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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. Yacht companies are offering discounts and special offers on charters in the Mediterranean this summer, as geopolitical conflicts cool demand. Summer charters in the Med are down 20% to 30% from last year, yacht brokers say, with a growing number of yachts offering …

Prediction market platform Kalshi will launch a new hub allowing political junkies to see how traders in many event contracts think the midterm elections will play out.  Kalshi’s “Midterms Hub” will let observers see what outcomes speculators expect in individual U.S. Senate and House of Representatives, based on the latest odds for each market and across a map of the entire country.  The hub will also feature polling averages, so viewers can see how the …

Goldman Sachs has created a new platform to expand its offerings for wealthy clients and family offices who increasingly want direct stakes in fast-growing private companies, CNBC has learned. The new group, called the alternative investments platform, combines Goldman’s existing alternatives business with two newly established teams, according to a memo seen first by CNBC. The new teams focus on direct investments in individual private companies, rather than broader private equity funds, and on helping …

Elon Musk warned that investors betting against SpaceX have little chance of survival — even as short sellers boosted their wagers against the company to roughly 32% of its publicly tradable shares ahead of several key catalysts. About 206 million SpaceX shares are now sold short, representing roughly 32% of the company’s publicly tradable float and about $25 billion in notional bearish bets, according to estimates from S3 Partners. That’s up from about 185 million …

A ramp-up in fighting between the U.S. and Iran over the weekend has left Wall Street reconsidering its expectations for the war’s economic impact. The U.S. completed its 10th straight night of strikes against Iran on Monday, after the Houthis in Yemen declared a maritime embargo against Saudi Arabia. This comes after a third service member died amid recent fighting that could mean the war is entering a longer-term and deadlier era. President Donald Trump …

JPMorgan Chase CEO Jamie Dimon said investors are underestimating the risks facing the global economy and that he wouldn’t buy either equities or long-dated U.S. Treasurys at their current prices. In an hourlong interview with Wilfred Frost released late Monday, Dimon said markets aren’t fully accounting for a growing list of geopolitical and fiscal threats. “I do think those risks are probably bigger than other people think,” Dimon said, pointing to wars in Ukraine and …

JPMorgan Chase CEO Jamie Dimon said investors are underestimating the risks facing the global economy and that he wouldn’t buy either equities or long-dated U.S. Treasurys at their current prices. In an hourlong interview with Wilfred Frost released late Monday, Dimon said markets aren’t fully accounting for a growing list of geopolitical and fiscal threats. “I do think those risks are probably bigger than other people think,” Dimon said, pointing to wars in Ukraine and …

As bitcoin prices fell yet again in the second quarter, traders on prediction market platform Kalshi think Coinbase’s trading volumes suffered once again.  The cryptocurrency trading platform is expected to post a third consecutive quarterly decline of trading volumes, and speculators are also feeling confident that total trading volume will slip below $200 billion for the first time since third quarter 2024.  Traders give a 41% chance that trading volume is above $160 billion, and …

China’s car market appears to be headed for its worst year since 2021, as consumer demand for passenger vehicles tumbles following record-high sales in 2025. After passenger vehicle sales fell by 20.2% in the first half of the year, the China Passenger Car Association lowered its 2026 full-year retail sales projection to a decline of 14% from an earlier forecast of flat year-on-year sales. It is forecasting a final delivery volume of 20.4 million units …

The 2026 FIFA World Cup has sent prediction market trading volumes across platforms soaring. And for Kalshi, it has delivered millions of new users.  Kalshi has brought in 3 million new users over the course of the tournament, the company shared with CNBC.  More than $1.2 billion has been traded on Kalshi’s contracts that ask traders to predict the winner of the World Cup, a record for a singular market. That market will officially close …