The JPMorgan Chase deals mark a shift in the power dynamic between banks, middlemen and the fintech apps that are increasingly threatening incumbents.
Bitcoin falls below $95,000 as four-day rout picks up steam
The world’s oldest cryptocurrency fell below $95,000 on Friday, deepening its plunge into the red.
Investor Ron Baron says the tech selloff is an opportunity and he’s never selling personal Tesla stake
Baron said he’s already made about $8 billion from Tesla over the years, and he believes he could make five times that over the next decade
Stocks making the biggest premarket moves: Warner Bros. Discovery, Cidara Therapeutics, Avadel Pharmaceuticals and more
These are some of the stocks posting the largest moves in premarket trading.
CEO of Southeast Asia’s largest bank says AI adoption is already paying off: ‘It’s not hope, it’s now’
Amid fears of an AI bubble, much has been made of recent reports suggesting that AI has yet to generate returns for companies investing billions into the tech.
Trump tariffs are helping drive U.S. beef prices to new highs
President Trump’s tariffs are adding to higher beef prices, along with drought and parasites in a stressed U.S. beef supply chain.
Sotheby’s CEO sees ‘very strong demand’ ahead of $1.4 billion art auctions
The fall auction sales in New York next week are expected to top $1.4 billion, marking a 50% increase from last year, according to art experts.
Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts
Fed Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in the bag.
Stocks making the biggest moves midday: Walt Disney, Sweetgreen, Cisco, Planet Fitness and more
These are the stocks posting the largest moves in midday trading.
TKO, Polymarket strike multiyear deal to integrate prediction markets into UFC events
The deal makes UFC and Zuffa Boxing the first sports organizations to incorporate prediction market technology into live events.