The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
Goldman Sachs and JPMorgan showed that Wall Street is a major beneficiary of the AI boom, with record revenue driven by surging trading and investment banking.

Goldman Sachs and JPMorgan showed that Wall Street is a major beneficiary of the AI boom, with record revenue driven by surging trading and investment banking.
The consumer price index rose 3.5% in June from a year earlier, a deceleration after several months of upward moves.
Warsh pledged Tuesday to "get monetary policy right" and defeat the inflation that has bedeviled the central bank for the past five years.
President Donald Trump has said the U.S.-Iran ceasefire is over following multiple flare-ups of hostilities in the region.
One explanation for the lack of notable call-buying is that the surge in single-stock ETFs and leveraged funds stole a big chunk of the speculative limelight.
The lawsuit filed by current and former Meta employees underscores rising concerns about AI's impact on jobs and people with disabilities in the workforce.
United Airlines will allow customers to pay more to keep the middle seat open on its Airbus A321XLRs
New estimates show Social Security's annual cost-of-living adjustment for 2027 may be between 3.7% and 3.8%. Here's what to know.
CNBC's Jim Cramer said today's stock market is far less concerning than it was during the dot-com bubble.
New York became the first state to ban construction of 'hyperscale' AI data centers, for one year, after Gov. Kathy Hochul signed an executive order Tuesday.
Social Security's trust fund that helps pay retirement benefits may run out in about six years. A bipartisan group of senators is calling for earlier reform.
The report said Lucid was considering options that could include going private or filing for bankruptcy protection.
Zipline is growing its drone delivery business in the U.S., and has hired former Tesla, Uber Eats and Waymo executives to help it scale up in new markets.
Oil prices rose on Tuesday after U.S. President Donald Trump announced plans to impose shipping fees in the Strait of Hormuz.
The healthcare giant's second-quarter earnings will shine the spotlight on its exciting new products and pipeline.
IBM CEO Arvind Krishna told CNBC's Sara Eisen that some major deals were put on hold toward the end of the quarter as businesses rethink spending.
The remark is a sign that H200 shipments to China have restarted, potentially boosting Nvidia's sales even higher.
The CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
Supreme Court Justices Amy Coney Barrett and Elena Kagan are testifying about the high court's budget request, which includes higher spending for security.
It passes a stegosaurus skeleton that billionaire hedge funder Ken Griffin bought for $44.6 million in 2024.
Warren Buffett is speeding up the pace of his annual donations of Berkshire Hathaway shares to four family foundations, giving them a total of almost $6 billion now.
PrismML says its compressed version of Alibaba’s Qwen model uses up to 15 times less memory, potentially advancing Apple’s AI push.
A federal judge recently ordered Trump to pay Carroll, rejecting his last-ditch efforts while noting that he "has been stalling this case for years."
Palihapitiya is part of a growing chorus of investors and tech executives who are cautioning that the tokenmaxxing era is coming to an end.