Giannis Antetokounmpo opened accounts at half a dozen banks as a rookie in the NBA. The basketball star wanted to ensure his money was covered by federal deposit insurance. Here are his seven best quotes about money, investing, and his account-opening spree. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Giannis Antetokounmpo stashed his cash in several banks to avoid falling foul of the FDIC’s $250,000 limit. Here are the NBA star’s 7 best quotes about money and investing.
RBC: Buy these 30 high-conviction stocks as they continue delivering market-beating returns in an up-and-down year
Premium Investors struggling with a volatile market in 2023 may want to heed RBC’s advice. REUTERS/Brendan McDermid This story is available exclusively to Insider subscribers. Become an Insider and start reading now. RBC’s collection of 30 favorite global stocks handily outperformed US stocks in the first quarter. The firm’s lead strategists are telling investors to… Continue reading RBC: Buy these 30 high-conviction stocks as they continue delivering market-beating returns in an up-and-down year
Robinhood’s head of investment strategy says retail traders are continuing to pile into stocks – and now favor long-term strategies over the rush of meme plays
In an interview with Insider, Robinhood’s head of investment strategy explained how retail investor behavior has shifted since last year. Everyday traders are now taking a longer-term, more educated view on investing compared to at the height of the meme-stock boom in 2021. “Now there’s more recognition that you can’t just bet on one or… Continue reading Robinhood’s head of investment strategy says retail traders are continuing to pile into stocks – and now favor long-term strategies over the rush of meme plays
Russia is facing stagnating innovation, more dependence on China, and will become a state-led economy as war in Ukraine drags on, economists say
Experts weighed in on how Russia’s war efforts are impacting its economy a year after the invasion of Ukraine. The longer the conflict persists the more likely Russia is to depend on China for resources, experts said. “Russia’s people are resilient, and they will do something, but technology cannot just be wished into existence,” a… Continue reading Russia is facing stagnating innovation, more dependence on China, and will become a state-led economy as war in Ukraine drags on, economists say
‘The credit crunch has started’: Here’s what tighter lending standards mean for American consumers and businesses as banks navigate the SVB wreckage
The blow-up of SVB and Signature Bank is stoking concerns that standards to obtain a loan will become even tougher. Lenders started raising the bar for borrowers last year when the Fed started raising interest rates. “Each bank is going to apply those credit standards differently,” a source told Insider. Loading Something is loading. Thanks… Continue reading ‘The credit crunch has started’: Here’s what tighter lending standards mean for American consumers and businesses as banks navigate the SVB wreckage
A NBA superstar went from keeping cash in multiple bank accounts to investing in 2 sports teams and launching an ETF. Here are 4 of Giannis Antetokounmpo’s business ventures.
Giannis Antetokounmpo once kept his money in half a dozen bank accounts due to the FDIC limit. The NBA star’s ventures now include a sports drinks maker, two sports teams, and a sustainable ETF. Here are four of Antetokounmpo’s business bets in recent years. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading A NBA superstar went from keeping cash in multiple bank accounts to investing in 2 sports teams and launching an ETF. Here are 4 of Giannis Antetokounmpo’s business ventures.
Most of Wall Street is panicking about commercial real estate – but Goldman Sachs says there’s little chance it triggers a financial crisis
Bill Ackman, Bank of America, and JPMorgan have all warned that commercial real estate could cause an economic shock. But they shouldn’t be so spooked by the struggling sector, according to Goldman Sachs. There’s limited risk of “a vicious circle of large leveraged losses,” strategists said in a research note. Loading Something is loading. Thanks… Continue reading Most of Wall Street is panicking about commercial real estate – but Goldman Sachs says there’s little chance it triggers a financial crisis
Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned
Getty Images Russia cut oil production by 700,000 barrels of oil a day in March, per Bloomberg. That is a bigger reduction than the 500,000 barrels a day that the country pledged to cut originally. The reduced output comes as OPEC+ pledges production curbs of 1.1 million barrels a day starting in May. Russia reduced… Continue reading Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned
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