The AI boom and success of Nvidia, now the U.S. market's largest stock, have made the semiconductor sector one of the most closely watched corners of the market. Nvidia's rise to a market cap over $4 trillion has led to concerns about the S&P 500's concentration in a handful of...
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Oracle’s Larry Ellison made his $365 billion fortune by breaking every rule of wealth management
A version of this article 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.Larry Ellison built the world's second-largest fortune by holding on to his Oracle shares over nearly five decades of ups...
Comcast spinoff Versant reports declining annual profit as it prepares to go public
Versant, Comcast's spinoff of the majority of its NBCUniversal cable network portfolio, is gearing up to go public.The new entity will trade on the Nasdaq under the ticker "VSNT" after the separation, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors also became privy to...
David Tepper says Fed could cut a few more times, but easing too much risks entering ‘danger territory’
Hedge fund billionaire David Tepper said the Federal Reserve could cut rates a bit more, but then risks more inflation and other dangers to the economy and markets if the central bank goes further than that.In other words, be careful what you wish for."If they go too much more on interest...
Hassett says Fed made ‘prudent call,’ signaling White House OK with quarter-point cut
The Federal Reserve's decision to cut its key borrowing rate by a quarter percentage point seems to be sitting well with the White House, if National Economic Council Director Kevin Hassett is any indication.In a CNBC interview Thursday, the day after the Fed's move, Hassett noted that the administration, and...