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Monthly Archives: March 2023

David Einhorn says investors should be ‘bearish on stocks and bullish on inflation’

Greenlight Capital’s David Einhorn said Wednesday he’s keeping his negative stance on the stock market as inflation and interest rates could shoot higher. “I think we should be bearish on stocks and bullish on inflation,” Einhorn said on CNBC’s “Halftime Report.” “I think we’re in a policy now, which is …

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GOP opposition has ties to Trump allies, wealthy donors

A protester holds a sign during a youth climate strike outside of the BlackRock offices on December 06, 2019 in San Francisco, California. Justin Sullivan | Getty Images A group of Republican state financial officers gathered last February at a Hyatt hotel in downtown New Orleans to take aim at …

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Biden loan forgiveness plan chances

U.S. Solicitor General Elizabeth Prelogar Artist: Bill Hennessey The government’s top Supreme Court lawyer may have saved President Joe Biden’s $400 billion student loan forgiveness plan from what experts considered all-but-certain defeat. Experts lobbed praise on Solicitor General Elizabeth Prelogar, the lawyer who represented the Biden administration in front of …

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Mutual fund red flags to watch out for

It’s no secret that investing and personal finance experts are prone to jargon. Get them talking about mutual funds and you’ll soon be in the land of alpha, beta, downside capture and standard deviation. Occasionally, though, things skew in the other direction. Take a recent tweet from Christine Benz, director …

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Is college worth it? What the research shows

Ben Kirkhoff, a high school senior at Cretin-Derham Hall in St. Paul, Minnesota, knows that a four-year college degree isn’t for him. Even though his parents have a college savings account for him, he said money is still a factor. “I don’t want to put myself and my family in a …

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Kazakhstan must pursue oil export options outside of Russia: Investor

Bill Ross | The Image Bank | Getty Images Kazakhstan’s ability to diversify its seaborne crude oil export routes away from Russian territory is critical to the country’s economy, the developer of an alternative port told CNBC. “I believe it’s less political, more existential question, and we hope that also …

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TikTok’s potential ban in U.S. could be boon for Meta and Snap

Canada bans TikTok from federal government devices. Jonathan Raa | Nurphoto | Getty Images Investors in Meta, Snap and other U.S. digital media companies have been looking for signs of a rebound after a tumultuous 2022. They got some unexpectedly optimistic news this week. The U.S. House Foreign Affairs Committee …

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The rise of ChatGPT is a chance to establish Qualcomm as an A.I. company: CEO

The explosive popularity of ChatGPT is an opportunity to show off the capabilities of artificial intelligence on smartphones, according to chip company Qualcomm‘s chief executive. “This is the milestone we’ve been waiting for to establish Qualcomm as an AI company,” Cristiano Amon told CNBC at the Mobile World Congress in …

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Fraud cost consumers $8.8 billion in 2022

Goc | Istock | Getty Images Scammers are making more money per episode of fraud, new government data suggests. While the number of fraud reports recorded through the Federal Trade Commission’s database fell to 2.4 million in 2022 from 2.9 million, the aggregate loss from those instances reached nearly $8.8 …

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Elliott nominates slate of directors to Salesforce board, sources say

The Salesforce West office building in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Activist investor Elliott Management has nominated a slate of directors for Salesforce‘s board, sources told CNBC’s David Faber Wednesday. The nominating window closes March 14, and it is unclear …

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