Tag Archives: says

Market ‘a little bubbly,’ but pullback coming, expert says

With the earnings propelling equities to new highs, investors will have to wait for an opportunity to get into the market, experts told CNBC on Monday. The Dow Jones industrial average notched its ninth straight record close Monday, ending up 25.61 points at 22,118.42, amid a stronger-than-expected earnings season. “Earnings have been getting better and better,” trader Peter Costa said. While he’s not ... Read More »

95 Percent of Small Businesses Are Focused on Tax Relief, Survey Says

Tax relief is on top of U.S. small business owners’ wish lists. NWYC Q2 2017 Small Business Sentiment Index That’s according to the Q2 2017 Small Business Sentiment Index from National Write Your Congressman (NYWC). The survey found an overwhelming majority of small businesses (95 percent) saying they would like Congress to act on tax relief and simplification. Small Businesses Want the Government ... Read More »

TCS to wind up Lucknow operations, company says no job loss

Information technology major Tata Consultancy Services (TCS) has decided to close its operations in Lucknow and shift to Noida after 33 years in Uttar Pradesh’s capital city. The company will shift most of its projects to Noida, close to the national capital, by this December. At least 2,000 employees, of whom 50% are women, are likely to be affected by ... Read More »

Anil Ambani says MF industry barely out of teens; can grow 10-fold in 5 years

Anil Ambani, Chairman of Reliance Group today, said the mutual fund industry is barely out of its teens and is poised to grow 10-fold in 5 years. He urged SEBI Chairman Ajay Tyagi to simplify investment and advertisement norms for mutual funds. Ambani said investing in mutual funds must be as easy as buying smartphones on internet. Ambani was addressing ... Read More »

Small Businesses Do 40 Percent of the Hiring in the Gig Economy, New Study Says

Over the course of the last decade, the so-called “gig economy” has rapidly expanded to become one of America’s most crucial labor markets. Around one in three American workers are now freelancers, and more than one third of Millennials. And according to a new study compiled by LinkedIn (NYSE:LNKD), it’s small business owners that are the driving force behind that exponential ... Read More »

The market will ‘continue to see a slow melt-up,’ expert says

While recent market highs may have some concerned about valuations, several experts told CNBC on Friday they expect stocks to move higher, at least for a little while. Both the S&P 500 and Nasdaq managed to eke out new highs Friday, while the Dow Jones industrial average closed just below the flatline to snap a six-day winning streak. “We will ... Read More »

Africa A Top Priority For India, Says PM Narendra Modi At African Development Bank Meet

PM Narendra Modi said India was working with US and Japan to support development in Africa. GANDHINAGAR: Prime Minister Narendra Modi on Tuesday said that Africa was a top priority for his government’s foreign and economic policy and pitched for an Asia-Africa Growth Corridor with the support of Japan. PM Modi, who officially inaugurated the 52nd Annual Meetings of the ... Read More »

Investors are right to be concerned about the market, expert says

With the recent action in the stock and bond markets, investors are right to be a little bit concerned right now, Burns McKinney told CNBC on Friday. “Stocks are a little bit expensive across every factor, whether it’s price to sales, price to earnings … [or] market cap relative to the economy,” the chief investment officer for Allianz NFJ Investment ... Read More »

China says North Korea tension has to be stopped from reaching irreversible stage

China said on Friday tension over North Korea had to be stopped from reaching an “irreversible and unmanageable stage” as a U.S. aircraft carrier group steamed towards the region amid fears the North may conduct a sixth nuclear weapons test. Concern has grown since the U.S. Navy fired 59 Tomahawk missiles at a Syrian airfield last week in response to ... Read More »

There’s no reason for the market to fall apart, expert says

Even if President Donald Trump doesn’t get his agenda enacted, the market can still rise — but what investors should focus on will probably shift, expert David Waddell told CNBC on Monday. “There isn’t any reason for this market to tip into recession, so there’s no reason for it to fall apart,” the CEO of Waddell & Associates said in ... Read More »