Investing

DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,
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CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic.  “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.”  The Fed earlier Thursday said it would be willing to
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HSBC Global Asset Management and climate change advisory and investment firm Pollination Group are teaming up to launch a series of billion-dollar funds that will target “natural capital.”  The new venture, which is the largest of its kind, will be called HSBC Pollination Climate Asset Management. The funds will target institutional investors including pension funds
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Satellite antenna builder Kymeta announced Tuesday it closed a significant new round of fundraising led by Bill Gates, as the start-up looks to increase manufacturing and sales of its mobile communications product. “At the end of the day, the problem that our customers want to solve is highly reliable broadband service,” Executive Chairman Doug Hutcheson
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Jeffrey Ubben Source: BusinessWire Jeffrey Ubben is betting on widescale adoption of clean energy through his new fund Inclusive Capital Partners, which he launched in June after stepping away from ValueAct to focus on sustainable investing full time. His fund is the lead investor in a company being formed through a partnership between Schneider Electric
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CNBC’s Jim Cramer said Thursday there is more pain in the U.S. economy than what is reflected in the stock market’s robust recovery from coronavirus-era lows.  “I’m thinking, wait a second, don’t get too optimistic. I think it’s our nature to be optimistic,” Cramer said on “Squawk on the Street.” ”We like the fact that the
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Barrick Gold mining ullstein bild | Getty Images Barrick Gold‘s stock is popping 10% in premarket trading Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold miner’s stock.  Berkshire added a $562 million position in Barrick Gold in the second quarter, according to SEC filings Friday. While the position is small for
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