Tech bull Paul Meeks predicts another record year, but sounds the alarm on DoorDash and Airbnb
Long-time tech investor Paul Meeks expects 2021 to be another winning year for the Nasdaq. But Meeks, who’s known for running the world’s largest tech fund during the late 1990s, warns two popular names that went public this month won’t...
Existing home sales decline for the first time in 5 months as prices rise and supply falls
A house for sale on December 17, 2020 in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images After five consecutive months of gains, closed sales of existing homes turned lower in November. They fell 2.5% on a month-to-month...
Goldman Sachs, once reserved for the rich, is close to offering wealth management for the masses
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters Goldman Sachs has for decades set its sights on the global elite when it...
Covid relief bill offers 11 weeks of extra unemployment benefits, $300 boost and a supplement for some gig workers
Unemployed workers would get an extra 11 weeks of jobless benefits and a $300 weekly enhancement to aid payments as part of a Covid relief deal Congress reached Sunday. Certain self-employed and gig workers would also get an extra $100...
European stocks set to open lower amid jitters over new coronavirus strain
European markets are set to trade lower on Monday as investors monitor a fast-spreading new variant of the coronavirus strain that has shut down much of the U.K. Britain’s FTSE 100 was seen opening down by 75 points at 6,442,...
Pain, despair and poverty reach fever pitch for unemployed workers
Randy Chase, 57, does masonry work on construction crews. With unemployment benefits stalled since April and no savings left, he’s been living in his pickup truck outside of Denver since September, using an electric heater to keep warm. Randy Chase...
Elliott tries to turn around a decade-long laggard with new real estate investment
Signage stands on the building of a Public Storage facility in San Francisco, California, U.S., on Friday, April 21, 2017. David Paul Morris | Bloomberg | Getty Images Elliott Associates sees a runway beneath Public Storage, and is pushing the...
Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Shares of Tesla traded more than four...
Big investors new to cryptocurrencies appear to be behind bitcoin’s rally to a record
Stanley Druckenmiller (L) and Paul Tudor Jones CNBC A herd of new, big investors are scooping up bitcoin this year as the price more than doubles. Investors who bought at least 1,000 bitcoins — worth roughly $23 million at Friday’s...
Stock futures modestly lower after major averages close at record highs
U.S. stock index futures were modestly lower in overnight trading on Thursday, after the major averages closed at new highs. Futures contracts tied to the Dow Jones Industrial Average fell 44 points. S&P 500 futures declined 0.09%, while Nasdaq 100...