One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven.MercadoLibre, an Argentinian e-commerce and payments platform that's incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly...
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SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
A logo for financial service company Merrill Lynch is seen in New York.Emmanuel Dunand | Afp | Getty ImagesThe U.S. Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients' predesignated investment limits over a two-year period.Merrill, owned by Bank of America, and Harvest...
Britain’s finance minister calls for spending discipline but no return to austerity
Britain's Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024.Paul Ellis | Afp | Getty ImagesLiverpool, ENGLAND โ U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but...
September consumer confidence falls the most in three years
Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday.The board's consumer confidence index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021....
Family offices are the most bullish they’ve been in years, survey says
Vm | E+ | Getty ImagesA 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.Family offices are the most bullish they've been in years, putting their cash to...