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Family offices prefer to bet on AI boom with stocks versus startups and VC funds
Young Asian woman holding smartphone with a computer generated background. Innovation, metaverse and futuristic concepts. Oscar Wong | Moment | Getty Images 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. Investment […]
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Stocks making the biggest moves midday: Coty, Paramount Skydance, Walmart and more
Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2 […]
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Stocks making the biggest moves premarket: Walmart, Hewlett Packard Enterprise, Instacart, Broadstone Net Lease and more
Check out the companies making headlines in premarket trading. Walmart — The big-box retailer slipped more than 2% . Walmart fiscal second-quarter revenue beat analyst estimates . Adjusted earnings of 68 cents per share may not have compared with the LSEG consensus estimate of 74 cents. The country’s largest retailer raised its full-year earnings and […]
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Here’s what has happened to the stock market in the past after the Fed cut rates at record highs
The Federal Reserve is expected to lower interest rates in September for the first time since December, at a time when the stock market has rallied to consecutive record highs. Here’s what tends to happen to stocks in this unique backdrop. The fed funds futures market is indicating an 87% chance for a quarter-point rate […]
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CNBC Daily Open: Trump says tariffs haven’t caused inflation — economists think they will soon
Goldman Sachs chairman and CEO David Solomon speaks during Goldman Sachs analyst impact fund competition at Goldman Sachs Headquarters in New York City, U.S., November 14, 2023. Brendan Mcdermid | Reuters Don’t mess with DJ D-Sol — Goldman Sachs CEO David Solomon’s stage name when he’s rocking the clubs in his other life as a […]
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CNBC Daily Open: Despite cooler-than-expected CPI, economists agree higher prices are coming
David Solomon, CEO of Goldman Sachs, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Don’t mess with DJ D-Sol — Goldman Sachs CEO David Solomon’s stage name when he’s rocking the clubs in his other life as a DJ. U.S. President Donald […]
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Former Goldman Sachs, JPMorgan exec gambled away investor funds for his online casino company: feds
Richard Kim, a former Goldman Sachs and JPMorgan Chase executive, was indicted on securities and wire fraud charges related to his alleged misappropriation of about $4 million in investor funds for his start-up online casino company, most of which he allegedly lost within a week through gambling on another site, prosecutors said Wednesday. Investors who […]
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Trump tells Goldman Sachs CEO David Solomon to replace economist over tariff predictions
FILE PHOTO: DJ D-SOL performs during the ‘Safe & Sound’ Drive-In Concert Fundraiser Presented by JAJA Tequila and In The Know Experiences In Partnership with Bumble at Nova’s Ark Project on July 25, 2020 in Water Mill, New York. Kevin Mazur | Getty Images President Donald Trump on Tuesday said that Goldman Sachs CEO David […]
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JPMorgan Chase is nearing a deal to replace Goldman Sachs as Apple Card issuer, sources say
In this article GSBD AAPL GS JPM Follow your favorite stocksCREATE FREE ACCOUNT Source: Apple JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC. The banks declined to comment to CNBC. Apple […]
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European small caps surged this year — and could have further to run, Goldman Sachs strategist says
European small-cap stocks have outperformed this year and are poised to continue their winning streak, according to a senior Goldman Sachs strategist. Speaking to CNBC’s “Squawk Box Europe” on Thursday, Sharon Bell said a weak dollar and expectations of an improving regional economy were giving “a little bit of a kicker to small caps.” “So […]
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