These are the two statements you most often hear about liquidity and ETFs: ETFs are only as liquid as what they own. ETFs are only as liquid as what you see on the screen. Both of these are fundamentally flawed, and interact in interesting ways. And nowhere are there more […]
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Billionaire Bill Gates once got bitcoin as a birthday present — here’s what he did with it
Bill Gates has used his $91.8 billion net worth to invest in all sorts of moonshots and technologies, from a start-up that streams video of Earth to a company growing meat in labs. But there’s one tech darling Gates isn’t planning to back: Bitcoin. The Microsoft co-founder revealed Monday on […]
Hudson’s Bay seeks to revive Lord & Taylor’s fortunes
Hudson’s Bay is working with investment bankers and consultants to identify deals and new measures to turn around its Lord & Taylor department store chain, once the cornerstone of its retail empire, people familiar with the matter said. The move shows how the chain’s fortunes have diverged from Hudson’s Bay’s […]
Homeowners are bullish on prices, while buyers may find there’s no inventory
Americans are bracing for houses to get costlier. In a recent survey, 64 percent said they’re anticipating an increase in property values during the next year, according to findings from Gallup. (Click on graphic to enlarge.) That’s the highest share since the housing bubble in the mid-2000s, when 70 percent […]
Walmart ends its grocery delivery partnerships with Uber and Lyft after they fail to take off
Walmart’s online grocery delivery partnerships with ride-hailing services Uber and Lyft have ended, according to two sources, a potential setback for the retailer’s ambitions to challenge Amazon.com head-on with speedy delivery of groceries to people’s homes. The end of the Walmart partnerships, which has not been previously reported and was […]
Warren Buffett says he never tries to ‘time’ stocks: ‘I never have an opinion about the market’
Warren Buffett believes trying to time the market is a waste of time and hazardous to investment success. The Oracle of Omaha explained why investors should avoid market predictions during a Berkshire Hathaway annual shareholder meeting in 1994, obtained through the CNBC Warren Buffett archive. “I never have an opinion […]
Uber shows its flying car prototype, which looks like a giant drone
Uber has unveiled its “flying car” concept aircraft at its second annual Uber Elevate Summit, which showcases prototypes for its fleet of airborne taxis. The flying cars, which the company hopes to introduce to riders in two to five years, will conduct vertical takeoffs and landings from skyports, air stations […]
Jamie Dimon: Economy is ‘strong’ but odds for another recession are ‘100 percent’
J.P. Morgan Chase Chairman and CEO Jamie Dimon thinks the U.S. economy is doing well for now. “America looks pretty good. … It looks like this [economic growth] may have legs to go. Maybe a year, maybe two, maybe more,” Dimon said in an interview Monday on Bloomberg Television from […]
Trump will kill the Iran nuclear deal — and that’s a ‘long-lasting’ boost for oil prices
President Donald Trump‘s eagerly anticipated announcement on the Iran nuclear deal could be the flashpoint for a “long-lasting” uptick in oil prices, according to Barclays analysts. Crude futures hovered close to multi-year highs on Tuesday, as investors waited on Trump’s looming decision on the Iran nuclear accord. The U.S. president […]
Trump considers benching Giuliani from doing TV interviews
President Donald Trump is growing increasingly irritated with lawyer Rudy Giuliani’s frequently off-message media blitz, which has included muddying the waters on hush money paid to porn actress Stormy Daniels and making claims that could complicate the president’s standing in the special counsel’s Russia probe. Trump has begun questioning whether […]