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Bitcoin turned positive Monday after President Donald Trump voiced his support for cryptocurrency. Earlier in the session, bitcoin dove toward $60,000 after Strategy, a longtime corporate buyer of the token, sold some of its holdings for the second time this year, dealing a blow to the asset once dubbed “digital gold.” The flagship cryptocurrency was last trading at $63,853.85, up 1.8% on the day. Earlier, it was down more than 2%. “Well … I’ve become …

Klarna, the Swedish fintech firm best known for its buy now, pay later offerings, said Monday it applied to federal and state regulators to establish a U.S. bank subsidiary. The firm said that, if approved, Klarna Bank USA would be a Federal Deposit Insurance Corp.-backed institution chartered in Utah. The proposed bank would be led by Gary Harding, former CEO of Milestone Bank and Prime Alliance Bank, according to Klarna. “We’ve seen firsthand the appetite …

The 2026 FIFA World Cup was forecast to be the biggest gambling event in history. For prediction market platforms, that’s led to soaring trading volumes in June.  Kalshi saw more than $31 billion in notional volume during the month, a more than 70% increase from May’s total of $17.9 billion, according to user collected data on Dune Analytics. The platform has consistently managed volume over $1 billion daily since the soccer tournament began on June …

Nearly a decade after leaving its former home, the Museum of American Finance is welcoming the public to its new headquarters – and just in time for the country’s 250th anniversary. The 5,400-square-foot museum located on Commonwealth Pier in Boston is the Smithsonian Institution affiliate’s first permanent home since it terminated its lease at 48 Wall Street in New York in 2018 because of a flood. After signing a new lease only 16 months ago, …

A 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 month after the passage of a tax on second homes in New York City, sales of luxury real estate remain strong and inventory is falling, according to brokers and analysts. When New York Gov. Kathy Hochul and the state legislature approved the …

Ken Griffin’s Citadel posted positive returns across its various hedge fund strategies in the first half of 2026, led by double-digit gains in its tactical trading and equities funds. The hedge fund firm’s tactical trading fund, which combines discretionary equity investing with quantitative strategies, climbed 14.3% through the end of June after gaining 3.1% in June alone, according to a person familiar Citadel’s returns who asked not to be identified because the information is private. …

SpaceX may put other mega-cap IPOs on the fast track. According to Kathmere Capital Management’s chief investment officer, it could emerge as the ultimate blueprint for Silicon Valley — especially when it comes to the expected Anthropic and OpenAI public debuts. “It would not surprise me at all to see a similar dynamic play out with some of these [IPOs] set to come in the months ahead,” Nick Ryder told CNBC’s “ETF Edge” this week. …

BEIJING — Alibaba-affiliate Ant Group is ramping up its move into humanoid robots. Ant has led a 500 million yuan ($73.58 million) funding round in humanoid robotics company Zeroth, the start-up announced Thursday. It’s the 12th company in the sector that Ant has invested in since the beginning of 2025, according to CNBC analysis of PitchBook data. The investments tracked by CNBC range from humanoid robotics companies Galaxea and Unitree, to parts and software start-ups …

Dan Ives, one of Wall Street’s most recognizable technology analysts, is leaving his longtime role at Wedbush Securities to launch a merchant bank aimed at combining research, advisory, capital raising and investing under one roof. Ives, who has spent the past eight years at Wedbush and more than 25 years covering technology stocks, said the new firm will seek to build what he described as a “modern merchant bank” focused on helping companies and investors …

Federal Reserve Chairman Kevin Warsh has said that inflation is a “choice.” The same could also be true of how inflation is measured. While the central bank has its own favorite metric courtesy of the Commerce Department, the public data base is rife with other gauges of how price pressures are best viewed. It’s likely that many of them will get a serious look as the Warsh Fed plots what he called on Wednesday a …