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CEOs Are Jumping Ship From Trump's Manufacturing Council Following Charlottesville Backlash
President Trump was roundly criticized by both Democrats and Republicans for his muted response to the violence over the weekend in Charlottesville, Virginia - especially for blaming "many sides"and not rebuking the white supremacists at the center of the unrest. And now the backlash against the president has spread to the corporate world, with several big-name CEOs announcing they have quit the White
Traders Have Been All Over These Tech ETFs
The technology sector, the largest sector allocation and best-petforming group in the S&P 500, remains beloved by investors this year. Exchange traded funds (ETFs) dedicated to technology have been luring investorsthanks to seemingly relentless surges in share prices of technology titans, such as Apple Inc. (NASDAQ: AAPL) and Alphabet Inc. (NASDAQ: GOOG). Enthusiasm for technology ETFs has, predictably, made its way to the leveraged offerings tracking the
China Leads Emerging Asia to Greater Role in Capital Markets
Investors absorbed by the latest Chinese currency move may be losing sight of the big picture: China and the entire emerging Asian region are gradually being integrated into global capital markets. Over the next 12 to 24 months, we expect that Asia, led by China, will become a far more significant part of the global capital markets – and global
Millennials Like These ETFs
As has been widely documented, exchange-traded funds are on a torrid pace of asset gathering this year. Through the first seven months of 2017, U.S.-listed ETFs added $191 billion in new assets, easily positioning the asset class to topple the inflows record set in 2016. And as has been previously documented, millennials are big drivers of ETF growth. Data suggest
Leadership Changes Loom at the Fed
The Trump administration is starting to consider a replacement for US Federal Reserve Chair Janet Yellen after her term expires. This is only one potential leadership change in what could be a wave of turnover ahead for the institution. With three open seats on the Fed’s Board of Governors and more turnover likely, there are many moving parts to the
As Snap Falls Further, Analyst Says Investors Were Sold 'Snake Oil'
Capital Markets
Shares of Snap tumbled 13 percent on Friday after its second quarter earnings were worse than expected, as the company added fewer users and at a slower rate than the previous quarter. Now, one of the Snap's biggest detractors is lashing out against the disastrous IPO's underwriters. Global Equities Research analyst Trip Chowdhry warned investors back in January that Snapchat was "a total
With Nvidia Down 13% This Week, Jefferies Says 'Buy On Weakness'
Capital Markets
NVIDIA Corporation (NASDAQ: NVDA) shares were down 5 percent to $156.51 in pre-market trading Friday in reaction to its second-quarter results. Ahead of the results, there was nervous selling, with the stock declining over 4 percent on Thursday alone amid the news that short seller Andrew Left of Citron Research has shorted the stock. Jefferies is undeterred by the after-market weakness and said its
How to Invest in China’s New High-Tech Economy
Capital Markets
There have been recent fears among economists and investors alike that China’s debt-fueled economy would contract as it transitions from old-school manufacturing to services, but the Asian giant has been far more resilient than most anticipated. Its gross domestic product (GDP) for the second quarter rose 6.9 percent over the same period last year, beating expectations and putting the country
Wharton Study Claims Trump-Backed Immigration Policy Would Reduce GDP and Jobs
Capital Markets
The RAISE Act, a new immigration policy proposed by Sens. Tom Cotton (R-Ark.), and David Perdue (R-Ga.) and backed by President Trump, has added another member to its list of detractors. A Wharton analysis obtained by CNBC has found that the plan would lower both GDP and jobs over the next 10-25 years. The plan itself intends to cut legal
Emerging Market Local Debt: Growing Depth, Growing Opportunity
Capital Markets
The landscape for emerging market (EM) local debt is expanding fast – and looks set to continue. Earlier this year, Argentina, the Czech Republic and Uruguay joined the bellwether benchmark for the asset class, JPMorgan GBI-EM Global Diversified, taking the total to 18 countries. China, Egypt and another three countries may enter the index next year. The inclusions will make