News

Mortgage rates aren't likely to fall any time soon — here’s why

Mortgage rates have more than doubled from recent lows in 2021. They're not poised to fall much any time soon, economists said.

David Einhorn says we have reached the 'Fartcoin' stage of the market cycle

"We have reached the 'Fartcoin' stage of the market cycle," Einhorn wrote in an investor letter obtained by CNBC.

Ray Dalio says cutting budget deficit is crucial to stabilize the bond market

The widely-followed investor said reducing the deficit can be achieved through higher taxes, lower spending or a combination of the two.

Goldman Sachs rolls out an AI assistant for its employees as artificial intelligence sweeps Wall Street

Wall Street has embraced generative AI faster than any other disruptive tech in recent years because of how adept the models are in replicating human cognition.

Bitcoin will hit a new all-time high in 2025, Binance CEO says

Binance CEO Richard Teng told CNBC he sees "much clearer regulation" in the U.S. this year, adding this will be supportive for crypto markets.

Trade war has no winners, China's vice premier warns, as Trump threatens tariffs

Chinese Vice Premier Ding Xuexiang warned of "no winners" in a trade war during a speech Tuesday during the World Economic Forum in Davos, Switzerland.

Bitcoin slips, Trump token plunges over 20% as bullish crypto sentiment cools

Bitcoin and other cryptocurrencies sank Tuesday as bullish investor sentiment surrounding cryptocurrencies cooled after President Donald Trump's inauguration.

Stanley Druckenmiller says 'animal spirits' are back in markets because of Trump with CEOs 'giddy'

"I'd say CEOs are somewhere between relieved and giddy. So we're a believer in animal spirits," Druckenmiller said.

Trump trade memorandum won't impose new tariffs on day one, says WSJ report

President-elect Donald Trump won't impose tariffs on U.S. trading partners on Monday as soon as he's sworn in, according to the Wall Street Journal.

Chinese investments in the U.S. have plummeted since Trump's first term. The trend is unlikely to reverse

Chinese companies won't likely step up investments in the U.S. under the incoming Trump administration, analysts said.

CFPB fines Equifax $15 million for errors on credit reports

The CFPB alleged the credit reporting bureau failed to conduct proper investigations of consumer disputes.

Trump and bitcoin: BlackRock predicts another historic year for crypto

BlackRock ETF investment chief Samara Cohen thinks President-elect Donald Trump will push crypto-friendly policies.
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