After Chevron’s biggest sell-off in a year, market watcher sees opportunity

The major oil company tumbled 5% on Friday in its biggest one-day drop since February 2018 after announcing a $33 billion deal to buy Anadarko Petroleum. While Chevron dropped on the deal, Joule Financial founder Quint Tatro sees opportunity in its weakness. “Even though the group as a whole seems to be getting a boost, obviously Chevron, the buyer, is not,” Tatro said on CNBC’s “Trading Nation” on Friday. Craig Johnson, chief market technician at Piper Jaffray, is more conservative on the energ


The major oil company tumbled 5% on Friday in its biggest one-day drop since February 2018 after announcing a $33 billion deal to buy Anadarko Petroleum. While Chevron dropped on the deal, Joule Financial founder Quint Tatro sees opportunity in its weakness. “Even though the group as a whole seems to be getting a boost, obviously Chevron, the buyer, is not,” Tatro said on CNBC’s “Trading Nation” on Friday. Craig Johnson, chief market technician at Piper Jaffray, is more conservative on the energ
After Chevron’s biggest sell-off in a year, market watcher sees opportunity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: keris lahiff, daniel acker, bloomberg, getty images, vcg, bryan r smith, afp, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, chevron, petroleum, tatro, market, selloff, chevrons, biggest, names, watcher, sees, xle, obviously, energy, trading, opportunity, oil, youve


After Chevron's biggest sell-off in a year, market watcher sees opportunity

Chevron is starting the week fresh on the heels of its worst day in more than a year.

The major oil company tumbled 5% on Friday in its biggest one-day drop since February 2018 after announcing a $33 billion deal to buy Anadarko Petroleum. Occidental Petroleum also reportedly is interested in the oil and gas exploration company.

While Chevron dropped on the deal, Joule Financial founder Quint Tatro sees opportunity in its weakness.

“Even though the group as a whole seems to be getting a boost, obviously Chevron, the buyer, is not,” Tatro said on CNBC’s “Trading Nation” on Friday. “You’ve got to look at a name like this that is trading 14 to 15 times forward earnings. … Obviously they’re spending $30 billion to try to grow that profit, so we like the acquisition.”

Chevron is expected to post a 2019 earnings contraction of 14 percent, followed by a 23 percent surge in 2020, according to FactSet.

“We need to do a lot more work really into the fundamentals to see how this will be accretive to the bottom line,” said Tatro. “Basically it expands their shale play, their deep-water drilling, so it’s hard to do but ultimately I think this is a day where you’ve got to hold your nose and you go in and you add to your Chevron position.”

Tatro also likes Chevron for its strong balance sheet and steady dividend. The company yields 4%, double the S&P 500.

Craig Johnson, chief market technician at Piper Jaffray, is more conservative on the energy group as a whole.

The XLE energy ETF “still is at a point where we need to get above about $68. That’s where your 200-day moving average is at, which is declining,” Johnson said Friday on “Trading Nation.” “There’s still a long way to go. Again, I like energy, but I’m more of a neutral to these names. Is the M&A activity going to put a little bit of a bid under these names? It probably will, but I’d rather be a selective buyer of these names, especially the XLE.”

The XLE ETF has not traded above its 200-day moving average since October. It has fallen 7% since then.

Disclosure: Joule Financial holds CVX.


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: keris lahiff, daniel acker, bloomberg, getty images, vcg, bryan r smith, afp, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, chevron, petroleum, tatro, market, selloff, chevrons, biggest, names, watcher, sees, xle, obviously, energy, trading, opportunity, oil, youve


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Tech spending will near $4 trillion this year. Here’s where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to


Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to
Tech spending will near $4 trillion this year. Here’s where all the money is going and why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


Tech spending will near $4 trillion this year. Here's where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you.

“Construction is being totally disrupted — the entire industry,” he said.

The former chief financial officer of Yahoo, Fortinet and Siebel Systems, Goldman said companies cannot afford to make the mistake of thinking technology disruption is greatest in the tech sector itself, or limited to certain sectors of the economy.

“Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC).

