Bitcoin climbs above $28,000, hitting highest level since mid-August
The logo for Bitcoin on a screen in Hong Kong, China, on Wednesday, May 24, 2023.Paul Yeung | Bloomberg | Getty ImagesCrypto prices rallied on Monday, pushing bitcoin to its…
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Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations
World's top luxury group LVMH head Bernard Arnault presents the group's annual results 2022 in Paris on January 26, 2023.Stefano Rellandini | AFP | Getty ImagesBillionaire LVMH CEO…
Bill Ackman says the economy is starting to slow and the Fed is likely done hiking
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023.Adam Jeffery | CNBCPershing Square's Bill Ackman on…
Bill Ackman’s SPAC gets OK from the SEC and he’s ready for a deal: ‘please call me’
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023.Adam Jeffery | CNBCBillionaire investor Bill Ackman said…
Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.The third-largest U.S. bank by assets…
Bill Ackman believes the 10-year Treasury yield could approach 5% soon
Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation."I would not be shocked to…
Brad Gerstner says AI is going to be bigger than the internet, bigger than mobile
Brad Gerstner, Altimeter Founder & CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023.Adam Jeffery | CNBCAltimeter Capital Chair and CEO Brad Gerstner…
CEO of private credit giant Ares says his firm is benefitting from rising rates
With the S&P 500 on pace for its worst monthly performance since December of last year, investors are increasingly turning to alternative assets outside of equities and bonds…
Investors see 2023 gain as a bear market bounce and expect a recession next year, CNBC survey shows
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, September 26, 2023.Brendan McDermid | ReutersA majority of Wall Street investors didn't take…
Tokenizing real-world assets on blockchains is for crypto lovers as well as crypto skeptics now
Yuichiro Chino | Moment | Getty ImagesTokenizing real-world assets on a blockchain is one of the buzziest topics of the year, and this time it isn't just coming from financial…