After a record year in 2020, the exchange-traded fund space is set to continue its rapid growth, Invesco says. The industry’s ability to accrue over $500 billion in new assets last year “proves a couple of things,” Anna Paglia, the company’s head of ETFs and indexed securities, told CNBC’s “ETF Edge” this week. “First of
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Several Democratic governors are criticizing the Trump administration for apparently misleading public health officials about holding a stockpile of Covid-19 vaccines in reserve. Health and Human Services Secretary Alex Azar said on Tuesday that the government would begin releasing doses of vaccine that were being held in “physical reserve” to ensure enough supply for second
Health and Human Services Secretary, Alex Azar at the White House on August 23, 2020 in Washington, DC. Pete Marovich | Getty Images Health and Human Services Secretary Alex Azar is resigning on Jan 20, NBC News reported on Friday. In his resignation letter dated Jan. 12, Azar took a parting shot at President Donald
Jeff Housenbold, managing partner at SoftBank’s Vision Fund SoftBank SoftBank’s Jeff Housenbold, who led the Vision Fund’s investments in companies including DoorDash, OpenDoor and Wag, is leaving the firm later this year. SoftBank shook up the Silicon Valley investment world with the first Vision Fund in 2017, ultimately raising $100 billion, funded in large part
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $1.34 a
A general view of the Lehigh County Jail, where retired fireman Robert Sanford was due to appear in connection with the U.S. Capitol riots, before a federal judge, in Allentown, Pennsylvania, January 14, 2021. Mark Makela | Reuters A retired Pennsylvania firefighter was arrested and charged Thursday with crimes related to the Jan.6 Capitol riot,
U.S. Treasury yields rebounded on Thursday morning from losses in the previous session, ahead of President-elect Joe Biden announcing more details of his economic stimulus plan later in the day. The yield on the benchmark 10-year Treasury note rose to 1.102% at 4:15 a.m. ET, while the yield on the 30-year Treasury bond advanced to
Virgin Galactic’s spacecraft Unity reaches space for the first time. Source: Virgin Galactic Ark Invest, which operates the largest actively managed exchange-traded fund, plans to add a “Space Exploration ETF” under the ticker ARKX, according to a securities filing on Wednesday. While the ETF’s constituents have yet to be announced, shares of space companies Virgin
U.S. Treasury yields dipped on Wednesday, after strong demand in an auction for $38 billion of 10-year notes on Tuesday. The yield on the benchmark 10-year Treasury note fell to 1.119% at 4:40 a.m. ET, while the yield on the 30-year Treasury bond slipped to 1.857%. Yields move inversely to prices. Treasury yields continued to
Visa CEO Alfred Kelly speaks at Boston College’s Chief Executive Club luncheon, September 27, 2018. Brian Snyder | Reuters Visa has ended its takeover efforts of Silicon Valley start-up Plaid about two months after the Department of Justice filed an antitrust lawsuit on grounds that it would limit competition in the payments industry. The company said
U.S. Treasury yields continued to climb on Tuesday morning, as traders eyed the possibility of further economic stimulus and the situation with U.S. politics. The yield on the benchmark 10-year Treasury note rose to 1.156% at 4:10 a.m. ET, while the yield on the 30-year Treasury bond reached 1.888%. Yields move inversely to prices. Treasury
Acting Secretary of Homeland Security Chad Wolf testifies at his Senate Homeland Security and Governmental Affairs Committee confirmation hearing on September 23, 2020 in Washington, DC. Greg Nash | AFP | Getty Images Acting Homeland Security Secretary Chad Wolf resigned Monday, becoming the third Cabinet-level official to quit on the heels of the riot at
The 10-year U.S. Treasury yield remained higher than the 1.1% mark on Monday morning, after President-elect Joe Biden on Friday promised further economic stimulus that would be “in the trillions of dollars.” The yield on the benchmark 10-year Treasury note rose to 1.11% at 3:45 a.m. ET, while the yield on the 30-year Treasury bond
2021 Ford F-150 Limited Ford Look no further than the automotive industry’s best-selling vehicles of last year as proof of America’s love for pickup trucks. Led by trucks from the Detroit automakers, pickups accounted for five of the industry’s 10 best-selling vehicles in 2020 despite their increasingly higher prices and the coronavirus pandemic. Ford Motor’s
Parler CEO John Matze joins CNBC’s “Squawk on the Street” on July 2, 2020. CNBC Amazon has pulled the plug on Parler, a social media app popular with Trump supporters, in the wake of the deadly U.S. Capitol riot earlier this week. Amazon’s cloud-computing unit, Amazon Web Services (AWS), informed Parler on Saturday that it
A flight attendant gathers trash on a flight aboard a Boeing 737 Max from Dallas Fort Worth Airport to Tulsa, Oklahoma, December 2, 2020. Carlo Allegri | Reuters The head of the Federal Aviation Administration on Saturday said travelers will face serious consequences for unruly behavior on aircraft, a stern warning that comes after several
What is “perseverance”? A word that can describe beloved “Jeopardy!” host Alex Trebek and James Gilligan, a contestant on Trebek’s final episode. Gilligan is an assistant professor of English language and literature at San Francisco State University who has tried for 30 years to become a contestant on the iconic show. “I’ve been trying since
President-elect Joe Biden said Friday that it’s good President Donald Trump will skip the inauguration ceremony later this month after one of the most chaotic weeks in modern American politics. Trump, who helped stoke Wednesday’s violent riot on Capitol Hill, said on Twitter earlier Friday that he would not attend the event on Jan. 20.