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Intel Shares Jump 22% After Nvidia Plans to Invest $5B in the Company, Jointly Develop AI Chips
Intel was the top performer on the S&P 500 and Nasdaq yesterday after Nvidia announced its plans to acquire a stake in the company and develop chips for hyperscale and personal computing markets.
S&P 500, Nasdaq, Dow Reach Record Highs After Fed Signals More Cuts; Jobless Claims, Manufacturing Data Beat Consensus
US equity indexes soared a day after the US Fed hinted at more rate cuts this year after lowering the federal funds rate by 25 bps to 4% to 4.25%.
Money Expert Ramit Sethi Says Saving $100k on a $35k Salary Is Possible — Here's How in 3 Key Steps
Millionaire author Ramit Sethi believes a change in mindset, a big win strategy, and an automated system are essential to amassing six-figure wealth in years without compromising basic lifestyle.
What Does The Fed Rate Cut Mean for Your Credit Cards, Loans, and Savings Accounts
While some fixed-rate loans are unlikely to be immediately affected by the rate cuts, variable-rate debts like credit cards could see an immediate impact.
Jeff Bezos Donates 520K Amazon Shares Worth Over $120M in Two Weeks
Jeff Bezos continues to gift Amazon shares to non-profit organisations, and remains on track to match his 2024 record.
Mortgage Applications Surge Near 30% as Rates Dive: How Does It Impact Monthly Payments?
Mortgage applications, especially for refinancing, soared in the week ended 12th Sept. and as rates hover at the lowest in a year.
Here's Why These AI and Storytech Stocks Surged Double Digits on a Volatile Tuesday
These stocks soared as US equity indexes declined markedly ahead of the US Federal Reserve's rate-cut decision on Wednesday afternoon.
Here's Why Point72's Steve Cohen's Bought Millions Worth of Biotech Stocks Last Week
New York Mets owner and billionaire investor Steve Cohen purchased two biotech stocks last week, one being a new addition to Point 72's portfolio.
Moderna Shares Surge After Recording Positive Phase 4 Prelim Data on COVID-19 Drug
Moderna shares rose by over 4% on a mixed Tuesday for US equities ahead of the US Federal Reserve's rate cut decision today.
Marjorie Taylor Greene Pours Into Pharma, Logistics, Utility and Tech Stocks in Latest Trades
Marjorie Taylor Greene purchased 12 stocks at the end of August, including Alphabet Class C shares, Merck & Co., Exelon Corp., Morgan Stanley, FedEx, and UnitedHealth Group.
80-Year-Old Full-time Worker Feels Blessed Despite Having $37 in Savings and Over $70K in Debt
Sandy McConnell earns $50,000 annually from her job and $1,784 monthly from Social Security, but a string of unfortunate family incidents has made it difficult for her to retire.
Marjorie Taylor Greene Piles Into PepsiCo and Palantir Stocks, Treasury Bills in Latest Trades
Congress member Marjorie Taylor Greene purchased PepsiCo and Palantir stocks, with each trade valued between $1,000 and $15,000. She also invested up to $750,000 in T-bills across three trades.
Citadel's Ken Griffin Boosts Stake in Mineral Projects Developer by 4,600% as Stock Jumps over 100% This Year
Ken Griffin's Citadel Advisors bought 3.69 million shares of NioCorp Developments at an average buy price of $3.14 per share. The mineral projects developer is currently expediting the construction of its Elk Creek Critical Minerals Project in Nebraska.
Kevin O'Leary's Mum Hid A Portfolio For 55 Years — It Changed How He Invests: Copy His Strategy Here
Kevin claims that his fiercely independent mother secretly saved money in stocks and bonds for 55 years, which yielded returns significantly higher than those of any hedge fund.
Jeff Bezos Sells Another Batch of Amazon Shares Worth $1.5B Under a Prearranged Plan
Amazon founder Jeff Bezos sold another batch of company shares worth $1.5 billion under a 10b5-1 plan. He has sold over $2.3 billion worth of the stock in July, weeks after his marriage to Lauren Sanchez.
