Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING โ A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.The Chinese economy โ home to more than four times the...
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Jeff Bezos’ family office is making big investments in AI
Jeff Bezos at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 10, 2024.David Grogan | CNBCA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions,...
ETF inflows set record high in July, State Street Global Advisors finds
It's a July for the record books.State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm's head of SPDR Americas research notes it is also the second-largest monthly inflow ever."Part of it is just the market," Matt...
Bill Ackman’s Pershing Square withdraws IPO as demand for offering waned
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York on Nov. 28, 2023.Jeenah Moon | Bloomberg | Getty ImagesBill Ackman's Pershing Square USA withdrew plans for an initial public offering after investor demand appeared...
Jobless rates fall in July for Asian Americans, bucking the overall trend
A sign for a health-care career fair at Cape Fear Community College in Wilmington, North Carolina, on Feb. 28, 2023.Allison Joyce | Bloomberg | Getty ImagesThe unemployment rate fell for Asian Americans from June to July, bucking a broader trend, according to data released Friday by the U.S. Bureau of...