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Family offices are about to surpass hedge funds, with .4 trillion in assets by 2030

Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030

Business News

Colleagues working together in the office. Aja Koska | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are expected to add more than $2 trillion […]

Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030 Read More »

Here’s where American Airlines is adding flights to Europe in summer 2025

Here’s where American Airlines is adding flights to Europe in summer 2025

Business News

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023.  JanValls | Nurphoto | Getty Images As social media feeds make their seasonal shift from the Parthenon to pumpkin patches, airlines are busy preparing for the 2025 Europe travel season, a bet that strong demand for international

Here’s where American Airlines is adding flights to Europe in summer 2025 Read More »

Nvidia shares down 4.6% in premarket trade despite market-beating earnings

Nvidia shares down 4.6% in premarket trade despite market-beating earnings

Finance News

NVIDIA’s founder and CEO Jensen Huang delivers a keynote address on the latest innovations in AI, during a developers conference at the SAP Center in San Jose, California, on March 18, 2024.  Josh Edelson | AFP | Getty Images Nvidia shares fell 4.63% in U.S. premarket trade on Thursday, as the company’s fiscal second-quarter gross

Nvidia shares down 4.6% in premarket trade despite market-beating earnings Read More »

Bitcoin overnight sell-off takes it below ,000 before stabilizing

Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000

Finance News

Cryptocurrencies fell Tuesday evening as Asia futures pointed lower, triggering a wave of liquidations on the Bybit exchange. The price of bitcoin was last lower by 6.2% at $59,504.68, according to Coin Metrics. Ether tumbled more than 8% to $2,457.61. “Crypto markets moved down sharply, triggering a leverage driven liquidation,” said Steven Lubka, head of

Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000 Read More »

Hindenburg takes aim at AI server maker Super Micro with short position

Hindenburg takes aim at AI server maker Super Micro with short position

Finance News

The logos of Super Micro Computer are pictured at one of the world’s largest computer and technology trade shows. Ann Wang | Reuters Hindenburg Research on Tuesday disclosed a short position in Super Micro Computer and alleged “accounting manipulation” at the AI server maker, the latest by the short seller whose reports have rocked several

Hindenburg takes aim at AI server maker Super Micro with short position Read More »

How China became the leading car supplier to Mexico and what it means for the U.S.

How China became the leading car supplier to Mexico and what it means for the U.S.

Technology News

Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their high-tech cars. But as Mexico has emerged as a hot spot for Chinese EVs, Washington officials worry the country may be used as a “backdoor” to the U.S. market.   Last year, China was the leading car supplier to Mexico,

How China became the leading car supplier to Mexico and what it means for the U.S. Read More »

Cava earnings beat estimates as restaurant traffic climbs nearly 10%

Cava earnings beat estimates as restaurant traffic climbs nearly 10%

Business News

Customers arrive at a Cava restaurant in New York City, U.S., June 22, 2023.  Brendan Mcdermid | Reuters Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue. Shares of the company rose 7% in extended trading. The stock has more than doubled its value this

Cava earnings beat estimates as restaurant traffic climbs nearly 10% Read More »

Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59

Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59

Finance News

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy’s value in an $11.7 billion sale to tech giant Hewlett Packard. Chris Ratcliffe | Bloomberg | Getty Images LONDON — British technology entrepreneur

Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59 Read More »

China’s self-driving startup WeRide delays U.S. IPO as deadline looms

China’s self-driving startup WeRide delays U.S. IPO as deadline looms

Finance News

In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen. Getty Images Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents. “Updating transaction documents is currently taking longer than expected,

China’s self-driving startup WeRide delays U.S. IPO as deadline looms Read More »

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