[ad_1] Veteran emerging markets investor Mark Mobius has named Alibaba and Tencent as key stocks in any portfolio investing in developing economies. Mobius said the Chinese technology giants “could be the foundation of any portfolio” despite recent volatility. They are “still making good profits,” he said, despite the “incredible” decline in their share prices over […]

[ad_1] A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters A federal judge on Friday declined to block the Biden administration from implementing Medicare drug price negotiations, upholding for now a controversial process that aims to make costly […]

[ad_1] UBS has downgraded the shares of Teleperformance , which has around 400,000 customer service agents worldwide, over the “significant uncertainty” the company faces from the rise of artificial intelligence. The investment bank downgraded its rating on the stock from “buy” to “neutral,” citing concerns that new AI tools could significantly disrupt the customer experience […]

[ad_1] Bob Smith, chief executive officer of Blue Origin LLC, (L), and Dave Limp, senior vice president of devices and services for Amazon.com Inc. Getty Images Jeff Bezos’ Blue Origin will replace CEO Bob Smith with outgoing Amazon executive Dave Limp, CNBC has learned. Smith is retiring effective Dec. 4 and will remain with the […]

[ad_1] In this handout photo released by the Governor of Sevastopol Mikhail Razvozhaev telegram channel on Wednesday, Sept. 13, 2023, Razvozhaev speaks on the mobile phone as smoke and flame rise from a burning Sevastopol Shipyard in Crimea. AP Ukraine on Saturday morning launched another missile attack on Sevastopol on the occupied Crimean Peninsula, a […]

[ad_1] The Consumer Financial Protection Bureau headquarters in Washington, D.C., on May 14, 2021. Andrew Kelly | Reuters The Biden administration wants to remove medical debt completely from consumer credit reports, so the Consumer Financial Protection Bureau on Thursday outlined its proposed rules to keep unpaid medical bills from affecting patient’s credit scores. One in […]

[ad_1] Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on July 26, 2023.  Saul Loeb | AFP | Getty Images As often has been the case, this week’s Federal Reserve meeting will be less about what policymakers are […]

[ad_1] U.K.-based chip design company Arm debuted on the Nasdaq on Thursday, and now it’s trading at a premium to even fellow semiconductor firm Nvidia . Nvidia’s stock price has already more than tripled this year — far outpacing any other stock in the S & P 500. But Arm’s price-to-earnings ratio is now close […]

[ad_1] Sequoia Capital and Andreessen Horowitz, two of Silicon Valley’s most high-profile venture firms, are poised to take a massive hit on their last investment in grocery delivery company Instacart, a deal that closed in 2021 as tech stocks were soaring. In its latest IPO prospectus update, filed Friday, Instacart said it plans to sell […]

[ad_1] Pictured here are models of a real estate development in 2005 in Shanghai, as China’s property boom was gathering steam. China Photos | Getty Images News | Getty Images BEIJING — China’s real estate problems have again drawn attention to the world of shadow banking and the risks it poses to the economy. Shadow […]