Economy

An aerial view of the city of San Francisco skyline and the Golden Gate Bridge in California, October 28, 2021.Carlos Barria | ReutersJan Sramek, a former Goldman Sachs trader, has been quietly working to build an urban utopia in California nestled near San Francisco and Silicon Valley. But just a few years after the mysterious… […]

More than 200 companies from myriad sectors have expressed interest in applying for CHIPS Act funding, Commerce Secretary Gina Raimondo told CNBC’s Jim Cramer on Friday, as part of what Raimondo called a mandate to invest “$50 billion in America’s national security.”The CHIPS Act was signed into law in August 2022, part of a sweeping… […]

Speaker of the House Mike Johnson and Vice President Kamala Harris stand in the House of Representatives ahead of US President Joe Biden’s third State of the Union address to a joint session of Congress in the US Capitol in Washington, DC, USA, 07 March 2024. SHAWN THEW/Pool via REUTERS Shawn Thew | Via Reuters […]

Published Sat, Nov 2 2024 10:00 AM EDT Paulina Likos @paulina_likos The logo of the online retailer Amazon is shown on the display of a smartphone. Thomas Trutschel | Photothek via Getty Images The holiday shopping season is upon us, and our retail stocks are well-positioned to thrive, according to Wall Street research firm Telsey […]

Bill Gates is constantly asked for his thoughts on big topics like artificial intelligence, climate change and pandemics. But there are other topics the Microsoft co-founder and billionaire philanthropist finds just as interesting and important — and he’s “surprised” more people aren’t asking about them. “When I first said, ‘What do kids die of?’ I […]

Kamala Harris credits her ability to power through 90-hour workweeks, at least partially, to her consistent morning routine. Harris, the current U.S. vice president and Democratic nominee for president, kicks off each day with two staples: a balanced breakfast and a workout, she told ex-NFL star Shannon Sharpe’s “Club Shay Shay” podcast on Monday. “I’m […]

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway ‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw […]

Travel is showing no signs of cooling off this summer, as both demand and prices are expected to stay high.”There’s still a lot of pent of demand going back to the pandemic,” Booking Holdings CEO Glenn Fogel said on “Squawk on the Street” last week. “They got a lot of savings; they want to spend… […]

Investors may have a new way to generate income during economic declines.Innovator launched a one-of-a-kind suite of barrier ETFs this month that provides protection by purchasing U.S. Treasurys and selling equity options.”Advisors are realizing that bonds aren’t the safe haven that many thought they would be,” the firm’s CIO, Graham Day, told CNBC’s “ETF Edge”… […]

Corporate earnings won’t have to share the spotlight with major inflation data in the week ahead as they did during this past week’s up-and-down market. Despite solid quarters from major banks, the S & P 500 and Dow Jones Industrial Average closed modestly lower Friday. The Dow rose 1.2% in its fourth straight positive week… […]