Goldman Sachs Group Inc
Why the U.S. tax bill’s Section 899 could push European firms to list in the U.S.
The decision by U.K. fintech firm Wise to move its primary stock listing to the U.S. is the latest in a series of blows to the London market — and a new provision tucked inside a U.S. tax bill could make things even worse. Section 899 of President Donald Trump’s spending bill, which passed the […]
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Wealthy inheritors plan to fire their parents’ wealth advisors
Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in Morocco Thomas Barwick | Digitalvision | 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 […]
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JPMorgan hired NOAA’s chief scientist to advise clients on navigating climate change
Key Points Sarah Kapnick started her career in 2004 as an investment banking analyst, but was struck by how little climate change was being factored into financial decision making. She later became the chief science officer at the National Oceanic and Atmospheric Administration (NOAA) Last year, JPMorgan hired Kapnick back into banking, where she’s advising […]
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Four tools at the Trump administration’s disposal after a U.S. court blocks tariffs
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda. The […]
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Anthropic closes $2.5 billion credit facility as Wall Street continues plunging money into AI boom
Dario Amodei, Anthropic’s CEO, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025. Gerry Miller | CNBC Earlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding — and expensive — competition in the artificial intelligence industry. Anthropic, founded […]
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Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut
Key Points Israel-based stock brokerage platform eToro said it has priced shares at $52 for its IPO, above its expected range of $46 to $50. The retail trading platform filed for an IPO in March, but as tariff uncertainty rattled markets, the company temporarily shelved ITS plans. EToro scrapped a prior effort to go public […]
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Stock futures are flat on Tuesday with Nasdaq riding five-day winning streak: Live updates
Traders work on the floor at the New York Stock Exchange on May 7, 2025. Brendan McDermid | Reuters Stock futures were little changed on Tuesday evening as Wall Street looks to extend a strong start to the week. Futures tied to the S&P 500 dipped less than 0.1%. Nasdaq 100 futures ticked down about […]
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Stocks making the biggest moves before the bell: UnitedHealth, Rigetti Computing, Coinbase, Hertz and more
Check out the companies making headlines in premarket trading. UnitedHealth — Shares dropped 7% in the premarket Tuesday after the company announced it was suspending its 2025 outlook due to higher-than-expected medical expenditures. UnitedHealth also announced CEO Andrew Witty was stepping down, effective immediately, for personal reasons. Stephen Hemsley will replace Witty as chief executive. […]
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Affirm shares drop 13% on weak forecast, concerns over CEO’s bet on 0% loans
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares plunged on Friday after the fintech company issued a weak forecast, and investors questioned CEO […]
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Rippling valued at $16.8 billion as HR software startup raises $450 million, says IPO not imminent
From left, Parker Conrad, co-founder and CEO of Rippling, and Kleiner Perkins investor Ilya Fushman speak at the venture firm’s Fellows Founders Summit in San Francisco in September 2022. Rippling Human resources software startup Rippling said Friday that its valuation has swelled to $16.8 billion in its latest fundraising round. The company raised $450 million […]
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