Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.
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Chipmaker Broadcom is breaking out. How Tony Zhang is trading it
Broadcom is growing AI semiconductor revenue at triple-digit rates, converting nearly half of revenue into free cash flow, writes Tony Zhang.
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Believe the hype? Stablecoin is about to blast off—and why you should care
These digital tokens generally pegged to the U.S. dollar could become an essential way that money moves, experts say.
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Manager of DRAM memory trade blockbuster ETF is back with new AI thematic bet
Roundhill Investments’ DRAM became a blockbuster ETF in record time on the memory trade. It’s back with a new fund targeting another AI tech theme: photonics.
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The Nasdaq just did something it’s done just 17 prior times in its history
Tuesday’s rally was historic for several reasons.
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Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says
Bank of America was among the prime brokers for the hedge fund, which is run by Leopold Aschenbrenner.
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Warren presses Lutnick over UAE access to sensitive U.S. tech after Trump crypto investment
Sen. Elizabeth Warren asked Howard Lutnick to explain eased UAE export controls after UAE-linked entities invested in the Trump family’s crypto venture.
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We’re adding to our position in a chipmaker as the AI trade regains its footing
The stock is still well below levels it traded at last month after earnings.
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Here are Wednesday’s biggest analyst calls: SpaceX, Nvidia, Apple, AMD, Pinterest, Arista Networks & more
Here are the biggest calls on Wall Street on Wednesday.
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Stock bears obliterated as Nasdaq 100 logs top 10 bullish stat of past decade
“Pessimists threw in the towel and optimism was running amok today,” said Nations Indexes president Scott Nations.
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