CNBC Wealth Editor Robert Frank speaks with Bugatti Rimac CEO Mate Rimac about the supercar market, electric vs. combustion engines, and the future of Bugatti.
Author: admin@finance
Goldman Sachs partner warns of ‘huge danger’ in letting AI replace bankers’ reasoning skills
Goldman Sachs is embracing AI, but one of its senior tech leaders warns that it comes with an unintended risk: weakening the reasoning skills of future bankers.
Prediction market traders doubtful Bessent’s bond interventions will push yields lower
Speculators still see yields hitting new highs in 2026 and ending the year at levels elevated from where they’re currently trading.
Crypto extends gains after biggest 3-day rally since 2023
Bitcoin and crypto stocks extended their rally after the flagship cryptocurrency broke out of its trading range.
Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
Stocks making the biggest moves premarket: Alibaba, Marvell, Sandisk, Coinbase and more
These are the stocks posting the largest moves premarket.
‘They asked too much’: Canadian dollar slides as Ottawa and Washington head for all-out trade war
“As a smaller, more open economy, Canada has more to lose from this,” ING strategists said Monday.
Singapore inflation hits highest in nearly two years, but undershoots expectations
Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters
Alibaba plunges after announcing $10.2 billion share placement to fund AI push
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
Wells Fargo and Citigroup have room to buy a big bank. These 5 regionals fit the bill
Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.