Billionaire investor Ray Dalio renewed his belief that cash makes an attractive investment, saying it's become more appealing than stocks and bonds amid rising rates. "Cash used to be trashy. Cash is pretty attractive now," Dalio said on CNBC's " Squawk Box " Thursday. "It's attractive in relation...
Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would cost the group about $2 billion.Paul Ellis | Afp | Getty ImagesBritish oil giant Shell on Thursday posted its highest-ever annual profit, bolstered by soaring fossil fuel prices...
JPMorgan named five stocks it recommends to buy amid an expected rise in the broader Chinese stock market during February. The investment bank said it "remains bullish" on Macao casino operator Sands China and Galaxy Entertainment , and Hong Kong retail landlords Wharf REIC , LINK and Fortune...
DoubleLine Capital CEO Jeffrey Gundlach said he sees one additional rate hike from the Federal Reserve before the central bank ends its tightening cycle."I think one more," Gundlach said Wednesday on CNBC's "Closing Bell: Overtime." "I think it's tough to make the statement 'ongoing increases' with an 's' at the...
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston.David L. Ryan | The Boston Globe via Getty ImagesDraftKings is eliminating 140 jobs, or about 3.5% of its workforce, as part of a reorganization.The stock rose...
Chair of the Board of Governors of the Federal Reserve System Jerome H. Powell participates in a panel during a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden, January 10, 2023.Claudio Bresciani | TT | via ReutersHere are the most important news items that investors need...
India's Finance Minister Nirmala Sitharaman and other finance ministry members on the way to present the budget at the parliament on Feb. 1, 2023.Amarjeet Kumar | Anadolu Agency | Getty ImagesIndia's government will raise its capital expenditure by 33% to 10 trillion rupees ($122.29 billion) in the next...
A man walks through Google offices on January 25, 2023 in New York City.Leonardo Munoz | Corbis News | Getty ImagesGoogle is testing new artificial intelligence-powered chat products that are likely to influence a future public product launch. They include a new chatbot and a potential way to...
AMD Chair and CEO Lisa Su speaks at the AMD Keynote address during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada.Robyn Beck | AFP | Getty ImagesAMD reported fourth-quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts...
Gautam Adani, chairman of Adani Group.Bloomberg | Bloomberg | Getty ImagesWhile Gautam Adani received a vote of confidence from investors in his latest $2.5 public offering Tuesday, Wall Street is still sizing up his exposure to the global financial sector.As Adani's empire has grown, his group has established...