Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm's first active ETF: the GMO U.S. Quality ETF. And he put GMO partner Tom Hancock in charge of it."There's a lot more interest in active ETFs than there was even a few years ago," Hancock...
Category: Finance
Fed’s Susan Collins says more rate hikes can’t be taken off the table yet
Despite recent encouraging signs on inflation, Boston Federal Reserve President Susan Collins said Friday that more interest rate hikes could yet be needed."I understand the tendency to really enjoy good news, and there was some good news in some of the numbers — and I think that we need to...
U.S. and China agree to resume military talks. Takeaways from the Biden-Xi summit
U.S. President Joe Biden and Chinese President Xi Jinping agreed to resume high-level military communication when they met in person Wednesday for the first time in a year in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation conference.Brendan Smialowski | Afp | Getty ImagesBEIJING — U.S. President Joe...
New fund bets big on Eisenhower-era stocks
Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known as dividend monarchs.That's a top strategy for Roundhill Investments, which launched its S&P Dividend Monarchs ETF this month."It's named that for a reason. It focuses on the dividend monarchs. These...
UBS shares rise 3% as market focuses on strong underlying profit
A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | ReutersUBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit.The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations. UBS...