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Banking giant JPMorgan Chase warns that a maturing market could pose a systemic risk capable of triggering a meltdown reminiscent of the 2007 Global Financial Crisis.
In a new interview on CNBC, Bill Eigen, the CIO of JPMorgan Asset Management’s absolute fixed income division, says there’s a speculative fever spreading throughout markets, as evidenced by the hot crypto and meme stock markets.
He...
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AI is evolving at breakneck speed, with autonomous agents now capable of analyzing markets, diagnosing diseases, writing code and making hiring decisions.
But as capabilities grow, so does a more profound unease – who governs these agents, and by what rules?
A handful of corporations are controlling access, performance and alignment. This centralization of...
Banking giant Goldman Sachs is looking to take over smaller financial institutions, with several firms already on its radar, the New York Post reports.
In an op-ed for NYP, finance journalist Charles Gasparino says that a CEO of a financial services giant revealed that, because of more lax regulations, banks are on the prowl for acquisitions.
Says the unnamed source,
“Because of the Fed’s...
A Silicon Valley startup says it has discovered the pinnacle of alchemy – converting a relatively common metal into gold.
Marathon Fusion is proposing a process that uses nuclear fusion to turn mercury into gold, reports the Economic Times.
In a scientific paper, the firms says it’s possible to use high-energy neutrons from a fusion reactor to bombard mercury-198, turning it into mercury-197,...
A closely followed crypto strategist believes that the Bitcoin (BTC) bull market will endure another year or so based on historical precedent.
Pseudonymous analyst TechDev tells his 537,900 followers on the social media platform X that he thinks Bitcoin follows the business cycle, or the ebb and flow of macroeconomic activity, rather than the four-year halving cycle.
According to the analyst,...
A Utah man will spend nine years behind bars and pay millions of dollars in restitution after defrauding investors to the tune of $3.7 million.
In a press release, the Department of Justice says Santiago Garcia Gutierrez is guilty of wire fraud, impersonating a federal officer, aggravated identity theft and making a false statement after orchestrating two separate fraudulent investment schemes...
Banking titan Wells Fargo is unveiling a scenario that could trigger a correction for artificial intelligence (AI)-focused stocks.
In a new CNBC interview, Chris Harvey, the head of equity strategy at Wells Fargo Securities, says investors are skeptical about the sustainability of stock market rallies after equities rebounded in a massive way from the April lows.
Rather than a pullback, Harvey...
Three US banks are facing a class action lawsuit over their alleged involvement in a Ponzi scheme.
Community Financial Services Bank, Mechanics Bank and RABO AgriFinance are accused of knowingly or negligently enabling a Ponzi scheme orchestrated by Kentucky farmer and businessman Brian McClain, reports WPSD Local 6.
McClain is accused of stealing millions of dollars from investors in Graves...
Fundstrat co-founder and managing partner Tom Lee says that deep-pocketed investors are still skeptical of a certain stock group, despite a rally in the markets.
In a new interview on CNBC Television, Lee says that high-net-worth investors are still on the fence about speculative stocks, shares of firms that carry a high level of risk but also offer the potential for very high returns
The...
Gemini co-founder Tyler Winklevoss says that the banking giant JPMorgan is attempting to sabotage fintech and crypto firms.
In a post on the social media platform X, the billionaire says that JPMorgan retaliated to a tweet he made last week, saying that the financial services titan was seeking to bankrupt fintech and crypto firms by charging them fees to access their customers’ account...