Despite gen AI hype, venture capitalists are still largely on the sidelines
PitchBook’s first-quarter report shows that venture activity got off to a slow start this year as investors remain cautious on early stage tech.
Apple reportedly exploring personal home robots
Apple is exploring the development of personal home robots after ditching its electric vehicle project, Bloomberg reported Wednesday.
Bitcoin holds at $65,000, and ARK’s bitcoin ETF sees $87 million in outflows: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry….
10-year Treasury yield retreats after touching 2024 high
The 10-year Treasury note yield was near slightly lower on Wednesday despite rising to a fresh 2024 record.
Steve Cohen says his financial firm can already save $25 million by using AI
The Point72 founder told CNBC that his firm has found ways for even the early AI models to save the company money.
Top performing investor doubts Nvidia is really worth this much, buying 2 unusual stock plays instead
Nvidia may be the hottest tech crown jewel for Wall Street at the moment, but at least one investor’s not buying into it.
Steve Cohen says the Fed may have a hard time getting inflation down to its goal
The Point72 CEO said there’s a lot of “underemployment” in the country, which could create upward pressure on inflation if economic growth remains strong.
Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter
Bostic expressed concern about the pace of inflation and indicated he doesn’t think rate cuts should come until much later in the year.
European markets close higher after euro zone inflation data surprises
European markets closed higher Wednesday, shaking off some of the negative sentiment seen at the start of the new quarter.
Private payrolls increased by 184,000 in March, better than expected, ADP says
Private sector job growth expanded in March at its fastest pace since July 2023, ADP reported Wednesday.
