A fund manager who oversees assets worth close to $2 billion told CNBC that the European defense bull run may soon begin to cool off as valuations hit “extreme” levels. Speaking to CNBC’s “Europe Early Edition” on Monday, London-based Stephen Yiu, who manages the £1.4 billion ($1.9 billion) Blue Whale Growth Fund , said he…
A U.S. Justice Department logo or seal showing Justice Department headquarters, known as “Main Justice,” is seen behind the podium in the Department’s headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023. Kevin Lamarque | Reuters Federal prosecutors have charged two men in connection with a sprawling cryptocurrency…
Alphabet’s shares were down in premarket trading on Tuesday after the company beat Wall Street’s expectations on earnings and revenue, with AI spending projected to increase hugely this year. The Google parent shed 2.6% in premarket as of 6:09 a.m. ET, after closing nearly 2% lower on Wednesday. After the bell, Alphabet reported $113.83 billion…
Bayern Munich midfielder Jamal Musiala badly injured his left leg and was forced to leave his team’s match against Paris Saint-Germain on Saturday in the Club World Cup quarterfinals. Musiala was hurt late in the first half following a 50-50 challenge with PSG goalkeeper Gianluigi Donnarumma. The replay of the gruesome injury was not shown…
Get ready for the MLS 2027 “Sprint Season.” Major League Soccer will play a condensed three-month season before re-aligning its calendar to mirror European circuits such as England’s Premier League, Spain’s LaLiga, and Italy’s Serie A. The coming move to summer-to-spring schedule, which was approved last year, will require MLS — which has played winter…
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at…
After 60 years at the helm of Berkshire Hathaway, Warren Buffett stepped down as the holding company’s CEO at the end of 2025. Throughout his career, the business and investing icon routinely shared wisdom to help others build successful lives, from singing the praises of compound interest to offering a thought exercise for living without…
Piotr Swat | SOPA Images | Lightrocket | Getty Images Major health insurers appear to be off to an encouraging start this year — but a crucial test for the sector is still ahead. Solid first-quarter results have helped lift investor sentiment, even as insurers continue to grapple with higher medical costs. Companies including UnitedHealth,…
U.S. Treasurys spiked on Friday morning following a week of messy inflation data and as traders looked to price interest rate policy under the new Federal Reserve Chair Kevin Warsh. The yield on the 30-year bond jumped 8.6 basis points to yield just under 5.1%, around the highest since October 2023. The yield on the 10-year…
Sales of Tesla‘s flashy Cybertruck are a fraction of the more than 1 million reservations the company had a month before deliveries began rolling out in November 2023. So far, U.S. sales total just over 52,000 units, according to Cox Automotive. “It’s a really remarkable vehicle,” said Sean Tucker, executive editor of Cox Automotive. “I…
