by Sumathi Bala
CNBC.com
What you need to know today
Wall Street lower
U.S. stocks closed lower Monday taking a breather from a rally sparked last week after the Federal Reserve stuck to its rate-cut forecast. The 30-stock Dow
lost more than 150 points to dip 0.4%, while the S&P 500 and Nasdaq Composite fell around 0.3% each. Bitcoin, meanwhile, jumped 7% to retake the $70,000 level.
FTX to sell AI startup stake
Bankrupt crypto exchange FTX is selling its majority stake in AI startup Anthropic for $884 million, according to a court filing. The bulk of the stake is going to ATIC Third International Investment — a group aligned with a UAE sovereign wealth fund Mubadala. Other investors include Jane Street, venture fund HOF Capital, the Ford Foundation and funds managed by Fidelity.