BlackRock is applying hedge fund strategies to its exchange-traded fund business. Jeffrey Rosenberg, the firm’s senior portfolio manager on the systemic fixed income team, has a leading role in the firm’s liquid alternatives ETFs — which use a long-short strategy in ETF wrappers. He contends the strategy provides valuable diversification amid the recent breakdown in…
Scott Bessent, Treasury Secretary (L), and Jerome Powell, chairman of the US Federal Reserve. Getty Images Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with major U.S. bank CEOs this week to discuss the possible cyber risks raised by Anthropic’s Mythos model, CNBC confirmed Friday. The bank heads were already in Washington,…
TOKYO — TOKYO (AP) — Japanese Prime MinisterSanae Takaichi took a short — and happy — break on Friday as she hosted legendary British rock band Deep Purple in Tokyo as a longtime admirer. “Welcome to Japan … Uh-oh, I can’t believe Deep Purple are here,” Takaichi said as she walked into a guest room…
Stanford star guard Ebuka Okorie will enter the NBA Draft after leading the ACC in scoring as a freshman. Okorie developed from an under-the-radar recruit out of New Hampshire into one of the top freshmen in the country in his one season with the Cardinal under coach Kyle Smith. Okorie thanked Smith and the coaching…
Here are the biggest calls on Wall Street on Friday: Seaport upgrades Madison Square Garden Sports to buy from neutral Seaport says the owner or the knicks and ranger is too attractive to ignore. “While MSGS shares commenced a round of appreciation ahead of the start of the 2025-26 season we think the vast trading…
Vista House, a private home in Westlake, Georgia, sponsored by Vista Global during the Masters. Credit: VistaJet 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. Private jet companies are rolling out…
Congestion in Singapore’s waters is rising as the Iran war disrupts shipping routes, forcing vessels bound for the Middle East to drop anchor near its ports. Congestion in Singapore’s waters is rising as the Iran war disrupts shipping routes, forcing vessels bound for the Middle East to drop anchor near its ports. See how Singapore’s…
Check out the companies making the biggest moves premarket: Lumentum Holdings , Coherent — Lumentum shares jumped 5% after its CEO told Bloomberg that the optical and photonic producer’s products are booked through 2027, amid the artificial intelligence buildout. Shares of Coherent, another photonics company, were up 4%. Both companies have investments from Nvidia ….
Argentina will play its final tune-ups for the World Cup at the college football stadiums of Texas A&M and Auburn. Lionel Messi’s team will face Honduras on June 6 at the Aggies’ Kyle Field, which has a capacity of over 102,000 in College Station. Argentina will then play Iceland at Auburn’s Jordan-Hare Stadium on June…
Nike ‘s stock is still looking expensive despite the already steep slide this year, according to Piper Sandler. The investment firm downgraded Nike to neutral from overweight. It also lowered its price target on shares to $50 from $60. Nike shares have plunged 31% since the beginning of the year, fueled by expectations the sportswear…
