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Energy exchange-traded funds (ETFs) invest primarily in stocks of natural gas, oil, and alternative energy companies. The securities within an energy ETF’s portfolio include major companies such as Enbridge Inc. (ENB), as well as smaller, fast-growing companies in the sector such as SunPower Corp. (SPWR). Because energy ETFs cover a wide variety of businesses, regions,

In this article ETH.CM= BTC.CM= Global investor Mark Mobius on Wednesday called cryptocurrencies a religion, joining a chorus of digital coin skeptics at a time when bitcoin and ether are trading near all-time highs. “It’s a not an investment it’s a religion,” the founder of Mobius Capital Partners said on “Squawk Box.” “People should not

In this article CAR A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015. Luke Sharrett | Bloomberg | Getty Images Car rental stock Avis Budget surged Tuesday after the company reported a stronger-than-expected third quarter that sparked massive trading

Mortgage rates backed down Monday, building a yo-yo pattern over the past week-plus that sits a bit below recent highs, when averages came close to their most expensive levels of the calendar year. Today’s National Mortgage Rate Averages After rising Friday, the only day last week that rates saw an upswing, mortgage averages fell back

In this article AMZN A rendering of ABL Space’s RS1 rocket launching Project Kuiper satellites for Amazon. Amazon Amazon aims to launch its first Project Kuiper internet satellites in the fourth quarter of 2022, the company announced on Monday. The technology giant filed a request with the Federal Communications Commission to launch and operate its

In this article TSLA CNBC’s Jim Cramer expressed wonderment Monday at the continued strength in Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months. “Tesla is actually a phenomenon we have to talk about,” Cramer said on “Squawk on the Street,” before the opening bell on

Investors seeking exposure to the Hong Kong stock market might consider exchange-traded funds (ETFs). Historically, Hong Kong has thrived as a global financial center and capitalist economy, and it largely has continued to do so since it became a semi-autonomous region of China in 1997. But during the past two years, Hong Kong’s democratic government

Barry Silbert, Founder and CEO, Digital Currency Group  David A. Grogan | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values the crypto conglomerate at more than $10 billion.  The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling

In this article BRK.A Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Charlie Munger’s architectural design for a new, large dormitory at the University of California, Santa Barbara is getting attention after an architect on the school’s Design Review Committee quit because he thinks it

Suppose you’ve contributed the allowable maximum to your Roth IRA for the year but still have money left over to stash away for retirement. That’s a problem a lot of people probably wish they had. And never fear—there are plenty of other good places to put your money. While it’s hard to top the tax-deferred

Strauss Zelnick, CEO of Take Two Interactive. Adam Jeffery | CNBC The third-quarter earnings season has come with plenty of stunning beats — and a few notable disappointments. Investors now face a daunting question: Which companies will carry their success into subsequent quarters? For instance, Tesla has been leading the pack on the green tidal

In this article CFX thianchai sitthikongsak | Moment | Getty Images Company: Colfax Corp. (CFX) Business: Colfax is a global diversified technology company. The company operates in two segments: (i) Fabrication Technology: consumable products and equipment, including cutting, joining, and automated welding products, as well as gas control equipment; and (ii) Medical Technology: medical device

The deposit multiplier, or simple deposit multiplier, refers to the amount of cash that a bank must keep on hand in order to meet the reserve requirement. The maximum amount of checkable deposits, or deposits in demand deposit accounts against which checks may be written, a bank creates through loaning money cannot exceed the amount

In this article GS Rafael Henrique | SOPA Images | LightRocket | Getty Images Goldman Sachs has begun giving its institutional trading clients research reports from crypto news and data firm The Block. Hedge funds and other clients began receiving the reports on Thursday via the investment bank’s Marquee digital platform, according to an email

In this article GME A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Carlo Allegri | Reuters One of the GameStop‘s newly hired top executives stepped down this week as the video game retailer continues its digital transition. Chief operating officer Jenna Owens has

Japan has experienced a period of deflation and low economic growth since its economic bubble burst in the early 1990s. The second Shinzo Abe administration, which took office in 2012, used the three pillars of “Abenomics” to try to revive the economy. These three pillars include an aggressive monetary policy, a flexible fiscal policy, and

In this article AAPL Halfway through third-quarter earnings season, and there are two key catalysts:  Demand is strong. Cost inflation and supply-chain issues are the main headwind, but companies are learning to navigate through them.  In some cases, supply chain disruption has taken a serious toll. Apple CEO Tim Cook said supply chain issues had cost

Located far away from the hustle and bustle of many of the busiest cities of the world, the Caribbean region is known as one of the world’s top vacation destinations. With as many as 43.7 million residents as of 2021 and more than 7,000 individual islands (plus 13 sovereign states and 12 dependencies), the Caribbean

As of 2021, there are reportedly 2,755 billionaires on Earth, with an estimated total net worth of $13.1 trillion. Of this amount, the top 10 wealthiest people in the world account for $1,153 billion, or roughly 8.8%, which is impressive when you consider that they represent around 0.36% of billionaires. Below are the 10 individuals

In this article TSLA Major Tesla investor Ron Baron told CNBC on Wednesday that he’s made $6 billion on his investment into the electric automaker and plans to remain a shareholder for at least another ten years. At more than $1,000 as of Wednesday, Baron’s namesake investment firm, Baron Capital, holds almost 6 million Tesla