Two exchange-traded funds are looking for profits in China with two different strategies.While the Rayliant Quantamental China Equity ETF dives into specific regions, the newly launched Roundhill China Dragons ETF buys the country's biggest stocks."[It's] focused just on nine companies, and these companies are the companies that we identified as...
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Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBCWarren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July.In a Thursday night filing...
Inflation rate hit 2.4% in September, topping expectations; jobless claims highest since August 2023
The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene and the Boeing strike, the Labor Department reported Thursday.The consumer price index, a broad gauge measuring the costs of goods and services across the U.S....
Rolls-Royce opens VIP showroom in NYC to cater to its top-tier clients. Take a look inside
Rolls-Royce has opened its first U.S. "Private Office," a secret VIP design studio for ultra-wealthy clients who want highly personalized cars.The Private Office, in Manhattan's trendy Meatpacking District, is central to the fabled British automaker's new strategy of growing sales and profits from selling more customized, higher-priced vehicles rather than...
Airlines, theme parks, cruise lines warn travelers about Hurricane Milton disruptions
A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton.Chris O'Meara | APAirlines canceled hundreds of flights, theme parks prepared to close and cruise lines shifted routes as Floridians braced...