Investing Insider

17 May 2024, 12:58

Finance minister asks for greater push and investment in the manufacturing sector at the CII Annual Summit

Finance Minister Nirmala Sitharaman asked for a greater push to manufacturing sector. Speaking at the CII Annual Business Summit 2024 in Delhi on Friday, Sitharaman said many suggest India has bigger opportunity in services but we can't ignore manufacturing and it must be pushed with greater investment and help from government policies.

17 May 2024, 11:30

AI is leading to the 'revenge of the liberal arts,' says a Goldman tech exec with a history degree

The history major turned tech banker said AI enhances skills like critical thinking, creativity, and logic.

17 May 2024, 00:41

A legendary hedge fund exited its GameStop bet before the meme stock's 550% spike

Paul Tudor Jones' firm owned call and put options on GameStop stock in the fourth quarter of 2023, but they were gone from its portfolio by March.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 – ...

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.

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.

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.

Billionaire 'bond king' Bill Gross says soaring Treasury issuance means bond yields can't come down anytime soon

03 May 2024, 00:13