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Monthly Archives: May 2023

Several outperforming stocks have bucked macro trends

Investors should be wary of bearish strategists who opt for a macro view and instead focus on individual companies, CNBC’s Jim Cramer said Monday. “You always hear about missing the forest for the trees, but when you’re picking stocks, it’s just as important not to miss the trees for the …

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Singapore still investing big in tech talent despite layoffs

Demand for individuals with specialized tech talent isn’t limited to the tech sector, says Singapore’s Infocomm Media Development Authority. Jimmyfam | E+ | Getty Images Singapore hasn’t been spared the layoffs that have hit the global tech industry since 2022. Online marketplace Carousell cut 10% of its total headcount last …

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AI trade is leaving investors vulnerable to painful losses: Evercore

The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels. related investing news “The AI revolution is likely quite real, quite significant. But … these things unfold in waves. And, you get …

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Biden admin has forgiven $42B in student loan debt via PSLF

Since the Biden administration announced improvements to Public Service Loan Forgiveness (PSLF) and temporarily expanded forgiveness eligibility in October 2021, 615,000 public service workers have seen $42 billion in student debt erased, according to a Department of Education (ED) statement released Monday. PSLF allows federal student loan borrowers who go …

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I’m a 102-year-old doctor. Here’s the No. 1 thing the healthiest and happiest people I know never do

I turned 102 years old this year, and my decades of experience in holistic medicine has taught me a lot about how to live a long, happy and purposeful life. Too many people feed into unnecessary stress. But the happiest and healthiest people I know are able to let go …

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Orna Guralnik of ‘Couples Therapy’ and the risk of financial secrets

Orna Guralnik Source: Showtime Not long after I began working as a personal finance reporter at CNBC in 2018, I started psychoanalysis. The form of therapy had long intrigued me, with the intensity of its three sessions a week and its search for answers among our dreams and pasts. Because …

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Palantir earnings report, Q1 2023

Alex Karp, CEO of Palantir Technologies, speaks at the World Economic Forum, in Davos, Switzerland, Jan. 18, 2023. Arnd Wiegmann | Reuters Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts’ estimates and said it expects to be profitable …

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Elon Musk breaks ground on Tesla lithium refinery in Texas

Win Mcnamee | Getty Images News | Getty Images Tesla CEO Elon Musk joined Texas Governor Greg Abbott to break ground at the site of the electric vehicle maker’s new lithium refinery in Corpus Christi on Monday. Tesla plans to invest $375 million to build the facility on the Gulf …

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Stocks moving big after hours: LCID, PLTR, PYPL

People stand in front a banner displaying Palantir Technologies Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Lucid …

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Janet Yellen says default would be a castrophe

WASHINGTON — Failure to raise the U.S. debt ceiling would cause an “economic catastrophe,” Treasury Secretary Janet Yellen said Monday. “That is something that could produce financial chaos, it would drastically reduce the amount of spending and would mean that Social Security recipients and veterans and people counting on money …

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