Former U.S. President Donald Trump appears in court with members of his legal team for an arraignment on charges stemming from his indictment by a Manhattan grand jury following a probe into hush money paid to porn star Stormy Daniels, in New York City on April 4, 2023. Timothy A. […]
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Want to invest like Warren Buffett? Ignore pundits and ‘never risk permanent loss of capital,’ says the billionaire
If you haven’t read Warren Buffett’s annual letter to shareholders, which the Berkshire Hathaway chairman released on Saturday, do yourself a favor. While you’re at it, read a few of the back issues, too. Within them, you’ll find the source material for many of the pearls of investing wisdom you’ve […]
Jamie Dimon is ‘cautious about everything’ as he sees risks to a soft landing
JPMorgan Chase CEO Jamie Dimon thinks there’s a better-than-even chance that the U.S. is heading for a recession, though he doesn’t see systemic issues looming. Speaking Monday from the JPMorgan High Yield and Leveraged Finance Conference in Miami, the head of the largest U.S. bank by assets said markets probably […]
Altice USA shares spike 50% on report Charter is considering acquisition
Igor Golovniov | Lightrocket | Getty Images Altice USA shares spiked as much as about 50% on Monday following a report that Charter Communications is considering buying the broadband company. Charter is working with financial advisors as it considers whether it would make sense to buy Altice USA, Bloomberg reported […]
H&R Block used deceptive marketing and unfairly deleted tax filer data, FTC complaint alleges
An H & R Block tax preparation office is seen on Flatbush Avenue on February 06, 2024 in the Prospect Heights neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty Images News | Getty Images After cracking down on TurboTax maker Intuit, the Federal Trade Commission […]
JPMorgan CEO Jamie Dimon says AI is not just hype — ‘This is real’
The burgeoning artificial intelligence tools from companies such as OpenAI still have their share of skeptics, but don’t count JPMorgan Chase CEO Jamie Dimon among them. The Wall Street titan told CNBC’s Leslie Picker on Monday that AI is not just a passing fad and is bigger than just the […]
Personal pilot for billionaire Joe Lewis pleads guilty to insider trading scheme
Damian Williams, U.S. Attorney for the Southern District of New York, speaks during a press conference in New York City, Sept. 22, 2023. Barry Williams | New York Daily News | Getty Images A personal pilot for British billionaire investor Joe Lewis pleaded guilty Monday to securities fraud related to […]
Palo Alto rises while Alphabet sinks — plus the latest on Wells Fargo, Broadcom and Apple
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Stocks […]
Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its […]
Trump appeals New York civil fraud verdict
Former U.S. President Donald Trump speaks after arriving for his civil business fraud trial in New York State Supreme Court on December 7, 2023 in New York City. Eduardo Munoz Alvarez | Getty Images Former President Donald Trump on Monday filed a notice of appeal of the New York civil […]