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New York Federal Reserve President John Williams said Wednesday that he sees multiple signs that inflation has peaked, allowing the central bank to hold interest rates in place despite market expectations for a hike in coming months. In a speech delivered to business leaders in his home district, Williams cited five reasons why he expects the latest price surge has run its course. “There are encouraging reasons to expect that inflation has peaked and should …

New Federal Reserve Chairman Kevin Warsh was a “good choice” for the job, Warren Buffett told CNBC. Warsh made his mark during his first meeting as chair in June, holding rates steady while outlining changes to the central bank’s approach. In Congressional testimony on Tuesday, Warsh pledged a “regime change” in Fed policy and promised to tackle inflation. “I think he will do the best he can at achieving the job he was assigned to …

Dan Ives, one of Wall Street’s best-known technology analysts, is teaming up with Yorkville Securities to launch a new merchant banking firm. The new firm, Yorkville Ives & Co., will combine investment banking, equity research, institutional trading and principal investing, with a focus on artificial intelligence, technology, industrials, energy transition and infrastructure, according to a statement Tuesday. Ives, who built a large following for his bullish views on AI and major technology companies during more …

Warren Buffett called Bill Gates’ association with the late sex offender Jeffrey Epstein as “distasteful” after the Berkshire Hathaway chairman excluded the Gates Foundation from his sizable annual charitable donations. “I read a great deal since January 1 in terms of what happened, with Bill and Epstein,” Buffett said in an interview with CNBC’s Becky Quick. “While it’s distasteful, while he made mistakes, I made mistakes, hiring all kinds of people, or choosing friends, and …

Morgan Stanley is set to report second-quarter earnings before the opening bell Wednesday.   Here’s what Wall Street expects: Earnings per share: $2.94, according to LSEG Revenue: $19.64 billion, according to LSEG Investment banking: $2.17 billion, according to StreetAccount Trading: Equities of $4.41 billion, fixed income of $2.49 billion, according to StreetAccount Morgan Stanley is expected to benefit from higher trading and investment banking revenue in the quarter, as rivals JPMorgan Chase and Goldman Sachs …

American megabanks on Tuesday gave evidence that the global artificial intelligence boom isn’t just benefiting tech giants and chip makers. Goldman Sachs and JPMorgan Chase each posted record quarterly revenue hauls, fueled by massive gains in equities trading and investment banking. Behind the surge in activity — Goldman revenue jumped 39% to $20.3 billion, while JPMorgan saw it rise 27% to $58 billion — is the fact that AI is “everywhere in financial markets,” JPMorgan …

A Tyrannosaurus rex specimen sold at Sotheby’s for $50.1 million, becoming the most expensive dinosaur ever sold at auction. Riding a boom in dinosaur prices at auction, the T. rex, named “Gus,” blew past its price estimate of $20 million to $30 million after a 10-minute bidding war between seven bidders. It broke the record sale by Sotheby’s of a Stegosaurus skeleton nicknamed “Apex” in 2024 for $44.6 million, bought by billionaire hedge funder Ken …

A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. As capital becomes more concentrated in private markets, megafunds in venture capital now dominate fundraising and investments, according to new data. VC megafunds  – or those with more than $1 billion in assets – accounted …

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Kevin Warsh speaks Tuesday to the House Financial Services Committee as part of the congressionally mandated semiannual monetary policy report. The central bank leader’s appearance comes the same day the Bureau of Labor Statistics reported that consumer prices fell an unexpectedly sharp 0.4% in June, easing some …

Wall Street analysts are raising earnings estimates for a host of stocks that have seen slumping share prices, leaving more attractive valuations heading into second-quarter earnings season. Nicole Inui, head of Americas equity strategy at HSBC Global Investment Research, said expectations for the quarter are high but concentrated in sectors where earnings visibility is relatively strong. She sees opportunities beyond the artificial intelligence trade, including companies that could benefit from tariff refunds and spending tied …