Emerging Markets ETF Founder on Why China Is So Promising

Kevin Carter, founder of EMQQ, the Emerging Markets Internet E-Commerce ETF, discusses the company's investments in China and its major holdings in companies like Tencent and Alibaba. Carter notes that the reason investors should place their bids in EMQQ as opposed to the S&P index is "growth." He digs into the company's investments in Tencent and Alibaba explaining that part of the reason those companies are so appealing is because of their own individual investments in other companies.

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Musk loses crown as world’s richest to software giant Larry Ellison

Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.

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LSD shows promise for reducing anxiety in drugmaker’s midstage study

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