The U.S. now has a third of the world’s millionaires and billionaires
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 U.S. now accounts for more than a third of the world’s millionaires and billionaires, as tech companies and startups mint […]
Yet another tariff pause boosts stocks — but Trump’s trade war is still coming for your money
Expect rising prices, summer shortages as tariffs hit the American economy.
Macy’s (M) Q1 2025 earnings
Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations, as the retailer’s CEO said it will hike prices of certain items to offset tariffs. In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and “some moderation” […]
‘We just don’t have the finances’: Reality TV stars Heidi Montag and Spencer Pratt say they can’t afford to rebuild home destroyed in L.A. fire
More than four months after the devastating California wildfires, the former reality TV stars are still living in a rental, and say they don’t have enough money to rebuild.
Here’s why HSBC analysts are giving up their bearish call on AMD’s stock
Saudi Arabia’s $600 billion U.S. investment commitment is one factor that could drive upside in 2026, though the outlook for this year is less clear.
Retail investors aren’t scared of the stock market. That will only make the selloff worse.
Regular investors have been “buying the dip’ aggressively. Remember: “Be fearful when others are greedy.”
Lilo and Stitch, Mission Impossible break box office records
Still from Disney’s newest live-action remake “Lilo & Stitch.” Disney Shares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office. AMC saw its stock jump more than 20%, while shares of Marcus Theatres’ parent company Marcus Corporation climbed 8% and Cinemark stock leaped 2.5%. The tandem […]
Treasury Secretary Bessent has a plan to bring down long-term yields. But will it work?
U.S. Treasury Secretary Scott Bessent has an idea in mind that he says should help to bring down long-term Treasury yields, which act as a benchmark for interest rates. But one big question remains: Will it work?
JPMorgan Chase is heading upmarket to woo America’s millionaires
A living space in the new J.P. Morgan financial center branch format in Palm Beach. Courtesy: JP Morgan JPMorgan Chase thinks it has cracked the code on managing more money for America’s millionaires. It’s not a new financial product, a novel software program or an enticing sign-up bonus. Instead, it’s a refurbished take on an […]
Russia’s latest attacks provide fresh impetus for European defense stocks
European nations are bracing for hostilities to be extended. Policies to increase military spending and preparedness are in motion.
