BlackRock came into 2026 with a clear investment plan built around three pillars: artificial intelligence, income, and diversification. Jay Jacobs, BlackRock's head of equity exchange-traded funds, laid out ways in which ETFs fit into the shifting market bets from the world's largest asset manager, which oversees more than $13 trillion...
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California’s controversial wealth tax proposal leaves billionaires with little way out
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.The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to...
Stellantis scraps Jeep, Chrysler plug-in hybrid vehicles amid EV slowdown, recall
The Camp Jeep outdoor terrain at the New York International Auto Shown on April 16, 2025. Danielle DeVries | CNBCDETROIT — Stellantis is scrapping its plug-in hybrid electric Jeep SUVs and Chrysler minivan amid slowing EV sales, quality issues and weakened federal fuel economy requirements. The automaker on Friday said...
Retail traders had one of their best years ever in 2025. Here’s what they’re buying now
Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas.Cooper Neill | ReutersFresh off a bumper 2025, retail investors are rushing back into the market with a focus on energy stocks.Everyday traders bought at the second-highest level in almost eight months at the start of 2026's trading year,...
Trump revealed some of Friday’s jobs data early in post the prior day
President Donald Trump in a social media post Thursday evening indirectly revealed data from Friday's market-moving nonfarm payrolls count, an apparent violation of long-standing federal policy on statistical releases.In a Truth Social post around 9 p.m. ET, the president indicated that private sector payrolls had expanded by 654,000 for the...