World
This Australian quit her job at 24 and started a business out of her parents’ garage—now, it brings in over $100 million a year
Jane Lu, founder and CEO of Showpo. Courtesy of Jane Lu. Growing up, Jane Lu dreamt of waking up every morning and putting on a power suit to go to work at a fancy corporate finance job in one of the tall city buildings. Today, the 38-year-old is the founder and CEO of online fashion […]
Read More
Trump picks Rep. Mike Waltz to serve as his national security adviser
Representative Michael Waltz (R-FL) speaks on Day 3 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 17, 2024. Mike Segar | Reuters President-Elect Donald Trump has picked Rep. Mike Waltz, R-Fla., to serve as his national security adviser, according to four sources familiar with the decision. Waltz is a Green Beret veteran […]
Read More
Bitcoin is closing in on $90,000 for the first time ever
Bitcoin was trading just shy of $90,000 Monday night after breaching $80,000 just a day earlier. The flagship cryptocurrency was last higher by 12% at $89,100, according to Coin Metrics. Earlier Monday, it rose as high as $89,623.00. Its price is expected by many investors to continue making fresh records on its way up to […]
Read More
Asia-Pacific investors exercise caution despite U.S. postelection rally
Sydney Building take from Cremorne Point. Brook Attakorn | Moment | Getty Images Asia-Pacific markets were mixed on Tuesday, with investors exercising caution even as the Dow Jones Industrial Average’s post-election rally continued to gain momentum to close at a record high. Australia’s S&P/ASX 200 was 0.37% lower in its first hour of trade. Japan’s […]
Read More
Want to cash in on China’s stimulus? Here’s what the pros expect next
Chinese markets are back in the spotlight after a slew of government stimulus measures over recent weeks. Friday’s news of a five-year 10 trillion Chinese yuan ($1.4 trillion) debt swap program disappointed investors, however, falling short of calls for more direct support for the economy. For many market participants — including Pella Funds’ Jordan Cvetanovski […]
Read More
The stock market is about to do something extremely rare in its history
The S & P 500 is on pace to deliver a second straight year of gains above 20%. Historical data shows how uncommon that really is. After last week’s postelection rally, the S & P 500 is now up by about 26% on the year. That comes after the broad index climbed more than 24% […]
Read More
Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult web address on packaging
Still from the film “Wicked” Source: Universal Studios Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package misprint. Instead of listing the website for Universal’s “Wicked” movie, boxes featured a link to […]
Read More
Who Trump picks to fight his trade battles is apparently important to financial markets
Chatter that President-elect Donald Trump could appoint former U.S. Trade Representative Robert Lighthizer to oversee trade policy is moving markets, from the dollar on currency exchanges to stocks that would be sensitive to tariffs. During Trump’s first term as president, Lighthizer was central to his protectionist policy and was in the U.S. trade representative role […]
Read More
What’s behind Salesforce’s record highs — plus, a possible stock to buy after this week’s earnings
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The S & P 500 edged higher Monday, extending Friday’s postelection all-time highs. The tech-heavy Nasdaq was basically flat. Club chip names Advanced Micro Devices , Broadcom , and […]
Read More
Wedbush’s Dan Ives raises Tesla price target to $400, says Trump win is a ‘gamechanger’
Shares of Tesla are set to soar under a second Trump presidency, according to widely followed analyst Dan Ives of Wedbush. Ives reiterated his outperform rating and hiked his 12-month price target for the electric vehicle manufacturer to $400 from $300. This new forecast signals about 25% upside from Friday’s close. Ives cited Donald Trump’s […]
Read More