Goran Babic | E+ | Getty ImagesBuilding a $1 million nest egg may seem an impossible feat.However, amassing such retirement wealth is within reach for almost anyone — provided they take certain steps, financial advisors say."You might think that, 'Well, I have to become a Silicon Valley entrepreneur to become...
Category: Finance
Invesco launches ETF to maximize on the tech concentration craze
Invesco launched an exchange-traded fund designed to give investors exposure to the top 45% of companies in the Nasdaq-100 Index.Brian Hartigan, the firm's global head of ETFs and index instruments, runs Invesco QQQ Trust (QQQ), which is the fifth-largest ETF in the world, according to VettaFi. Now Hartigan is taking...
China ramps up Wall Street meetings as Trump inauguration looms
Aly Song | ReutersChinese Vice Premier He Lifeng has met with several U.S. finance executives in the last month as Beijing seeks to build relationships ahead of President-elect Donald Trump's planned tariffs on China.He Lifeng is one of China's four vice premiers, and heads the ruling Chinese Communist Party's economic...
AI’s growth is just getting started, BlackRock’s thematic ETF head says
BlackRock expects infrastructure and cybersecurity plays to shine in 2025.Jay Jacobs, the firm's U.S. head of thematic and active ETFs, cites the artificial intelligence boom as a major catalyst."It's still very early in the AI adoption cycle," he told CNBC's "ETF Edge" this week.According to Jacobs, AI companies need to...
Far from a bazooka, China’s stimulus measures are just trickling through the economy
A large advertisement touting China's "trade-in" policy hangs outside a housing construction project in Nanjing, China, on Nov. 29, 2024.Nurphoto | Nurphoto | Getty ImagesChina's latest efforts to kickstart growth haven't had a broad impact yet, data and company earnings show, indicating the world's second-largest economy won't be roaring back...