Investment strategy
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 […]
Read More
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 […]
Read More
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 […]
Read More
What you might have missed in Berkshire’s very last annual meeting led by Warren Buffett
It’s confirmed Warren Buffett won’t take the stage at Berkshire Hathaway ‘s annual meeting next year, with the Oracle of Omaha set to step down as CEO at the end of 2025. The investment sage, who turns 95 in August, is handing over the reins after a legendary six-decade run at the conglomerate. Its annual […]
Read More
Top Wall Street analysts favor these stocks for the long haul
Idrees Abbas | SOPA Images | Lightrocket | Getty Images The rising U.S. budget deficit is on the forefront of investors’ minds, weighing on stocks. However, sell-offs can present a buying opportunity — for those who know where to look. The recommendations of top Wall Street analysts can help investors pick out the right stocks […]
Read More
Amid the volatility, these high-quality assets have attractive valuations — and solid yields
One place investors can turn to in this volatile market is agency mortgage-backed securities, according to Janus Henderson. The assets —debt obligations created out of a pool of mortgages and backed by the federal government — have historically been resilient in market selloffs, explained John Kerschner, head of U.S. securitized products and a portfolio manager […]
Read More
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 , […]
Read More
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 […]
Read More
Transport stock charts aren’t saying the economy is fine
Markets stabilized on Thursday after the dual sell-off in stocks and bonds, but a key corner of the equity market is blinking a caution light on the economy. The Dow Jones Transportation Average is headed for a losing week and has fallen back below its pre-April 2 Liberation Day levels. JB Hunt Transport Services and […]
Read More
This wholesaler is still ripe for gains even after a 30% move, global strategist says
Despite a weak day for stock in BJ’s Wholesale Club Holdings on Thursday, Freedom Capital Markets chief global strategist Jay Woods is sticking by the company after a better-than-expected first-quarter print. Woods discussed the wholesaler and his bullish views on Uber and Palo Alto Networks on CNBC’s ” Power Lunch ” on Thursday. BJ’s Wholesale […]
Read More