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Tag: Buying

WisdomTree shares pop on report of JP Morgan interest in buying an ETF firm

WisdomTree shares pop on report of JP Morgan interest in buying an ETF firm

Finance
Shares of WisdomTree Investments jumped more than 6 percent Friday after reports that JP Morgan Chase is shopping for an exchange-traded fund firm.The U.S. bank's asset-management unit is looking to up its presence in the growing $ 3 trillion-plus ETF market, Bloomberg reported, citing two people who asked not to be identified. The bank spoke with the U.S. businesses of ETF Securities, and had talks with Global X, which was recently bought by South Korea's Mirae Asset Management, according to the report.WisdomTree stock closed at $ 10.41 Friday following the report, and is up more than 18 percent year over year.J.P. Morgan, which launched its first ETF product in 2014, would be entering the market after strong inflows last summer. More than $ 23 billion of investor money entered the market...
3 Stocks the World's Best Investors Are Buying Right Now

3 Stocks the World's Best Investors Are Buying Right Now

Finance
There's a reason some investors have risen to the top of their field. Whatever their respective stock-picking criteria are, they stick to them, and their successful track records justify their positions as world-class investors.Three stocks some of the world's best investors are buying now are smartphone behemoth Apple (NASDAQ: AAPL) , pharma giant Gilead Sciences (NASDAQ: GILD) , and health-insurance mainstay UnitedHealth Group (NYSE: UNH) .Image source: Getty Images.More than just iPhonesTim Brugger (Apple): Warren Buffett shunned tech stocks for years, but to his credit, he's since opened both his mind and his checkbook to sound growth opportunities regardless of industry. Based on the 134 million shares now in his portfolio, Apple meets his investment...
Buying a home: How long does it take to save a deposit?

Buying a home: How long does it take to save a deposit?

Business
Potential first-time buyers must typically save for eight years to afford a deposit to buy a home, data suggests.A typical 20% deposit in London is now more than £80,000, according to the Nationwide Building Society.Elsewhere in the UK, the average deposit could be closer to £20,000, the lender said.The squeeze on wages and low interest rates makes it more difficult to raise the money than a decade ago.The Nationwide, which calculated that house prices rose by 2.6% in 2017, analysed its mortgage data for the cost of the typical first-time buyer's house purchase in each region, and from this derived how much a 20% deposit would be.The £80,000-plus cost in London is about £30,000 higher than a decade ago. In other regions, such as the Midlands and northern England, deposit requirements are s
Apple Shazam: Why is the US company buying the music app?

Apple Shazam: Why is the US company buying the music app?

Technology
Scan your eyes over Apple's just-published list of the year's most popular iPhone apps, and there's one notable omission: Shazam.In fact, it's been a while since the song-identifying software squeezed its way into the iOS App Store's top 10. So, why has Apple confirmed it is "combining" its business with that of the smaller London company? It has not revealed the price it is paying, but the sum is rumoured to be as much as $ 400m (£300m), which would make it one of Apple's most expensive takeovers to date.The US technology giant also hasn't disclosed its motivations beyond saying that it has "exciting plans in store".But there are several reasons the deal may have appealed.Music discoveryApple's smart assistant, Siri, already taps into Shazam, allowing users to verbally ask: "What song is
Buying and renting: Your biggest financial decision – in 10 charts

Buying and renting: Your biggest financial decision – in 10 charts

Business
Buying a home is the most significant financial decision in most people's lives. For tenants, paying the rent is the biggest monthly outgoing.So it is little wonder that house prices are an obsession for some, and a source of frustration for others.The financial crisis had huge implications for those wanting to buy or sell property.Here is the story of what has happened to the UK housing market in the past 10 years. 1. House prices are rising... or are they?The price of the average UK home has risen in the past 10 years, as you would expect. Prices of goods and services in general, as measured by the Consumer Prices Index measure of inflation, have increased faster.So, in real terms, the average UK house price has fallen compared with a decade ago.2. Price rises or falls depend on where yo...