The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic."This increase marks the second consecutive quarterly rise and was primarily driven...
Year: 2024
The 10 books the rich will be reading this summer
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.Today's workaholic wealthy rarely have time to sit back and read a good book โ except maybe...
Shaking seats and piped-in fog: How 4DX is carving out a niche moviegoing market
Chris Hemsworth stars as the villainous Dementus in Warner Bros.' "Furiosa: A Mad Max Saga."Warner Bros. DiscoveryIn George Miller's new Mad Max film "Furiosa," a red paint flare explodes and casts the theater screen in a saturated crimson cloud.Feet away, among the rows of gyroscopic 4DX chairs, plumes of fog...
This new weight loss drug ETF bets big on two of the industry’s leading players
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs.Roundhill Investments' GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. CEO Dave Mazza said his...
JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’
JPMorgan Chase's chairman and CEO, Jamie Dimon, says a "hard landing" for the U.S. cannot be ruled out.When asked by CNBC's Sri Jegarajah about the prospect of a hard landing, Dimon replied: "Could we actually see one? Of course, how could anyone who reads history say there's no chance?"The CEO...