The cryptocurrency is likely to break below its lows hit in early February, traders on prediction market Kalshi believe.
Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents
Morgan Stanley’s move is one of the earliest instances of a major Wall Street bank opening its platforms to external AI tools.
Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.
Stocks making the biggest moves premarket: Blackstone, Marvell Technology, Palo Alto Networks & more
These are the stocks posting the largest moves premarket.
U.S. proposes fresh tariffs on 60 economies over forced labor trade practices
USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.
Goldman Sachs cuts Hong Kong stocks in favor of mainland China AI hardware plays
The investment bank on Wednesday cut its rating on H shares to market-weight from overweight, while staying overweight mainland China’s A shares.
U.S., Iran intensify attacks as ceasefire frays, peace talks stall
The regional conflict has hardened into a stalemate as the U.S. and Iran failed to turn a fragile ceasefire into a lasting peace deal.
Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author
The new Fed chair has made his first hires. One wrote the Fed chapter in conservative policy blueprint “Project 2025.”
Traders say Karen Bass and Spencer Pratt will advance to runoff in high-profile L.A. mayoral race
Los Angeles voters go to the polls Tuesday. If no candidate receives more than 50%, the top-two vote getters will advance to a November runoff.
Greg Abel channels Buffett’s deal-making style in nearly $17 billion spree, expanding into tech
The back-to-back deals offer one of the clearest signals yet that Abel is prepared to put Berkshire’s enormous balance sheet to work.