An Alaska airlines Boeing 737 is taking off from Los Angeles International AirPort (LAX) in Los Angeles, California, on March 6, 2024. Daniel Slim | Afp | Getty Images The Justice Department has started a criminal investigation into the Alaska Airlines incident where a door panel blew out mid-air two months ago, The Wall Street … Read more
U.S. President Joe Biden delivers the State of the Union address to a joint session of Congress in the House Chamber of the U.S. Capitol in Washington, U.S., March 7, 2024. Elizabeth Frantz | Reuters President Joe Biden on Saturday signed a $460 billion spending bill into law, averting a partial government shutdown that would … Read more
The top holdings of many ESG funds may be surprisingly familiar. While these strategies consider a company’s environmental, social and governance factors, these funds still aim to invest in top performers across industry groups, DWS Group’s Arne Noack explained. “The idea isn’t to be super concentrated and only select a handful of stocks that do … Read more
The price of bitcoin jumped to a new record on Friday, breaking through $70,000 for the first time ever. The cryptocurrency gave back its gains from the spike and was last lower by more than 1% at $66,943.70, according to Coin Metrics. At one point, however, it rose as high as $70,170.00, topping its previous … Read more
Westend61 | Westend61 | Getty Images 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 inbox. The number of family offices in the world has tripled since 2019, setting off a new race … Read more
Traders work on the floor during morning trading at the New York Stock Exchange on March 6, 2024. Spencer Platt | Getty Images Despite the heavy concentration of the U.S. market rally in expensive, AI-focused tech stocks, analysts say Wall Street is not yet in bubble territory. The S&P 500 has climbed for 16 of … Read more
Sonali Pier is a portfolio manager with Pimco Pimco’s Sonali Pier strives for outperformance. The youngest of three and the daughter of Indian immigrants, Pier set her sights on Wall Street after graduating from Princeton University in 2003. She began her career at JPMorgan as a credit trader, a field that doesn’t have a lot … Read more
Rich Paul attends a basketball game between the National Basketball Association’s Los Angeles Lakers and the Boston Celtics at Staples Center in Los Angeles on Feb. 23, 2020. Allen Berezovsky | Getty Images Entertainment | Getty Images Robinhood is partnering with Klutch Sport Group, LeBron James’ agent Rich Paul’s firm, as the financial services company … Read more
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven … Read more
Jonathan Raa | Nurphoto | Getty Images Novo Nordisk shares climbed 7% on Thursday, hitting a fresh record high after the Danish pharmaceutical giant reported positive early trial data for a new experimental weight loss drug. The company told an investor meeting that the Phase I trial of its highly-anticipated obesity drug amycretin showed a … Read more
