Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.
Category: Finance News
New York sues Kalshi, says prediction market is running ‘illegal gambling operation’
It comes after a federal judge earlier this month denied Kalshi’s attempts to intervene against the state’s Gaming Commission.
Fed officials who voted to hike rates say action is needed now against inflation
Kashkari and Hammack joined Dallas Fed President Lorie Logan in dissenting against holding the Fed’s key overnight borrowing rate steady.
Jewelry drives luxury rebound: Here’s what to know
One of the big themes emerging from luxury retail earnings this quarter: rising jewelry sales. CNBC’s Robert Frank joins ‘Squawk Box’ with the details.
Stocks making the biggest moves premarket: Replimune, Chevron, Apple, Amazon, Moderna & more
These are the stocks posting the largest moves premarket.
More consumer companies are staying private for longer, avoiding the IPO road
With the rise of secondary markets and a stronger liquidity environment, more companies are choosing to stay private for longer, according to experts.
China’s factory activity unexpectedly contracts in July as export rush fades
China’s factory activity unexpectedly contracted in July, as the export rush that powered a second-quarter rebound began to unwind.
China’s U.S.-bound shipments fall in July after brief recovery, survey shows
The latest China Beige Book study found factory activity decelerated in July.
Stocks making the biggest moves after hours: Apple, Amazon, Rivian, Reddit & more
These are the stocks posting the largest moves in extended trading.
Stocks making the biggest moves midday: Meta, Microsoft, MarketAxess, Crocs & more
These are the stocks posting the largest moves in midday trading.