Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000."Get off zero," the Morgan Creek Capital Management CEO and chief investment officer told CNBC's "Fast Money" this week.Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. "Bitcoin...
Year: 2024
The wealth of the 1% just hit a record $44 trillion
Martin Puddy | Digitalvision | Getty ImagesA 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 wealth of the top 1% hit a record $44.6 trillion at the...
Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales
Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals.The home improvement retailer expects the acquisition to close this fiscal year, which ends...
Influencer Tori Dunlap is spurring women to maximize their savings and invest in the stock market
Sarah WolfeAs Tiffany Mane read a personal finance book during her train ride to work, a woman sitting near her acknowledged that she, too, knew of the author. Shortly after, several bystanders began inquiring into its contents.Mane was reading "Financial Feminist" by Tori Dunlap. The late 2022 release is one...
Key Fed inflation gauge rose 2.8% annually in February, as expected
Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer.The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis...