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Fund manager weighs in on reignited meme stock frenzy as GameStop soars
Fund manager Cole Smead has described the meme stock craze as "frankly stupid," as day traders once again pile into GameStop and AMC."It is gambling," he said Tuesday on CNBC's "Street Signs Europe." Smead is the CEO of Smead Capital…
Bronze bust of the late Charlie Munger wowed crowd in Omaha at Berkshire
Artist Yu Shu creates sculptures of Charlie Munger. Courtesy: Yu ShuOMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the late Charlie Munger became a conversation piece for guests who lodged at the Omaha Marriott last weekend for…
BNB Chain DEX volume surges – Examining what it means for BNB’s price
The increase showed that attention was shifting back to the chain.
BNB’s price might fall to $580 despite the rise in TVL.
For the first time since the 2nd of May, BNB Chain’s DEX trading volume climbed higher than $700 million. This…
The rule capping credit card late fees at $8 is on hold — here’s what it
Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec. 15, 2022.Ting Shen | Bloomberg | Getty ImagesThe U.S. banking…
PEPE price analysis reveals 30% gains incoming despite this key finding
PEPE had bullish momentum and price structure on the charts
On-chain metrics continued to flash a buy signal too
PEPE has been performing well on the charts, even as the rest of the market fought to defend support levels or sank into…
Stocks making the biggest moves after hours: ABNB, HOOD, ARM, EQIX
A key is seen in front of a computer screen displaying the Airbnb logo in Ankara, Turkey, on Nov. 22, 2023.Dilara Irem Sancar | Anadolu | Getty ImagesCheck out the companies making headlines in extended trading:Airbnb — The hoteling…
All the market-moving Wall Street chatter from Wednesday
(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A closely watched electric vehicle maker and a cloud software company were among the…
Citigroup CEO Jane Fraser says low-income consumers are more cautious
Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans.Fraser, who leads one of the largest U.S. credit card issuers, said she is seeing a…
U.S. Bitcoin ETFs: ‘Good’ for crypto or not? Analyst weighs in
U.S. Bitcoin ETFs elicited mixed signals on the crypto regulatory front.
Apart from BTC, most of the crypto projects faced regulatory uncertainty.
The U.S. spot Bitcoin ETF approval in January continues to elicit mixed feelings…
‘We lost quite a bit of money’
OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway's entire Paramount stake at a loss."I was 100% responsible for the Paramount decision," Buffett said at Berkshire's annual shareholder meeting. "It was 100% my…