The top holdings of many ESG funds may be surprisingly familiar. While these strategies consider a company’s environmental, social and governance factors, these funds still aim to invest in top performers across industry groups, DWS Group’s Arne Noack explained. “The idea isn’t to be super concentrated and only select a handful of stocks that do … Read more
TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users. Jaap Arriens | Nurphoto | Getty Images When Joe Biden joined TikTok on the eve of the Super Bowl last month, political scientist Maggie Macdonald was struck by what she called the “meta” nature of the president’s first … Read more
CNBC’s Jim Cramer on Thursday opined on the economy, remarking on the country’s sizeable wealth gap using a “chip” analogy. He said wealthy investors and businesses are devouring microchip companies while the cash-strapped consumer balks at the inflated cost of food items like potato chips. “The bottom line is that the paths of the people … Read more
The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag pictured in the background. Justin Tallis | AFP via Getty Images An EU law that seeks to rein in large digital companies has officially kicked in, spelling big changes for primarily U.S. tech giants. The European Union’s … Read more
Omar Marques | Sopa Images | Lightrocket | Getty Images Meta’s hefty investment in artificial intelligence includes development of an AI system designed to power Facebook’s entire video recommendation engine across all its platforms, a company executive said Wednesday. Tom Alison, the head of Facebook, said part of Meta’s “technology roadmap that goes to 2026” … Read more
Jaap Arriens | Nurphoto | Getty Images Meta‘s social media platforms Instagram, Facebook and Threads are down for many users across the globe Tuesday morning. Facebook and Threads seem to be particularly impacted. Neither app was loading as of 10 a.m. ET, when reports of the outage started to surface on DownDetector.com. Instagram feeds aren’t refreshing … Read more
Federal Reserve Chair Jerome H. Powell takes his seat to testify before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023. Kevin Lamarque | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more
Sergey Brin, president of Alphabet and co-founder of Google David Paul Morris | Bloomberg | Getty Images Google co-founder Sergey Brin, in a rare public appearance over the weekend, told a group of artificial intelligence enthusiasts that he came out of retirement “because the trajectory of AI is so exciting.” Brin, 50, spoke to entrepreneurs … Read more
Apple shares tumbled on Monday after European regulators hit the tech giant with a big antitrust fine over music streaming. This latest setback raises the question: How can Apple get its groove back? The European Commission dished out a $1.95 billion fine — claiming Apple violated competition laws in the music streaming market. It’s one … Read more
Anant Ambani, left, son of Chairman of Reliance Industries Limited Mukesh Ambani and his fiancee Radhika Merchant greet media persons during their engagement ceremony in Mumbai, India, Thursday, Jan. 19, 2023. Rajanish Kakade | AP Tech executives including Mark Zuckerberg and Bill Gates attended a lavish, three day, pre-wedding celebration for the son of Indian … Read more
