Sell-offs of Chinese equities and bonds and widespread defaults in the country’s property market are driving wealthy investors to re-examine one of Asia’s most traditional forms of investment — jadeite. A coup in Myanmar, US sanctions and the Covid-19 pandemic have all but frozen supplies of the uncut stone, sending prices of finished jewellery bearing […]
IFM Investors Pty Ltd lifted its stake in shares of Citrix Systems, Inc. (NASDAQ:CTXS – Get Rating) by 18.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,206 shares of the cloud computing company’s stock after buying an additional 3,115 shares […]
By now, most people have heard of the metaverse — it’s all over the internet. After all, this idea of a digital world backed by complex technologies like virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and blockchain is an extraordinarily captivating subject matter. One area in particular that is intimately connected to the […]
Editor’s Note: Today, Crunchbase News is launching Crunchbase’s Web3 Tracker, a new site to look at startups, investors and funding news concerning all aspects of Web3, cryptocurrencies and blockchain. Powered by Crunchbase’s comprehensive data, this site will be continuously updated as the next iteration of the internet grows. We hope this data and our analysis […]
The yen surged to a two-month high against the US dollar on Tuesday as leveraged investors slashed short positions to reassess inflation risk, recession fears and intensifying market volatility. Dealing rooms in Tokyo opened on Tuesday to a dollar-yen rate of about ¥130.5 — a level significantly higher than ¥133 where it had traded on […]
Investors are worried that the juggernaut of Indian industry that is IT outsourcing is slowing down. Shares in Tata Consultancy Services, the back-office group that is the country’s second-biggest company by market capitalisation, have fallen 14 per cent since the start of the year, compared with 6 per cent for the benchmark Nifty 50. Rival […]
[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC’s ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer […]
U.S. Treasury yields rose on Monday to begin August as investors continue to assess the prospects for an economic recession. At around 6:22 a.m. ET he yield on the benchmark 10-year Treasury note was up at 2.658% while the yield on the 30-year Treasury bond climbed to 3.02%. Yields move inversely to prices. The 2-year […]
Investors are putting pressure on a Chinese UV protective gear maker valued at $3bn to downsize its planned listing in Hong Kong over concerns the company’s advertising-heavy business model is unsustainable. Beneunder Limited, a Sequoia China-backed company that produces outdoor wear, has built its success tapping into some consumers’ desire for fairer skin. It filed […]
Venturing into sustainable funds is a growing trend for eco-conscious investors. There are now more than 550 ESG funds, which allocate according to environmental, social and governance issues, according to Morningstar. “We’re seeing an evolution of sustainable products right now,” said Jon Hale, global head of sustainability at Morningstar, in an interview Monday on CNBC’s […]