Big Tech's historic gains could be affecting your portfolio's makeup — especially if your goal is diversification.Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla."Those Mag Seven stocks...
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Mystery around top-ranked Rockefeller book grows as university publisher denies involvement
A print copy of "The 38 Letters from J.D. Rockefeller to his son: Perspective, Ideology and Wisdom" purchased on Amazon.CNBCThe mystery around a top-selling Amazon book attributed to John D. Rockefeller has grown to include a university publisher, which denies any involvement in the book despite being listed as its...
67 believed dead after American Airlines plane collides with Army helicopter
Search and rescue teams work near the Ronald Reagan Washington National Airport, in the aftermath of the collision of American Eagle flight 5342 and a Black Hawk helicopter that crashed into the Potomac River, in Arlington, Virginia, U.S., Jan. 30, 2025. Evelyn Hockstein | ReutersThere were no survivors after an American...
DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6, 2019.Adam Jeffery | CNBCDoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut for 2025 — two reductions at most — as the Federal Reserve patiently awaits incoming data to assess the state of the...
Nasdaq 100 celebrates 40 years: Is crypto the next big driver for gains?
The tech-driven Nasdaq 100 may be undergoing a historic shift as it turns 40 this week.According to Strategas Securities' Todd Sohn, cryptocurrency companies could fuel the next wave of gains."Bitcoin is to crypto as the QQQ … is to technology type stocks," the firm's exchange-traded fund and technical strategist told CNBC's "ETF Edge" this...