A decade ago oil and gas companies were the stocks with the highest market capitalization. Saudi Arabia’s oil giant Aramco is still more profitable than the iPhone maker, but the top of the market cap table has tilted. Now Goldman notes that all of the biggest market cap companies are tech (the top four U.S. publicly traded companies, to be exact). His warning: Disruption comes from the bottom up.

“The thing I’ve seen happen with companies inside and outside of tech is they get complacent and assume the newest will only take a small share. By the time it mushrooms, it’s too late,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


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Tech spending will near $4 trillion this year. Here’s where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to


Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to
Tech spending will near $4 trillion this year. Here’s where all the money is going and why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


Tech spending will near $4 trillion this year. Here's where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you.

“Construction is being totally disrupted — the entire industry,” he said.

The former chief financial officer of Yahoo, Fortinet and Siebel Systems, Goldman said companies cannot afford to make the mistake of thinking technology disruption is greatest in the tech sector itself, or limited to certain sectors of the economy.

“Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC).

A decade ago oil and gas companies were the stocks with the highest market capitalization. Saudi Arabia’s oil giant Aramco is still more profitable than the iPhone maker, but the top of the market cap table has tilted. Now Goldman notes that all of the biggest market cap companies are tech (the top four U.S. publicly traded companies, to be exact). His warning: Disruption comes from the bottom up.

“The thing I’ve seen happen with companies inside and outside of tech is they get complacent and assume the newest will only take a small share. By the time it mushrooms, it’s too late,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


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After China, the US will ratchet up trade tensions with the EU, OECD chief economist warns

Once the U.S. and China have reached a trade deal, the world’s largest economy will amplify tensions with the European Union, according to the chief economist of the Organization for Economic Co-operation and Development (OECD). Her comments come as market participants continue to monitor the prospect of a comprehensive trade agreement between Washington and Beijing. On Thursday, President Donald Trump said the U.S. had found common ground on some of the toughest points in trade talks, adding a


Once the U.S. and China have reached a trade deal, the world’s largest economy will amplify tensions with the European Union, according to the chief economist of the Organization for Economic Co-operation and Development (OECD). Her comments come as market participants continue to monitor the prospect of a comprehensive trade agreement between Washington and Beijing. On Thursday, President Donald Trump said the U.S. had found common ground on some of the toughest points in trade talks, adding a
After China, the US will ratchet up trade tensions with the EU, OECD chief economist warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: sam meredith, vcg, getty images, win mcnamee
Keywords: news, cnbc, companies, warns, chief, tensions, eu, economist, trade, oecd, worlds, points, president, world, china, deal, ratchet, xi


After China, the US will ratchet up trade tensions with the EU, OECD chief economist warns

Once the U.S. and China have reached a trade deal, the world’s largest economy will amplify tensions with the European Union, according to the chief economist of the Organization for Economic Co-operation and Development (OECD).

Her comments come as market participants continue to monitor the prospect of a comprehensive trade agreement between Washington and Beijing.

On Thursday, President Donald Trump said the U.S. had found common ground on some of the toughest points in trade talks, adding a deal could be agreed in the next four weeks.

Chinese President Xi Jinping reportedly echoed the optimism over a possible deal, but the White House warned some sticking points remain unresolved.

“Even once we are done with the U.S. and China, the U.S. will turn to Europe,” Laurence Boone, chief economist at OECD, told CNBC’s Steve Sedgwick at the Ambrosetti Workshop in Italy on Friday.

“So, I think by undermining the multi-lateral rules-based system on trade, we have just injected a massive dose of uncertainty in the world that will stay with us for a long time.”


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: sam meredith, vcg, getty images, win mcnamee
Keywords: news, cnbc, companies, warns, chief, tensions, eu, economist, trade, oecd, worlds, points, president, world, china, deal, ratchet, xi


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Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce

Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March. By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67. Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.


Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March. By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67. Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.
Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, unexpected, shares, pop, came, activity, data, chinese, bounce, purchasing, pmi, managers, sees, index, tan, weeks, shenzhen, manufacturing, economic


Shares in Shenzhen pop as Chinese economic activity sees unexpected bounce

Stocks in Shenzhen surged on Thursday after a series of data released on Sunday and Monday showed Chinese economic activity improved unexpectedly in March.

By the market close, the Shenzhen component jumped around 3.64 percent to 10,267.70 and the Shenzhen composite soared 3.571 percent to 1,755.67.

Meanwhile, the CSI 300, which tracks the largest stocks listed on the mainland, advanced 2.62 percent to 3,973.93.

Those moves came after both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and the official Purchasing Managers’ Index (PMI) for March expanded unexpectedly, surprising analysts.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 50.8 for March. Analysts had expected it to come in at 49.9 for a second month, according to a Reuters poll of economists. A reading below 50 signals contraction, while a reading above that level indicates expansion.

That came on the back of Sunday’s release of the official PMI in China, which rose to 50.5 in March from February’s three-year low of 49.2. It marked the first expansion in four months, according to data released by China’s National Bureau of Statistics.

“Our view is the impact of policy easing is gradually kicking in, pushing up sequential growth indicators such as PMI first,” economists from Bank of America-Merrill Lynch said in a note.

In particular, they said, the “larger-than-expected tax/fee cuts and improving financial conditions” likely provided a boost to business sentiment in the country’s manufacturing space. Furthermore, demand for industrial restocking could also have risen as commodity and raw material prices experienced a rebound.

“I think this is indeed a good number,” Tan Min Lan, head of the Asia Pacific chief investment office at UBS Wealth Management, told CNBC’s “Street Signs” on Monday.

“It is a critical number because (I) recall that a couple of weeks back one of the key concern(s) of the market is that when factories shut during the Chinese New Year period, they may not (reopen) if orders do not materialize,” she said.

“I think this set of data, it’s critical, it’s important because it suggests that production did not fall over the cliff and that the fears over industrial deflation and the fears over an unemployment surge may have been overplayed,” Tan added.

The manufacturing numbers come amid ongoing tariff talks between the U.S. and China aimed at resolving their trade differences. High-level trade negotiations between the two economic powerhouses are set to resume in Washington this week following last week’s talks in Beijing.

— Reuters and CNBC’s Huileng Tan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, vcg, visual china group, getty images
Keywords: news, cnbc, companies, unexpected, shares, pop, came, activity, data, chinese, bounce, purchasing, pmi, managers, sees, index, tan, weeks, shenzhen, manufacturing, economic


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From SRI to ESG, values-aligned investing has many names. Let’s decode the lingo

After 15 years of working in this space, this is how I define the most commonly used terms. ESG: ESG is shorthand for “environmental, social and governance data.” For more on the different ways ESG data are used, see the ESG section of this article. SRI: SRI stands for “socially responsible investing.” Here, I am defining the traditional and more commonly used term, socially responsible investing.


After 15 years of working in this space, this is how I define the most commonly used terms. ESG: ESG is shorthand for “environmental, social and governance data.” For more on the different ways ESG data are used, see the ESG section of this article. SRI: SRI stands for “socially responsible investing.” Here, I am defining the traditional and more commonly used term, socially responsible investing.
From SRI to ESG, values-aligned investing has many names. Let’s decode the lingo Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: sonya dreizler, founder of solutions with sonya, krisanapong detraphiphat, moment, getty images, john lamparski, vcg, adam jeffery, michael short, chinafotopress
Keywords: news, cnbc, companies, data, commonly, lets, decode, company, values, investing, uses, words, responsible, lingo, used, valuesaligned, esg, names, sri


From SRI to ESG, values-aligned investing has many names. Let's decode the lingo

Values-aligned investing is called by many different names, which are commonly misused or misunderstood by investors.

Let me decode the lingo, because a shared understanding of the terminology makes this type of investing more accessible to advisors and investors alike. Please note that there are no universally agreed upon definitions among professionals, and everyone uses the words a bit differently. After 15 years of working in this space, this is how I define the most commonly used terms.

