Demand for bond ETFs appears to be rising. According to MarketAxess CEO Chris Concannon, there are signs Treasury ETFs are on the cusp of substantial inflows. “We’re about to see what I’d call [a] bond renaissance,” the electronic-trading platform CEO told CNBC’s “ETF Edge” this week. “The Fed is still taking action, so I would
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Since Tim Cook became CEO of Apple, he’s worked to cement his own legacy — but he still admires his predecessor Steve Jobs’ leadership style. “I knew I couldn’t be Steve [when I became CEO],” Cook, 62, told GQ on Monday. “I don’t think anybody could be Steve. I think he was a once-in-a-hundred-years kind
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters The IRS on Thursday released a plan for the nearly $80 billion in agency funding enacted through the Inflation Reduction Act in August — including expected boosts for customer service, technology and enforcement. “Now that we
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Walmart logo is seen on the shop in Streator, United States on October 15, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki/ | Nurphoto | Getty Images Walmart announced Thursday it plans to add electric vehicle charging stations to thousands of U.S. stores
In this article .BBKA CSG.N-CH Follow your favorite stocksCREATE FREE ACCOUNT NEW YORK, NEW YORK – MARCH 15: Traders work on the floor of the New York Stock Exchange during morning trading on March 15, 2023 in New York City. Michael M. Santiago | Getty Images Short sellers were sitting on more than $7 billion
Before becoming a billionaire, Mark Cuban slummed it in an apartment with five other guys, sleeping on the floor and using “nasty” towels taken from a Motel 6. Those circumstances may seem pretty bleak, but they’re exactly what drove Cuban to put his all into entrepreneurship. “When your back’s against the wall, you’re sleeping on
In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A customer leaves a Bed, Bath and Beyond store on August 31, 2022 in Oakland, California. Justin Sullivan | Getty Images Bed Bath & Beyond wants shareholders to approve a reverse stock split at an upcoming special meeting, as the retailer keeps working to avoid
The logo of cryptocurrency exchange Binance displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Binance’s Australian derivatives license was canceled at the crypto exchange’s own request, the Australian Securities & Investments Commission said Thursday, after the regulator had begun a “targeted review of Binance” in February. Beginning April 14, Binance’s derivative
If you’ve heard a lot of pro-AI chatter in recent days, you’re probably not alone. AI developers, prominent AI ethicists and even Microsoft co-founder Bill Gates have spent the past week defending their work. That’s in response to an open letter published last week by the Future of Life Institute, signed by Tesla CEO Elon
Nicolas Economou/NurPhoto via Getty Images Travel to many European nations looked like a bargain heading into summer and fall last year thanks to a favorable exchange rate for American tourists. But the U.S. dollar has weakened considerably against the euro in recent months. As a record number of Americans are expected to travel abroad this
Two French business titans, Bernard Arnault of the LVMH empire and Françoise Bettencourt-Meyers of L’Oréal, are named the world’s wealthiest man and woman. PARIS — France, which has been riven lately by angry protests over income inequality, can now claim to have the world’s richest man and woman: Bernard Arnault, the chief executive of the
Sweden’s house prices are expected to continue to plummet. Bloomberg / Contributor / Getty Images Sweden has long had one of Europe’s hottest housing markets, but prices have tumbled and are not set to recover for a long time, according to Danske Bank. Economists are also warning of a “false dawn,” as recent housing data suggests
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A United Airlines plane taxis at Newark International Airport, in Newark, New Jersey, on January 11 2023. Kena Betancur | AFP | Getty Images NEWARK, New Jersey — Faced with congested airports, rising costs, a pilot shortage and a resurgence in travel demand, airlines are increasingly turning to the same remedy: bigger planes that fit
In this article AI AMC LEVI XPO Follow your favorite stocksCREATE FREE ACCOUNT A consumer shops in a Costco store in Miami on Sept. 28, 2021. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Costco — The wholesale retailer’s shares dropped 2% after the company announced sales dipped 1.1%
Michael Jordans 1998 NBA Finals Air Jordan XIIIs sneakers are displayed during a press preview in New York on April 6, 2023 at Sothebys for the upcoming auction Victoriam, a special two-part curated collection of sports artifacts. Timothy A. Clary | AFP | Getty Images Michael Jordan’s shoes from Game 2 of the 1998 NBA
Izusek | E+ | Getty Images Emotions can get the better of us when it comes to investing — particularly when financial markets get volatile. Behavioral finance tells us we are inherently bad investors, prone to making decisions based on emotions rather than evidence and self-interest. Just as we are a bundle of biases and
Nicole Chung Source: Carletta Girma In author Nicole Chung’s new memoir, “A Living Remedy,” she tells the story of watching both her parents die in the span of two years. It was all the more painful because of her mother and father’s inability to afford the medical treatments they needed. Chung blames the country’s broken
Readers sent some of their most urgent financial queries, asking about issues like Social Security and student loan debt. Financial planners offered ideas. People often think of planning for retirement as a combination of saving and picking an ideal mix of investments, all to arrive at just the right size nest egg. But it is
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida. Joe Raedle | Getty Images Today’s home sellers may be able to command higher prices due to recent increases. Certain luxury features may help sell your home for