Markets

Markets 2023-09-04T15:46:25Z
Giannis Antetokounmpo

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.
Markets 2023-09-04T15:26:15Z
BERKSHIRE BUFFETT MUNGER 2021

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.
Markets 2023-09-04T15:19:10Z
warren buffett

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.
Markets 2023-09-04T14:02:33Z

ChatGPT helped a simulated study return up to 512% trading stocks based on news. Here's the prompt the researchers used — plus the positive and negative takeaways from their findings.

Their strategy was set up to trade any stock in the NYSE and the Nasdaq but most of the gains came from small-cap stocks.
Markets 2023-09-04T13:26:58Z

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.
Markets 2023-09-04T12:30:01Z

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.
Markets 2023-09-04T12:15:01Z

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.
Markets 2023-09-04T12:11:19Z

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.
Advertisement
Advertisement
Markets 2023-09-04T10:36:02Z

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.
Markets 2023-09-04T10:10:01Z

A couple that works full-time earns an extra five-figures each month from the 2 franchises they own. They explain 4 keys to creating passive income through franchise investing.

Between their two franchises, Erika and Kareem Hall have done more than $1 million in revenue since launching in 2019.
Markets 2023-09-04T09:55:58Z

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.
Economy 2023-09-04T09:38:10Z

One economist still feels a recession is looming — because corporate borrowing costs could shoot up, thanks to rising interest rates

About a quarter of US investment-grade debt is maturing from 2023 to 2025, Bloomberg reported, citing data from Fidelity.
Markets 2023-09-04T09:03:04Z

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.
Economy 2023-09-03T12:30:01Z

Russia's massive brain drain is ravaging the economy - these stunning figures show why it will soon be smaller than Indonesia's

By some estimates, 86% of those who have left Russia are under the age of 45, and 80% have a college education.
Markets 2023-09-03T12:15:01Z

The housing market is about to take a hit as student loan payments restart

More than a quarter of borrowers surveyed are worried about making rent or mortgage payments when student loan payments resume this fall.
Markets 2023-09-03T10:50:01Z

New all-time highs are coming next year as a multi-year bull market rally kicks off, a veteran chartmaster says — and these 5 leading sectors look ready to dominate

Veteran strategist David Lundgren shared why a big multi-year market rally is coming for US stocks — and how the charts say to best prepare for it.
Markets 2023-09-03T10:05:01Z

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.
Markets 2023-09-03T10:00:00Z

Morningstar: These are the 10 best undervalued stocks to buy now with the market rally stalling after sending valuations sky-high

The market rally has stalled out, and most stocks have seen shares rise higher than expected. But Morningstar analysts still see some great deals.
Markets 2023-09-03T09:00:01Z

A 27-year-old investor building a retirement portfolio of $2 million in 8 years shares why he's heavily buying a fund paying a 12% annualized yield on a monthly basis with tax advantages

He plans on reinvesting the monthly yield for faster accumulation, creating a snowball effect that can supplement his income in the future.
Markets 2023-09-02T12:15:01Z

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.
Markets 2023-09-02T12:10:01Z

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.
Advertisement
Advertisement
Markets 2023-09-02T10:45:01Z

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.
Markets 2023-09-02T10:30:00Z

A top-7% fund manager over the past 15 years shares the once-in-a-generation challenge she sees in markets — and names 6 stocks that look attractive right now

A top-7% fund manager sees opportunities, even as interest rates pose a once-in-a-generation headache for investors. Here are six stocks to buy now.
Real Estate 2023-09-02T10:00:01Z

The 20 most attractive US cities for homebuyers and investors seeking affordability in growing economies, according to Realtor.com — 5 of which have median prices below $300,000

Buyers and renters are flocking to areas where affordability meets jobs which tends to mean that the housing market will do well in those areas.
Real Estate 2023-09-02T09:30:01Z

How to get into real estate on a small salary or little to no savings, according to 6 successful investors who used creative financing strategies to get started

Real estate investors who started with little to no savings share the strategies they used to get started.
Markets 2023-09-02T09:24:28Z

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.
Markets 2023-09-02T09:10:01Z
Markets 2023-09-01T20:07:02Z

US stocks rise to gain for the week as traders assess August jobs report

Wage growth slowed in August and unemployment climbed, calming investors worried about more aggressive moves by the Fed.
Markets 2023-09-01T17:42:25Z

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.
Markets 2023-09-01T17:09:08Z

The world's most valuable oil company may launch the biggest stock offering in history

