China says its economy grew 18.3% in the first quarter, slightly missing expectations

People purchase Apple products in the new Apple flagship store on its opening day following an outbreak of the coronavirus disease (COVID-19) in Sanlitun in Beijing, China, July 17, 2020. Thomas Peter | Reuters BEIJING — China reported first-quarter gross domestic product a touch below expectations as industrial production disappointed but retail sales beat. GDP … Read more

‘Zero environmental impact’: Prof says Japan’s plan to dump radioactive water in the sea is not dangerous

Japan’s plan to release treated radioactive water from the Fukushima nuclear plant into the Pacific Ocean will have “zero environmental impact,” according to one professor who spoke to CNBC. Japan said Tuesday the Fukushima plant’s operator, Tokyo Electric Power Co or TEPCO, will treat and dilute the water before pumping it out in about two … Read more

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer, far outgaining the market. Cramer, himself an alum of Goldman Sachs‘ investment shop, said their … Read more

The 10-year Treasury yield slid on Thursday. Why it could be good news for stocks

The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New New York, January 16, 2019. Carlo Allegri | Reuters The benchmark 10-year Treasury yield slid to a one-month low Thursday in a counterintuitive move that should be a positive for the stock market. Treasury yields, which move opposite price, had … Read more

Retail investors are buying these stocks into the reopening, UBS says

A Southwest Airlines jet lands at Midway International Airport on January 28, 2021 in Chicago, Illinois. Scott Olson | Getty Images Small investors are betting on a strong recovery from the pandemic and buying into the stocks that should benefit the most, according to UBS. Source link

What early users of SpaceX’s Starlink satellite internet think about the service, speed and more

Elon Musk’s SpaceX rolled out its Starlink early access program to the public six months ago, with the satellite internet service growing to more than 10,000 users in the first few months. To get real-life first impressions of the service, CNBC spoke to more than 50 people who have been using Starlink. Those surveyed included … Read more

Schwab adds 3.2 million new brokerage accounts in first quarter – more than all of 2020

Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab added more clients in the first three months of 2021 than in all of 2020. Schwab added a record 3.2 million new clients in the first quarter of 2021. … Read more

Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve

A Delta Airlines Boeing 757-251 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021. Daniel Slim | AFP | Getty Images Delta Air Lines on Thursday reported another quarterly loss but said it expects to reach break even in June as travel demand rebounds from a deep pandemic slump. Here’s … Read more

Wall Street execs, employees spent $2.9 billion on campaigns, lobbying during 2020 election, study shows

Wall Street executives, their employees and trade associations invested at least $2.9 billion into political initiatives during the 2020 election cycle, according to a new research report. The study, first shared with CNBC and authored by Americans for Financial Reform, paints a historic effort by those within banks and various other financial services firms to … Read more

Sustainable investing is not new to China — but complying to a formal framework is, says CEO

Asset managers in China are no strangers to sustainable investing — but doing so in a way that fits into formal social responsibility frameworks is still “relatively new,” said the chief executive of a Chinese financial services company. ESG — or environmental, social and governance — refers to a set of criteria used to measure a company’s performance in areas … Read more