Markets
NBA star Giannis Antetokounmpo spread his money across half a dozen bank accounts as a rookie because of the FDIC's $250,000 limit. Billionaire team owner Marc Lasry told him to invest instead.
When Giannis Antetokounmpo first arrived in the US at age 18, he opened accounts at "five, six, seven" different banks to keep his money safe.
Charlie Munger pockets $70,000 a year from a $1,000 investment he made in 1962 - and has likely raked in over $1 million in total
Charlie Munger, Warren Buffett's right-hand man, spent $1,000 on oil royalties in 1962. He now receives 70 times that amount from them each year.
Berkshire Hathaway stock could crash 99% and Warren Buffett would still have trounced the S&P 500
Warren Buffett oversaw a nearly 3,800,000% rise in Berkshire Hathaway stock between 1965 and 2022, crushing the S&P 500's 25,000% gain in that period.
The 'Wizard of Wharton' says stocks are on solid ground - and house prices are shaking off mortgage pain
Jeremy Siegel says a brighter earnings outlook, and the prospect of no more interest-rate hikes until at least December, are good news for stocks.
From Ukrainian noodles to electric cars. Here's how VinFast founder Pham Nhat Vuong built a more than $60 billion fortune
After selling his instant noodle business to Nestle for $150 million, Pham Nhat Vuong invested in Vietnam's luxury real estate market and hit it big.
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Economist David Rosenberg says a recession will hit in 6 months. Here are his 7 best quotes from a new interview.
The Rosenberg Research president explained his grim economic outlook in a new interview. These are the biggest takeaways.
Pot stocks just notched their biggest weekly rally since March 2020 amid hopes of a lower-risk rating from the DEA
Marijuana is currently classed as a Schedule I drug, the same category as heroin and LSD, despite widespread legalization in the US.
Business guru Scott Galloway touts his Apple and Amazon bets — and trumpets the power of Warren Buffett-style investing
Scott Galloway hailed buy-and-hold investing as a fantastic way to get rich, and stressed the need to save, be frugal, and choose the right career.
Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple
The renminbi's increased role in Russia's banking sector indicates further efforts to reduce reliance on the dollar.
Stocks tend to plummet in September - but expect a better month this year, Bank of America says
The S&P 500 tends to slide 0.7% on average in September but its surge year-to-date means it's well-placed to buck the trend, strategists said.
SEC's Gary Gensler is waging war against crypto. Here's a look at how his views on the industry have evolved over the years
The SEC chair has waged all-out war on the digital token sector since his appointment in 2021 – now the battle is getting messier.
The housing market is stuck: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead
A home inventory crunch has pushed prices higher - and that's kept Americans sidelined and forced real estate investors to pull back on spending.
The stock market will hit record highs by the end of the year based on Goldilocks scenario, Bank of America says
In years when the stock market is up 10%-20% heading into September, market returns are positive 65% of the time during the month.
Warren Buffett's toll roads, Elon Musk's bottlenecks, and why both men prize the same kinds of businesses
Warren Buffett loves the pricing power that toll roads offer, while Elon Musk wields huge influence by relieving bottlenecks like EV charging.
The winners and losers from a so-so August that threatened to stop the 2023 stock market rally in its tracks
August's often a tough month for markets as investors head off on vacation and trading volume plunges – and 2023 proved to be no exception.
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Bitcoin just had its 2nd-straight losing month as crypto sold off in August along with stocks and bonds
The world's biggest cryptocurrency failed to eke out a gain in August even as crypto investors cheered Grayscale's win over the SEC.
CHART OF THE DAY: US Treasurys are on track for their longest stretch of losses since 1787
"10-year Treasury on course for third consecutive loss... has never occurred in 250-year history of US republic," Bank of America said.
Why investors aren't sweating a jobs report that showed unemployment rising
The cooling of labor market tells investors that the Fed may finally be able to make a dovish pivot on monetary policy.
Oil is on pace for its best week since April with Russia set to join Saudi Arabia in pumping out less crude
Oil prices are up 6% over the past five days, with Russia poised to announce production cuts next week.
A scrap metal scam led to hundreds of millions in estimated losses at Europe's top copper producer
The metals industry has been rocked by massive thefts over the past year, including a bag of rocks imitating nickel at the London Metal Exchange.