Peter Mutabazi and some of the children he has fostered or adopted. Peter Mutabazi Peter Mutabazi has fostered or adopted 36 children in the past seven years — by himself. Right now, he’s caring for kids aged two, three, seven, eight, 10, 17 and 19 years old, three of whom […]
CNBC
Robinhood CEO defends payment for order flow, says practice is ‘here to stay’
Vlad Tenev, co-founder and CEO of Robinhood, rings the opening bell at the Nasdaq on July 29, 2021. Source: The Nasdaq Robinhood CEO Vlad Tenev says he doesn’t believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in the U.S. is under threat. […]
Federal judge blocks Montana’s TikTok ban, which would have been the first of its kind
TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users. Jaap Arriens | Nurphoto | Getty Images A federal judge in Montana has blocked a law that would have resulted in a state-wide ban of TikTok starting on Jan. 1, 2024. Judge Donald […]
Charlie Munger said Berkshire would be worth double if he and Buffett used this common practice
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller The late investment icon Charlie Munger said Berkshire Hathaway, the conglomerate he and Warren Buffett built over the last five decades, could have doubled its value if they applied leverage, or borrowed money, when […]
Munger and Buffett were unable to pull off one last deal together using Berkshire’s $157 billion in cash
JOHANNES EISELE | AFP | Getty Images Charlie Munger didn’t manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained hopeful that Berkshire Hathaway, with nearly $160 billion cash, will find its elephant one day. “We have $160 billion in cash, plus a […]
Cramer reviews November’s top ten performers on the Russell 1000
CNBC’s Jim Cramer on Thursday went through the top ten performers on the Russell 1000 index during November, explaining why these smaller stocks saw success. “If you think we’re going to have a soft landing, if you believe inflation’s coming down, if you believe that interest rates have peaked, then […]
Jim Cramer explains why it’s hard to be bullish on the healthcare sector
CNBC’s Jim Cramer on Thursday told investors why it’s hard to be bullish about healthcare stocks, citing challenges stemming from government action and lack of innovation. “We could really use some strength in the downtrodden health care sector, which accounts for just 13% of the S&P 500 even though it’s […]
Read Linda Yaccarino’s message to X employees about Elon Musk’s controversial DealBook interview
Linda Yaccarino, CEO, X/Twitter speaks onstage during Vox Media’s 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. Jerod Harris | Getty Images Entertainment | Getty Images Linda Yaccarino sent a memo to employees of X (formerly Twitter) on Thursday in the aftermath […]
Move aside, China. India will drive Asia’s growth in the next few years, S&P Global says
India’s GDP growth is expected to reach 6.4% in 2024, and will hit 7% in 2026, according to S&P Global. Kriangkrai Thitimakorn | Moment | Getty Images As China’s economy slows, the main engine of growth in Asia-Pacific will move away from the world’s second largest economy to South Asia […]
This tiny country drove 15% of Nvidia’s revenue – here’s why it needs so many chips
Microchip and Nvidia logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images As Nvidia posted stellar third-quarter results last week, industry observers pointed out that […]