Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing.”There was many people who doubted the vision, the ambition, how broad and deep and comprehensive it is, and whether the development of a…

“Low cost country” or “best cost country” sourcing has been a persistent trend in the American industrial and manufacturing sector for decades. Sending droves of jobs ranging from unskilled labor, skilled labor, and white collar jobs overseas in an effort to maintain competitiveness with the high cost of labor in…

Big banks are jumping headfirst into the AI race. Over the past year, Wall Street’s largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. Some are…

Charles Coristine used to revel in working at Morgan Stanley. He loved the pace, even waking up in the middle of the night to trade in the Tokyo and London stock markets.In 2011, after nearly two decades on Wall Street, Coristine burned out. He tried multiple remedies: switching to a…

Thesis In June 2023, I initiated coverage of Hooker Furnishings (NASDAQ: NASDAQ:HOFT), examining its risks and potential, noting how it demonstrated some strengths by showing the ability to keep a lid on inventory, recover in its hospitality business, and move forward with expansion plans, along with significant challenges created by…

The NFL team that has won three of the last five Super Bowls is worth less than the organizations with the two longest playoff droughts in the league.The Kansas City Chiefs, the NFL’s current dynasty, are only the 18th most valuable team in the league at $6.07 billion, according to…

Despite its reputation as a choice retirement destination, young rich Americans are headed to Florida now.The Sunshine State had a net gain of 1,786 young households earning at least $200,000 in 2022, making it the state with the highest net migration of wealthy Americans from ages 26 to 35, according…

Thesis On July 28, 2023, I began coverage of McGrath RentCorp (NASDAQ:MGRC) with a ‘Buy’ rating and analysis discussing how Q2 earnings indicated the Mobile Modular segment and the Vesta acquisition were able to hit targets. While TRS-RenTelco had some weakness due to lower semiconductor demand, I thought that the…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are expected to add over $2 trillion in assets by 2030, as an increase in wealth concentration…

Billionaire investor Mark Cuban on Thursday insisted that Democratic presidential nominee Kamala Harris would not tax unrealized gains as president.”Every conversation I’ve had is that it’s not going to happen,” Cuban said on CNBC’s “Squawk Box.”Cuban’s remarks could signal another break on tax policy between Harris and President Joe Biden,…