Family offices ramp up deals in June with bets on biotech and pharma
Key Points After a slow spring, investment firms of the ultra-rich made 60 direct investments in June, according to Fintrx. Family offices flocked to biotech and health-care firms such as Antheia, seeking to make an impact and returns at the same time. Antheia founder Christina Smolke told CNBC’s Inside Wealth family offices’ patient capital makes […]
No tax on Social Security? Not quite. What the tax megabill really means for seniors.
The enhanced standard deduction will offset what recipients pay in taxed benefits.
‘F1’ is Apple’s highest-grossing theatrical film ever
Still from Apple’s “F1.” Apple Lights out and away we go. “F1: The Movie” hasn’t even reached the checkered flag of its theatrical run, but it’s already Apple’s best film release ever. The film, distributed by Warner Bros. Discovery, zoomed past $293 million at the global box office over the weekend. This outpaced Ridley Scott’s […]
Stellantis gets a downgrade. Its rebound may never come, analyst warns.
The new chief executive of Stellantis faces a mountain of problems, and it’s too early for investors to go bottom fishing in the Jeep and Ram truck maker, a new research note published Monday says.
How Netflix keeps luring directors away from traditional box office
Film directors Rian Johnson (L), Greta Gerwig (C), and Guillermo Del Toro (R) Getty Images Netflix isn’t interested in bringing movies to theaters. The company’s leaders have said they see theatrical movie releases as an “outdated” model. Yet for more than a decade, the streamer has lured in some of Hollywood’s biggest directors to make content […]
Tesla stock gets punished as Musk says he’ll start third political party. ‘This is not the news we want to see.’
Tesla stock is weaker in premarket trade as investors react to Elon Musk’s announcement that he will form a new U.S. political party.
‘He doesn’t seem to care’: My secretive father, 81, added my name to a bank account. What about my mom?
“Neither my mom nor I know anything about their finances.”
Oil prices fall as OPEC+ ramps up production; U.S. stock futures decline as tariffs to go into effect Aug. 1
U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.
Delta kicks off second-quarter earnings this week. But is 2025 already a ‘lost year’ for airlines?
The second-quarter earnings season will begin a little more quietly than usual this week, with results from Delta Air Lines due on Thursday. Wall Street’s advice? Keep expectations low.
‘I’m single’: At 70, I have $500,000 in stocks and $220,000 in savings. How do I invest my $130,000 windfall?
“I’m receiving enough Social Security to live on.”
