European stocks started the week on a positive note, tracking Friday’s gains on Wall Street following cautious comments from central bankers at Jackson Hole. China’s support measures for its equities market helped lift sentiment. The rate-sensitive technology sector led the advance in Europe after Federal Reserve Chair Jerome Powell and...
Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike. Friday’s U.S. jobs report is forecast to show employers boosted their payrolls by nearly 170,000 in August, while...
Nvidia Corp. shares were set to hit a record high in early trading after the chipmaker at the forefront of an industrywide artificial intelligence race delivered a third-straight sales forecast that surpassed Wall Street estimate. Shares rose 8.7% to $512 before markets in New York opened on Thursday after Nvidia...
The prospect of global interest rates remaining higher for longer is tipping the case for many investors to switch into bonds from stocks. Fixed income offers a 180-basis-point yield premium over the dividend returns from stocks, according to data compiled by Bloomberg. That’s the widest in 15 years, and the...
To paraphrase the famous line from “Jaws,” “We’re going to need a bigger moat.” Shares of Warren Buffett’s Berkshire Hathaway have returned 14% year-to-date, compared with a 15.5% rise for the S&P 500. Over the past 5 years, however, Buffett’s holding company is up 71% compared with the S&P 500’s...
A new report is a further call to action for fund managers who are lagging on providing exchange-traded funds as advisor and client demand grows. With ETFs typically offering lower expense ratios than mutual funds, the majority of registered advisors are selling them (91%) according to a new report,...
Global investors have been shedding China’s blue-chip stocks during the longest stretch of outflows on record, showing even the nation’s industry leaders are falling out of favor as a rout deepens. Foreign investors sold 6.2 billion yuan ($851 million) of Kweichow Moutai Co. from Aug. 7 to Aug. 18, making...
Charles Schwab Corp. is looking to raise fresh debt in the U.S. investment-grade bond market after revealing plans Monday to cut jobs and close or downsize offices to curb costs. The financial services firm brought a benchmark-sized deal of senior unsecured notes Tuesday, according to a person familiar with the...
Climate-related investments at KKR will now be overseen by a trio of leaders after the firm hired a new co-head of its climate strategy. Charlie Gailliot joins KKR in New York from Goldman Sachs, where he spent 20 years as a private markets investor and was most recently a partner...
An exchange-traded fund that aimed to track CNBC anchor Jim Cramer’s stock picks is planning to shutter just five months after launching. The Long Cramer Tracker ETF (LJIM) will stop trading Sept. 11, according to a press release Monday. The fund, which buys stocks recommended by the host of CNBC’s “Mad Money” show, has only...