Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that’s taking on OpenAI. One country that’s being left out: Saudi Arabia. As bankers line up a group of potential new Anthropic backers, the company has ruled out taking money from the Saudis, according to
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In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy
Martin-dm | E+ | Getty Images Millions of Americans are scrambling to file returns as the federal tax deadline approaches. But U.S. expatriates have extra filing rules — and the burden is making some expats question their American citizenship. Nearly one-third of U.S. expats have plans to renounce their American citizenship or are “seriously considering
red_moon_rise The rules around claiming Social Security benefits are full of caveats and nuances. Among them is a valuable quirk for certain divorced spouses: In many cases, the monthly Social Security benefit you can claim based on a former spouse’s work history essentially doubles when they die. “Your ex is worth twice as much dead
A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Bloomberg | Getty Images Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining
A person plays lottery at a 7-eleven store as Mega Millions jackpot reaches $ 1 billion 580 million, in Redwood City, California, United States on August 8, 2023. Tayfun Coskun | Anadolu Agency | Getty Images The Mega Millions jackpot jumped to an estimated $977 million — the game’s sixth-largest prize — without a winner
Singapore made global headlines last year when the government announced that biometric processing will replace travel document verifications at Changi Airport in the first half of 2024. But the city-state is going “passport-free” in another area: its land border with Malaysia. From Tuesday, people traveling by car between Singapore and Malaysia can show self-generated QR
A new report found that New York City is the no. 1 place for ultra-high-net-worth individuals to own a property. Alexander Spatari | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,
Heli-skiing on virgin snow in Antarctica for a cool $2.2 million. A polar bear safari in an “off-limits” area of Norway’s Svalbard for $300,000. How about tracking snow leopards in the Himalayas with renowned explorers for $100,000? Big-ticket travel experiences like those are indicative of the “quiet luxury” trend which began in the world of
Vm | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The U.S. has rapidly overwhelmed China as the world’s top spot for millionaires and billionaires, according a
For the most part, Mark Cuban is firmly anti-micromanaging. The 65-year-old billionaire entrepreneur weighed in on the common leadership style in a recent post on social media network X. If you find yourself constantly micromanaging the people around you, something’s wrong, Cuban noted. The only exception, he added: When you’re early in a process — think
In this article GNC-GB Follow your favorite stocksCREATE FREE ACCOUNT The Greencore logo is seen on the outside of its factory building in Bristol, England. Matt Cardy | Getty Images Company: Greencore Group (GNC-GB) Business: Greencore Group is an Ireland-based manufacturer of convenience foods. Its segments include Convenience Foods UK and Ireland. Greencore supplies a
10’000 Hours | Getty Images Nearly two-thirds of the country’s outstanding student debt is held by women. Women graduate college owing $2,700 more, on average, than their male counterparts, according to the American Association of University Women. Among undergraduate students in bachelor’s degree programs in 2019-2020, 54% of men graduated with student loans, compared to 66%
Photographer, Basak Gurbuz Derman | Moment | Getty Images When it comes to investor maladies, fear of missing out, or FOMO, is the clinical term for buying a security after a meteoric price increase because you don’t want to be left behind. There is no known cure for this condition, which has been linked to
As problems with the new Free Application for Federal Student Aid persist into the spring, harsh words are being directed at the U.S. Department of Education. Former top student loan official Wayne Johnson accused the Education Department of “malicious negligence” in a recent letter written to U.S. Secretary of Education Miguel Cardona and other senior officials and
Urbazon | E+ | Getty Images The tax deadline is approaching and the IRS has already issued more than 43 million refunds worth nearly $135.3 billion. As of March 8, the average refund was $3,145, up from $2,972 the same week in 2023, the agency reported last week. However, the average refund could change as
Maskot | Maskot | Getty Images After a year full of supply shortages and climbing borrowing costs, 2024 is shaping up to be a better time to buy a car. The average transaction price for a new car in the U.S. last month was $47,244, down 2.2% from February 2023. That’s also down 5.4% from
Fatcamera | E+ | Getty Images We’ve all been told that following a routine is important in many aspects of life — for physical fitness, good eating habits, solid work patterns and so on. But many experts are telling us that establishing a routine is also necessary for successful investing and building wealth. At an
Female firefighter putting on her protective equipment inside the fire station in response to an emergency Trevor Williams | Digitalvision | Getty Images The Biden administration’s latest student loan forgiveness announcement contained good news for more people than the 77,700 borrowers eligible for this round of aid. Starting next week, the administration said, President Joe
Fangxianuo | E+ | Getty Images There can be ample roadblocks during a job hunt, including so-called “ghost” jobs. These can be phantom listings for jobs that don’t exist, or those posted such a long time ago that it seems the job may not be available. Luckily, there are ways for job seekers to sidestep
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