Breaking News: Investing
Daniel Loeb’s next task as his hedge fund turns 30: Avoiding becoming ‘AI roadkill’
Daniel Loeb has found himself a new goal as his hedge fund Third Point entered its milestone 30th year: To be a true winner in the red-hot artificial intelligence boom and not run over by it. “Change is happening at an ever accelerating and increasing rate and it’s just going to require us to continue […]
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U.S. foreign tax bill sends jitters across Wall Street
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system. Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors. The “One Big Beautiful Bill Act,” which passed through the U.S. House […]
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The U.S. now has a third of the world’s millionaires and billionaires
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. The U.S. now accounts for more than a third of the world’s millionaires and billionaires, as tech companies and startups mint […]
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GameStop shares rise as retailer meme stock buys first bitcoin batch, scooping up $500 million
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A general view of the GameStop logo on one of its stores in the city center of Cologne, Germany. Ying Tang | Nurphoto | Getty Images GameStop said Wednesday it has officially bought 4,710 bitcoins, worth more than half a billion dollars, as the video game […]
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JPMorgan Chase is heading upmarket to woo America’s millionaires
A living space in the new J.P. Morgan financial center branch format in Palm Beach. Courtesy: JP Morgan JPMorgan Chase thinks it has cracked the code on managing more money for America’s millionaires. It’s not a new financial product, a novel software program or an enticing sign-up bonus. Instead, it’s a refurbished take on an […]
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Goldman Sachs says buy these five stocks that are set to pop
Goldman Sachs revealed recently several buy-rated stocks that analysts at the investment bank say are set to rise. The Wall Street firm says these companies are resilient and that investors should quickly buy them. CNBC Pro combed through Goldman Sachs research to find five stocks that it says have more upside. They include: Microsoft , […]
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Trump’s trade war to weigh on markets again next week as investors struggle to move on
President Donald Trump’s latest tariff threat once again highlighted the challenge for investors eager to move on from a global trade war that can reassert itself at any moment. Stocks dropped Friday , after Trump in a Truth Social post said he would slap a 50% tariff on the European Union starting June 1, while […]
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Personal finance app Monarch raises $75 million despite ‘nuclear winter’ for fintech startups
Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino. Courtesy: Monarch The personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned. The fundraising is among the largest for an American consumer fintech startup this year […]
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Ray Dalio says to fear the bond market as deficit becomes critical
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty Images Billionaire investor Ray Dalio on Thursday sounded another alarm on soaring U.S. debt and deficits, saying it should make investors fearful of the government bond market. “I think […]
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Judge orders Trump administration to reinstate Education Department employees
Sarah Jo Marcotte, an educator from Vermont, holds a sign that reads “Here for my students!! Cuts Hurt.” outside of the U.S. Department of Education on March 20, 2025 in Washington, DC. Anna Moneymaker | Getty Images A federal judge ordered the Trump administration on Thursday to reinstate more than 1,300 U.S. Department of Education […]
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