Saudi Arabia is considering an offering of Aramco stock that could be worth up to $50 billion, sources told the Wall Street Journal.
Markets 2023-09-01T16:08:55Z

It's not just about 'location, location, location' anymore - housing market priorities have shifted

A home's neighborhood is no longer the top priority for house hunters, a Fannie Mae survey found.
Advertisement
Advertisement
Markets 2023-09-01T15:57:07Z

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.
Markets 2023-09-01T15:37:14Z

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.
Economy 2023-09-01T15:36:48Z

The US jobs market stayed strong in August

The labor market was robust, adding 187,000 jobs in August. The job growth in August was greater than the growth in July.
Economy 2023-09-01T15:15:58Z

It would be a 'miracle' to escape a recession and the erosion of credit is similar to 2008, top economist David Rosenberg warns

"We've had the biggest interest rate shock since 1981, Rosenberg said, noting that a severe recession followed in 1982.
Markets 2023-09-01T14:26:50Z

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.
Markets 2023-09-01T13:50:06Z

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.
Markets 2023-09-01T13:37:43Z

US stocks rise as jobs data dampens fears of a tighter Fed

The unemployment rate rose to 3.8% in August, and job gains from prior months were revised lower.
Markets 2023-09-01T13:18:40Z

Warren Buffett's energy division has had a negative income tax rate for 5 years straight - as it's received clean-energy credits worth billions

Berkshire Hathaway Energy has received almost $6 billion in income-tax benefits on a net basis in the last three years alone.
Markets 2023-09-01T11:31:17Z

The US government's been selling SVB and First Republic's wine collections. Past bank failures have put far weirder assets in federal hands.

The FDIC has reportedly seized 25,000 pounds of frozen rabbit, a stake in the Dallas Cowboys, and even a human skull from failed banks over the years.
Markets 2023-09-01T11:19:48Z

Warren Buffett and Vivek Ramaswamy are miles apart politically. But the investing icon and Republican upstart have these 3 things in common.

Buffett and Ramaswamy are both bargain hunters with a taste for holding companies, who worry about the clash between business and social issues.
Markets 2023-09-01T10:56:27Z

Private equity has missed the 'Barbenheimer' boom - investment in movies and entertainment is set for a 5-year low

As of August, just $1.48 billion of private-equity capital has flown into the entertainment sector this year, a far cry from the $10.27 billion invested in the whole of 2022.
Markets 2023-09-01T10:12:51Z

UBS made a $29 billion quarterly profit after rescuing Credit Suisse

The record profit is mostly due to an accounting gain following its government-brokered takeover of its arch Swiss rival earlier this year.
Markets 2023-09-01T09:30:01Z

'We're one gust of wind away from recession': A JPMorgan global strategy chief shares why the economy is still at risk despite rising optimism — and 3 places he's bullish on now

JPMorgan Asset Management's David Kelly shared why he's cautiously optimistic about the US economy, and where investors should put their money now.
Markets 2023-09-01T09:09:42Z

China tries again to support its battered economy, bringing in new measures to boost the yuan

The renminbi has plummeted against the dollar this year, with growth stagnating and China battling a property crisis.
Markets 2023-09-01T08:19:10Z

Dollarization is the only way for Argentina to stop its 'death spiral', economist Steve Hanke says

The Johns Hopkins professor echoed the views of Argentina's presidential candidate Javier Milei – who has also called for adopting the greenback as the country's local currency.
Markets 2023-08-31T21:14:16Z

Dollar General stock crashes 17% after the budget retailer cuts its outlook for the rest of the year

Dollar General said it expects lower sales growth and an annual earnings decline as much as 34%, compared to a previous guidance of a 0%-8% drop.
Markets 2023-08-31T20:29:40Z

China's property crisis deepens with 87% value wipeout in developers' dollar bonds

An 87% value wipeout for Chinese developers' dollar bonds is symptomatic of the wider crisis facing the nation's property sector, which has seen 53 companies collapse in about two years.
Markets 2023-08-31T20:06:04Z

US stocks trade mixed to close out tough August as traders brace for jobs report

Stocks had a rocky ride in August, shedding nearly a quarter of the year's gains by mid-month before paring some losses.
Economy 2023-08-31T17:44:04Z

Struggling US households may soon max out their credit cards as banks get skittish

"Credit card borrowing costs are the highest since records began in 1972 so there is going to be a lot of pain out there," ING Economics said.
Loading Something is loading.
View more