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Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon
Billionaire investor Ron Baron believes many high-quality stocks are being overlooked in a tech-obsessed market, including two financial companies he is buying.Read More...
Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say
Tricolor's collapse was one of a string of defaults that churned the U.S. banking industry this fall, sparking concerns over risks in the financial system.Read More...
Robinhood is rolling out NFL parlay and prop bets on prediction markets platform
Robinhood announced Tuesday that users will be able to trade on National Football League games and player performances.Read More...
Nasdaq moves to make trading nearly 24 hours. Why some on Wall Street say that’s a bad idea
Critics argue that formalizing nearly nonstop trading could worsen some of the very problems that plague the structure of equity markets today.Read More...
Kevin Warsh moves ahead in Fed chief race on Kalshi after Hassett pushback
Traders marked Warsh as the narrow favorite to replace Jerome Powell, assigning him roughly a 46% chance of nomination, compared with about 39% for Hassett.Read More...
Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon
Slope, an AI lending platform backed by JPMorgan Chase, told CNBC exclusively that it is launching a partnership with Amazon's independent sellers.Read More...
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