Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors.
Number of millionaires to soar globally but plunge in the UK, research finds
The 2024 Global Wealth Report from UBS forecasts a continued increase in the number of millionaires, with the U.K. a notable outlier.
China’s inflation numbers miss expectations to rise 0.2% in June
China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts.
Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more
These are the stocks posting the largest moves in midday trading.
Athletic Brewing raises $50 million as nonalcoholic wave sweeps beer making
Athletic holds over 19% market share within nonalcoholic beer and is driving 32% of total nonalcoholic beer category growth, according to NielsenIQ data.
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Setting the stage for a two-day appearance on Capitol Hill, the central bank leader said the economy remains strong as does the labor market.
Hedge funds post mediocre first-half performance with some big names only up single digits
Hedge funds returned just 5% in the first half of the year after a 0.2% loss in June, according to data firm HFR.
Watch Fed Chair Jerome Powell testify live before Senate banking panel
Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.
Stocks making the biggest moves premarket: Chemours, Intel, BP and more
These are the stocks posting the largest moves in premarket trading.
‘Make or break week’: Stifel sees 40% chance of President Biden dropping out of the race
Brian Gardner, Stifel’s chief Washington policy strategist, said it a “make or break week” for President Joe Biden’s campaign.