News

Wealthfront files for IPO, joining wave of fintech firms going public in 2025

Wealthfront, the startup that helped popularize the robo-advisor style of automated investing, filed for a U.S. initial public offering Monday.

Odds of a government shutdown rise to 70% in prediction markets

Users on Kalshi and Polymarket upped their bets on a government closure after the Labor Department said it won’t release a key jobs report in a shutdown.

Why an analyst downgrade of Wells Fargo does not change our conviction in the stock

Morgan Stanley analysts cut Wells Fargo to a hold-equivalent rating from a buy Monday, citing limited upside ahead for shares.

Cleveland Fed’s Hammack warns of 'challenging time' amid inflation worries

"On the inflation side right now, I continue to be worried," Cleveland Federal Reserve President Beth Hammack Hammack told CNBC's "Squawk Box Europe."

President Trump posts cartoon image depicting him firing Fed Chief Powell

Trump has repeatedly criticized Powell for his cautious approach to cutting interest rates, nicknaming him "Too Late Powell."

'Spectacular' AI growth is creating a serious labor market problem for Fed, Jefferies' David Zervos warns

Long-time market bull David Zervos is worried the Federal Reserve is dangerously ignoring the artificial intelligence boom's fallout.

Not just for the ultra-wealthy: Two firms team up to create more access to private credit boom

Simplify Asset Management and VettaFi launched the actively managed Simplify VettaFi Private Credit Strategy ETF (PCR) on Wednesday.

How gold, bitcoin are moving beyond market hedge and boosting investment income

Investors want exposure to alternative assets that don't move with stocks and bonds. They also want income. Wall Street and BlackRock have an answer.

Chinese stocks are on fire this year, drawing big interest from foreign and domestic investors

Chinese stocks, once deemed univestable by many, are luring both local and foreign investors impressed by recent returns.

Once a $40 billion fintech darling, Checkout.com is now valued at $12 billion

The internal valuation of $12 billion represents a significant decline from the $40 billion assigned to Checkout.com in a 2022 funding round.

Global casting call for top traders: From TV weatherman to dentist, FundSeeder finds hidden talent

"There are lots of great traders globally that are completely unknown," "Market Wizards" author Jack Schwager said.

Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records

A group of Disney investors are seeking board materials, communications and policies related to the suspension of "Jimmy Kimmel Live!" 
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