Month: December 2017

As investors increasingly turn to passive investment vehicles such as ETFs, this year the funds saw record-breaking inflows of $476 billion and assets under management climb to $3.4 trillion. Even traditional money managers have rushed to launch their own exchange-traded funds. But the hot money has flowed into niche funds offering exposure to bitcoin, electric
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Amazon‘s search for a second headquarters outside Seattle is just the beginning of a tech exodus from expensive coastal cities to cheaper inland locations, Redfin CEO Glenn Kelman said Wednesday. “Silicon Valley is going to leave Silicon Valley — that’s already happened,” Kelman told CNBC’s “Power Lunch.” “The technology companies, the Wall Street companies, they’re
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There have been doubts about whether proceeds from Chinese green bonds are used to finance projects that truly help the environment. For instance, the People’s Bank of China and the National Development and Reform Commission allow green bonds to fund “clean” coal projects — something that many regulators overseas would not allow, according to a
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SpaceX is set to launch 10 Iridium satellites on Friday, marking a halfway point in a contract to deliver 75 satellites to low-earth orbit for the satellite communications provider. When completed, this “constellation” of low-earth-orbit satellites could revolutionize air traffic control, allowing planes to fly shorter and more direct routes. The key is a system
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Nike’s growth in international markets helped the company’s quarterly profit and sales beat Wall Street estimates on Thursday, but a drop in gross margins indicated severe price competition in North America, its largest market. Shares of the world’s largest footwear maker were marginally down at $64.36 in after-market trading. Nike’s second-quarter gross margins fell 1.2
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Accenture reported a better-than-expected quarterly profit, as the consulting and outsourcing services provider gained from its push into digital and cloud services. The company also forecast current-quarter revenue between $9.15 billion and $9.40 billion, the low end of which was in line with analysts’ estimates. Digital, cloud and security services accounted for more than half
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After the decline in the FANG stocks on Tuesday, CNBC’s Jim Cramer issued a warning to investors who own the technology-laden group. “I just wanted to get in front of tomorrow’s storyline,” the “Mad Money” host said. “You better believe the obituary’s being written once again right now, this time with the death notice containing
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With just two weeks to go before the new year begins, many fund managers around the world seem to agree on one thing: The rally in Asian stocks will continue into 2018. Strength in the equity market, they said, will be supported by regional economies growing strongly and solid company fundamentals that will drive earnings
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Getty Images A Costco store in Richmond, Calif., March 6, 2014. Retailer Costco Wholesale on Thursday reported quarterly profit and revenue that beat analysts’ estimates, as its investments in online business paid off. The membership-based retail chain has been investing heavily to bolster its e-commerce capabilities, launching initiatives such as two-day delivery on dry groceries
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LAKRUWAN WANNIARACHCHI/AFP/Getty Images The international airport at Hambantota, Sri Lanka. Sri Lanka has long had deep ties with New Delhi, but it’s fallen into China’s orbit in recent years, with the country a key member of Beijing’s wide-ranging “Belt and Road” infrastructure project. India, which isn’t a member,is wary the scheme could translate into increased
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