ETF Week: iShares & Newcomer Launch Funds

On Friday, iShares launched a technology fund. The iShares U.S. Tech Breakthrough Multisector ETF (TECB) has an expense ratio of 0.40% and lists on the NYSE Arca. The fund invests in securities in the robotics and artificial intelligence; cybersecurity; cloud and data tech; financial technology; and genomics and immunology, according to its prospectus. Companies included in TECB’s underlying index must meet minimum size and liquidity requirements and fall within specified categories of the FactSet Revere Business Industry Classification System. Meanwhile, The Leuthold Funds rolled out the Leuthold Core ETF (LCR)…

Can Higher Wages Keep US Equities Strong in 2020?

Can Higher Wages Keep US Equities Strong in 2020?

Historically low unemployment levels have persisted in the job market and now it’s getting another shot in the arm as a considerable number of Americans are set to start 2020 with pay raises. “Starting on Wednesday, there will be 47 new wage increases hitting workers in cities, counties and states across the country, according to the National Employment Law Project a CNBC report noted. “That means about 6.8 million Americans will start the year with higher wages, progressive think tank the Economic Policy Institute estimates.” More local governments are supporting…

The Rise Of Open-Source Software

Date: 2019-12-11 17:00:12 Open-source software powers nearly all the world’s major companies. This software is freely available, and is developed collaboratively, maintained by a broad network that includes everyone from unpaid volunteers to employees at competing tech companies. Here’s how giving away software for free has proven to be a viable business model. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you…