ESG: ESG is shorthand for “environmental, social and governance data.” Business data in each of these three categories are used in tandem with traditional financial metrics to more deeply understand the risks and opportunities an investable company faces.

More from Impact Investing:

Here’s what Warren Buffett thinks about climate change

How investments can make money and help the environment

Top-rated responsible investing funds

Often, ESG data are referred to as “non-balance sheet risk” — but an unexpected incident can quickly move that risk onto the balance sheet. The key takeaway is that ESG is data. How each fund manager or investment professional uses that data varies widely. For more on the different ways ESG data are used, see the ESG section of this article.

SRI: SRI stands for “socially responsible investing.” However, some professionals have kept the initials and substituted new words: “sustainable, responsible and impact investing.” Here, I am defining the traditional and more commonly used term, socially responsible investing.

SRI has historical roots in investing and divesting according to religious values. It grew to include expressing secular values, as well, historically through divesting (choosing not to own and/or selling existing ownership) paired with shareholder engagement (groups of shareholders in conversation with company management about advancing social or environmental good within the company or the communities affected by the company’s business) and proxy voting (how shareholders elect boards and vote on other corporate matters).


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: sonya dreizler, founder of solutions with sonya, krisanapong detraphiphat, moment, getty images, john lamparski, vcg, adam jeffery, michael short, chinafotopress
Keywords: news, cnbc, companies, data, commonly, lets, decode, company, values, investing, uses, words, responsible, lingo, used, valuesaligned, esg, names, sri


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Gates, Bezos and other investors are pouring billions into clean tech

As funding for coal- and gas-fired power generation continues to decline, investors long leery of so-called “clean tech” plays are taking a shine to renewable-energy start-ups and other carbon-reducing technologies. That’s got investors — from major global investment banks to billionaire philanthropists such as Bill Gates, Jeff Bezos and Jack Ma — looking at renewable energy differently than they did just a few years ago. Shifts in energy market trends, investment patterns and the global mindset


As funding for coal- and gas-fired power generation continues to decline, investors long leery of so-called “clean tech” plays are taking a shine to renewable-energy start-ups and other carbon-reducing technologies. That’s got investors — from major global investment banks to billionaire philanthropists such as Bill Gates, Jeff Bezos and Jack Ma — looking at renewable energy differently than they did just a few years ago. Shifts in energy market trends, investment patterns and the global mindset
Gates, Bezos and other investors are pouring billions into clean tech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: clay dillow, john lamparski, getty images, alphabets moonshot factory, krisanapong detraphiphat, moment, vcg, adam jeffery, michael short
Keywords: news, cnbc, companies, bezos, investment, companies, energy, storage, investments, clean, gates, pouring, renewable, technologies, systems, investors, technology, startups, tech, billions


Gates, Bezos and other investors are pouring billions into clean tech

As funding for coal- and gas-fired power generation continues to decline, investors long leery of so-called “clean tech” plays are taking a shine to renewable-energy start-ups and other carbon-reducing technologies.

According to reports from the International Energy Agency, electricity investments are flowing toward renewables, networks and flexibility, while at the same time more than 100 globally significant financial institutions have implemented policies restricting investments in carbon-intensive fossil fuels like coal.

That’s got investors — from major global investment banks to billionaire philanthropists such as Bill Gates, Jeff Bezos and Jack Ma — looking at renewable energy differently than they did just a few years ago. Shifts in energy market trends, investment patterns and the global mindset toward climate change are creating new rationales for investments in companies and projects in the clean energy space.

But the technologies themselves — which range from more efficient means of generating renewable energy to distributed grid storage systems and better battery technology — have also evolved substantially since the last renewable investment boom tapered in the wake of the 2008 financial crisis.

More from Impact Investing:

Here’s what Warren Buffett thinks about climate change

How investments can make money and help the environment

Top-rated responsible investing funds

“In the last few years, the number of technologies ripe for investment has expanded dramatically,” said Ravi Manghani, research director for energy storage at Wood Mackenzie, an energy research and consultancy firm. “It’s no longer just three or four technology verticals.”

