Chinese employees working on an energy-saving bulb production line in Suining, Sichuan province, China. STR | AFP | Getty Images China’s manufacturing activity shrank unexpectedly in June, coming in at its weakest level since January, according to a private survey. The Caixin/Markit factory Purchasing Managers’ Index for June was 49.4. Analysts polled by Reuters had
While Wall Street focuses on U.S.-China trade war dangers, Medley Global Advisors’ Ben Emons sees two risks making a comeback. The way the world’s affairs are shaping up, he warns Brexit fallout and the threat of U.S. tariffs on European cars could sneak up on investors in year’s second half — which kicks off Monday.
Businesses in Hong Kong may be moving out amid political uncertainty and massive protests in the city, members of the business community told CNBC. But one analyst said Hong Kong still holds an advantage over its rivals — its proximity to the mainland. “The real concern here, which we’ve seen slight signs of, is that
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: Goldman Sachs upgraded Procter & Gamble to ‘buy’ from ‘neutral’ Goldman Sachs upgraded the stock on expectations of stronger margins and profit growth. “This past year has marked
manusapon kasosod | Moment | Getty Images As Generation X and millennials inherit their baby boomer parents’ assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property to generate income. This property might be a duplex, an apartment building or, depending on the location, a single-family house that could
Checkpoint soldiers are on guard at a container terminal on May 25, 2017 in Lianyungang, Jiangsu Province of China. Zheng Yongbo | Visual China Group | Getty Images What happens if President Donald Trump carries out his threat to impose tariffs on the remaining $300 billion in Chinese goods that he hasn’t already hit with
Reits touchscreen is shown by businesswoman. Getty In a recent research paper, Thomas Bohjalian, Head of U.S. Real Estate and Senior Portfolio Manager at Cohen & Steers explains said that “REITs have proven resilient amid escalating trade tensions between the U.S. and China, even delivering a slight gain in the U.S.” He went on to
Getty Getty Faced with increased scrutiny from the Department of Labor about lackluster efforts to find missing retirement plan participants, employers are asking for permission to send uncashed pension checks—money that belongs to former workers–to state unclaimed property funds. “It’s unbelievable, but everybody has that story of a beneficiary who is sitting on a check
The Rila social media app takes makes the home buying, selling and renting less complicated. Courtesy of Rila Buying, selling, renting and listing a home is too complicated. Rila, a new mobile real estate app wants to flip that reality on its head. Just launched, Rila makes this process as easy as Instagram—a platform that’s accessible,
An interview and Q&A with billionaire hedge fund manager and founder of Canyon Partners, Josh Friedman. In this interview, Josh discusses how he went from graduate to hedge fund manager, how the markets are changing and the increased competition of capital. Josh also talks about how he invests in commercial real estate, Value investing and