediction market platform Kalshi see only an 18% chance the Elon Musk-led company gets to Earth's neighbor by 2030.

Ron Baron bought $1 billion of SpaceX shares in IPO, lifting stake to $25 billion

"I think we're gonna make hundreds of billions of dollars," Baron said Monday on CNBC's "Squawk Box."
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