US President Donald Trump speaks to reporters in the Oval Office of the White House on Feb. 3, 2025, in Washington, DC. Jim Watson | AFP | Getty ImagesPresident Donald Trump on Monday signed an executive order that outlines plans for a government-run sovereign wealth fund to serve as an economic...
Year: 2025
How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks
Big Tech's historic gains could be affecting your portfolio's makeup — especially if your goal is diversification.Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla."Those Mag Seven stocks...
World’s largest luxury group LVMH posts better than feared full-year sales
A Louis Vuitton storefront in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesThe world's largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector.The owner of brands including Louis Vuitton, Moët & Chandon and...
67 believed dead after American Airlines plane collides with Army helicopter
Search and rescue teams work near the Ronald Reagan Washington National Airport, in the aftermath of the collision of American Eagle flight 5342 and a Black Hawk helicopter that crashed into the Potomac River, in Arlington, Virginia, U.S., Jan. 30, 2025. Evelyn Hockstein | ReutersThere were no survivors after an American...
DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6, 2019.Adam Jeffery | CNBCDoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut for 2025 — two reductions at most — as the Federal Reserve patiently awaits incoming data to assess the state of the...