House passes bill blocking firearm retailer card codes
The measure would bar banks and card networks from using a merchant category code dedicated to gun sellers, according to Congress....
By Marcus V. Thorne 1 month agoMarkets Editor
Marcus V. Thorne
Marcus writes the market wraps and the flows analysis: equities, volatility, and the positioning behind the tape.
Latest from Marcus V. Thorne
CNBC poll finds socialist label less costly than MAGA among voters
CNBC’s latest All-America Economic Survey shows Democrats leading the generic ballot as views of socialism improve, especially amo...
By Marcus V. Thorne 1 month ago
US homebuyer affordability weakens for fifth month as rates weigh
NAR’s affordability index showed the income needed for a median single-family home loan rose to $109,152 in June, despite modest y...
By Marcus V. Thorne 1 month ago
Police link tap-to-pay fraud rings to $1bn in annual retail crime
Law enforcement says stolen cards, digital wallets and retail apps are changing organized retail theft, with gift cards central to...
By Marcus V. Thorne 1 month ago
Oil gains as US-Iran threats put regional infrastructure in focus
WTI and Brent rose more than 1% as Tehran warned it would retaliate against regional infrastructure if Washington attacked Iranian...
By Marcus V. Thorne 1 month ago
Moonshot AI says new Kimi model narrows China’s gap with US rivals
Moonshot AI released Kimi K3, a 2.8 trillion-parameter model it says beats several OpenAI and Anthropic systems on selected benchm...
By Marcus V. Thorne 1 month ago
Seven & i rises on reported talks for Zabka stake
Seven & i shares climbed more than 4% in Tokyo after Nikkei reported the 7-Eleven owner was close to investing in Poland’s Zabka G...
By Marcus V. Thorne 1 month ago
SpaceX shares slide after Starship launch is halted by engine fault
SpaceX traded lower before the open after an ignition failure stopped a Starship test flight seconds before liftoff in Texas.
By Marcus V. Thorne 1 month ago
BP and ConocoPhillips expected to unveil Iraq energy investments
CNBC reported that the planned announcements come as Washington seeks more Iraqi energy investment and export routes less exposed...
By Marcus V. Thorne 1 month ago
SpaceX calls off Starship test as shares extend post-IPO slide
The aborted Starship launch followed an engine-start issue and came as SpaceX stock fell further below its $135 IPO price.
By Marcus V. Thorne 1 month ago
Nadella criticises Anthropic limits on Fable AI model
Microsoft’s chief told engineers that restrictions on Anthropic’s Fable model make little economic or product sense, CNBC reported...
By Marcus V. Thorne 1 month ago
Trive Capital exits Kittyhawk in sale to Viking-backed Machine Sciences
PE Hub reported that Trive Capital sold hot isostatic pressing services provider Kittyhawk to Machine Sciences, a Viking Global po...
By Marcus V. Thorne 1 month ago