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Feb162021 by adminNo Comments

Black leaders share their advice on how to help Black Americans succeed

Finance

kate_sept2004 | E+ | Getty ImagesIn celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they've learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap.More needs to be done to help Black Americans find financial and work success, several Black leaders say.That includes providing access to the same financial literacy resources and job opportunities that White Americans have.Many Black Americans have been left behind in the economic recovery. In January, the unemployment rate for Black or African American workers was 9.2%, compared to 5.7% for White workers, according to the Bureau of Labor Statistics. ...

Jan52021 by adminNo Comments

Here’s what happens if you own a share of a Chinese company that gets delisted

Finance

Traders work on the floor of the NYSE in New York.NYSEBEIJING — For Americans looking to play the China growth story, investing in the country's U.S.-listed stocks now bears a political risk that could lead to delisting.That means a Chinese company traded on an exchange like the Nasdaq would lose access to a broad pool of buyers, sellers and intermediaries. The centralization of these different market participants helps create what's called liquidity, which in turn allows investors to quickly turn their holdings into cash.The development of the U.S. stock market over the decades also means companies listed on established exchanges are part of a system of regulation and institutional operations that can offer certain investor protections.Once a stock is delisted, the company's shares can ke...

Dec122020 by adminNo Comments

NBFCs set to lose market share to banks: Crisil

Finance

MUMBAI: NBFCs are set to lose market share to commercial banks specially in the retail space. After outpacing banks in terms of loan growth for more than two years, NBFCs are set to slowdown in growth as the sector faces funding challenges due to COVID induced funding challenges and competition from commercial banks, according to ratings firm Crisil. “Despite an estimated GDP growth of 10% next fiscal, overall NBFC sector growth is likely to be slower because access to funding remains a challenge due to concerns about the impact of the pandemic on asset quality" said Gurpreet Chhatwal, President, Crisil Ratings. "Additionally, competition is expected to be more intense from banks – which are flush with low-cost deposits and better placed with improved capital buffer than in the previous ye...

Nov142020 by adminNo Comments

BBC presenters share their lockdown entertainment tips

Entertainment

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Jul262020 by adminNo Comments

Michael Thompson, Richy Werenski share Round 2 lead at 3M Open

Sports

July 24 (UPI) -- Michael Thompson and Richy Werenski continued their red-hot play and sat atop the 3M Open leaderboard going into the weekend. Werenski led the field after the opening round with an 8-under 63. The 24-year-old, who is winless on the PGA Tour, followed that up with a 67 Friday at TPC Twin Cities in Blaine, Minn. Advertisement Thompson caught up to him with a 66 in the second round, putting the pair in a tie for first at 12-under 130 after 36 holes. Tony Finau, who opened with a 65, shot a 66 on day two and was tied for third with Talor Gooch at 11-under par. Finau, who had an eagle on hole No. 6, had four birdies and one bogey. "When you shoot two rounds in the 60s, it doesn't matter how the conditions are playing. You know you're playing good golf," Finau said. "It's been...