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.
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.
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.
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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
'The vast bulk of companies are in big trouble': A renowned bear who called the dot-com bubble warns a recession is still on the way as bankruptcies rise — threatening to sink even the mega-cap stocks keeping the market afloat
"It seems the lights are going out all over the US smaller-cap corporate sector," says Societe Generale's Albert Edwards.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
'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.
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.
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.
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.
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.
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.
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.