Moyo Studio | E+ | Getty Images Exchange-traded funds have steadily gained popularity among investors in recent years — a trend experts say is largely due to advantages like lower tax bills and fees relative to mutual funds. The first ETF debuted in 1993. Since then, ETFs have captured about $9.7 trillion, according to Morningstar … Read more
A trader signals an offer in the Standard & Poors 500 stock index futures pit at the CME Group December 14, 2010 in Chicago City. Scott Olson | Getty Images News | Getty Images The data feeds for key market averages had an issue on Thursday that caused the calculations for the S&P 500 and … Read more
People walk by the New York Stock Exchange in New York City on Dec. 29, 2023. Spencer Platt | Getty Images The Dow Jones Industrial Average reached a key milestone on Thursday, the latest in a more than 100-year ascent that’s involved an everchanging group of stocks. The closely followed average on Thursday broke above … Read more
Michael Sonnenfeldt, founder, CEO and Chairman, Tiger 21. Adam Jeffery | CNBC Hedge funds are “dead” as an investment class for the super rich, said Michael Sonnenfeld, founder and chairman of Tiger 21 — a network of ultra high net worth investors and entrepreneurs. Tiger 21 members’ allocation to hedge funds dropped to 2% from … Read more
The Federal Reserve should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund. “We remain on our projection that we would see, by the end of the year, the Fed being in a position to take some action in a direction … Read more
Jonathan Raa | Nurphoto | Getty Images The bitcoin exchange-traded funds launching Thursday after the SEC’s long-awaited approval come at a wide variety of price points, with signs that a fee war is already underway. The Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new bitcoin funds, at 0.20%. Several other … Read more
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty Images When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges. The newly single parent reentered the workforce, only to be laid off from her job at … Read more
A FedEx truck and cars commute on Highway 101 during heavy rain in San Francisco Bay Area of California, United States on December 20, 2023. Tayfun Coskun | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
Several Tesla electric vehicles are parked in front of a Tesla service center in the Kearny Mesa region, in San Diego, California, U.S., October 31, 2023. Abhirup Roy | Reuters Marko Sustic has bet big on Tesla this year. The investor, who also happens to work in the European auto industry, bought Tesla shares nearly … Read more
Snow covers the Charging Bull sculpture in the Financial District of Manhattan, New York City, New York, U.S., December 17, 2020. Jeenah Moon | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more
