“Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns,” one financier told CNBC.
Category: Finance News
Fund managers at Fidelity share how they’re playing China’s stimulus plans
‘This round of the policy pivot is quite significant,’ Theresa Zhou, a fund manager at Fidelity International, told CNBC.
Bitcoin vs. gold: State Street worries the crypto rally’s allure is distracting precious metal investors
State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays do not offer the stability of gold.
Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
The founder of Key Square Group was deemed a strong favorite to lead the Treasury Department, along with several other contenders.
Top 10 S&P 500 stock winners since Election Day
Policy stances from the incoming Trump administration, bullish quarterly earnings and an “Elon Musk premium” led to lofty stock returns, experts said.
Stocks making the biggest moves midday: Reddit, Super Micro Computer, Intuit and more
These are the stocks posting the largest moves in midday trading.
How the world’s 431 women billionaires make, spend and give away their fortunes
Women are more likely to emphasize a philanthropic focus on nonprofit and social organizations.
‘I have no money’: Thousands of Americans see their savings vanish in Synapse fintech crisis
CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.
Stocks making the biggest moves premarket: Gap, NetApp, Intuit and more
These are the stocks posting the largest moves in premarket trading.
Trump might name Kevin Warsh as Treasury chief then Fed chair later, report says
A former Fed governor himself, Warsh would move over to the central bank after current Chair Jerome Powell’s term expires.