Anthropic bankers begin investor meetings as potential IPO advances
Goldman Sachs, Morgan Stanley and JPMorgan Chase are involved as the AI company tests demand for a possible listing later this yea...
By Sarah Jenkins 1 month agoSection
Markets
Clayton declines to say Biden won 2020 vote at DNI confirmation hearing
Trump’s nominee to oversee 18 intelligence agencies faced Senate questions on elections, press subpoenas and the lapsed Section 70...
By Amanda Ross 1 month ago
Buffett backs Kevin Warsh as Fed chair after rate-hold debut
Warren Buffett told CNBC that Kevin Warsh was a “good choice” to lead the Federal Reserve as the new chair prepares for Senate tes...
By Amanda Ross 1 month ago
AWS executive Dave Brown to leave Amazon after nearly 19 years
Amazon said Dave Brown, a senior AWS leader tied to EC2, compute and machine learning services, will be succeeded by Dave Treadwel...
By Amanda Ross 1 month ago
IBM selloff pushes options volatility near pandemic-era extremes
IBM shares fell 25% after a preliminary revenue miss, while CNBC said one-month implied volatility remained in the 99.6th percenti...
By Amanda Ross 1 month ago
SpaceX falls below IPO price for first time
Shares of SpaceX declined for a fourth straight session Wednesday, slipping under the $135 level set in the company’s June IPO.
By Marcus V. Thorne 1 month ago
Warsh says he speaks often with Treasury as Senate probes Fed independence
Fed Chair Kevin Warsh told senators he talks frequently with Treasury Secretary Scott Bessent while defending the central bank’s a...
By Amanda Ross 1 month ago
US savers put comfortable retirement at $1.2mn, Schroders survey says
Schroders found a wide gap between retirement expectations and projected savings among US workplace plan participants.
By Marcus V. Thorne 1 month ago
DTCC tests tokenized assets with major Wall Street firms
DTCC is running a one-day demonstration to show how blockchain-based versions of securities could work inside existing market plum...
By Marcus V. Thorne 1 month ago
Hassett says June CPI leaves no case for Fed rate increases
The NEC director told CNBC lower inflation should turn the Fed toward cuts, while Chair Kevin Warsh cautioned that price pressures...
By Amanda Ross 1 month ago
Cramer says Goldman has room to rise as Wells Fargo seeks new narrative
CNBC’s Jim Cramer pointed to investment banking strength at Goldman Sachs and questioned whether Wells Fargo can shift investor fo...
By Amanda Ross 1 month ago
Buffett says speculative trading is making value harder to find
The Berkshire Hathaway chairman told CNBC that market conditions favor gambling over patient investing as stocks trade near record...
By Marcus V. Thorne 1 month ago