News

China is defying the global bond yield surge, boosting its diversification appeal

Chinese government bond yields have remained low amid a global surge.

Fed officials saw need for rate hike if inflation doesn't cool, minutes show

The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.

Carvana shares are under pressure this week as Mark Walter probe fuels investor jitters

The scrutiny raised questions about what could happen to Walter's Carvana position if fallout from the investigation pressures him to raise cash.

Retail investors aren't entirely giving up on AI trade, but they appear more cautious

Mom-and-Pop investors remain bullish on AI and tech, but some are adding downside protection.

Goldman studied where AI is squeezing labor markets. Here's what it found

Goldman Sachs found that AI is starting to weigh on employment across developed economies.

What Chinese liquor maker Moutai's slump says about the country's economy

Kweichow Moutai's half-year report showed a rare drop in net profit, following the first annual drop on record.

Analysis: Bond market pressure is squeezing Main Street as Wall Street waits on Warsh

A sell-off in long-term Treasurys is raising borrowing costs, exposing how debt, AI spending and energy are turning the bond market into a political problem.

Kalshi seeks to launch ‘perps’ on equity indexes as it moves in on traditional exchanges' turf

The company is seeking to launch a "US500" perp tied to the MerQube U.S. Large Cap Index, according to a regulatory filing.

Lakers governor Jeanie Buss says siblings cannot sell family’s stake to Bob Iger, Joshua Kushner

Jeanie Buss's lawyer says she has not agreed to sell the team and that any vote suggesting the Buss family is selling "would be and is void."

Prediction market traders see roughly 1-in-4 odds Paramount’s bid to buy Warner Bros. Discovery fails

The odds are higher than they were before 12 states sued to block the merger, but lower than after Paramount delayed the acquisition in late July.

Synchrony, credit card issuer to Amazon and Walmart, partners with OpenAI for ChatGPT shopping

Maran Nalluswami, Synchrony's chief strategy officer, told CNBC it will probably take six to 12 months to get payments fully integrated into ChatGPT.

Berkshire Hathaway boosts Alphabet to a top three holding, ups Delta and housing bets

Berkshire owned about 106 million shares in the parent of Google, worth $37.9 billion at the end of June, according to a regulatory filing released Friday.
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