Month: January 2025
Our 5 top-performing portfolio stocks since December’s Monthly Meeting are tech free
It’s been a topsy-turvy start to 2025 for the stock market. Since the Club’s December Monthly Meeting, Wall Street has been barraged by headlines that sent equities seesawing down and then up. The S & P 500 wrapped up 2024 with a roughly 23% gain despite tumbling in the final four sessions of the year and […]
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Scale AI CEO says China has quickly caught the U.S. with the DeepSeek open-source model
The U.S. may have led China in the artificial intelligence race for the past decade, according to Alexandr Wang, CEO of Scale AI, but on Christmas Day, everything changed. Wang, whose company provides training data to key AI players including OpenAI, Google and Meta, said Thursday at the World Economic Forum in Davos that DeepSeek, […]
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Top sports agent says WNBA salaries are ‘blatantly unfair’ to players
The WNBA has a salary problem, and it’s “blatantly unfair to its players,” according to top sports agent Jeff Schwartz. Schwartz, who founded and runs Excel Sports Management, told Alex Sherman in a CNBC Sport interview that something has to change when it comes to compensation in the women’s basketball league. “It’s ridiculous what women […]
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Vanguard’s $106 million target-date fund settlement offers a key lesson about taxes
Key Points Vanguard Group settled with the SEC on Friday over allegations tied to its target-date funds and investor taxes. There’s a lesson about “asset location” for investors. This strategy pairs tax-inefficient assets like many bonds and actively managed mutual funds with tax-advantaged account types like 401(k) plans and individual retirement accounts. Source
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From Musk to Nadella: Trump’s $500 billion AI project stirs drama among the biggest names in tech
L-R: Satya Nadella, CEO of Microsoft, Marc Benioff, Chairman and CEO of Salesforce, and Elon Musk, CEO of Tesla and SpaceX. Reuters Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project. Earlier this week, Trump announced a joint venture with OpenAI, Oracle and Softbank to invest billions […]
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Morgan Stanley CEO Ted Pick says bank will work with U.S. regulators on offering crypto
Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets. Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities and Exchange Commission launched an effort […]
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BlackRock’s Fink sees potential risks and says the bond market will tell us where we are going
Davos WEF BlackRock’s Fink sees potential risks and says the bond market will tell us where we are going Published Thu, Jan 23 20259:07 AM ESTUpdated 6 Min Ago Yun Li@YunLi626 WATCH LIVE Source
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New Christie’s CEO Bonnie Brennan sees opportunity in younger collectors and crypto
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. Art house Christie’s is aiming to tap the next generation of wealth with online auctions, digital art and luxury goods, according […]
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New wildfire near Los Angeles explodes to 9,400 acres, forces evacuations
The Hughes Fire burns near the I-5 freeway north of Los Angeles on January 22, 2025 near Castaic, California. Mario Tama | Getty Images A new wildfire that broke out north of Los Angeles on Wednesday rapidly spread to more than 9,400 acres (38 square km), fueled by strong winds and dry brush, forcing mandatory […]
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Stocks making the biggest moves premarket: American Airlines, GE Aerospace, Electronic Arts, Alaska Air and more
Check out the companies making headlines in premarket trading. American Airlines — Shares sank 8% after the airline forecast an adjusted loss of 20 cents to 40 cents per share for the first quarter. That’s wider than the 2 cent loss expected by analysts LSEG polled. However, American reported an earnings and revenue beat for […]
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