Monthly Archives: May 2023

(CNBC) Berkshire Hathaway’s annual shareholder meeting on Saturday included dozens of questions spanning topics such as investing strategy, artificial intelligence and politics for the legendary investors at the helm of the conglomerate: Chairman Warren Buffett and Vice Chairman Charlie Munger. […]

(CNBC) Treasury Secretary Janet Yellen on Sunday said that failure to raise the debt ceiling will cause a “steep economic downturn” in the U.S., and she reiterated her warning that the Treasury Department may run out of measures to pay […]

(CNBC) The price of ether jumped on Friday as investors gambled on crypto’s newest memecoins.Ether closed higher by 5.61% at about $1,990, according to Coin Metrics. It’s still below the key $2,000 level it briefly broke through in April following […]

(Hedgeweek) US stocks may have consistently outperformed their international peers over the past three decades, but AQR Capital Management’s co-founder and CIO Cliff Asness believes that streak could be ending and international equities may be a better bet for US […]

(CNBC) Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street’s soft expectations, driven by stronger-than-anticipated iPhones sales. Apple CEO Tim Cook told CNBC that the quarter was “better than we expected.”  However, Apple’s overall sales fell for the […]

(CNBC) The rout in regional banks picked up steam again on Thursday morning, with several stocks suffering sizeable losses. PacWest sank 50.6% was halted for volatility multiple times. The slide began on Wednesday evening following news that the Los Angeles-based […]

(CNBC) Stock futures ticked higher early Friday morning. S&P 500 futures inched up by 0.4%, while Nasdaq 100 futures added 0.5%. Futures tied to the Dow Jones Industrial Average gained 77 points, or 0.23%. Investors received a fresh slate of […]

(CNBC) Institutional investors lost interest in crypto after 2022 and even with this year’s uptrend, their appetite for it hasn’t come back yet, according to Northern Trust’s head of digital assets and financial markets. Justin Chapman told CNBC’s “Crypto World” […]

(Hedgeweek) A $12.7 billion venture capital fund set up by New York-based hedge fund Tiger Global Management in October 2021 to support tech startups, has been hit hard by a decline in tech sector valuations with the fund suffering a […]

(CNBC) S&P 500 futures fell after the Federal Reserve hiked rates by another 25 basis points and investors’ fears of contagion in the regional bank space returned. Futures linked to the broad-market index slipped 0.2%. Futures linked to the Dow […]

(CNBC) The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%. In its post-meeting statement, the central bank appeared to soften its language on future rate increases, removing […]