A global wealth boom is fueling the creation of a record number of family offices. And that has come with a peculiar problem: imposters. Fundraisers and fraudsters are presenting themselves as family office representatives, seeking to dupe gullible investors — and then there are also imposters who are in it just for an “ego boost,” several industry veterans told CNBC. “Fake family offices have been growing exponentially,” said Ronald Diamond, who runs Diamond Wealth and a co-investment syndicate of more than 100 families. “Right now, the family office space is where all the money is. So everyone, every bank, every…
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Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015.Jim Spellman | WireImage | Getty ImagesMichael Burry, the investor made famous by “The Big Short” who recently roiled the market with a tech short bet, is accusing some of America’s largest technology companies of using aggressive accounting to pad their profits from the artificial intelligence boom.In a post on X Monday, the Scion Asset Management founder alleged that “hyperscalers” — the major cloud and AI infrastructure providers — are understating depreciation expenses by estimating that chips will…
Flashpop | Digitalvision | Getty ImagesDespite ongoing investor demand for exchange-traded funds, baby boomers appear to be bucking that trend, new research shows. Experts say there may be a good reason for it.Only 6% of surveyed baby boomers — those born 1948-1964 — say they plan to “significantly increase” their ETF investments in the next year, according to a new study from Charles Schwab. That compares with 32% of millennials — those born 1981-1996 — and 20% of Generation X, born 1965-1980.Boomers are also the generation least likely to say they are open to putting their entire portfolio in ETFs…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesThe private tech market has never been hotter, with companies like OpenAI, SpaceX, Anthropic and Stripe climbing to astronomical valuations.PitchBook, one of the top providers of data on startups, wants to make it easier for users to quickly access information on those companies and many others. On Monday, Pitchbook introduced an artificial intelligence-powered tool that provides market insights based on user prompts.Rather than having to find a company’s profile page and search for specific information, subscribers will be able to ask questions to the AI assistant, dubbed PitchBook Navigator, and get…
Russian President Vladimir Putin on October 15, 2025.Alexander Zemlianichenko | Afp | Getty ImagesRussia is looking to ramp up rare earths production but it’s late to the party and faces challenges along the way to establishing its position in the highly-lucrative global market, analysts say.Russian President Vladimir Putin last week ordered his officials to complete a road map by Dec.1 “for the long-term development of the extraction and production of rare and rare earth metals.”Moscow has fallen behind peers like China when it comes to the exploitation of its deposits of rare earth elements, which are mainly used to make…
Near-term supply chain pressures will cap gains for CoreWeave , according to JPMorgan. The bank downgraded CoreWeave, which provides infrastructure for artificial intelligence firms, to neutral from overweight. Analyst Mark Murphy also lowered his price target to $110 per share from $135, signaling just 4% upside ahead. Murphy’s downgrade followed CoreWeave’s third-quarter earnings release . While the company reported better-than-expected third-quarter revenue, its full-year revenue guidance came in below analysts’ expectations. CoreWeave shares tanked 10% in the premarket. CRWV YTD mountain CRWV YTD chart CoreWeave also said that one third-party data center developer is behind schedule. While CEO Mike Intrator…
Check out the companies making the biggest moves in premarket trading: Nvidia — The chipmaker slipped 1.8% after SoftBank disclosed it sold its entire stake in the company for $5.83 billion in October. CoreWeave — Shares sank nearly 8% after artificial-intelligence infrastructure company’s full-year guidance disappointed investors . CoreWeave expects revenue to come in between $5.05 billion and $5.15 billion, less than the $5.29 billion expected from analysts polled by LSEG. Paramount Skydance — The media stock jumped nearly 5% after the company reported earnings . The CBS parent announced plans to cut more costs and lay off additional employees,…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 10, 2025.Brendan McDermid | ReutersThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. The reopening tradeInvestors yesterday were pleased with the Senate’s approval of an agreement that could end the government shutdown. The three major indexes all surged in Monday’s session, regaining ground after posting sizable losses last week.Here’s what to know:The tech-heavy Nasdaq Composite saw its biggest one-day rally since May, signaling traders’ shift…
Huge swathes of cash are flowing from Japan to European tech startups as risk-averse investors favor a more mature entrepreneurial ecosystem, helping to scale the continent’s booming deep tech cluster.While the European startup and venture capital ecosystem has long operated in the shadow of Silicon Valley, it has become fertile ground for Japanese corporates, whose domestic market is younger. Japanese investors or venture capital funds who themselves have Japanese investors, known as limited partners, participated in European financing rounds worth more than 33 billion euros ($38 billion) since 2019 when a trade deal between the European Union and Japan came into…
Deutsche Bank is more bullish on eToro following its third-quarter earnings report. Analyst Brian Bedell upgraded the stock and crypto trading stock to buy from hold. He also lifted his target price to $45 from $44. Shares of eToro, which debuted on the Nasdaq in May, have slipped 27% since their IPO . Bedell’s updated forecast implies that the stock could rally 19% from Monday’s close. ETOR YTD mountain ETOR YTD chart Deutsche’s upgrade comes after eToro reported third-quarter earnings that beat expectations. The company also shared third-quarter net contribution and adjusted EBITDA that exceeded estimates. Bedell pointed out that…