That’s why Gates, Bezos, Ma and dozens of other high-net-worth individuals (including Michael Bloomberg and Richard Branson) launched Breakthrough Energy Ventures (BEV). The $1 billion fund will forgo near-term returns on investments, providing much-needed time and operating capital to researchers and companies solving difficult technical problems in the capital-intensive renewable energy space. The fund currently lists 14 companies in its portfolio, ranging from startups working on battery and grid storage technologies to companies developing better geothermal and even fusion energy generation systems. Investments range from $200,000 to $20 million, depending on each company’s needs and stage of development.


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: clay dillow, john lamparski, getty images, alphabets moonshot factory, krisanapong detraphiphat, moment, vcg, adam jeffery, michael short
Keywords: news, cnbc, companies, bezos, investment, companies, energy, storage, investments, clean, gates, pouring, renewable, technologies, systems, investors, technology, startups, tech, billions


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Are you seeking top-rated responsible investing funds? There’s a rating for that

If you want to see how the funds you’re invested in fare when it comes to environmental, social and governance factors, there’s a rating for that. The Morningstar Sustainability Rating measures how well an investment fund’s holdings stack up on ESG issues compared to its peers. The measurement is put together using the thousands of portfolios that Morningstar collects from mutual funds, ETFs and managed portfolios around the world. Those symbols appear alongside other fund information, including


If you want to see how the funds you’re invested in fare when it comes to environmental, social and governance factors, there’s a rating for that. The Morningstar Sustainability Rating measures how well an investment fund’s holdings stack up on ESG issues compared to its peers. The measurement is put together using the thousands of portfolios that Morningstar collects from mutual funds, ETFs and managed portfolios around the world. Those symbols appear alongside other fund information, including
Are you seeking top-rated responsible investing funds? There’s a rating for that Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: lorie konish, getty images, vcg, lucas jackson, scott olson, mario tama, andres ruffo, adam gault
Keywords: news, cnbc, companies, save, investing, sustainability, portfolios, responsible, toprated, morningstar, way, seeking, rating, score, firm, globes, theres, funds


Are you seeking top-rated responsible investing funds? There's a rating for that

If you want to see how the funds you’re invested in fare when it comes to environmental, social and governance factors, there’s a rating for that.

The Morningstar Sustainability Rating measures how well an investment fund’s holdings stack up on ESG issues compared to its peers.

The measurement is put together using the thousands of portfolios that Morningstar collects from mutual funds, ETFs and managed portfolios around the world. The firm then applies company-level data from its partner firm, Sustainalytics, to come up with asset-weighted scores for funds.

More from Impact Investing:

Leonardo DiCaprio invests in a greener way to save, spend

These companies do the most to help prevent climate change

How investors can save the planet and still make money

Investors can access the ratings by going to the Morningstar website. The score appears as globes, with five representing the highest score and one the lowest. Those symbols appear alongside other fund information, including an overall Morningstar rating. The top 10 percent of funds in each category receive five globes.

The score has provided a way to see how well funds that are branded as ESG funds are executing on those strategies.

“Virtually all of the intentional funds do well, meaning they score at least four or five globes,” said Jon Hale, sustainability research expert at Morningstar.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: lorie konish, getty images, vcg, lucas jackson, scott olson, mario tama, andres ruffo, adam gault
Keywords: news, cnbc, companies, save, investing, sustainability, portfolios, responsible, toprated, morningstar, way, seeking, rating, score, firm, globes, theres, funds


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‘More bumps in the road’ before US-China trade deal, former Treasury Secretary Jack Lew warns

A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a rocky process. The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods over the past year, battering financial markets and souring business and consumer sentiment. Negotiations between Washington and Beijing have taken


A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a rocky process. The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods over the past year, battering financial markets and souring business and consumer sentiment. Negotiations between Washington and Beijing have taken
‘More bumps in the road’ before US-China trade deal, former Treasury Secretary Jack Lew warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: sam meredith, vcg, visual china group, getty images
Keywords: news, cnbc, companies, warns, uschina, issues, trade, progress, think, bumps, told, making, treasury, beijing, worth, secretary, officials, road, deal, lew, jack


'More bumps in the road' before US-China trade deal, former Treasury Secretary Jack Lew warns

A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a rocky process.

