American Express lifts revenue forecast

American Express shares drop after missing on revenue FBN’s Susan Li reports on American Express’s second-quarter earnings. American Express Co. raised its revenue forecast for the year, following a second consecutive quarter of strong results on higher card-member spending and loan growth. Continue Reading Below On Wednesday, the company said that given its financial performance for the first half of […]

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Canada’s biggest public pension fund to step up investment in India

Eyes India’s $87 billion spending on infrastructure in financial year 2019 Canada’s biggest public pension scheme sees India as its main focus for investment in Asia as the country pours money into infrastructure development. Canada Pension Plan Investment Board (CPPIB), which manages Canada’s national pension fund, has invested nearly C$7 billion ($5.30 billion) in India since entering the market a […]

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How the first nonprofit ETF issuer can change socially responsible investing

NAACP enters ETF market Impact Shares President Ethan Powell on the new ETF fund launched by the NAACP and socially-responsible investing. A nonprofit investment manager is teaming up with the nation’s oldest and largest nonpartisan civil rights organization to issue its own exchange-trade fund (ETF). Continue Reading Below Impact Shares, the first 501(c)(3) nonprofit ETF platform, collaborated with the National […]

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Wells Fargo refunding ‘tens of millions’ of dollars to customers for add-on products: report

Warren Buffett: We’ll make a lot of money in Wells Fargo Berkshire Hathaway CEO Warren Buffett on his decision to remain invested in Wells Fargo. Scandal-ridden bank Wells Fargo is under fire once again, this time for reportedly charging customers for add-on products that they may have been deceived into purchasing. Continue Reading Below The bank is refunding tens of […]

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3 ETFs to Buy Following Net Neutrality Repeal

The concept of net neutrality has been around since the dawn of the internet. In a nutshell, net neutrality means that internet service providers (ISPs) provide equal access to all content across the web without throttling content and/or blocking certain websites. (See also: What You Should Know About Net Neutrality.) Net neutrality rules were put in place by the Obama […]

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The Right Time to Change From Mutual Funds to ETFs

Mutual funds have long been a popular choice for many investors because of the wide range of options available and the automatic diversification they offer. However, depending on what you’re wanting to get out of your portfolio and your individual risk tolerance and investing strategy, it may be time to switch from mutual funds to exchange-traded funds. Mutual funds and […]

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Union Pacific Corp Reports Results for the Quarter Ended in June – Earnings Summary

* Union Pacific Corp reported quarterly adjusted earnings of $1.98 per share. The mean expectation of 24 analysts for the quarter that ended in June was for earnings of $1.95 per share. * Revenue rose 8 percent to $5.67 billion from a year ago; analysts expected $5.65 billion. * Union Pacific Corp’s Reported EPS for the quarter was $1.98. * […]

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The Chinese yuan's sell-off is accelerating and there's no sign of Beijing stepping in

The Chinese yuan fell to its lowest level versus the dollar in over a year.REUTERS/Jon Woo The Chinese yuan fell to 6.7437 per dollar on Thursday, its weakest level in a year. Hannah Anderson, Global Market Strategist at JP Morgan Asset Management, says the weakness on Thursday appears to reflect a shift in policy from the People’s Bank of China. […]

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