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EV Startup Rivian Shares Jump Over 50% After $1 Billion Investment from Volkswagen
California-based Rivian will form a joint venture with Volkswagen and offer its electrical architecture expertise to expedite the development of a new-age, software-defined vehicle technology platform.
Hedge-fund Manager Says Nvidia Will Hit a $6 Trillion Valuation by Year-end
EMJ Capital founder Eric Jackson believes Nvidia shares are trading at a cheap valuation and will hit $250 by 2024-end as investors focus on Blackwell products and next year's earnings.
'It Is Super Frustrating': Accountant With $190K Yearly Salary Struggles with Debt and Budgeting
Preston from Dallas is frustrated with his outstanding debts and volatile monthly spending habits despite having the tools and resources to save more on his $190,000 annual pay.
Ohio Woman Wins $15M Lottery But Only Receives $5.4 Million - Are Cash Payouts Worth It?
Jeanne opted for the $7.5 million cashout option and paid 28% in state and federal taxes to take home $5.4 million. She also had the option to receive $600,000 annually for 25 years.
US Housing Affordability Crisis Won't Improve Until 2026 As Rates and Prices Remain Too High, Analysts Say
Home sales and construction declined in May. Homeowners who locked in at low mortgage rates before the US Fed's aggressive rate hikes have been unwilling to sell their homes.
Top Executive at GraniteShares Is Bullish on Cybersecurity, Recommends Four Stocks Held by The $5 Billion Investment Firm
The cybersecurity sector is poised for growth despite rising cybercrimes, geopolitical tensions and conflicts as governments and the private sector increasingly rely on the cloud for data storage and transfer.
Daughter Receives $20K From Parents To Pay For Her Wedding, Uses It For A House Down Payment Instead
Mike's daughter put the $20,000 into a home down payment before paying for the wedding herself with help from her fiancé. She is among many Americans who are marrying late and taking on more financial responsibilities.
12% Americans Don't Have Home Insurance: Why More Homeowners Don't Think The Rising Prices Are Worth It
Americans are increasingly dropping their homeowner insurance policies or falling behind on payments amid high living costs and rising coverage premiums.
Nvidia's Meteoric Rise Drove Shares of These Three Suppliers Over 30% Year-to-date
A high demand for semiconductor products that power AI-based services is leading Nvidia to diversify its chip foundry partners, benefitting leading chipmakers worldwide.
'I Thought I Could Trust Him': Woman Finds Out New Husband Hid $77K Credit Card Debt
Jim and Dana are 58 years old and have been married for five years. Jim's instinct to provide for the family at any cost has landed him deep in debt, which he kept a secret until now.
Steve Cohen's Point72 to Raise $1 Billion for Launching AI-focused Hedge Fund
Steve Cohen recently revealed he is bullish on AI and believes it can significantly improve productivity in companies across industries.
Nvidia, Uber, Porsche Invest In Toronto-Based Autonomous Trucking Startup, Waabi's $200 Million Funding Round
Waabi's oversubscribed funding round comes when the autonomous sector grapples with safety challenges and regulatory roadblocks.
Billionaire Warren Buffett Scoops Up Over 7 Million Shares Of This Oil Company In 2 Weeks
Occidental Petroleum's grand ambitions of low-carbon energy transition caught Warren Buffett's attention. Berkshire Hathaway holds almost 29% stake in the energy firm.
How English Willow From UK Forests Drive India's $12 Million Cricket Bat Industry
JS Wright & Sons has supplied processed English willow to India for nearly half a century, which are shaped into top-grade cricket bats, preferred by star players.
'Big Short' Investor Steve Eisman, Who Predicted '08 Market Crash, Says To Hold On To Apple Stocks
Steve Eisman believes that the demand for AI and infrastructure is pushing the economy to new heights, and Apple has a central role in it.
Charlie Javice: Entrepreneur Who Defrauded JPMorgan Of Millions Pleads Not Guilty, Out On $2M Bail
Charlie Javice was rapidly climbing the ladder of success with the mentality of "fake it till you make it" until JPMorgan unearthed a grand deception and decided to press charges against her.
How To Boost Your Credit Score Fast: Four Secrets Banks Don't Want You To Know
If you have a poor credit score or a thin credit profile, exploring avenues like becoming an authorised user or using a rent-reporting service can help.
Finance Expert Shares The Retirement Account To Diligently Contribute To For Unique Tax Breaks
Suze Orman believes a Roth IRA account offers a host of tax breaks on withdrawals in retirement or when passing the funds to heirs.
Billionaire Warren Buffett's Five-Step Approach to Investing in Value Stocks
Buffett targets companies with decent profit margins, low debt, less reliance on commodities, and those with long-term growth potential but trading below their intrinsic values.
From Car Valet to Millionaire Trader: Man Who Made $10M Shares 4 Funds He Invests Long-term
Right out of high school, Jack Kellogg learned about trading while working as a car valet. Despite losing money initially, he has netted millions in profits since 2020.
Top Warren Buffett-Backed Companies to Watch in 2024
Warren Buffett's Berkshire Hathaway invested heavily in Apple, Amazon, and Chubb in this new decade. A massive stake in Chubb was kept a secret until recently.
Analysts Share Diverging Views on Best Buy, Poised To Benefit From Demand For AI-powered Hardware
Best Buy's sales can get a boost from tech giants focusing on building and selling hardware that supports AI software amid rising demand, but electronics' susceptibility to softer sales remains.
Steve Cohen's Point72 Ups Stake in Boeing by Over 400% in Q1, Opens New Position in Broadcom
Boeing has trimmed delivery and production of its 737 Max fleet, while Broadcom's quarterly revenue jumped 34% YoY on high chip demand for AI data centres.
What Is the New Texas Stock Exchange (TXSE): Location and Everything You Need To Know
Financial giants are backing the launch of the Texas Stock Exchange, which aims to welcome companies frustrated with the complex disclosure, listing rules and associated costs at the NYSE and Nasdaq.
George Soros's Fund Sells Uber, Novo Nordisk in Q1 to Focus on AI, Construction, and Apparel Stocks
Soros Fund Management made several changes to its portfolio in Q1, increasing stakes in Alphabet, Nike, and D.R. Horton.
Billionaire Daniel Loeb's Third Point Boosts AI Holdings in Q1, Re-buys Alphabet After Selling Entire Stake
Daniel Loeb's fund increased holdings in Amazon and Meta while trimming exposure to Microsoft in Q1. It also bought 3 million Alphabet shares and opened a new position in Marvell Technology.
JPMorgan Forecast Over 85% Upside for Two Biopharma Stocks Targeting Obesity and Chronic Conditions
The two biopharma firms have developed drug candidates to treat autoimmune and pulmonary diseases. They have demonstrated good safety profiles and efficacy in various stages of clinical trials.
Bill Gates' McDonald's Gold Card Offers Free Food for Life, Few Non-billionaires Were Offered One in This Decade
McDonald's issues exclusive gold cards to individuals as a testament to their success in society. Bill Gates' gold card offers access to free meals worldwide.
Best Buy Sales Drop, JLL Posts 818% Net Income Growth in Q1 As HP Focuses on AI PCs
Best Buy preserves profit margins despite faltering demand, while JLL's revenues increased due to robust growth in advisory and property management verticals.
Debt Expert Challenges Single Mum's $10K Album Release Instead Of Clearing $17K Car Debt
A 40-year-old mom went into debt to become a pop star and was in denial of her money issues, child's future, and impulsive spending, believing her music career would take off one day.