A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | ReutersGoldman Sachs and Bank of New York Mellon are set to announce that they’ve created the ability for institutional investors to purchase tokenized money market funds, CNBC has learned.Clients of BNY, the world’s largest custody bank, will be able to invest in money market funds whose ownership will be recorded on Goldman’s blockchain platform, according to executives of the two firms.The project has already signed up fund titans including…
Author: usaeverydaylife
Facebook and Instagram icons are seen displayed on an iPhone.Jakub Porzycki | Nurphoto | Getty ImagesMeta on Wednesday introduced new safety features for teen users, including enhanced direct messaging protections to prevent “exploitative content.”Teens will now see more information about who they’re chatting with, like when the Instagram account was created and other safety tips, to spot potential scammers. Teens will also be able to block and report accounts in a single action.”In June alone, they blocked accounts 1 million times and reported another 1 million after seeing a Safety Notice,” the company said in a release.This policy is part…
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesMortgage rates rose last week to the highest level in four weeks, but mortgage demand didn’t really move. Total mortgage application volume increased 0.8% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.84% from 6.82%, with points remaining unchanged at 0.62, including the origination fee, for loans with a 20% down payment.Applications to refinance a home loan, which…
He helped clinch the top two spots on Morningstar’s best performing ETFs last quarter, and now Ark Invest’s Brett Winton is looking to do it again with extensive exposure to Big Tech and aerospace.Winton helps set strategy for the No. 1 ranked Ark Innovation ETF (ARKK) and runner-up Ark Space Exploration & Innovation ETF (ARKX). “We are in the earliest stages of a massive technological transformation here,” the firm’s chief futurist told CNBC’s “ETF Edge” this week. “There’s going to be bumps along the road, but we think the right thing to do is to lean into innovation over the long…
Bank of America is getting bullish on Amazon ahead of the e-commerce giant’s earnings release, saying the company is getting ready to unlock its full artificial intelligence potential in the back half of the year. Analyst Justin Post reiterated his buy rating on Amazon and lifted his price target by $17 to $265. That suggests shares could gain 16.5% from their previous close. Amazon, which is set to report financial results on July 31, has seen shares rise 3.7% year to date. Post hiked his estimates for strong second-quarter retail data and Anthropic AI growth, and said his estimates for…
A series of iPhone 16s on display inside the Apple store at Tun Razak Exchange in Kuala Lumpur, Malaysia, on Sept. 20, 2024.Annice Lyn | Getty Images News | Getty ImagesBritain’s competition regulators on Wednesday took aim at the mobile ecosystems of Apple and Google, pushing the two companies to make changes to areas like their app stores.On Wednesday, the Competition and Markets Authority proposed designating the U.S. tech giants as having a “strategic market status” or SMS, after opening an investigation into the matter in January. This designation is given to a large company that has “substantial and entrenched…
A man walks in front of an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange in Tokyo on July 23, 2025. Kazuhiro Nogi | Afp | Getty Images The anchoring effect is one of the sneakiest tools companies use to make us spend money.Here’s how it works. Let’s say we’re shopping for a smartphone manufactured by Dapple, which has just released two new models: a $1,200 model with a big screen and a $900 one that is more compact. The more expensive smartphone will serve as the “anchor” by which we make comparisons, so the…
San Francisco-based AI design app Lovart officially launched Wednesday, with North American users in focus.LovartBEIJING — Chinese developers are powering some of the latest artificial intelligence tools aimed at a global market.Melvin Chen moved to San Francisco from China to co-found AI design startup Lovart, which officially launched Wednesday — after claiming “800,000 users across 70 countries” for its test version.”We will focus on North America as the first step,” Chen said in Mandarin, translated by CNBC. He previously led China operations for CapCut, a popular video-editing app from ByteDance that still ranks first in the photo and video category…
Some travelers may need to pay more to enter parts of Europe come 2026.The price for travel authorization under the European Travel Information and Authorisation System is set to nearly triple, according to an announcement from the European Commission Friday.The system, known as ETIAS, hasn’t been implemented yet. The authorization, which was adopted in 2018, has been postponed several times, and is now set to take effect in the fourth quarter of 2026. A proposal was made to increase the fee from 7 euros ($8) to 20 euros ($23), according to the announcement. Inflation and additional operational costs were reasons for…
The Chevrolet display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCWhile Tesla remains the No. 1 electric vehicle manufacturer in the U.S. by a wide margin, General Motors said on Tuesday it has secured the No. 2 position and believes it has an “inherent advantage” when it comes to EVs.Executives on GM’s quarterly earnings call on Tuesday said the company is focused on reaching and improving profitability for its EVs. When asked on the call about how GM aims to do that when Tesla is facing the same uphill climb, GM CFO…
