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Monthly Archives: December 2023

Trailer park caretaker surprises hometown with $3.8 million gift

In the small town of Hinsdale, New Hampshire, people knew Geoffrey Holt as the unassuming caretaker of the mobile home park where he lived. What they didn’t know was that he was a multimillionaire — and he donated the entirety of his $3.8 million fortune to the 4,000-person community after …

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How criticism motivated Blue Ivy Carter to ‘work harder’

When Blue Ivy Carter made her on-stage performance debut during her mother Beyoncé’s Renaissance World Tour in May, the accomplishment didn’t come without controversy. “There [were] lots of negative things that people had to say,” Carter, 11, said during “Renaissance: A Film by Beyoncé,” a documentary and concert film released …

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Charlie Munger’s wisdom and irreverence: Investors mourn a legend

Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller As Charlie Munger’s admirers around the globe mourn the loss of one of the most influential investors ever, a deep sense of gratitude and appreciation has spread — for his unparalleled business acumen as well …

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Two Books to Keep You Company While You Wait

Dear readers, For reasons too tedious to type much less force you to read, I spent a lot of time last month in waiting rooms. In one of these rooms I began to ruminate (angrily) on a paradox of waiting, which is that in order to escape its misery you …

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Exxon Mobil CEO urges COP28 climate summit to focus on emissions

Dubai, UNITED ARAB EMIRATES — Exxon Mobil CEO Darren Woods on Saturday said the “problem statement” that countries need to focus on at the COP28 climate summit is reducing emissions, in contrast to calls for a collective commitment to phase out all fossil fuels. For many at the summit, which …

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Pay attention to Friday’s labor report

CNBC’s Jim Cramer on Friday laid out what he thinks investors should focus on in the coming week, pinpointing next week’s nonfarm payroll report, which measures unemployment and wage inflation. The labor figures could indicate whether interest rates will stay low, he said. And with rates on the decline, Cramer …

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Zero-day commodity options have now entered the ETF space

Investors can now trade commodities and a Treasury with a popular short-term options strategy. The Nasdaq recently launched five zero-day options-based exchange-traded funds: United States Oil Fund (USO), United States Natural Gas Fund (UNG), SPDR Gold Shares (GLD), iShares Silver Trust (SLV) and iShares 20+ year Treasury Bond ETF (TLT). …

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Uber shares pop on inclusion in S&P 500

Dara Khosrowshahi, CEO of Uber, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.  Adam Galica | CNBC Uber shares rose 5% in extended trading on Friday after the ride-hailing company was added to the S&P 500 Index, replacing Sealed Air Corp. The change will …

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Money market funds may deliver a surprise tax bill amid higher yields

If you funneled cash into money market mutual funds in 2023 amid rising interest rates, you may have a surprise tax bill in April, experts say. Investors and institutions have piled $5.84 trillion into money market mutual funds, as of Nov. 29, according to the Investment Company Institute, and many …

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Amazon buys SpaceX rocket launches for Kuiper satellite internet project

A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California. SpaceX Amazon bought three rocket launches from SpaceX for its Project Kuiper internet satellites, the tech giant announced on Friday. The move is a surprise from Amazon, given the company’s Kuiper …

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