The majority of active managers tracked by BofA have Nvidia positions — but the stock’s relative weighting in funds is still not aggressive, which could come as some relief.
A survey found that 68% of Gen Z and 55% of Silent Generation investors increased their positions in tech stocks in the third quarter.
A public subsidy for child care is necessary in order to lower expenses for American families and provide living wages to child-care workers, said Neel Kashkari, president of the Minneapolis Fed.
Crypto investors are closely watching the U.S. jobs report to be released on Friday and the ongoing geopolitical tensions in the Middle East to gauge the near-term direction of bitcoin.
A program to distribute environmentally friendly stoves in developing countries turned into a scheme to steal carbon credits and bilk investors, prosecutors said.
The health insurer has lost 24% in the week to data after it said the government is set to cut the rating on a large Medicare Advantage plan.
U.S. stocks have had a remarkable run during the first nine months of 2024 — and if the past is any guide, it will likely continue over the next three months.
The dockworkers’ strike could impact a number of names in the consumer-staples space, warns Bank of America.
Millions of Americans have exposure to private credit, which often outpaces stock-market returns but also poses risks.
The 30-year mortgage rate is averaging 6.12%, Freddie Mac said in its latest weekly survey on Thursday.
Warren Buffett has sold Bank of America for 12 straight days, for the third time in less than three months, but the prices he sold the stock shows that’s not a coincidence.
A crisis of unaffordability has held the housing market hostage. That situation is not likely to change anytime soon, according to Fannie Mae’s chief economist — and there’s one culprit.
Ares Management and Alibaba chair Joe Tsai are reportedly in talks to buy minority stakes in the team.
The service side of the economy grew in September at the fastest pace in a year and a half, a new survey found, signaling the U.S. is in no danger of recession.
Retailer plans to hold its “National Signing Day” event on Tuesday to recruit seasonal employees.
Orders for manufactured goods fell 0.2% in August after a strong gain in the prior month, the Commerce Department said Thursday. It is the third decline in orders in the past four months.
Constellation Brands’s stock fell Thursday, after the parent of Modelo and Corona beer brands beat adjusted profit expectations, but only after excluding a large non-cash loss booked for writing down the value of its wine and spirits business.
The U.S. Food and Drug Administration said Eli Lilly’s diabetes and weight-loss drugs marketed as Zepbound and Mounjaro are no longer in shortage signaling that the company has succeeded in expanding manufacturing.
Salesforce shares have lagged the S&P 500 this year but could be primed for bigger gains thanks to improved product positioning.
The number of Americans who applied for unemployment benefits last week rose slightly to a minuscule 225,000, affirming that layoffs remain surprisingly low even though many companies have pulled the plug on hiring.
