Economy

Wealth manager: Even billionaires worry their kids won't keep jobs in this market

Even billionaires are worried about their children's futures, says Patrick Dwyer, managing director at Miami-based boutique wealth management and planning company Aligned by NewEdge Wealth. Dwyer's ultra-wealthy clients — primarily people who range in net worth from $100 million to over $1 billion — are specifically concerned that their kids, primarily between 22 and 35 years old, won't be able to sustain careers in traditionally stable and lucrative industries.

S&P is already predicting China's property slump will be worse than it expected this year

S&P Global Ratings said China's primary real estate sales will likely drop by 10% to 14% this year, steeper than the decline predicted back in October.

Stocks making the biggest moves midday: Oracle, Cleveland-Cliffs, Kyndryl, Nexstar, Workday, Hims & Hers

These are some of the stocks posting the largest midday moves.

AppLovin's stock pops 14% after short seller CapitalWatch apologizes, retracts report on shareholder

CapitalWatch wrote that its report linking AppLovin shareholder Hao Tang and criminal syndicates was inaccurate.

CNBC Daily Open: Takaichi's victory sends Japan's Nikkei 225 to new highs

Japan's Sanae Takaichi and her ruling Liberal Democratic Party overwhelmingly found the support of voters in a Sunday election, sweeping a supermajority.

Some student loan borrowers wait over a year in public servant debt forgiveness backlog

More than 83,000 federal student loan borrowers are waiting for a Public Service Loan Forgiveness Buyback application decision. What experts say to do while in line.