Month: December 2024
U.S. Treasury says Chinese hackers stole documents in ‘major incident’
The exterior of the U.S. Department of Treasury building is seen as they joined other government financial institutions to bail out Silicon Valley Bank’s account holders after it collapsed on March 13, 2023 in Washington, DC. Chip Somodevilla | Getty Images Chinese state-sponsored hackers broke into the U.S. Treasury Department earlier this month and stole […]
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Last Madoff victim fund payout brings recovery to nearly 94% of Ponzi scheme losses, DOJ says
Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City. Madoff attended a hearing regarding the conflicting status of his legal representation in his multi-billion dollar fraud allegations. Chris Hondros | Getty Images The 10th and final distribution from a fund for victims of the late Ponzi scheme king Bernie Madoff […]
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5 stocks that hedge funds and big investors are long heading into 2025
A hand of high-conviction stock picks from hedge funds and notable investors could be primed to trounce the market in the new year. The financial sector has gained newfound love in the hedge fund community since the election of former President Donald Trump. Professional traders raised their exposure to financial stocks to the largest overweight […]
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MicroStrategy falls as much as 6% after latest bitcoin purchase: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, William Quigley, […]
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BMO’s top internet stock picks for 2025 include Amazon, this video game maker
The new year could be another strong one for internet stocks, and BMO Capital Markets picked its favorites for investors looking to capitalize. Analyst Brian Pitz highlighted Amazon as the firm’s top pick for 2025 and named Netflix , Trade Desk and Google parent Alphabet as other well-positioned names in the internet and interactive entertainment […]
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Exchange-traded funds have a ‘tax magic’ that many mutual funds don’t offer
ETF Strategist Exchange-traded funds have a ‘tax magic’ that many mutual funds don’t offer Published Mon, Dec 30 20242:30 PM EST Greg Iacurci@GregIacurci WATCH LIVE Source
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Boeing plane crash in South Korea is currently under investigation
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Power Lunch CNBC’s Leslie Josephs joins ‘Power Lunch’ to discuss the deadly South Korea plane crash and its impact on Boeing’s stock. 04:12 2 hours ago Source
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Treasury yields dip as final trading week of 2024 kicks off
U.S. Treasury yields slipped on Monday in one of the final trading days of the year got underway. The yield on the 10-year Treasury was down by about 7 basis points at 4.547%, trading just below multimonth highs recorded last week. The 2-year Treasury yield was last trading at 4.254% after dipping by about 7 […]
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Natural gas surges 20% on expectations for colder-than-usual January on the East Coast
A chimney from the Linden Cogeneration Plant is seen in Linden, New Jersey. Kena Betancur | View Press | Corbis News | Getty Images Natural gas futures prices surged Monday, hitting a new 52-week high following reports of a colder-than-usual temperature outlook for January. Natural gas February futures rose nearly 19% during the session after […]
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Treasury small business ownership rule on hold as court eyes constitutionality
Key Points Small businesses had been required to report “beneficial ownership information” to the Treasury Department by Jan. 13, 2025, or risk financial penalties. The 5th U.S. Circuit Court of Appeals issued an order late on Dec. 26 that halted enforcement. It comes just days after a previous delay, from Jan. 1. Businesses aren’t required […]
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