A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Wealthy individuals have been pouring into alternative assets in recent years, thanks in part to the explosion of evergreen funds, a certain type of fund specifically structured to allow for more liquidity. The catch is, the capital that goes into these funds often has to be spent right away, and that may be creating distortions in the markets. Think of this deployment structure as a gift…
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U.S. Senate Majority Leader John Thune (R-SD) holds a copy of the Continuing Appropriations and Extensions Act as he speaks next to House Speaker Mike Johnson (R-LA) during a press conference on the third day of a partial shutdown of the federal government at the U.S. Capitol in Washington, D.C., U.S. October 3, 2025. Jonathan Ernst | ReutersThe ongoing U.S. government shutdown is about to become the nation’s longest federal funding lapse ever.The shutdown is poised to hit that milestone on Wednesday, marking its 36th day and surpassing the previous record, which was set in early 2019.The latest attempt to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMoney MoversCNBC’s Contessa Brewer joins ‘Money Movers’ with details on Norwegian’s third quarters earnings, comments from its CEO, and much more.04:2229 minutes ago Source link
Scale AI CFO Dennis Cinelli.Courtesy of Scale AI.After Meta shocked the tech world in June by announcing plans to invest $14.3 billion in Scale AI, primarily as a way to hire the startup’s founder, Alexandr Wang, and a handful of his employees, the future of Scale was immediately thrown in doubt.OpenAI soon disclosed that it had been winding down its work with Scale, which prepares the data that artificial intelligence labs and big tech companies use to train their models. Companies including Google and Elon Musk’s xAI also paused work with Scale after the deal, according to multiple media reports. But…
These are some of the stocks posting the largest moves midday. Source link
Bank of America on Tuesday downgraded gambling stocks DraftKings and FanDuel owner Flutter Entertainment , warning that online sports betting faces a rocky road ahead as competition from prediction markets grows and regulatory uncertainty mounts. BofA cut its rating for DraftKings and Flutter from buy to hold and slashed its price targets for the stocks by 23% and 27%, respectively. The bank now has a price of $250 per share for Flutter, suggesting 8% upside from Monday’s close. It sees DraftKings hitting $35 per share, indicating about a 14% gain from current levels. Polymarket is poised to return to the…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks declined Tuesday after Palantir’s quarterly results and subsequent stock drop stoked valuation concerns about AI-related names. The S & P 500 was down nearly 1%, while the Nasdaq lost nearly 1.5%. The market move lower is nothing to be concerned about, Jim Cramer said. “So, what’s really happened? The answer is nothing.” Instead, he added, “There is just a concentrated group of people who believe that right now the market is overvalued.” 2.…
A flag hangs on campus at Harvard University in Cambridge, Massachusetts, U.S., September 4, 2025. Shannon Stapleton | ReutersTwo Massachusetts men have been arrested in connection with a weekend explosion at Harvard Medical School, authorities said Tuesday.The FBI’s Boston office announced the arrests on social media ahead of a 1 p.m. news conference. It didn’t provide further details.The explosion occurred early Saturday on the fourth floor of Harvard Medical School’s Goldenson Building. No one was injured. The building houses labs and offices associated with the school’s neurobiology department.Medical school officials said the explosion caused no structural damage and that all…
The recent wave of white-collar layoffs may have employees and job seekers rattled, but according to New York University Stern School of Business professor Robert Seamans, his current class of MBA students isn’t worried.”I don’t get a huge sense that they’re dreading the job market or that they think there are going to be dramatic changes,” Seamans told a gathering of technology executives at last week’s CNBC Technology Executive Council Summit in New York City. “These students have been in the job market already before coming back to school and they’re used to the ups and downs of being in…
At South Korea’s largest amusement park, crowds of people wait for hours to be a part of the “KPop Demon Hunters” craze.U.S. streaming giant Netflix, the distributor of the Sony Pictures Animation film, has collaborated with the Everland park outside of capital city Seoul to create a themed zone featuring whack-a-mole, dance games and snacks from the movie.It’s the latest iteration of the “KPop Demon Hunters” frenzy as the film takes Netflix by storm — and delivers a boost to the $10 billion K-pop music industry along with it.Netflix said in August that “KPop Demon Hunters” had become the most…
