As bond yields rally to multi-year highs, investors may want remember Warren Buffett’sremarks on the importance of interest rates for valuing investments. In a 2017 interview video clip found using CNBC’s Warren Buffett Archive, the investor explained why rates matter so much for stock investors. “The most important item over time in valuation is obviously […]
Read moreThe London Metal Exchange will begin offering contracts in metals used in batteries within 18 months to capture the huge opportunities created by the rise of the electric car, according to its chief. Demand for metals including lithium, cobalt, nickel, graphite and manganese has surged with the growth in electric vehicles, particularly in China, which […]
Read moreYouTube’s move to create its own streaming music service — despite a competitive product from its own company through Google Play Music — might not be as big of a headscratcher as one might at first think. The company announced on Thursday it will launch YouTube Premium, which will not have ads, on May 22 […]
Read moreAmazon founder and CEO Jeff Bezos is currently worth almost $132 billion, according to Forbes, making him the richest man in the world. Part of the journey to becoming extraordinarily successful, says Bezos, was standing firm in his convictions even when others doubted him. “One thing that I tell people is … if you’re going […]
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A closely-followed basket of energy stocks hit a nearly 3-year high on Thursday and could keep rising despite long-term market trends. The Energy Select Sector SPDR exchange-traded fund — better known by its ticker symbol XLE — rose as high as $78.83 on Wednesday. At that level, its trading at its highest since June 3, […]
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Read moreData from the computer brain of a Tesla Model S that crashed in Utah last week confirms that the $100,000 sedan was in Autopilot mode, police in South Jordan said Wednesday. Information recovered by Tesla engineers and shared with South Jordan police confirms many of the details the driver, a 28-year-old woman from Lehi, Utah, […]
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As the greenback soars to its highest levels of the year, one trader sees a couple of market areas that could ride the currency’s coattails. “I think we have to go with the ones that have been outperforming so far,” said Frank Cappelleri, senior equity trader at Instinet, Wedsday on CNBC’s “Trading Nation.” The IWM […]
Read moreShares of online learning company Pluralsight began trading on the Nasdaq at an opening price of $20 per share Thursday, roughly 34 percent above the $15 price at which Pluralsight priced shares in its initial public offering. The arrival of Pluralsight on public markets suggests that public investors are still eager to invest in smaller […]
Read moreOn May 16th Callum Williams, our Britain economics correspondent, was named joint winner of the Young Financial Journalist of the Year at the Wincott Awards, an annual set of prizes for British journalists. Latest stories Surging numbers of Chinese people going abroad should be welcomed Step inside a gay bar for a “RuPaul’s Drag Race” […]
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