Traders work on the floor of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Kena Betancur | Getty Images Active portfolio managers could get some help in the battle against passive investing if a new kind of financial instrument gains traction with investors: the “nontransparent ETF.” A nontransparent ETF
Mike Rasnic sits on the front porch of his home which is surrounded by floodwater on March 22, 2019 in Craig, Missouri. Scott Olson | Getty Images The risks of climate change are already impacting investors, with increasingly frequent climate disasters like wildfires, drought, flooding and heatwaves threatening business operations and properties across the world.
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City. JOHANNES EISELE / AFP / Getty Images With stocks coming off their first losing week of the year, investors will be looking for the Federal Reserve to soothe markets by reaffirming its position that
Workers assemble washing machines at the Whirlpool Corp. manufacturing facility in Clyde, Ohio, U.S. Luke Sharrett | Bloomberg | Getty Images Here are the most important things to know about Monday before you hit the door. 1. Whirlpool to report earnings Whirlpool is on deck to release its fourth-quarter earnings after the bell on Monday.
U.S. stock index futures were slightly higher on Friday morning. At around 2 a.m. ET, Dow futures were up 35 points, indicating a positive open of about 46 points. S&P 500 and Nasdaq futures were also just above the flatline. Global equities have been subdued recently by fears of the China coronavirus spreading, with the
David Solomon, Goldman Sachs Adam Galica | CNBC Goldman Sachs CEO David Solomon told CNBC on Thursday that starting this year, his investment bank wouldn’t help companies go public without at least one “diverse” board member. “Starting on July 1st in the US and Europe, we’re not going to take a company public unless there’s
President Donald Trump’s lack of engagement on the issue of climate change has meant companies will need to step up their environmental efforts instead, according to the CEO of Nasdaq. “I actually believe that because of the fact that the government hasn’t been engaged on this topic, the corporate world has realized we need to
Seth Klarman, chief executive officer of The Baupost Group LLC, listens during an interview in New York, June 8, 2018. Jeenah Moon | Bloomberg | Getty Images Billionaire hedge fund manager Seth Klarman is warning this rally that has taken stocks to record highs could soon end. Klarman, who runs Baupost Group in Boston, wrote
A man wearing a protective mask takes pictures on the promenade of the Bund along the Huangpu River in Shanghai on January 21, 2020. Hector Retamal | AFP | Getty Images If China‘s new coronavirus turns into a prolonged outbreak, the country’s travel and leisure industry will likely be among the hardest hit. News of
Paul Tudor Jones Leanne Miller | CNBC Billionaire investor Paul Tudor Jones said the stock market today is reminiscent of the one in early 1999. “We are just again in this craziest monetary and fiscal mix in history. It’s so explosive. It defies imagination,” Jones CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland. “It
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it can finance more than $100 billion annually from its investment bank and created a formal
Traders signal offers in the Ten-Year Treasury Note Options pit at the Chicago Board of Trade. Scott Olson | Getty Images Wall Street firms just posted the biggest surge to bond-trading revenue in years, helping several banks break records for annual profit — but don’t expect the party to last. Morgan Stanley said earlier Thursday
Toward the end of NBCUniversal’s two-hour long presentation of its Peacock streaming video service Thursday, the media and entertainment company dropped a revealing piece of information that rival companies haven’t made available. Comcast’s NBCUniversal estimates its streaming service will generate average revenue per user (ARPU) per month of $6 to $7. This is an aggregate
Nestle Health Lab Imagine receiving customized nutrition advice based on your personal biologic or genetic profile. That’s the “future of food,” according to a UBS analyst, who sees diet personalization as the next plant-based meat. Personalized nutrition could generate annual revenues as high as $64 billion by 2040, the firm said. Plus, big-name companies such
People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York. Spencer Platt | Getty Images
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500‘s value. Some investors worry either the economy has to
Fluorescent shipping containers, billiard tables atop AstroTurf, and his signature “MATH” campaign signs plastered to the walls greeted Democratic presidential candidate Andrew Yang on Thursday night at a fundraiser in downtown San Francisco. Hundreds of supporters braved a torrential downpour and a line that wrapped around city blocks to see the entrepreneur and nonprofit executive,
Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, speaks during an interview in Washington, D.C., May 29, 2019. Andrew Harrer | Bloomberg | Getty Images President Donald Trump’s intention to nominate economist Judy Shelton to the Federal Reserve comes with two pressing questions — whether she could be a future
Pete Sikora member of New York Communities for Change. In response to the findings of a new report by Majority Action, members of New York Communities for Change (NYCC), Mothers Out Front (MOF), Sunrise Movement NYC, Sierra Club, and 350Brooklyn gathered for a press conference on September 17, 2019 outside BlackRock offices in New York
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters What investors are willing to pay for stocks relative to their long-term earnings growth expectations is at an all-time high, according to Bank of America. The price-earnings to growth ratio, commonly called
Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped New York-based Goldman beat analysts’
Invesco’s Kristina Hooper expects a majority of multinational companies to turn more optimistic this earnings season. The firm’s chief global market strategist cites the easing of the U.S.-China trade war threat as a major catalyst. Hooper believes a trade deal will bring back capital expenditure spending plans as companies revert to a calmer global environment.
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC For years, Jamie Dimon had a running joke: Ask him when he was going to step down from J.P. Morgan Chase, and the answer was always five years in the future, no
The size of the stock market relative to the size of the economy is at its highest level ever, raising concerns that the market’s recent all time highs are detached from reality. The likes of legendary investors Warren Buffett and Paul Tudor Jones have measured the stock market in this, or similar ways in the
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Jabin Botsford | The Washington Post | Getty Images Swiss wealth giant UBS has predicted that the U.S. Federal Reserve could lower interest rates three times in 2020 — a forecast that differs widely from many other projections calling for no change or just one
It’s no secret that a handful of tech giants have been dominating the stock market, but their leadership has reached a level that is raising eyebrows on Wall Street as being unsustainable. The top five U.S. companies — Apple, Microsoft, Alphabet, Amazon and Facebook — now make up 18% of the total market capitalization of
A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term, said Bill Winters, chief executive of British bank Standard Chartered. Winters pointed out on Monday
In what felt like the blink of an eye, the decade has come and gone. Following the public market’s worst ten-year performance since the Great Depression, the 2010s witnessed the longest bull run in history. Beginning the charge forward in March 2009, the latest bull market reached a record length of 129 months in December.
Traders work the floor of the New York Stock Exchange on August 23, 2019 in New York. Don Emmert | AFP | Getty Images Stocks may be at record highs, but 2020 has already proven to be a volatile year, leading a growing cohort of Wall Street strategists to recommend stable dividend-paying investments. Favorite names
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City. JOHANNES EISELE / AFP / Getty Images In late January 2018, Wall Street reached the moment of “peak happiness,” which marks the highest levels of valuation, investor confidence, financial liquidity and risk appetites achieved