A staff member sorts Kweichow Moutai liquor at a supermarket in Yongnian district of Handan, North China’s Hebei province, Jan 9, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Walk down most streets in China and you’ll find a liquor store advertising premium spirits brand Moutai, along with posters of resale prices by…
Kalshi logo is seen in this illustration taken, August 3, 2026. Dado Ruvic | Reuters Prediction market platform Kalshi in a regulatory filing on Tuesday revealed it is seeking to launch perpetual futures tied to equity indexes. The filing with the Commodity Futures Trading Commission is the latest move by the company to expand beyond…
CNBC’s Jim Cramer said Monday the AI boom has rewritten the rules for memory stocks and their massive rallies may not be over. “While I acknowledge that I am not early, I do not think I am late,” the “Mad Money” host said. Memory stocks have been among the biggest beneficiaries of the AI trade…
Chris Kubasik, chief executive officer of L3Harris, during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Friday, July 10, 2026. David Paul Morris | Bloomberg | Getty Images Defense contracting giant L3Harris Technologies ousted CEO Chris Kubasik on Sunday after learning he engaged in “certain conduct … that was…
Paramount and Warner Bros logos are seen in this illustration. Dado Ruvic | Reuters Prediction markets traders still see Paramount Skydance as likely to succeed in its bid to acquire Warner Bros. Discovery, but a battle in court with 12 state attorneys general is increasing the chances that the merger falls through. Traders on prediction…
Wall Street’s so-called “fear gauge” has fallen to its lowest level of 2026 so far, reflecting relative market tranquility in a year marked by geopolitical turbulence — but the calm appears unlikely to last. Strategists warn that rock-bottom volatility, fresh stock market all-time highs and unresolved geopolitical risks are converging just as markets enter the…
Berkshire Hathaway CEO Greg Abel holds a U.S. flag at a naturalization ceremony hosted by the Iowa Cubs in Des Moines on June 25, 2026. Iowa Cubs/Michael Hill Berkshire Hathaway sharply increased its stake in Alphabet in the second quarter, vaulting the Google parent into its three biggest stock holdings. The sprawling conglomerate also added…
Wall Street’s largest banks are riding a lucrative new wave — bankrolling the AI gold rush. Goldman Sachs was a key facilitator in this week’s artificial intelligence funding announcements from both Nvidia and Intel . These are just two of several recent high-profile wins, providing a financial windfall for the venerable investment bank. All three of…
The Commodity Futures Trading Commission is conducting an internal review into “mention markets” on prediction platforms, people familiar with the situation told CNBC Friday. Mention markets are made up of contracts where traders speculate on whether specific words will be used in a speech, a corporate earnings call with analysts and investors or a television…
Backed by Uber and powered by Chinese company Pony.ai, Croatia’s Verne has rolled out robotaxi services in the capital city Zagreb since spring 2026. Marko Perkov | Afp | Getty Images BEIJING — U.S. ride-hailing giant Uber is ramping up its global robotaxi coverage with operator Pony.ai. The companies plan to deploy 2,000 of Pony.ai’s…
