BlackRock's iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven.The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn't just hold the Magnificent Seven โ Apple, Amazon, Meta, Alphabet, Microsoft, Nvidia and Tesla. It's made up of...
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Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter
Brian Niccol speaking on CNBC's "Squawk Box" on Oct. 30, 2018.Anjali Sundaram | CNBCStarbucks on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as sales in the U.S. and China, its two biggest markets, disappointed.The company previously released a preliminary report of its quarterly results on Oct. 22...
Cruise lines are having a moment as a popular โ and cheaper โ alternative to hotels
Royal Caribbean's "Icon of the Seas," billed as the world's largest cruise ship, sails from the Port of Miami in Miami, Florida, on its maiden cruise, on Jan. 27, 2024.Marco Bello | Afp | Getty ImagesThe demand for cruises is still going strong โ and it doesn't appear to be...
Ray Dalio concerned about America postelection: ‘Both candidates worry me’
Ray Dalio speaking with CNBC at the Future Investment Initiative in Riyadh, Saudi Arabia, on Oct. 30, 2024.CNBCA postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape rife with what he views as irreconcilable differences between both Democratic and Republican parties.Speaking at the...
Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024.China News Service | China News Service | Getty ImagesBEIJING โ Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise...