World
This rangebound precious metal is about to break out and see strong gains, says Carter Worth
Range bound the past six months, silver is now toying with the prospect of an important breakout: up and out of the range in which it’s been mired. The four identical charts below tell the tale. For investors looking to get long silver, the ETF to use is the iShares Silver Trust (SLV) . SLV traded […]
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Watch maker Patek Philippe launches first new collection in 25 years
Introducing the new Patek Philippe Cubitus line. Courtesy: Patek Philippe Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Younger investors and collectors began buying up […]
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Fed rate cuts can boost this trade that’s a seasonal winner, Tom Lee says
One of Wall Street’s reliable seasonal trends is about to come to flower, and this year there are solid fundamentals to power a rally, according to Fundstrat. Tom Lee, Fundstrat’s head of research, said in an Oct. 17 note to clients that the firm is opening a six-month “tactical overweight” on the homebuilding sector. The […]
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More Trump sealed files released in Jack Smith Jan. 6 election case
U.S. President Donald Trump speaks during a “Save America Rally” near the White House in Washington, D.C., U.S., on Wednesday, Jan. 6, 2021. Bloomberg | Getty Images A federal judge on Friday ordered the release of more than 1,800 pages of documents filed by special counsel Jack Smith in the criminal election interference case against […]
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Why some families will pay $500,000 for Ivy League admissions consulting: ‘It’s worth the investment’
Ivy League architecture at Princeton University. Loop Images | Getty Images At the nation’s top schools, including many in the Ivy League, acceptance rates hover near all-time lows. “College admissions only ever gets more competitive and there’s a lot of stress from families about the stakes and how to get in,” said Thomas Howell, the founder […]
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Tesla faces NHTSA investigation of ‘Full Self-Driving’ after fatal collision
A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. Mike Blake | Reuters Tesla faces a new investigation by the National Highway Traffic Safety Administration, or NHTSA, concerning […]
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European markets rise day after ECB rate cut; Gucci-owner Kering climbs 5%
ECB and Fed will be ‘fairly synchronized’ when it comes to pace of rate cuts, portfolio manager says The European Central Bank and the U.S. Federal Reserve will likely cut interest rates at a relatively similar pace as their respective rate cutting cycles are underway, Konstantin Veit, portfolio manager at Pimco, told CNBC’s “Street Signs […]
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Netflix shares jump 5% in premarket after third-quarter earnings beat
Netflix logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024. Beata Zawrzel | Nurphoto | Getty Images Netflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations. Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. […]
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Germany’s auto giants are struggling to stay relevant
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg, Germany. Julian Stratenschulte| Picture Alliance | Getty Images Germany’s automotive sector, long recognized for producing reliable and innovative internal combustion engine (ICE) cars, is struggling to preserve its relevance in the […]
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After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’
LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company’s billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public “when the stars align.” Wiz makes software that connects to cloud storage providers like Amazon Web Services or Microsoft Azure and scans for […]
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