China‘s flagship One Belt, One Road infrastructure program has far from enough financing right now, representatives from Beijing said in New York last week. Chinese President Xi Jinping first announced in 2013 an ambitious initiative to build a network of infrastructure in underdeveloped regions south and west of China, similar to the ancient “Silk Road” […]
Read moreQualcomm is hoping that the entry-level smartphone market in China will help drive growth, according to statements made by Qualcomm president Derek Aberle on Friday. Qualcomm may be seeking new areas to sell its chips as it continues to fight several legal battles with Apple, which has stopped paying Qualcomm royalties. Apple believes Qualcomm is […]
Read moreEconomists polled by Reuters had forecast new home sales rising 5.7 percent in May to a pace of 600,000 units from the previously reported rate of 570,000 units. New U.S. single-family home sales rose in May and the drop in sales in the previous month was not as steep as previously reported, suggesting the housing […]
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The most popular actively managed ETFs this year tell a story that’s not as much about investors chasing outsized performance as it is about ETFs being used for specific goals. In 2017 a lot of assets have flocked into active ETFs that offer safety and income. PIMCO Enhanced Short Maturity Active ETF (MINT)MINT has seen […]
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Shares of Caterpillar were under pressure Friday after a Deutsche Bank analyst downgraded the stock. Nicole DeBlase lowered her rating on Deutsche to hold from buy and cut the price target to $106 from $121, as she raised questions about whether the Trump administration will be able to move forward with its infrastructure plan. The […]
Read moreFrom our world-class universities and our unmatched workforce to our culture of entrepreneurship and drive for success, there are many reasons America’s economy is the strongest in the world. But a bedrock of our economy is too often overlooked: our intellectual property system. Intellectual property rights have their own clause in the Constitution because our […]
Read moreBlackBerry reported an unexpected profit for its fiscal first quarter on Friday, but it wasn’t enough to rally Wall Street behind the software and services company. Shares of BlackBerry’s fell 6 percent in premarket trading following its earnings report, which revealed sales that came in below analysts’ expectations. BlackBerry reported revenue of $244 million for […]
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MSCI’s decision to add China A-shares to its emerging markets index is big news. It will expand access to China’s mainland stocks to a broader audience and increase exposure to China in that index to nearly 40 percent. As CNBC estimates, there are some $2 trillion of assets in index mutual funds and ETFs benchmarked […]
Read moreOil prices fell sharply this week on concerns about global oversupply, but now might be the time to buy the commodity, according to one strategist. WTI and Brent crude have both fallen around 4 percent so far this week, leaving it in a technical bear market as prices are down more than 20 percent so […]
Read moreFirst there was bitcoin, now there’s ethereum. The cryptocurrency, along with its associated blockchain software platform, has gained popularity recently and is considered an alternative to bitcoin. Ethereum is up 4,100 percent year to date, CNBC reports, and made headlines this week when its price plummeted from $319 to just 10 cents in seconds. (It […]
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