Month: June 2024
CNBC Pro Talks: Outperforming fund manager reveals how to invest after India’s election
It’s been a volatile time for Indian markets after Prime Minister Narendra Modi failed to secure an absolute majority for his party in the country’s general election. Despite the unexpected result, however, Causeway Capital Management’s Arjun Jayaraman remains confident about the prospects for India — his top pick among emerging markets — noting that “volatility […]
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U.S. approves $360 million arms sale to Taiwan for missiles, drones
The U.S. State Department has approved the possible sale to Taiwan of drones and missiles for an estimated $360 million, the Pentagon’s Defense Security Cooperation Agency said. Anadolu Agency | Anadolu Agency | Getty Images The U.S. State Department has approved the possible sale to Taiwan of drones and missiles for an estimated $360 million, the Pentagon’s Defense Security Cooperation Agency said. The United […]
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Asia-Pacific markets set for largely higher open ahead of key Japan data
Cherry trees in bloom near the Nippon Budokan in Tokyo, Japan, on Sunday, April 7, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets are set to largely rise on the back of the S&P 500 hitting new highs as artificial intelligence firm Nvidia overtakes Microsoft as the most valuable public company. Shares of the chipmaker jumped […]
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Fugitive ex-CEO of investment firm arrested on securities, wire fraud charges
Hercules Investments CEO and CIO James McDonald. CNBC A former investment company CEO who previously appeared as a paid contributor to CNBC was arrested on fraud charges after more than two years as a fugitive from a Securities and Exchange Commission investigation, federal prosecutors said. The defendant, James Arthur McDonald Jr., is accused of misrepresenting […]
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The best-performing global bond fund is up 74% over the past year. Here’s where it’s invested
Gecko Capital’s Maunakea Emerging Markets Debt Recovery Fund has delivered an impressive 74% return over the past year, and its fund manager is particularly bullish on two South American economies looking ahead. The fund aims to make double-digital returns annually on a U.S. dollar basis and currently yields around 10%, which is “conservatively” estimated, according […]
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‘Outsized winners’: Morgan Stanley names global shares to faucet the ‘upgrade supercycle’ in a corner of AI
The market place is underestimating one particular corner of synthetic intelligence, in accordance to Morgan Stanley. That’s sophisticated packaging in semiconductors, which consists of technologies that deal integrated circuits to “increase operation, significant performance and kind the basis for additional potent and additional successful AI chips” — the last action in semiconductor production, following design […]
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Loneliness among workers is on the rise globally — here are 5 ways to combat it
20% of the world’s employees face daily loneliness, according to Gallup’s 2024 State of the Global Workplace report. Solstock | E+ | Getty Images Globally, one out of five employees experience loneliness everyday, and younger staff are even more prone to the feeling. According to the Gallup State of the Global Workplace Report released on […]
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Trump Media shares plunge 17% with newly obtainable DJT shares established to dilute stock benefit
Omar Marques | Lightrocket | Getty Illustrations or photos The inventory price tag of Trump Media plunged by a lot more than 17% in immediately after-hrs investing Tuesday following the Fact Social application proprietor claimed its registration of extra shares experienced been declared productive by the Securities and Exchange Commission. Trump Media, which trades less […]
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Amazon strike with $5.9 million high-quality for violating California labor legislation
An Amazon warehouse Getty Pictures California’s labor regulator on Tuesday explained it fined Amazon approximately $6 million for violating a state legislation aimed at curtailing the use of onerous warehouse efficiency quotas. The California Labor Commissioner’s Place of work claimed it investigated two Amazon facilities in Moreno Valley and Redlands, both located east of Los […]
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FTC refers TikTok complaint to Justice Office
The TikTok brand is displayed at TikTok workplaces on March 12, 2024 in Culver City, California. Mario Tama | Getty Photographs The Federal Trade Fee explained Tuesday that it can be referred its criticism from TikTok and Chinese dad or mum ByteDance to the U.S. Department of Justice. The FTC commenced its investigation adhering to […]
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