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F/m Investments’ Washington, D.C., office is just a short drive from the Federal Reserve‘s headquarters. But under the central bank’s new leadership, CEO Alexander Morris has found the distance feeling far greater. Fed Chairman Kevin Warsh embarked on an overhaul of the central bank’s forward-looking communication since taking the post in May. That move sounded the alarm for market participants like Morris, whose investing theses rely in part on predicting what the Fed will do …

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 new estimate for the great wealth transfer has sparked a debate over how many trillions of dollars will pass from baby boomers to their heirs, and how it will be spent and invested. Last week, Visa Business and Economic Insights released a …

India’s biggest public market offering this year, SBI Fund Management, has garnered bids worth 2.97 trillion rupees ($30.7 billion), underscoring the liquidity available in the market ahead of the much larger issues anticipated in 2026. SBI Fund Management, which is a joint venture between State Bank of India and Europe’s Amundi Group, was in the market to raise 97.9 billion rupees ($1 billion). Its initial public offering was oversubscribed 41.6 times, owing to an enthusiastic …

Dallas Federal Reserve President Lorie Logan, asserting that this week’s good inflation news wasn’t good enough, called Thursday for “modestly” higher interest rates to win a battle the central bank has been losing for the past five years. A voting member this year on the rate-setting Federal Open Market Committee, Logan insisted that inflation is still a major problem for U.S. households that demands action from policymakers. While other Fed officials have expressed a preference …

Short sellers are rapidly increasing their bets against SpaceX, driving bearish positioning to nearly one-third of the company’s public float as the struggling stock hovers around its IPO price. About 185 million SpaceX shares are now sold short, representing roughly 29% of the company’s publicly tradable float and about $25 billion in bearish wagers, according to S3 Partners. The position has ballooned from an estimated 40 million shares, or roughly 5% to 7% of the …

Sen. Elizabeth Warren, D-Mass., said Thursday that the Trump administration’s overhaul of the Consumer Financial Protection Bureau has cost Americans up to $26.5 billion so far, the latest Democratic critique of sweeping changes made to the agency. In a report shared first with CNBC, Warren said most of that figure comes from moves the CFPB has taken under acting director Russell Vought to roll back rules capping credit card and overdraft fees. The report comes …

Anthropic is lining up meetings with investors ahead of a potential initial public offering later this year, a person with knowledge of the plans told CNBC. Bankers leading the offering are scheduling meetings between prospective investors and executives of the artificial intelligence firm behind the popular Claude models, said the person, who declined to be identified speaking about the process. The meetings suggest Anthropic’s IPO preparations are advancing, as bankers begin sounding out investor demand …

[The stream is slated to start at 10 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chairman Kevin Warsh testifies Wednesday before the Senate Banking Committee, facing questions over the the economy and how various factors might impact interest rates. Part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the …

JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank’s $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security. The figure includes $18 million in loans and $6 million in grants to finance a new submarine manufacturing facility at the Philadelphia Navy Yard being built by Rhoads Industries, expand lending to maritime-related small businesses and strengthen …

Warren Buffett was critical of a stock market that he said is increasingly driven by speculative trading, as opposed to investing for the long term. “It’s tough to find values when everybody is preferring gambling,” Buffett told CNBC’s Becky Quick. The chairman of Berkshire Hathaway had sharp words on the stock market earlier this year. In May, he likened the stock market to “a church with a casino attached,” specifically calling out the surge in …