Nvidia Shares Jump After Reversal of Ban to Export H20 AI Chips to China, Which Cost the Company $10B
Nvidia shares gained 4.3% during early Tuesday trading after the company said the Trump Administration is set to lift its ban on the export of H20 AI chips to China.
Jerome Powell 'Fatigued' and Facing Resignation Rumours Over Controversial $2.5B Fed Palace Overhaul
US Fed chair Jerome Powell continues to face mounting pressure to step down amid scrutiny into whether he was truthful to Congress about the Fed's 'Palace of Versailles' renovation to its headquarters in Washington, DC.
Crypto Whales Add 2.2B Ripple XRP Coins in Two Weeks as Prices Surge 30% to $3
Crypto whales holding XRP increased from 7.6 billion coins to 9.8 billion since 1st July, a 2.2 billion addition of XRP tokens to portfolios amid growing investor confidence.
Nvidia CEO Jensen Huang's Net Worth Reaches $143.6B, Surpassing Warren Buffett's
Nvidia CEO Jensen Huang became the 7th richest person globally with a net worth of $143.6 billion, surpassing Warren Buffett's fortune of $142.4 billion.
Jeff Bezos Sold 3.4M Amazon Shares Worth $768.9M A Week After Marriage With Lauren Sanchez
Amazon founder Jeff Bezos sold 3.4 million Amazon shares worth $768.9 million based on the Thursday closing price of $222.26 per share. The stock sale was completed between 3rd and 9th July across four trades.
Citadel's Ken Griffin Invests $124M in Medicare Advantage Firm Days Before Its Victory in Ratings Case
Citadel Advisor's Ken Griffin bought over 9.1 million shares of the Alignment Healthcare stock days before the tech-enabled Medicare Advantage company announced a partial victory in a legal battle against the Centers for Medicare and Medicaid Services.
Trump's One Big, Beautiful Bill to Eliminate Taxes on Social Security Benefits for 90% of Recipients
The Social Security Administration stated that US President Donald Trump's bill will eliminate federal income taxes on Social Security benefits to offer immediate relief to seniors.
Mustang Bio Stock Jumps 180% After FDA Grants Orphan Drug Status to Brain Cancer Drug
Mustang Bio stock surged over 180% on Monday after the FDA granted its brain cancer drug candidate an orphan drug designation.
Tesla Short Sellers Make $1.4B in Profits on the Stock Price Crash, Musk's Net Worth Drops $15.3B
Tesla short seller made $1.4 billion in profits on the latest stock price decline as Elon Musk's net worth fell $15.3 billion in a single day to $346 billion.
Tesla Stock Tanks Over 7% After Elon Musk Announces Plan to Form a New Political Party
Tesla shares fell over 7% in early Monday trading, days after CEO Elon Musk said he was forming a new political party.
California Man Steals $100K From Mother to Invest in Bitcoin: What are Her Options?
A California man with access to his retired parents' financial accounts transferred $100,000 from his mother's account without her knowledge to invest in bitcoin and gave them used cars in return.
Warren Buffett Donates 9.4M Berkshire Shares to the Gates Trust Despite Rumoured Rift With Bill Gates
Buffett converted 8,239 class A shares of Berkshire Hathaway into 12.35 million class B shares out of which, 9.4 million were given away to the Gates Foundation while the remaining were donated to family foundations.
Mark Cuban's Tips on Selling Businesses Helped Robert Herjavec Make a Fortune on His Cybersecurity Deal
Robert Herjavec followed Mark Cuban's advice on selling businesses to postpone a $100 million sale in 2021, which enabled him to close the deal four years later at a significantly higher price.
Virginia Man Wins Jawdropping $384M Jackpot: Should He Take the Lump Sum or Annual Payout?
A person from Virginia won the $348 million Mega Millions jackpot, but can receive only $155.5 million if he chooses the one-time lump-sum payout option.
47-Year-Old Generated 7-Figure Net Worth Simply By Investing In This One Stock Since 2020
Étienne Breton aggressively bought the Palantir stock since 2020. He now owns close to 20,000 shares worth over $2.5 million.