Money managers don’t see a recession, and are betting big on equities — especially the Magnificent Seven.
Gen X stands to gain the most wealth from the $84 trillion wealth transfer
According to Wealth-X, the average age of individuals in North America set to inherit fortunes from parents worth $5 million or more is 46.1 years old.
Millionaires are abandoning the UK in their droves, new research shows
A record number of millionaires is expected to leave the U.K. this year, according to a new report, with this year’s election expected to exacerbate the exodus.
American households have seen their purchasing power increase
Wage growth has surpassed inflation for a year, meaning households have seen their buying power increase.
Google’s Android apps are coming in 3D via Xreal as competition with Apple’s Vision Pro heats up
Games and movies on Google Play Store apps can now be viewed in 3D via a new Android mobile device from augmented reality glasses maker Xreal, the startup said.
May retail sales rise 0.1%, weaker than expected
Retail sales were expected to rise 0.2% in May, according to the Dow Jones consensus estimate.
Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%
The Omaha, Nebraska-based conglomerate purchased Occidental shares every trading day from June 5 to Monday.
Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’
Bank CEOs have said the Basel III Endgame capital increases are unnecessarily aggressive and would force the industry to curtail lending.
Stocks making the biggest moves premarket: La-Z-Boy, NextEra Energy, Kroger, Lennar and more
These are the stocks posting the largest moves in premarket trading.
GameStop drops more than 12%, hits session lows after annual meeting fails to offer details on firm’s strategy
The meme stock fell more than 14% around, as its rescheduled shareholder event wrapped up with no detailed remarks about the company’s strategies.