Day: June 16, 2024
Asia-Pacific markets set for lower open ahead of key China data
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images Asia-Pacific markets are set to open lower on Monday as the region looks to key economic data out from China. The world’s second-largest economy will release May numbers for its […]
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Forget Nvidia: Wealth manager for the ultra-rich names 3 global stocks to buy instead
After a boom of interest in chipmaker Nvidia — with shares logging an astronomical 200% rise over the last 12 months — investors appear divided on whether to buy into the stock . One wealth manager, however, is happy not owning the chipmaker. “I bought into Nvidia during early days and exited my position at […]
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How to invest $100,000 when stocks are at all-time highs? Here’s what two wealth managers say
As stock markets press against all-time highs driven by the potential of artificial intelligence, the question of how to invest $100,000 has become more urgent than ever. To shed light on this, CNBC Pro asked two seasoned investment professionals — Richard Flax, chief investment officer at digital wealth manager Moneyfarm , and Robert Matthews, deputy […]
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Fed’s Kashkari says it’s ‘reasonable’ to predict a December rate cut
Federal Reserve Bank of Minneapolis President Neel Kashkari sits in the lobby of the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, August 24, 2023. Ann Saphir | Reuters Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. […]
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Stock futures are little changed ahead of a holiday-shortened trading week: Live updates
Traders work the floor of the New York Stock Exchange. NYSE Stock futures were little changed on Sunday evening ahead of a holiday-shortened week. Futures tied to the Dow Jones Industrial Average hovered under the flat line. S&P 500 futures and Nasdaq 100 futures added 0.03% and 0.1%, respectively. Last week, the Dow slipped 57 […]
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Clooney and Roberts help Biden raise $30 million-plus at a star-studded Hollywood gala
Some of Hollywood’s brightest stars headlined a fundraiser for President Joe Biden that took in a record $30 million-plus for a Democratic candidate, according to his campaign, in hopes of energizing would-be supporters for a White House contest they said may rank among the most consequential in U.S. history. George Clooney, Julia Roberts and Barbra […]
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‘Inside Out 2’ hits $155 million domestic debut, second-highest animation opening ever
Disney and Pixar brought a big dose of joy to the box office this weekend. “Inside Out 2” debuted with an estimated $155 million domestically, the second-highest theatrical opening of an animated film and the first film since Warner Bros.’ “Barbie” to top $100 million during its debut. Of note, Disney does not consider its […]
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From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images Months before Sam Bankman-Fried and the FTX fraud […]
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Used EV price crash keeps getting deeper with ‘premium’ brand idea history
A used 2020 Tesla Model 3 is available for sale on a CarMax lot on March 10, 2022 in Burbank, California. Mario Tama | Getty Images News | Getty Images Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper […]
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80 countries at Swiss conference agree territorial integrity of Ukraine must be basis of any peace
Eighty countries jointly called Sunday for the “territorial integrity” of Ukraine to be the basis for any peace agreement to end Russia’s two-year war, though some key developing nations at a Swiss conference did not join in. The joint communique capped a two-day conference at the Bürgenstock resort in Switzerland marked by the absence of […]
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