Warsh says Treasury contact is frequent as he defends Fed independence
Fed Chair Kevin Warsh told senators he speaks often with Treasury Secretary Scott Bessent while insisting rate decisions remain hi...
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Stocks
Anthropic lines up investor meetings as IPO planning advances
Goldman Sachs, Morgan Stanley and JPMorgan are working on a possible Anthropic listing, CNBC reported, as AI startups move closer...
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Mortgage rates hit highest level since August as purchase demand slips
The 30-year fixed rate rose to 6.65%, MBA data showed, pushing purchase loan applications lower even as refinancing ticked up.
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IBM’s 25% slide puts elevated options premiums in focus
IBM’s revenue warning drove its sharpest one-day drop in decades, while CNBC’s Options Action highlighted a short-strangle trade t...
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Clayton declines to say Biden won 2020 election at DNI hearing
Trump’s nominee for director of national intelligence faced Senate questions on elections, press subpoenas and the stalled surveil...
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SpaceX shares fall below IPO price for the first time
SpaceX stock dropped under its $135 IPO price Wednesday after a fourth straight losing session, CNBC reported.
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DTCC tests tokenized assets with JPMorgan, BlackRock and NYSE
The U.S. post-trade giant is showing how blockchain-based versions of stocks, ETFs and Treasurys could work inside existing market...
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Retirement savers see a $1.2 million goal, but many expect far less
A Schroders survey found a wide gap between Americans’ retirement target and what many workplace plan participants expect to save.
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Hassett says latest inflation data leaves no case for Fed rate hikes
Kevin Hassett said the June CPI report supports lower rates, while Fed Chair Kevin Warsh warned against declaring victory on infla...
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Cramer says Goldman can climb as Wells Fargo tries to shift the story
The CNBC host praised Goldman's investment-banking quarter and said Wells Fargo must persuade investors to look beyond net interes...
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JPMorgan commits $24 million to U.S. shipbuilding push
Jamie Dimon said the funding will support submarine manufacturing, maritime small businesses and suppliers as JPMorgan expands its...
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Buffett says Gates-Epstein ties were distasteful, but not decisive
Warren Buffett told CNBC he reviewed Bill Gates’ Epstein ties before shifting this year’s Berkshire stock gifts to family-linked f...
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