Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Governments should help promote socially responsible investing, says Pope Francis, who has criticized financial speculation that "excludes and discards" and doesn't serve a common good.
"It is increasingly intolerable that financial markets are shaping the destiny of peoples rather than serving their needs, or that the few derive immense wealth from financial speculation while the many are deeply burdened by the consequences," he said at a seminar on ethical investing in Vatican City on Monday.
At the conference, Pope Francis branded the speculation of food prices as a "scandal" that seriously compromised access to food for people living in poverty. He called for an international framework that would combat a selfish economy, called on the rich to share their wealth and urged investors to link profit with solidarity.
"It is important that ethics once again plays its due part in the world of finance and that markets serve the interests of peoples and the common good of humanity," he said.
The pope's remarks will be spark interest in the concept of "impact investing," buying stakes in companies, organizations, and funds with the intention of generating some sort of social and environmental impact -- despite returns that might have more moderate yields than other investments.
Pope Francis added that investments of this sort are meant to have positive social repercussions on local communities, like the creation of more jobs, better access to energy, better education and increased productivity.
His words regarding food price speculation adds to calls from campaign groups who have regularly lambasted banks and financial institutions that have earned huge profits from betting on food price fluctuations. Back in January, ahead of the beginning of the World Economic Forum in Davos, he challenged business leaders to put their wealth at the service of humanity and urged them to promote inclusive prosperity.