A computer with a "system hacked" alert due to a cyber attack on a computer network.Teera Konakan | Moment | 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...
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Nelson Peltz sells entire Disney stake weeks after losing proxy battle
Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC.Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 per share.The exit...
Now you can invest in Elon Musk’s xAI through Cathie Wood’s ARK Venture Fund
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesCathie Wood's ARK Invest has taken a stake in Elon Musk's startup xAI as she deepens her big bet...
Stocks making the biggest moves after hours: Salesforce, UiPath, Capri, Pure Storage and more
The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019.Brendan Mcdermid | ReutersCheck out the companies making headlines in extended trading:Salesforce โ Shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to LSEG....
Global debt has grown to $315 trillion this year โ here’s how we got here
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...