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Monthly Archives: May 2023

Consumers are starting to fire up China’s economy, ETF experts find

China’s pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares’ Brendan Ahern. “We’re seeing the incremental rebound from the Chinese consumer,” the firm’s chief investment officer told “ETF Edge” this week. “[But] it’s not like turning on a light switch.” The National Bureau of Statistics …

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How to invest as the federal debt ceiling deadline approaches

Yellow Dog Productions | Getty Images More from Ask an Advisor Here are more FA Council perspectives on how to navigate this economy while building wealth. Preston Cherry, a certified financial planner and founder and president of Concurrent Financial Planning in Green Bay, Wisconsin, said the debt ceiling has led …

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Mark Cuban calls Elon Musk’s Twitter algorithm unfair—how he’d fix it

Mark Cuban is still frustrated with Elon Musk’s changes to Twitter. This time, he’s accusing Musk of rigging the platform to promote his own tweets and points of view. Last week, Cuban wrote he did his own deep dive into how Twitter determines who sees what posts. At the core …

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Commercial real estate firms join to recruit Black student-athletes

Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Diana Olick | CNBC When Darius Livingston graduated from the University of California, Davis, two years ago, he knew his football career was over. Like most of his former teammates — and the …

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From Pizza Hut, sewing kit to billionaire

Ben Francis didn’t become wealthy through a family inheritance or business school connections. Instead, the CEO and co-founder of Gymshark used his Pizza Hut job earnings at age 19 to buy a sewing machine and start his fitness apparel company in his parents’ Birmingham, U.K., garage. Eleven years later, his …

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The pause on student loan payments has been a win for public servants

Skynesher | E+ | Getty Images The pandemic-era policy suspending federal student loan payments has been an especially big win for public servants. Most borrowers have benefited from the payment pause, which has lasted more than three years and spanned two presidencies. But for those pursuing the popular Public Service …

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Tech stocks are back, driven by A.I. craze, slowing rate hikes

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Forget about the debt ceiling. Tech investors are in buy mode. The …

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New X date is June 5, Treasury says

WASHINGTON — Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5. “We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt …

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Debt ceiling risk banking moves every small business should be making

U.S. President Joe Biden hosts debt limit talks with House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, May 22, 2023. Leah Millis | Reuters Politicians often like to say that small businesses are the engine of the economy, but if that’s the case, …

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Biden advances renewable energy transmission projects in Nevada

Heavy electrical transmission lines at the powerful Ivanpah Solar Electric Generating System, located in California’s Mojave Desert at the base of Clark Mountain and just south of this stateline community on Interstate 15, are viewed on July 15, 2022 near Primm, Nevada. The Ivanpah system consists of three solar thermal …

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