News

Ray Dalio warns that 'capital wars' could follow Trump's actions, with countries dumping U.S. assets

Dalio said history offers multiple examples of similar episodes in which economic conflict escalated beyond trade into capital flows and currency disputes.

Bessent says Trump's pick for the next Fed chair could happen next week

The president has whittled down the field to four candidates, Bessent told CNBC during an interview at the World Economic Forum in Switzerland.

Bessent says Powell attending Supreme Court arguments on Lisa Cook is a mistake

CNBC reported that Powell plans to be present for oral arguments in a case that challenges Trump's power to remove governor Lisa Cook.

Venezuela shows how locals turn to Tether-issued USDT stablecoin as governments wobble

Locals in Venezuela, as well as others living under unstable regimes, are turning to USDT as protection from political and economic uncertainties.

Alibaba-backed startup Moonshot AI's valuation is up $500 million, sources say, after its rivals IPO in Hong Kong

Investors are valuing the startup at $4.8 billion as it is about to close another funding round, according to two people familiar with the matter.

Trump threatens to sue JPMorgan Chase for 'debanking' him

President Trump threatened to sue JPMorgan for allegedly "debanking" him following the Jan. 6 insurrection in 2021.

Smaller companies are rising quickly to challenge Big Tech as AI 's best trade

Reliable power, nuclear investment, data-center efficiency, and grid capacity are now core drivers of stock returns from the AI theme as demand ramps.

Hassett pivots to possible 'Trump cards' amid credit card interest rate battle with banks

Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.

Goldman Sachs CEO is looking at how the Wall Street bank can get involved in prediction markets

Goldman's interest comes as prediction markets gain visibility and debate swirls over market transparency and regulatory boundaries.

Fed's Goolsbee says inflation could come 'roaring back' if central bank independence goes away

"Anything that's infringing or attacking the independence of the central bank is a mess," Goolsbee told CNBC.

Morgan Stanley tops estimates driven by wealth management

Stocks are trading at record highs, which could provide a boost to Morgan Stanley's massive wealth management business.

The energy trade that excites VanEck's CEO — and it's not oil

A major exchange-traded fund manager suggests the oil trade won't provide much upside ahead.
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