Leopold AschenbrennerPhoto: Josh EdelsonTwo years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly.In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of...
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The CFTC orders ex-GOP Rep. George Santos to pay $35,000 over trades on Kalshi
George Santos, who was expelled from the U.S. House of Representatives, arrives for the sentencing in his criminal corruption charges at Central Islip Federal Courthouse in Central Islip, New York, on April 25, 2025.Shannon Stapleton | ReutersThe Commodity Futures Trading Commission has ordered George Santos to pay $35,000 after the...
Investors may want to focus on front end of yield curve — as Street anticipates next Fed meetings
Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global Investments' Noah Wise.The bottom line: Focus exposure on short-term Treasurys over long duration.Wise, the firm's head of global macro strategy and a senior portfolio manager, sees the strategy as part...
China’s factory activity unexpectedly contracts in July on demand slump, typhoons
LIUZHOU, CHINA - JULY 25: Robotic arms assemble auto parts at the workshop of Guangxi Liuzhou Zhuotong Auto Parts Co., Ltd. on July 25, 2026 in Liuzhou, Guangxi Zhuang Autonomous Region of China.He Huawen | Visual China Group | Getty ImagesChina's factory activity unexpectedly contracted in July for the first...
How big is the great wealth transfer? It could be over $100 trillion or $36 trillion
Robert Nicholas | Ojo Images | Getty ImagesA 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.A new estimate for the great wealth transfer has sparked a debate...