CNBC’s Robert Frank joins ‘Power Lunch’ to discuss billionaire funding in the midterms, the top billionaire spending pursuits, and the funds backing candidates from each party.
Category: Finance News
American billionaires spent a record $880 million on the U.S. midterm elections
George Soros’ $128 million in contributions made him the top political donor, followed by shipping magnate Richard Uihlein and hedge-fund founder Ken Griffin.
Stocks making the biggest moves midday: Under Armour, Robinhood, Peloton, Lincoln National and more
These are the stocks posting the largest moves in midday trading.
Value investors make a big comeback with one of their best months since 1978
The value outperformance in October made the 96th percentile spread since 1978, according to Bank of America.
Labor costs show slower rise, while trade deficit widens and jobless claims nudge lower
The cost of labor rose less than expected, but low productivity helped keep pressure on inflation in the third quarter.
Goldman Sachs seeks to impose order on expanding crypto universe with classification system
Goldman Sachs is making a bid to standardize the way the financial industry talks about, tracks and invests in the burgeoning universe of digital assets.
Bank of England raises its benchmark rate by 75 basis points, its biggest hike in 33 years
The 75 basis point increase takes the Bank Rate to 3%, its eighth consecutive hike to the main lending rate.
Watch Governor Andrew Bailey speak after the Bank of England’s rate hike
Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision.
Stocks making the biggest moves premarket: Restaurant Brands, Under Armour, Peloton and more
These are the stocks posting the largest moves before the bell.
Singapore wants to be a hub for blockchain in finance, just not speculative crypto trading, MAS says
The city-state has shown its approval for blockchain technology and has embarked on various projects such as Project Ubin and Project Guardian.