zhongguo Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released Friday. The rise underscores the momentum behind ESG investing, or when environmental, social and governance factors are considered. Assets in these types of funds first topped
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In this article KSS TGT WMT AMZN Amazon Prime delivery vans sit parked near a Walmart store on September 03, 2020 in Richmond, California. Justin Sullivan | Getty Images Amazon on Thursday confirmed that its annual Prime Day deals event will be shifting earlier this year, as the e-commerce giant looks to boost spending in
In this article DARK-GB A Darktrace cybersecurity software demonstration shows how a global problem can start with just one employee’s work station. Michael S. Williamson | The Washington Post | Getty Images LONDON — British cybersecurity start-up Darktrace saw its shares surge as much as 43% in its highly-anticipated London debut Friday. The company priced
In this article F CNBC’s Jim Cramer on Thursday endorsed Ford Motor as having the best odds of staging the biggest rally now through early February. As athletes and celebrities in CNBC’s annual Stock Draft picked recovery favorites earlier Tuesday, Cramer, who is not a participant, said he backs the traditional automaker to make significant
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the automaker fell more than 9% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage.
A boy reacts next to the body of his father, who died from the coronavirus disease (COVID-19), at a crematorium in New Delhi, India April 24, 2021. Adnan Abidi | Reuters LONDON — The threat for Europe posed by the coronavirus “remains present,” the World Health Organization said Thursday, despite a recent decline in new
U.S. stock index futures were mixed in overnight trading on Wednesday, after the major averages posted losses for the day. Futures contracts tied to the Dow Jones Industrial Average shed 3 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures gained 0.5%. Apple and Facebook’s strong quarterly results boosted futures. Apple said that sales
People make their way through local restaurants during the coronavirus disease (COVID-19) pandemic in New York City, March 11, 2021. Eduardo Munoz | Reuters Gov. Andrew Cuomo announced Wednesday that the state will lift more restrictions on bars and restaurants, which have been hard hit by pandemic lockdowns, as Covid infections decline and vaccinations increase.
A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment banking division. The bank vastly exceeded analyst expectations for net income of 642.95 million euros,
In this article SBUX Starbucks’ president and CEO Kevin Johnson speaks during a press conference in Shanghai on August 2, 2018. AFP | Getty Images Starbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 53 cents expected
Al Drago | Getty Images President Joe Biden is expected to pitch a higher capital gains tax this week to raise funds for his economic agenda. But the policy would lose the U.S. billions in revenue if it doesn’t also scrap a tax break for heirs, according to a new analysis. Eliminating that tax break
A new Singapore-inspired tax law will reduce corporate income tax and boost foreign investment in the Philippines, finance secretary Carlos Dominguez told CNBC, as the country moves to speed up its economic recovery. The Philippines’ so-called corporate recovery and tax incentives for enterprises (CREATE) act, which was signed into law last month, aims to provide
Traders on the New York Stock Exchange. Source: NYSE Stock futures held steady in overnight trading on Monday as investors braced for another batch of corporate earnings. Futures on the Dow Jones Industrial Average and S&P 500 futures were little changed. Nasdaq 100 futures inched up 0.1%. Shares of Tesla rose 1.1% in extended trading
A woman looks at a Basquiat painting titled “In This Case” that is coming up for auction at Christies, with an estimate of over $50 million. Source: Christie’s In a sign that the art market is flush with cash, a rare painting by Jean-Michel Basquiat is being auctioned off by Christie’s with an estimate of
In this article DBSM-SG UOBH-SG OCBC-SG .STI View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s three largest banks are expected to report improved earnings as the global economy recovers from the Covid-19 pandemic, said analysts. The banks are scheduled to release first-quarter earnings
Along with Clorox wipes and toilet paper, the demand for backyard swimming pools has skyrocketed since the start of the pandemic. Across the country, swimming pool and hot tub suppliers struggled to meet a sudden wave of demand. But putting in a pool is a pricey proposition, and not everyone who wanted to swim could
A plastic bull figurine, symbol of the Frankfurt stock exchange is pictured in front of the German share price index DAX board at the Frankfurt stock exchange. Kai Pfaffenbach | Reuter LONDON — Corporate earnings season is off to a flying start, but the positive surprises have so far failed to generate upward momentum for
In this article SJM KMB HSY MDLZ GIS KHC PEP PG KO Shoppers search for items at a Costco Wholesale store August 4, 2020 in Colchester, Vermont. Robert Nickelsberg | Getty Images Inflation is coming. Look no further than Coca-Cola and Procter & Gamble sharing plans this week to raise prices to offset rising commodity