The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods over the past year, battering financial markets and souring business and consumer sentiment.

Negotiations between Washington and Beijing have taken longer-than-expected, with officials at times making contradictory comments on their progress.

“I suspect there are some more bumps in the road ahead as the most difficult issues get worked out,” Lew told CNBC’s Martin Soong in Beijing, China on Monday.

“There is no reason they shouldn’t be able to make progress so that you get something done in the window… (But) I don’t think it will resolve all issues for all time.”

“I think regardless of the language used to describe the agreement, there will still be core issues for the two countries to work through… The job is not to get it done once and for all, it is to keep making progress,” Lew said.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: sam meredith, vcg, visual china group, getty images
Keywords: news, cnbc, companies, warns, uschina, issues, trade, progress, think, bumps, told, making, treasury, beijing, worth, secretary, officials, road, deal, lew, jack


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Here’s what Warren Buffett thinks about climate change and investing

Warren Buffett, chairman and CEO of Berkshire Hathaway, is for many people the first source to consult when it comes to the development of an investing philosophy. Issues of politics, social policy, ethics and simply making money the right way are themes that Buffett has returned to many times. But one place where Buffett has always drawn the line is making clear his personal views have no place in how he runs Berkshire Hathaway for shareholders. On one issue of rising social and investing impor


Warren Buffett, chairman and CEO of Berkshire Hathaway, is for many people the first source to consult when it comes to the development of an investing philosophy. Issues of politics, social policy, ethics and simply making money the right way are themes that Buffett has returned to many times. But one place where Buffett has always drawn the line is making clear his personal views have no place in how he runs Berkshire Hathaway for shareholders. On one issue of rising social and investing impor
Here’s what Warren Buffett thinks about climate change and investing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: eric rosenbaum, vcg, getty images, marcus yam, los angeles times, timothy fadek, bloomberg, lucas jackson, steve proehl, corbis documentary
Keywords: news, cnbc, companies, buffett, place, energy, investing, making, owns, change, climate, utility, berkshire, warren, social, hathaway, thinks, views, heres


Here's what Warren Buffett thinks about climate change and investing

Warren Buffett, chairman and CEO of Berkshire Hathaway, is for many people the first source to consult when it comes to the development of an investing philosophy. The billionaire investor has has never shied away from sharing his views with the public, either — and not only when it comes to stock market value. Issues of politics, social policy, ethics and simply making money the right way are themes that Buffett has returned to many times.

But one place where Buffett has always drawn the line is making clear his personal views have no place in how he runs Berkshire Hathaway for shareholders. He may be for more taxes on the super-rich, but that doesn’t mean he is against a tax break that helps a Berkshire business. He isn’t going to tell a company he owns how to respond to calls for more corporate support for gun control, an issue that came up at least year’s Berkshire Hathaway annual meeting.

“I don’t believe in imposing my political opinions on the activities of our businesses,” Buffett said.

On one issue of rising social and investing importance, Buffett is still making many trade-offs: climate change.

Berkshire Hathaway Energy, Buffett’s large utility conglomerate, owns western utility PacifiCorp, which has a sizable fleet of coal power plants. Berkshire’s Burlington Northern railroad ships a lot of coal, too. But the Berkshire utility company also is one of the biggest wind energy producers in the U.S. through its MidAmerican Energy utility affiliate based in Iowa, while its NV Energy in Nevada is increasing its renewable generation from 24 percent to a percentage in the high 40s by 2023, mostly using geothermal and solar power.

Berkshire’s largest business of all is insurance, which in recent years has seen massive claims related to natural disasters.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: eric rosenbaum, vcg, getty images, marcus yam, los angeles times, timothy fadek, bloomberg, lucas jackson, steve proehl, corbis documentary
Keywords: news, cnbc, companies, buffett, place, energy, investing, making, owns, change, climate, utility, berkshire, warren, social, hathaway, thinks, views, heres


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