The U.S. economy is getting closer to a recession. What is the Fed waiting for?
The Fed should cut rates by 0.5% before the Jackson Hole meeting in late August, says Investment manager Louis Navellier.
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. The company announced Thursday that starting next year, it will implement a gaming surcharge on winning bets in states […]
Money is flowing into big-bank bonds as a haven from Friday’s stock-market plunge
The market movements suggest that investors are selling stocks and putting the money into bank bonds in search of yield.
Jeff Bezos investing big in AI through his family office
Jeff Bezos at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC 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 […]
Trump’s wish for tax-free Social Security is so reckless it’s almost funny
True, the Republican former president never drained the swamp. Maybe he’ll have a chance to drain the Treasury.
Morgan Stanley wealth advisors can pitch bitcoin ETFs
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm’s 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Wednesday, according […]
Olympics draws new investments to niche sports, women’s teams
Players of Team United States celebrate following victory during the Women’s Rugby Sevens Bronze medal match between Team United States and Team Australia on day four of the Olympic Games Paris 2024 at Stade de France on July 30, 2024 in Paris, France. Michael Steele | Getty Images Sport | Getty Images The 2024 Paris […]
Treasury yields slip further on economic fears ahead of U.S. jobs report
Treasury yields slipped further Friday as traders waited to see whether the July jobs report would add to fears around the health of the U.S. economy.
Paige Bueckers to sign NIL deal with Unrivaled, get equity state
Paige Bueckers, #5 of the UConn Huskies, shoots the ball in the second half during the NCAA Women’s Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage FieldHouse in Cleveland, Ohio, on April 5, 2024. Steph Chambers | Getty Images University of Connecticut star Paige Bueckers will sign a name, image […]
How to make the Social Security switch and sidestep scammers
Changes to Social Security’s online services could be an opportunity for criminals — protect your account
