Day: July 9, 2024
The world’s top 250 fintech companies: 2024
News Tips Got a confidential news tip? We want to hear from you. Get In Touch CNBC Newsletters Sign up for free newsletters and get more CNBC delivered to your inbox Sign Up Now Get this delivered to your inbox, and more info about our products and services. Advertise With Us Please Contact Us © […]
Read More
Here’s where — and how — the super-rich are investing, according to a wealth manager
The super-rich have a very different mindset toward investing than the average person, wealth manager Robert Fraser says. “Most people focus exclusively on public markets and have a 60/40 mindset towards investing — where 60% of their funds are in equities and 40% is in fixed income. Billionaires don’t think that way,” the co-founder and […]
Read More
The 4 Apple suppliers set to pop on iPhone 16 series launch: BofA
Tech giant Apple is expected to unveil its new iPhone later this year, and Bank of America has identified several stocks set to gain from the smartphone’s evolution. “Following stabilized smartphone demand, we turn positive on Apple supply chain, as we expect material design changes and AI function to drive a more sustainable upcycle in […]
Read More
Biden announces new NATO aid for Ukraine, as his reelection campaign teeters
U.S. President Joe Biden speaks at a NATO event to commemorate the 75th anniversary of the alliance, in Washington, U.S., July 9, 2024. Yves Herman | Reuters President Joe Biden announced new commitments to help Ukraine bolster its air defense against Russia in a speech Tuesday commemorating NATO’s 75th anniversary. “Putin wants nothing less — nothing […]
Read More
Suspected carjacker shot outside home of Supreme Court Justice Sonia Sotomayor
Supreme Court Justice Sonia Sotomayor speaks during a service for retired Supreme Court Justice Sandra Day O’Connor in the Great Hall at the Supreme Court in Washington, D.C., on Dec. 18, 2023. Jacquelyn Martin | Getty Images A deputy U.S. Marshal tasked with protecting Supreme Court justices’ homes shot an alleged armed carjacker near the […]
Read More
These software stocks have the ‘best of both worlds,’ offering strong growth with solid balance sheets
As the artificial intelligence craze evolves, driving up growth for chipmakers such as Broadcom and Nvidia , investors should also consider software companies seeing strong fundamentals despite high interest rates. Canaccord Genuity ran a screen of about 147 software companies, and only four had revenue growth of 25% or more forecast for the next 12 […]
Read More
It suddenly looks like there are too many homes for sale. Here’s why that’s not quite right
Anyone out shopping for a home today knows there is still precious little for sale. The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers: The supply of newly built […]
Read More
Investors poured $1.6 billion into this riskier corner of the bond market in June, State Street says
Investors stepped up their risk appetite on the bonds side in June, pursuing the prospect of higher yield as Federal Reserve policy remains uncertain, according to data from State Street. Last month, fixed income exchange traded funds saw nearly $25 billion in flows, with investors ramping up exposure to long-term government bonds to the tune […]
Read More
First Ariane 6 rocket launches, as Europe rejoins a market dominated by Musk’s SpaceX
The European Space Agency (ESA) satellite launcher Ariane 6 rocket moves to the launch pad prior its lift off at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024. Jody Amiet | Afp | Getty Images The powerful European-built Ariane 6 rocket made its long-awaited liftoff on Tuesday, as the region returned […]
Read More
UiPath to lay off 10% of workforce in companywide restructuring
Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. Bruno de Carvalho | SOPA Images | Lightrocket | Getty Images UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of […]
Read More