Tag: business news
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Soaring stocks created 2 million new millionaires around the world last year
The population of global millionaires surged 7.9% to 25.3 million in 2025, according to the Capgemini World Wealth Report.
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Kalshi is building a prediction markets ‘Bloomberg Terminal’ for high-end traders, source says
The prediction market platform is developing the platform to create a singular platform for its highly engaged traders.
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Blackstone restricts flagship fund withdrawals as private asset fears reemerge
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenu Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests. The asset management
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Higher mortgage rates don’t just keep buyers on the sidelines. Application denials rise too
The denial rate in loan applications was 15.1% in 2024, up from 12.2% in 2021, a rise that occurred alongside surging mortgage rates, the St. Louis Fed found.
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Why institutional investors are returning to retail ‘in a very big way’
Investment transaction volumes reached more than $15 billion during the first quarter, an increase of 5% compared with Q1 2025, according to JLL.
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Inside Wealth: Trump’s ‘big beautiful bill’ has a ‘double taxation’ trap for top earners, tax lawyers say
A new guide by Congress’ tax policy staff indicates that trust income can be taxed twice.
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This natural gas stock has lots of upside even after U.S.-Iran war ends, JPMorgan says
The investment bank upgraded the gas name to overweight from neutral.
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SpaceX IPO hype has traders flocking to this mid-cap stock
Options volume is picking up in Nasdaq-listed Echostar, a $35-billion networking business based in Colorado that owns an estimated 3% of SpaceX stock.
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Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
U.S. chipmakers plunged in premarket trading after Broadcom earnings disappointed investors.
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This medtech stock is trading at a discount to peers. BTIG says it’s a buy
Medtronic’s shares are cheap relative to those of its competitors, making now a good time to add the stock to one’s portfolio, per BTIG.
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