How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Leopold AschenbrennerPhoto: Josh EdelsonTwo years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw...
Banks
Visa is cutting 7% of employees in efficiency push as AI reshapes work
Visa's Ryan McInerney delivers a keynote address at the Transact 15 conference in San Francisco, California, April 1, 2015.Noah Berger...
Moody's says 'unprecedented' AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Sundar Pichai, CEO of Alphabet, Satya Nadella, CEO of Microsoft, Andy Jassy, CEO of Amazon and Mark Zuckerberg, CEO of...
UniCredit CEO tells CNBC full acquisition of Commerzbank could happen in fourth quarter
UniCredit is aiming to acquire Commerzbank in the fourth quarter, the CEO of the Italian bank told CNBC in an...
Goldman Sachs creates private markets platform as rich investors seek the next SpaceX and Stripe
A SpaceX Flacon 9 rocket lifts off from Space Launch Complex 40 on June 8, 2026, in Cape Canaveral Space...
IRS chief Frank Bisignano laughs off JPMorgan spying allegations
Frank Bisignano, chief executive officer of the Internal Revenue Service (IRS), during a House Ways and Means Subcommittee on Social...
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices
JPMorgan Chase CEO Jamie Dimon said investors are underestimating the risks facing the global economy and that he wouldn't buy...
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 Institute of International Finance annual membership...
Capital One bet big on Discover. Now it must prove the gamble was worth it
Capital One poured more than $35 billion into acquiring credit card rival Discover. After a couple of lackluster quarters and...
The AI rotation stole the spotlight from a strong start to earnings season
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected...
Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion
President Donald Trump (L) and Sen. Elizabeth Warren (D-MA).Reuters | Getty ImagesSen. Elizabeth Warren, D-Mass., said Thursday that the Trump...
Anthropic moves closer to mega-IPO as bankers line up investor meetings
Dario Amodei, co-founder and CEO of Anthropic, during the company's Builder Summit in Bengaluru, India, Feb. 16, 2026.Samyukta Lakshmi |...
‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding
JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move...
Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%
Morgan Stanley on Wednesday posted record revenue and profit for the second quarter, driven by a 69% surge in equities...
The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon and Goldman Sachs Chairman and CEO David Solomon.Angela Weiss |...
Bank earnings live updates: JPMorgan, BofA, Goldman, Citi and Wells Fargo are set to report
Here's what to expect from Goldman SachsDavid Solomon, CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic...
Trump calls for Congress to pass Clarity Act crypto bill to honor Lindsey Graham
U.S. Senator Lindsey Graham (R-SC) gestures, while standing next to former U.S. President Donald Trump, during Donald Trump's campaign stop...
Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane...
Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
Marc Nachmann, Goldman Sachs global head of asset and wealth management.CNBCGoldman Sachs said Thursday it won deals to manage a...
Jim Cramer calls out buying opportunities in this 'vicious' market rotation
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a...
