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Kelsey Vlamis,Reed Alexander
16 May 2024, 10:05
BofA banker whose death shook Wall Street was looking for new job and willing to take a lower salary for better hours, recruiter says: report
A recruiter told Reuters he was in touch with Leo Lukenas III before his death and that the Bank of America banker wanted a job with better hours.
Jennifer Sor
16 May 2024, 01:47
2 brothers were just charged by the Justice Department over a $25 million crypto heist that took 12 seconds
The Peraire-Bueno brothers allegedly tampered with the ethereum blockchain and funneled $25 million of stolen funds into private accounts.
Filip De Mott
15 May 2024, 00:43
4 reasons why the S&P 500 has another 5% upside this year, UBS says
Disinflation, Fed rate cuts, broader earnings, and continued AI investment will support a stock rally that could send the S&P 500 to 5,500, UBS said.
George Glover
14 May 2024, 18:49
GameStop is surging for a second day — but one market guru calls the Reddit-fueled rally a 'speculation orgy'
GameStop and other meme stocks such as AMC and BlackBerry have racked up big gains, but the likes of Jim Chanos and Larry McDonald are very skeptical.
Kwan Wei Kevin Tan
14 May 2024, 06:56
Meet the students stacking internships and battling each other to get a foot in Goldman Sachs' and JPMorgan's doors
Singaporean college students say they're pulling out all the stops and stacking multiple internships in pursuit of dream investment banking jobs.
Filip De Mott
14 May 2024, 02:18
Tesla will drop 70% after robotaxi and AI ambitions stop shielding a failing business, 'Big Short' investor says
Tesla is touting Robotaxis and AI initiatives to distract from problems in its core business, investor Danny Moses told CNBC on Sunday.
George Glover
13 May 2024, 22:22
Roaring Kitty is back on social media — and meme stock GameStop is soaring
Keith Gill just posted on X for the first time in nearly three years, sending meme stock GameStop sharply higher at the opening bell.
Matthew Fox
09 May 2024, 23:23
Don't blame Wall Street for jacking up home prices, economist says
"Lawmakers are looking for a new scapegoat to blame for unaffordable housing," Capital Economics said.
Filip De Mott
08 May 2024, 23:40
Saudi Arabia's $100 billion AI and semi-chip fund says it will divest from China if the US asks
"US is the number one market, US is the number one partner, and we hope we can partner more deeply," Alat CEO Amit Midha said.
Filip De Mott
08 May 2024, 10:08
Why Apple will be the big winner of AI's 2nd wave, according to 'Big Short' investor Steve Eisman
"I have the new phone. That phone is probably not going to be capable to do some of the apps that you're going to want to do," Eisman said.
Filip De Mott
07 May 2024, 02:08
3 reasons why bitcoin can still reach $150,000 by 2025, according to Bernstein
Bitcoin demand and continued mining discipline keep $150,000 on the table, Bernstein analysts wrote on Monday.
Munnavar Khan Pathan
06 May 2024, 16:53
Building resilient portfolios: Here are 9 key investing guidelines to keep in mind
In gardening, providing optimal sunlight and water to plants ensures healthy growth. Similarly, in investing, making well – ...
Yuheng Zhan
03 May 2024, 22:14
China's stock market has staged a big rebound that's poised to push on, strategist says
The stock market and the economy in China have staged a rebound recently after being branded "uninvestable" amid real estate and consumer woes.
George Glover
03 May 2024, 20:23
Stocks' bull run will end in a bubble or recession, says Bank of America strategist
Stocks are in a "late secular bull market" that's likely to end in tears, Bank of America's Michael Hartnett warned in a research note.
Morgan McFall-Johnsen
03 May 2024, 04:34
Making the power grid 'smart' could save us all money and prevent blackouts. Chattanooga made the $280 million investment.
The electric grid in Chattanooga, Tennessee, is one of the smartest in the nation. It's a peek at the ultraresilient power system of the future.
Yuheng Zhan
03 May 2024, 00:13
Billionaire 'bond king' Bill Gross says soaring Treasury issuance means bond yields can't come down anytime soon
"Look for 5% plus 10-year yields over the next 12 months," Bill Gross wrote in a note published this week.
Filip De Mott
02 May 2024, 22:44
Why one economist says Elon Musk has turned Tesla into a meme stock
"From the standpoint of Wall Street speculators, it is a bouncing ball in a roulette wheel: a tech-bubble casino play," J. Bradford DeLong wrote.
Alcynna Lloyd
02 May 2024, 21:42
I made $20,000 in 5 months by renting out extra apartments in my Sacramento backyard
George Warren said that over the past five months, the rental income from his two ADUs has earned him thousands and lowered his taxable income.
Bradley Saacks
02 May 2024, 21:41
China hedge fund Pinpoint is bouncing back in 2024 after years of poor performance
Pinpoint Asset Management, founded by Wang Qiang 25 years ago, is rebounding as the fund faces more competition for local talent.
Filip De Mott
01 May 2024, 20:55
Bitcoin will drop 13% to $50,000 after falling below a key support level as macro drivers slow, Standard Chartered says
Bitcoin has fallen past the ETF purchase price of around $58,000, putting over half of ETF positions underwater, Standard Chartered wrote.
Matthew Fox
30 Apr 2024, 01:49
A new ETF offers investors '100% downside protection' on the stock market. The catch is that it also limits upside.
"There's no free lunch here, so a cap of right around 9.65% is what we're seeing now, with 100% protection over the next 365 days," Calamos said.
George Glover
29 Apr 2024, 22:08
Tesla stock surges 12% on Elon Musk's China Full Self-Driving 'home run'
Musk seems to have won Beijing's backing for Tesla's autonomous-driving technology in China, which one analyst called a "watershed moment."
Christine Ji
29 Apr 2024, 22:07
My Wall Street job was seductive, and nearly destroyed me
This investment banking analyst quit her job on Wall Street after she fainted at work. She says banking made her tired, anxious, and unhappy.
Dominick Reuter
29 Apr 2024, 17:43
3 things Costco shoppers should know before buying gold bars
Costco sells an estimated $200 million worth of gold and silver bars a month, but shoppers should keep some key things in mind before buying.
Jennifer Sor
28 Apr 2024, 19:34
The Fed will only cut rates when it's panicking over a recession and a market crash, Black Swan investor says
"This economy is built on low interest rates," Mark Spitznagel said. "There are lag effects when you reset interest rates like we had."
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