The Toronto Stock Exchange’s parent company has already completed a major deal this year: its acquisition of ETF education company VettaFi. According to TMX Group CEO John McKenzie, the deal helps expand its exchange-traded fund business globally. “The exchange-traded fund is essentially one of the most important innovations in investing in the marketplace history — … Read more
Bitcoin to the moon, SPACs on the rise, chatroom trading all the rage — it can feel like 2021 all over again. The Federal Reserve’s rate-cut signal in December triggered a furious rally to record highs, unleashing animal spirits that are fueling similar speculative activities from the depths of the pandemic. “The animal spirits are … Read more
Key Points Investor Ray Dalio believes the U.S. stock market is not in a speculative bubble. The founder of Bridgewate analyzed the market based on his bubble criteria. Billionaire investor Ray Dalio believes the U.S. stock market is not in a speculative bubble. The founder of Bridgewater, one of the world’s largest hedge funds, analyzed the … Read more
Check out the companies making headlines after the bell . Salesforce — Salesforce dropped 4% after providing weaker-than-expected guidance for the fiscal year. In the fourth quarter, the software company topped Wall Street’s fourth-quarter expectations on the top and bottom lines. The software giant increased its buyback by $10 billion and initiated a dividend of … Read more
In this photo illustration, the Webull Financial logo seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. The New York-based online brokerage … Read more
Watch out, Ivies, there’s a new endowment performer in town. Baylor University’s $2 billion endowment — a fraction of those in the Ivy League — generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Harvard’s endowment, the largest at $50.7 billion, returned 2.9%. What’s more, Baylor’s annualized return … Read more
Watch out, Ivies, there’s a new endowment performer in town. Baylor University’s $2 billion endowment — a fraction of those in the Ivy League — generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Harvard’s endowment, the largest at $50.7 billion, returned 2.9%. What’s more, Baylor’s annualized return … Read more
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 large language models such as … Read more
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Warren Buffett shared a heartfelt tribute to the late Charlie Munger, calling his business partner of 60 years the architect of today’s Berkshire Hathaway. In his must-read annual letter Saturday, the 93-year-old “Oracle of Omaha” … Read more
Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway‘s Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The Omaha-based … Read more