News

Silver futures log worst day since 2021, retreating sharply from record

Silver slid more than 8% on Monday, after topping $80 for the first time ever in overnight trading.

China to crack down on AI chatbots around suicide, gambling

The proposed rules come as Chinese artificial intelligence chatbot startups Minimax and Z.ai have this month filed for Hong Kong IPOs.

Citadel to return $5 billion in profit to investors, source says

The firm's flagship multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said.

Here's how AI could influence the Fed's economic outlook

Artificial intelligence could produce faster gains in worker productivity, altering the U.S. labor market and the Federal Reserve's economic outlook.

Asset manager Janus Henderson gets bought by Trian, General Catalyst for $7.4 billion

Asset manager Janus Henderson agreed to be acquired by investors Trian Fund Management and General Catalyst, the companies announced Monday.

Waller had a 'strong interview' for Fed chair with Trump as president appears to turn focus to job market

The positive description of the Waller interview by officials was not necessarily an indication that he was a favorite candidate for the job.

Friday could be a wild day of trading on Wall Street. Here's why

December options expirations are typically the biggest of the year, but this one eclipses all prior records, Goldman said.

Visa says new AI shopping tool has helped customers with hundreds of transactions

Visa said it successfully completed hundreds of AI transactions as part of a pilot program it kicked off after a product event in April.

Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say

Tricolor's collapse was one of a string of defaults that churned the U.S. banking industry this fall, sparking concerns over risks in the financial system.

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

Billionaire investor Ron Baron believes many high-quality stocks are being overlooked in a tech-obsessed market, including two financial companies he is buying.

Robinhood is rolling out NFL parlay and prop bets on prediction markets platform

Robinhood announced Tuesday that users will be able to trade on National Football League games and player performances.

Nasdaq moves to make trading nearly 24 hours. Why some on Wall Street say that's a bad idea

Critics argue that formalizing nearly nonstop trading could worsen some of the very problems that plague the structure of equity markets today.
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