Household and business spending grew at an annual rate of more than 3%, an encouraging sign, says one economist. Plus, investment newsletter commentary on the dollar’s strength, corporate balance sheets, and stocks for the long run.
Formerly disgraced FTX CEO and Co-Founder Sam Bankman-Fried was convicted in November of wire fraud, money laundering and conspiracy, and sentenced to 25 years in prison. His high-profile trial marked a significant chapter in the unraveling of FTX, which collapsed under suspicious financial practices, leading to intense scrutiny and legal action. For the first time since his incarceration, Bankman-Fried described his daily life in a detailed interview with journalist William D. Cohan of Puck. Do
Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be carrying fewer physical cards in their wallets, and will make the 16-digit credit or debit card number printed on every card increasingly irrelevant. “I think (with these features) we’re getting past the point where consumers may never need to manually enter an account number ever again,” said Mark Nelsen, Visa’s global head of consumer payments, in an interview.
Nvidia is spreading some of its recently amassed wealth by investing in smaller AI companies.
The Church of Jesus Christ of Latter-day Saints added exposure to mega-cap tech stocks during the first quarter and Eli Lilly became a top 10 holding.
Nvidia stock could see as much as a 20% decline by the end of the year, a DA Davidson analyst previously predicted.
Deep out-of-the-money call options on GameStop stock saw an explosion in trading activity in the week prior to Roaring Kitty's social media return.
This is what could happen next to Alibaba shares.
The energy sector has been a standout performer in recent years, driven by rising demand, supply constraints, and a global focus on energy security. For investors seeking a combination of income and growth potential, three energy stocks – Chevron ...
Among Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla, there are three industry-leading companies that a trio of Wall Street analysts believes could plummet.
High-net-worth individuals, those with net worths of $1 million or more and liquid assets, take different approaches to finance than others.