Meta Platform's AI efforts are looking like the recipe for a comeback after an almost year-long drought in shares of the $1.7 trillion market-cap company.Shares of Mark Zuckerberg's social media giant jumped more than 6% Friday to the highest level since April, extending gains that began earlier this month when...
Category: Investing
Iran conflict flare-up awakens bears in airline stocks, but there’s one big catch
President Donald Trump's declaration that a ceasefire with Iran is over has traders betting on gains in crude oil and losses in airline stocks.There's just one big catch: airline stocks are up since the war began.The U.S. Global Jets ETF is down 4% Wednesday, extending a two-day decline after challenging...
Most prediction market contracts have low volume, leaving users exposed to volatility and bots
Kalshi and Polymarket.Gabby Jones | Bloomberg | Martin Lelievre | Getty ImagesVolume has exploded on prediction market platform Polymarket since its launch, with notable surges during the 2024 election and last fall. Yet the majority of closed individual markets on the site never surpassed $10,000 in reported volume.A CNBC analysis...
Prolific tech analyst Dan Ives is exiting Wedbush for a new venture
Dan Ives, Wedbush Securities analyst.Scott Mlyn | CNBCDan Ives, one of Wall Street's most recognizable technology analysts, is leaving his longtime role at Wedbush Securities to launch a merchant bank aimed at combining research, advisory, capital raising and investing under one roof.Ives, who has spent the past eight years at...
This insurance stock is on an impressive run. How to ride the momentum with less risk
MetLife (MET) is well-positioned in the life insurance and benefits sector, exhibiting fundamental momentum that the broader market hasn't fully priced in. Backed by scale, brand equity, and an experienced leadership team, MetLife is firing on all cylinders.Premium & Sales Growth: In Q1, MetLife's core premiums and fees grew 10%,...