News

Traders now see little chance of a Fed rate hike in October after weak jobs report

Odds tumbled after a jobs report showed a soft labor market, leading more traders to lower the the chances of a fed funds rate increase this month.

'The hottest skill on Wall Street’: Demand for this AI ability jumped 1,721% as banks embrace agents

Banks are fueling a hiring surge for AI engineers who are good at "agent orchestration" — the ability to coordinate teams of specialized agents.

How AI is redefining Wall Street jobs — and boosting demand for this new 'hottest skill' by 1,721%

Banks are fueling a hiring surge for AI engineers who are good at "agent orchestration" — the ability to coordinate teams of specialized agents.

Bitget 'not expecting to recover a lot' from $388 million hack, CEO tells CNBC

Bitget has frozen a tiny fraction of the $387.5 million stolen in last week’s hack, and restored much of its protection fund.

Fed's Kashkari says inflation is 'still too high' even after softer-than-expected PCE data

Kashkari will sit down with CNBC's Steve Liesman for an exclusive conversation Wednesday night.

Kalshi, Polymarket trading volumes on some products raises questions amid massive growth

Unusual trading patterns on Kalshi and Polymarket are drawing scrutiny as experts debate whether reported volumes reflect organic market activity.

Singapore's Temasek to expand Middle East presence, open Abu Dhabi, Riyadh offices

Singapore state investor Temasek plans to open offices in Riyadh and Abu Dhabi by the first half of 2027, its most significant Mideast expansion to date.

Beijing warns of retaliation if Europe imposes curbs on Chinese businesses

China must "respond firmly" if the EU introduces restrictions on Chinese businesses or products, the Commerce Ministry said, according to a CNBC translation.

Goldman Sachs CEO succession planning faces one big problem

The Goldman Sachs board has reportedly discussed replacing CEO David Solomon, 64, with president John Waldron, 57, as early as next year.

Prediction market traders think the U.S. added more jobs in September than economists estimate

The higher-than-consensus expectations are a bet that the U.S. had another strong month of job growth.

Polymarket taps Goldman Sachs veteran Lisa Mantil to attract Wall Street liquidity

Lisa Mantil, after a nearly three-decade run at Goldman, will join the prediction market's team to attract institutional traders.

Trump’s municipal bond portfolio reaches as much as $1 billion as policy overlaps mount

President Donald Trump disclosed municipal bond holdings worth $300 million to $1 billion, including debt tied to issuers affected by federal policy.
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