Terry Duffy, CME Group Scott Mlyn | CNBC CME Group‘s longtime leader Terry Duffy will step down as chief executive officer next year, succeeded by President and Chief Financial Officer Lynne Fitzpatrick. Duffy, 67, will transition to executive chairman effective March 1, 2027, the company said Wednesday. It marks a more than two-decade run that…
Renovations continue at the Federal Reserve Board building in Washington, D.C., U.S., November 14, 2025. Elizabeth Frantz | Reuters Prediction market traders think consensus will return to the Federal Reserve’s policy-setting board when new chairman Kevin Warsh presides over its June interest rate decision later Wednesday. At April’s meeting, the last under former Fed chair…
Check out the companies making the biggest moves premarket: Carmax — Shares rose more than 3.5% after the company delivered an earnings and revenue beat in its first-quarter financial report. CarMax reported earnings of $1.31 per share, well above analysts polled by LSEG’s expectations for earnings of 95 cents per share. AST SpaceMobile — The…
The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters BEIJING — Senior Chinese officials on Wednesday stressed Beijing’s plans to share artificial intelligence globally and safely, the latest sign of how the U.S. and…
Michael Burry attends “The Big Short” New York screening Ziegfeld Theater on Nov. 23, 2015 in New York City. Astrid Stawiarz | Getty Images Michael Burry of “The Big Short” fame said Tuesday he has no position in SpaceX, arguing that options used to wager against the stock remain too expensive even as he questioned…
Kevin Warsh, nominee for chairman of the Federal Reserve, arrives for his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in the Dirksen building, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images When the Federal Reserve wraps up its policy meeting Wednesday, one important thing could be missing — a…
Jonathan Raa | Nurphoto | Getty Images Artificial intelligence giant Anthropic shocked observers when it said Friday evening it disabled access to its Fable 5 and Mythos 5 models to comply with an order by the U.S. government. But traders on prediction market platform Kalshi think it’s more likely than not that the Fable model…
For decades, companies have turned to futures markets to manage uncertainty. Airlines hedge fuel costs. Farmers hedge crops. Manufacturers hedge metals. Now a startup wants to bring that same financial machinery to artificial intelligence. Silicon Data, a company that tracks pricing across cloud providers and GPU marketplaces, has partnered with CME Group to launch what…
Check out the companies making the biggest moves premarket: SpaceX — Elon Musk’s rocket company jumped another 10% , building on its already massive gains. SpaceX priced its initial public offering at $135 per share and began trading Friday. The stock traded at around $212 in the premarket, 57% above the IPO price. Huntsman —…
A sports-themed display in a Beijing mall ahead of the World Cup kickoff on June 11, 2026. CNBC | Yin Hon Chow BEIJING — Long gone are the days when catching World Cup soccer games on the go meant buying a portable mini television set. Instead, consumers in China can just whip out their phones….
