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Collateralized loan obligations may become the next big push in the exchange-traded fund industry. VettaFi’s Todd Rosenbluth suggests there’s investor demand for the alternative assets due to ongoing interest rate uncertainty. “[CLOs have] been popular within the marketplace,” the firm’s head of research told CNBC’s “ETF Edge” this week. CLOs are short-term fixed income strategies that consist of pools of floating-rate secured loans. They’re designed to deliver relative stability and attractive yields across market cycles. …

Berkshire Hathaway‘s operating earnings climbed 16% in the second quarter as strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results. But the bigger takeaway from the results is that CEO Greg Abel, 64, is starting to put the record cash hoard amassed by Warren Buffett to work on buybacks and stock purchases. Operating earnings rose to $12.98 billion from $11.16 billion a year earlier. Manufacturing, service and retailing earnings jumped …

The billionaire founder of Rockstar Energy has purchased millions of shares of Celsius Holdings and is calling for the ouster of that company’s CEO after its earnings miss this week. Russ Savage now controls more than 12 million shares of Celsius, he told CNBC. Celsius markets its energy drinks to athletes and other health-conscious consumers and has exploded in popularity in recent years. Savage founded Rockstar in 2001 and sold it to PepsiCo in 2020 …

The U.S. economy surprisingly shed jobs in July, and it’s leading investors to think that an interest rate hike by the Federal Reserve in September is increasingly unlikely.  After the jobs report was revealed on Friday morning, odds on prediction market platform Kalshi that the central bank holds rates steady at its meeting next month jumped to 65%. Before the report, odds were about 50-50 for a hike or maintaining the status quo, and just …

Copper surged to a record high Thursday, but the latest rally comes against a more mixed growth backdrop, making the once-reliable gauge of economic health, “Dr. Copper,” harder to read. U.S. copper futures climbed to around $6.90 a pound Thursday, extending a rally in a metal used for construction, electronics, transportation and even AI applications. It then retreated to end the session after touching the new high. But instead of simply indicating stronger global growth, …

Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 40% Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital LLC, a newly formed investment vehicle owned by family of CEO Mat Ishbia. The family is also the majority owner of the NBA’s Phoenix Suns. Pontiac, Michigan-based UWM also said it suspended its quarterly dividend to …

The S&P 500 ended its more than 5.5% four-day rally on Wednesday, but the broad index’s surge to new records is recalibrating prediction market traders’ outlook for how high it can go.  Speculators on prediction market platform Kalshi now give a 2-in-3 chance that the index will cross 8,000 in 2026. As of Wednesday’s close, the index is just about 3.6% away from that level. The contracts on Kalshi ask speculators if the S&P in …

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. A megayacht once valued at more than $300 million was sold by the U.S. government for $187 million to an Emirati billionaire whose family has a business partnership with the Trump Organization, according to government documents and yacht industry executives. Amadea, a 348-foot …

Federal Reserve Governor Lisa Cook said Wednesday that she’s ready to support an interest rate hike unless the inflation numbers improve. “Inflation is too high, and I consider the risks to the inflation side of the dual mandate higher than the risks to the employment side at this point,” Cook said during a speech in Anchorage, Alaska. “As such, I am prepared to act by raising rates, if necessary.” While acknowledging that the June data …

Add the possibility of fewer meetings into the mix of how Federal Reserve Chairman Kevin Warsh wants to reduce the central bank’s footprint on financial markets, a move that some experts say could introduce both volatility and opportunity for investors. Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture in which policymakers have been aggressively transparent — some say overly so — about where they think monetary policy …