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Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say

Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say

Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the wave of optimism spurred by former President Donald Trump’s pro-crypto overtures this summer starts to recede. “Do […]

Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say Read More »

JPMorgan Chase shares drop 7% after bank tempers guidance on interest income and expenses

JPMorgan Chase shares drop 7% after bank tempers guidance on interest income and expenses

Daniel Pinto, president and chief operating officer of JPMorgan Chase, speaks during the Semafor 2024 World Economy Summit in Washington, DC, on April 18, 2024. Saul Loeb | AFP | Getty Images JPMorgan Chase shares fell 7% Tuesday after the bank’s president told analysts that expectations for net interest income and expenses in 2025 were

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Federal Reserve unveils toned-down banking regulations in victory for Wall Street

Federal Reserve unveils toned-down banking regulations in victory for Wall Street

Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on “Recent Bank Failures and the Federal Regulatory Response” on Capitol Hill in Washington, March 28, 2023. Evelyn Hockstein | Reuters A top Federal Reserve official on Tuesday unveiled changes to a proposed set

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Goldman Sachs to post 0 million hit to third-quarter results as it unwinds consumer business

Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business

David Solomon, CEO of Goldman Sachs, during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on Aug. 6, 2024. Jeenah Moon | Bloomberg | Getty Images Goldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind its ill-fated consumer

Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business Read More »

Bitcoin rebounds from its worst week in more than a year, jumping above ,000

Bitcoin rebounds from its worst week in more than a year, jumping above $57,000

Bitcoin jumped Monday evening and topped $57,000 after Wall Street’s rebound from its worst week of the year. The price of the flagship cryptocurrency was last higher by 5.6% at $57,4449.00, according to Coin Metrics. Last week, bitcoin tumbled 9% for its worst weekly performance since August 2023.  Stock Chart IconStock chart icon Bitcoin performance

Bitcoin rebounds from its worst week in more than a year, jumping above $57,000 Read More »

Top 10 people most likely to reach trillionaire status

Top 10 people most likely to reach trillionaire status

Combination showing Elon Musk (L), Gautam Adani (C), and Jensen Huang (R) Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. On Sept. 29, 1916, newspapers across the country announced a wealth

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Family offices are about to surpass hedge funds, with .4 trillion in assets by 2030

Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030

Colleagues working together in the office. Aja Koska | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are expected to add more than $2 trillion

Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030 Read More »

Bitcoin rebounds from its worst week in more than a year, jumping above ,000

Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000

Cryptocurrencies fell Tuesday evening as Asia futures pointed lower, triggering a wave of liquidations on the Bybit exchange. The price of bitcoin was last lower by 6.2% at $59,504.68, according to Coin Metrics. Ether tumbled more than 8% to $2,457.61. “Crypto markets moved down sharply, triggering a leverage driven liquidation,” said Steven Lubka, head of

Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000 Read More »

JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI

JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI

JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to inject the technology throughout the sprawling financial giant. The program, called LLM Suite, is already available to more than 60,000 employees, helping them with tasks like writing

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