Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024.Angela Weiss | Afp | Getty ImagesWall Street's climb to record highs has come with conspicuously little volatility.The S&P 500 has gone 377 days without a 2.05% sell-off. That's the longest stretch for...
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Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | ReutersThe Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy...
Gen X stands to gain the most wealth from the $84 trillion wealth transfer
Fg Trade | E+ | Getty ImagesGeneration X may be the biggest beneficiary from the $84 trillion Great Wealth Transfer in the next 10 years, according to a new study.While millennials and members of Generation Z are expecting the biggest inheritances in the coming years as baby boomers pass down...
Forever 21 seeks rent concessions as fast-fashion brand faces financial woes
Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player's sales decline and it struggles to keep up with savvier competitors, CNBC has learned.The retailer, which has more than 380 stores in the U.S., has asked some landlords to cut its rent by as much...
Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024.David A. GroganWarren Buffett's Berkshire Hathaway has scooped up more shares of Occidental Petroleum over each of the past nine trading sessions, driving his gigantic stake in the Houston-based oil and...