The CNBC Elite Advisors list is here.
The inaugural list recognizes 25 of the nation’s leading investment advisors serving ultra-high net worth individuals and family offices, selected for their expertise in advising clients with investable assets of $25 million or more.
See the full list: https://t.co/Z479Dvp8Fo
The Supreme Court ruled Monday that President Donald Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now.
The court did not rule whether Trump ultimately will have the power to fire Cook or any other member of the Fed.
Instead, it rejected Trump’s bid to stay a lower federal court ruling that had prevented her from being terminated as her lawsuit challenging her dismissal proceeds.
More details: https://t.co/gikQGBrqnT
SpaceX’s $25 billion foray into debt markets appeared to be well received by bond markets last week, with huge demand for the offering.
But one of the biggest-ever AI bond issuances, less than two weeks after SpaceX’s IPO, has highlighted the group’s intense financing needs, capital spending plans and future refinancing obligations — and posed a diversification challenge for investors.
Read more: https://t.co/UH9dBTGWnT
Comcast said Monday it plans to separate its media and technology businesses into two publicly traded companies through a tax-free spin-off of NBCUniversal and Sky, to better position its strategic priorities.
The spin-off is expected to be completed in about one year, and Comcast shareholders will own shares in both Comcast and NBCUniversal, the company said in a statement.
Read more: https://t.co/HGQyKwJTzt
As Europeans scramble to stay cool amid a record-breaking heatwave, Big Tech faces its own battle to keep the powerful chips in AI data centers running.
Temperatures this week have underscored the impact the weather can have on infrastructure like factories, nuclear power plants and data centers. Extra demand from air conditioning units can overload power grids, causing blackouts that can disrupt infrastructure. And it’s not just in Europe.
Read more: https://t.co/NQkVnQloh3