Category: Finance

Dario Amodei, Anthropic's CEO, speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 21, 2025.Gerry Miller | CNBCAnthropic is in talks to raise a $3.5 billion funding round, significantly more than the amount previously expected, CNBC has confirmed.The round would roughly triple the artificial...

GameStop Chairman Ryan Cohen.CNBCGameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, The Wall Street Journal reported Thursday.Citing people familiar with the matter, the Journal said the sizable stake in Alibaba is a...

A customer at a food market in Palma, Mallorca, Spain.Andrey Rudakov/Bloomberg via Getty ImagesAs economists ring alarm bells over the impact of President Donald Trump's tariff policy on consumers and the U.S. economy, there's a group of Americans who may benefit: tourists traveling abroad.That's due to the impact of tariffs...

The Trump administration may create powerful tailwinds for two vastly different market groups: Big banks and small cap stocks.In the case of financials, Astoria Portfolio Advisors' John Davi predicts deregulation — along with a boost in IPO and mergers and acquisitions — to spark multi-year strength."The funny thing about the...

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...