Month: December 2024
These stocks are still a bargain relative to the expensive S&P 500
There are still stock market bargains to be found heading into 2025, despite the S & P 500’s lofty valuation. Stocks have grown increasingly expensive as the broad market index soared in 2024. The S & P 500’s price-to-earnings ratio based on the next 12 months’ earnings is currently 22.31, according to FactSet data, compared […]
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Canada finance minister quits after clash with Trudeau, deals blow to government
Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland, and Canada’s Prime Minister Justin Trudeau speak at a news conference in Ottawa, Ontario, Canada, October 6, 2021. Patrick Doyle | Reuters Canada’s Finance Minister Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible U.S. […]
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Stocks making the biggest moves midday: Nvidia, Broadcom, MicroStrategy, Super Micro Computer and more
Check out the companies making headlines in midday trading: Nvidia — Shares slipped roughly 2%, putting the artificial intelligence chipmaker officially in correction territory after tumultuous trading over the past month. MicroStrategy — The bitcoin proxy stock rose more than 6% after Nasdaq announced MicroStrategy will be added to the tech-heavy Nasdaq-100 index . This […]
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Family offices face hidden risks in making direct investments
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices making direct investments in private companies may be taking on more risk than they realize, according to a new […]
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Nvidia falls into correction territory, down more than 10% from its record close
Jaque Silva | Nurphoto | Getty Images Nvidia shares slumped on Monday, putting the AI chip darling officially in correction territory even as the rest of the Nasdaq Composite rose to a record. The chipmaker and de facto artificial intelligence trade has rallied 165% this year amid ongoing excitement for the buzzy technology trend. However, […]
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Trump says he would consider pardoning NYC Mayor Eric Adams
Mayor Eric Adams speaks to the press during the weekly briefing at the City Hall about the ongoing programs in New York City. Lev Radin | Lightrocket | Getty Images President-elect Donald Trump said Monday that he would “certainly look at” issuing a pardon for New York City Mayor Eric Adams. “I think that he […]
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Women’s basketball league Unrivaled secures $28 million in new funding from star-studded investor lineup
Chicago Sky coach Teresa Weatherspoon calls out to players during the first half of the team’s WNBA basketball game against the New York Liberty, May 23, 2024, in New York. Frank Franklin II | AP Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before […]
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MicroStrategy’s Michael Saylor says bitcoin is ‘cyber Manhattan’ — a ‘good investment’ even at the top
CFOTO | Nurphoto | Getty Images Michael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it “cyber Manhattan.” “We’ll just keep buying the top forever, everyday is a good day to buy bitcoin” the founder and chairman of MicroStrategy said on CNBC’s “Money […]
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How to know when it’s time to take profits in your 2024 winners using charts
Several stocks have seen exceptionally strong rallies in 2024 following base breakouts in 2023. Names like Palantir (PLTR) and Applovin (APP) , which are up roughly 325% and 765% year-to-date, have “gone parabolic” post-election. In steep uptrends like theirs, it can be difficult to determine when it is appropriate to take profits, and we can […]
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Trump transition team plans sweeping rollback of Biden EV, emissions policies
A Chevrolet Bolt EV sits parked at a charging station at Stewart Chevrolet on April 25, 2023 in Colma, California. Justin Sullivan | Getty Images News | Getty Images Incoming U.S. President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking […]
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