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 […]
Read moreOil’s modest comeback did little to change the mind of one portfolio manager who is urging investors to avoid crude and energy stocks. Chad Morganlander, portfolio manager at Washington Crossing Advisors, warned against oil on Thursday on CNBC’s “Trading Nation,” saying the fundamentals were looking weaker for the commodity over time. “Our expectation is for […]
Read moreCheck out which companies are making headlines before the bell: BlackBerry – The communication software and services company reported adjusted quarterly profit of two cents per share, compared to forecasts for a breakeven quarter. Revenue did fall below estimates, but the company left its full-year forecast intact and notes that it was profitable for a […]
Read moreEthereum investors shouldn’t worry too much about the digital currency’s flash crash from $319 to just 10 cents in a matter of seconds, blockchain investor William Mougayar said Friday. “I wouldn’t call it a crash,” Mougayar said on CNBC’s “Squawk Box” a day after the plunge. “It was more a flash or a blip or […]
Read moreTesla is on a tear this year, and trader Todd Gordon says the shares are about to rev up to even more record highs. The automaker hit another all-time record on Thursday, rallying amid the announcement of a possible production plant agreement with Shanghai and a Recode report that the company is looking to create […]
Read moreValuations of U.S. bank stocks are being hit by the ongoing uncertainty surrounding their industry which has been the focus of concerted regulatory attention in recent years, according to a banking analyst at Rafferty Capital Markets. Given President Trump’s pledge to prioritize the rolling back of many of the stricter oversight initiatives introduced in recent […]
Read moreIndia’s largest digital payments company Paytm is looking to expand its footprint to include lending services and credit cards for customers, in a move that threatens to shake up the country’s traditional banking sector further. In an interview with CNBC, Chief Financial Officer Madhur Deora said the launch of its pilot lending program would come […]
Read moreChina will again host the World Economic Forum’s annual June meeting, often called Summer Davos, and innovation is in the spotlight. The world’s second-largest economy has made waves recently with its fast-growing tech sector, marking what experts say is a noticeable shift away from the old image of a copycat China. And it’s a move […]
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