Using cash like a millionaire may not work for investors. Here’s why
Simpleimages | Moment | Getty Images Millionaires moved money out of stocks into cash and cash-like investments in the past year and may add to those allocations over the next…
Worth buying utilities enabling a clean energy future, Goldman says
Utility stocks are poised to capitalize on a clean energy future, according to Goldman Sachs. Utilities have lagged the market this year, with the Utilities Select Sector SPDR Fund down…
Euro zone enters recession after Germany, Ireland growth revision
The German economy entered a recession in the first quarter. Bloomberg | Bloomberg | Getty Images The euro zone entered a recession in the first quarter of this year, and…
Louisiana law would require parental permission to use social media
Momo Productions | Digitalvision | Getty Images Kids and teens under 18 years old in Louisiana may soon need their parents’ permission to sign up for online accounts, including for…
Jobless claims rise more than expected to highest since October 2021
First-time jobless claims rose sharply last week in a potential sign that the labor market is softening up after more than a year of interest rate hikes. Initial filings for…
CNN seeks new CEO, business strategy after Licht departure
Chris Licht, Chairman and CEO, CNN Worldwide, speaks onstage during the Warner Bros. Discovery Upfront 2023 at The Theater at Madison Square Garden on May 17, 2023 in New York…
Allen Institute teams up with AWS to build first-ever map of the brain
Amazon Web Services logo at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Just as the periodic table is foundational to chemistry and…
Lionel Messi chose the MLS and snubbed a move to Saudi Arabia
Messi on Wednesday announced he will sign for Major League Soccer side Inter Miami, choosing the United States as his next destination over a Barcelona reunion or blockbuster deal to…
Investors pull $790 million after SEC charges
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, Nov. 2, 2022. Zed Jameson | Bloomberg |…
Goldman Sachs’ three-month target for a lira plunge happened in three days
Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images The Turkish lira has extended…