Retail traders tell BI they’re capitalizing on market volatility driven by Trump. Increased retail trading activity has led to record inflows and high sentiment scores. Investors are divided, with some cautious due to uncertainty and others seeking opportunities. John Richardson, a 68-year-old retiree from Michigan, feels like there’s a lot of money to be made…
Every few months, BI takes a look at what top investors are placing big bets on. We’ve compiled 9 stocks that these “whales” have at least 20% of their portfolios in. Data is from GuruFocus.com. Every few months, we take a look at what top investors — known in market-speak as “whales” — are placing big…
Several companies — including Walmart — have recently walked back or softened their DEI policies. But Sam’s Club CEO Chris Nicholas said “openness” and “connection” remain critically important. “We serve all of America,” he told BI. “That’s the definition of being inclusive.” Corporate DEI may be in retreat, but Sam’s Club CEO Chris Nicholas says…
Single adults are shifting from dating apps to social media to find partners. Instagram is now the top platform for meeting new people, according to data from Rizz. Rizz, an AI dating assistant, helps users craft replies and has half a million monthly active users. Single adults are fed up with dating apps. They might…
DeepSeek’s success has put Silicon Valley on edge about Chinese competition. After DeepSeek released its latest model, AI investors panicked. Meta’s chief AI scientist, Yann LeCun, said the market’s reaction to DeepSeek was “unjustified.” Silicon Valley is melting down over DeepSeek, an emerging Chinese competitor in AI, but Meta’s AI chief says the hysteria is…
The stock and bond markets pulled a sharp 180 this week. After prolonged sell-offs, both rallied on a renewed outlook for Fed rate cuts. A trifecta of events suggests the Fed can be more aggressive than previously thought. Stocks and bonds staged a major turnaround this week thanks to a perfect storm of factors that…
The government lost billions of dollars to fraud and improper payments last year. Both Musk and Ramaswamy have indicated they’ll crack down on fraud through DOGE. Some experts told BI they’re optimistic about action on fraud, but the DOGE leaders have to be willing to invest in the issue. Elon Musk and Vivek Ramaswamy have…
Jeff Bezos’ Gulfstream G650ER private jet is for sale for about $39 million. The 2015 jet is the oldest in Bezos’ fleet. He recently bought a new Gulfstream G700. Bezos and other celebrities have faced criticism for high carbon emissions from private jets. Billionaire Jeff Bezos appears to be selling one of his multimillion-dollar private…
Chinese cars are selling at record levels in Russia. Competition from European, Korean, and Japanese carmakers has vanished since Western sanctions were imposed on Russia. Chinese automakers face increasing tariffs in other regions. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking…
Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell. Powell said the Fed is in no hurry to cut rates, and reiterated the strength of the US economy. Traders also digested wholesale inflation data, which was in line with expectations. Thanks for signing up! Access your favorite topics in a personalized…