Investing News

A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New York. Scott Eells | Bloomberg | Getty Images Goldman Sachs is making its U.S. employees report whether they’ve taken one of the Covid-19 vaccines, according to an internal memo sent this week. Employees must inform

In this article CLOV CLNE VIRT The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. “There’s a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this in both the cash equities

A contested divorce must rank as one of the modern world’s most grueling experiences, but in the U.S., nine states have tried to ease the trauma by passing community property laws. In these so-called community property states, couples are required to split equally all assets acquired during their marriage. Period. The aim is to ease

A series of GEN1 satellites ready to head to a launch site. Kepler Communications Kepler Communications, a start-up that is building a satellite internet network for service outside of the Earth, raised $60 million in a new round to help the Toronto-based company grow, including an expansion in the U.S. “We’re not selling to businesses

In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in Brazil, the South American company announced on Tuesday. Nubank, which was

The banking industry serves a broad range of individual and business customers. Banks and credit unions have a number of different personnel to serve the needs of their clients from customer service representatives to financial advisors to private bankers. These institutions employ private bankers to provide an additional level of service for high and ultra-high

An artist’s rendition of a Terran R rocket launching to orbit. Relativity Space 3D-printing specialist Relativity Space raised $650 million to step up work on a fully reusable rocket that will attempt to challenge Elon Musk’s SpaceX in less than three years, the company announced on Tuesday. The money will be used “to accelerate some

A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Insider-selling activity at AMC Entertainment ramped up like never before during the recent explosive rally driven

What Are 5 Recession Resistant Industries? When a recession or an economic slowdown occurs, markets tend to become volatile leading investors to sell stocks. While some industries are very susceptible to economic changes, other industries perform well regardless of what’s happening with the economy. Although no company is completely recession-proof, the following industries tend to

Jeff Bezos takes a look at the New Shepard rocket booster on the landing pad after a successful NS-15 flight and landing in April 2021. Blue Origin Jeff Bezos will fly on the first passenger flight of his space company Blue Origin, which the company plans to launch on July 20, the billionaire announced on

In this article AMC Closed signs are seen on an AMC Theatre during the outbreak of the coronavirus disease (COVID-19), in New York City, April 29, 2020. Brendan McDermid | Reuters Investment firm Mudrick Capital has exited both its debt and equity positions in AMC Entertainment, sources tell CNBC’s David Faber, as the theater chain’s

Robinhood IPO Details Robinhood Markets Inc., is an online brokerage company with a stock trading and investing app aimed at younger retail investors. The company, an early adopter of zero-commission trades, filed for a confidential initial public offering (IPO) in March 23, 2021. A confidential IPO allows a company to submit an initial draft of

Aleksandr Sumarokov / EyeEm | EyeEm | Getty Images Some people believe the Reddit gang bidding up meme stocks like AMC won’t lead to ruin for themselves and that the movement is a positive thing for investing overall. They are claiming once again that “this time is different.” In 37 years, I have heard that

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month. Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) is likely to finish the transaction by June 22,

A hostile takeover happens when one company (called the acquiring company or “acquirer”) sets its sights on buying another company (called the target company or “target”) despite objections from the target company’s board of directors. A hostile takeover is the opposite of a friendly takeover, in which both parties to the transaction are agreeable and

The market conditions and technology in the mania over current meme stock AMC Entertainment are vastly different from day trading during the dot-com bubble of the late 1990s, online brokerage pioneer and former options trader Tom Sosnoff told CNBC on Friday. “There’s no comparison between the day traders of 1999-2000, and that first transition into

Starship prototype SN10 fires its three Raptor engines as it comes in for the landing. SpaceX The U.S. Air Force is expanding a small development program that wants to leverage reusable rockets, like those SpaceX is building, to deliver cargo quickly to anywhere in the world. Called Rocket Cargo, the experimental military program will be

How does immigration affect the economy? Discussions about the economic effect of immigration often are influenced by larger ethical and political stances around this topic, positions grounded in questions about the kind of world in which people want to live. Many of the arguments against immigration, for instance, tend to emphasize rates of cultural change

In this article VIV-FR PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) confirmed Friday it was in talks to buy 10% of Universal Music Group for around $4 billion. The deal values Universal Music at 35 billion

[The livestream is scheduled to begin at 1 p.m. EDT. Please refresh the page if you do not see the player above] SpaceX plans to send the latest cargo mission for NASA to the space station on Thursday, with Elon Musk’s company going for its 17th launch this year. The company is targeting 1:29 p.m.