Veteran investor Howard Marks said he doesn’t see a widespread problem brewing in private credit, but warned that the sector’s rapid expansion over the past 15 years could expose weaker lenders when markets eventually turn. “There’s not a systemic problem with private credit,” Marks, co-chairman and co-founder of Oaktree Capital, said Thursday on CNBC’s “Money…
Are software stocks in the clear now? Software stocks are rallying this week, with the iShares Expanded Tech-Software Sector ETF (IGV) advancing almost 8% through early Thursday trading, even as the broader market was caught up with fear around the U.S.-Iran war. The S & P 500 is on its way to a losing week….
OpenAI CEO Sam Altman took subtle swipes at rival Anthropic on Thursday and said he thinks it’s “bad for society” if companies start abandoning their commitment to the democratic process because “some people don’t like the person or people currently in charge.” “The government is supposed to be more powerful than private companies,” Altman said…
U.S. President Donald Trump and New York Attorney General Letitia James. Brian Snyder | David Dee Delgado | Reuters New York Attorney General Letitia James and the top prosecutors of 23 other states are once again suing to block President Donald Trump’s global tariff regime, just days after a landmark Supreme Court decision struck down…
Jakub Porzycki | Nurphoto | Getty Images The Department of Justice, which has been criticized for withholding files about Jeffrey Epstein from the public, plans to release a new batch of documents related to the notorious sex offender “fairly soon,” MS Now reported Thursday, citing a person familiar with the matter. The development comes a…
Victoria’s Secret store in New York. Scott Mlyn | CNBC Victoria’s Secret topped expectations during its holiday quarter and forecasted a better-than-expected year for sales growth on Thursday as CEO Hillary Super’s turnaround plan continues to resonate with shoppers. The legacy bra and underwear company beat Wall Street’s expectations on both the top and bottom…
Check out the companies making the biggest moves in premarket trading: BJ’s Wholesale Club — The warehouse giant shed 4.5% after its full-year guidance fell short of expectations. BJ’s Wholesale anticipates adjusted earnings between $4.40 per share and $4.60 per share, versus the $4.66 a share consensus estimate, per FactSet. Its fourth-quarter earnings and revenue,…
Stocks have so far weathered the volatility from the U.S.-Iran war, yet there’s one level they need to clear that will signal investors have already moved on. The S & P 500 climbed 0.8% on Wednesday as geopolitical worries appeared to ease. That gain came one day after the benchmark reversed course on Tuesday and…
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 Iran war has shaken Dubai’s status as a global wealth hub, as legions of expatriates scramble to escape and family…
Berkshire Hathaway CEO Greg Abel said he still speaks with Warren Buffett nearly every day, underscoring the continued presence of the legendary investor at the sprawling conglomerate, even after handing over the top job at the start of the year. Buffett, who stepped down as CEO after more than six decades at the helm, remains…
