Chris Wattie | ReutersThe Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles.Gambles, co-founder and managing partner at MBMG Group, told CNBC's "Squawk Box Asia" the Fed was behind the curve on...
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Investors piled cash into money market mutual funds in 2023 and now could see a higher tax bill
JGI/Jamie GrillIf you funneled cash into money market mutual funds in 2023 amid rising interest rates, you may have a surprise tax bill in April, experts say.Investors and institutions have piled $5.84 trillion into money market mutual funds, as of Nov. 29, according to the Investment Company Institute, and many...
Amazon buys SpaceX rocket launches for Kuiper satellite internet project
A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California.SpaceXAmazon bought three rocket launches from SpaceX for its Project Kuiper internet satellites, the tech giant announced on Friday.The move is a surprise from Amazon, given the company's Kuiper system aims to...
Notable investor says ‘the top of growth stocks is coming.’ Here is where he sees opportunity
Ariel Investments chair and chief investment officer John Rogers Jr.Adam Jeffery | CNBCIt's time to look at value stocks as growth names will have a difficult 2024, according to Ariel Investments' John Rogers."I think the top of growth stocks is coming," Rogers told CNBC's Scott Wapner at the CNBC CFO...
Zero-day commodity options have now entered the ETF space
Investors can now trade commodities and a Treasury with a popular short-term options strategy.The Nasdaq recently launched five zero-day options-based exchange-traded funds: United States Oil Fund (USO), United States Natural Gas Fund (UNG), SPDR Gold Shares (GLD), iShares Silver Trust (SLV) and iShares 20+ year Treasury Bond ETF (TLT)."Zero-day to...