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Two funds investing in defensive stocks are the only exchange-traded funds in the world that had a positive return every year over the past decade, CNBC Pro research has found. The two funds stood out among 8,300 equity ETFs worldwide screened by CNBC Pro using FactSet data. Over that period, the ETF more than doubled investors' money, with a cumulative total price gain of 118%. While the MSCI Healthcare index, valued in euros, dipped slightly into negative territory in 2016, 2020 and 2022, the Amundi ETF's total returns have remained positive because of the weakness in the pound sterling. However, Tabet also pointed out that the health-care sector, especially European pharma, tends to underperform in election years.
Persons: Joakim Tabet, Kepler, Tabet, Vincent Denoiseux, David Evans, Evans, Kepler Cheuvreux Organizations: CNBC, Healthcare UCITS, London Stock Exchange, TSX, Consumer Staples, CNBC Pro, Outlook Novo Nordisk, Novo Nordisk's, pharma, European pharma Locations: Canadian, Europe, Danish, Novo, U.S
Sen. Joe Manchin (D-WV) speaks during a "Politics & Eggs" event at the New Hampshire Institute Politics at St. Anselm College on January 12, 2024 in Manchester, New Hampshire. MORGANTOWN, W.Va. — Sen. Joe Manchin, D-W.Va., announced Friday that he is not running for president after spending months mulling a bid that would have shaken up the 2024 campaign. I will not be involved in a presidential run," Manchin said during a speech. In a statement following Manchin's announcement, former Connecticut Sen. Joe Liberman, former North Carolina Gov. Democrats feared a Manchin candidacy would have pulled votes away from President Joe Biden and boost former President Donald Trump, the 2024 Republican frontrunner, in a general election.
Persons: Sen, Joe Manchin, — Sen, Manchin, Connecticut Sen, Joe Liberman, Pat McCrory, Benjamin Chavis Jr, Mitt Romney, Rob Portman, Joe Biden, Donald Trump Organizations: New Hampshire, St, Anselm College, Democracy, White, North Carolina Gov Locations: Manchester , New Hampshire, MORGANTOWN, W.Va, Connecticut, R, Utah, Ohio
Tim Scott drops out of the 2024 presidential race
  + stars: | 2023-11-13 | by ( Nnamdi Egwuonwu | Alex Tabet | ) www.cnbc.com   time to read: +2 min
US Senator from South Carolina Tim Scott speaks during the third Republican presidential primary debate at the Knight Concert Hall at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, on November 8, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Sen. Tim Scott of South Carolina announced Sunday night that he is dropping out of the 2024 presidential campaign. I am suspending my campaign," Scott said in an appearance on former GOP Rep. Trey Gowdy's Fox News program. ""We want to give you ONE LAST CHANCE to donate this weekend and help Tim reach his campaign goal. Scott is dropping out of the presidential race just as former South Carolina Gov.
Persons: South Carolina Tim Scott, Adrienne Arsht, Mandel NGAN, MANDEL NGAN, Sen, Tim Scott of, Scott, Trey Gowdy's, Tim, Nikki Haley, Gowdy Organizations: Republican, Knight, Adrienne, Adrienne Arsht Center, Performing Arts, Getty Images, Tim Scott of South Carolina, GOP, Trey Gowdy's Fox News, South Carolina, PAC, South Carolina Gov Locations: South Carolina, Miami , Florida, AFP, Tim Scott of South, Iowa, Miami
Will Hurd suspends 2024 presidential campaign
  + stars: | 2023-10-09 | by ( Alex Tabet | ) www.cnbc.com   time to read: +1 min
Republican presidential candidate former Texas Congressman Will Hurd speaks to guests at the Republican Party of Iowa 2023 Lincoln Dinner on July 28, 2023 in Des Moines, Iowa. Former Rep. Will Hurd of Texas on Monday suspended his presidential campaign, becoming the second notable GOP candidate to end his run for the Republican nomination. "Unfortunately, it has become clear to me and my team that the time has come to suspend our campaign," Hurd said in a statement announcing the suspension of his campaign. The former Texas congressman garnered some attention with his consistent criticism of former President Donald Trump, but he failed to qualify for both GOP debates so far. "It is important to recognize the realities of the political landscape and the need to consolidate our party around one person to defeat both Donald Trump" and President Joe Biden, Hurd said in his statement.
Persons: Will Hurd, Hurd, Donald Trump, Joe Biden Organizations: Republican Party of Iowa, Former, Will Hurd of Texas, GOP, Republican Locations: Des Moines , Iowa, Will Hurd of, Texas
The criticism comes as Ramaswamy is slated to visit Ground Zero Monday for the tragedy’s 22nd anniversary. “It spits in the face of the thousands of lives that we lost on that day and subsequently,” Hurd said of Ramaswamy’s comments at a campaign stop here. Ramaswamy insists his comments about 9/11 revolve around the FBI’s changing story on Omar Al-Bouyimi. Twenty years after one of the most horrific days in American history, declassified FBI documents revealed Omar Al-Bayoumi, a Saudi national, aided two of the terrorists behind the attacks. “Declassified documents that came out 20 years later from the FBI said that the 9/11 Commission and the FBI absolutely were untruthful about Mohamed al-Bayoumi,” Ramaswamy said.
Persons: Will Hurd, Vivek Ramaswamy, Ramaswamy, ” Hurd, , ” Ramaswamy, John Hendrickson, Hurd, , Omar Al, Bouyimi, Mohamed al, Omar al, “ Mohamed al, “ I’m Organizations: IA, Former Texas Rep, Atlantic, NBC News, Museum, New York City, FBI Locations: NEVADA, Iowa, America, New, Saudi
NEWTON, Iowa — Republican presidential candidate Vivek Ramaswamy said he would like Elon Musk to be an adviser in his administration should he be elected. The statement came in response to a town hall question from a voter on Friday, asking the 38-year-old entrepreneur where he would seek guidance if elected. Musk on Aug. 17 reposted an interview on his social media platform, X, between Ramaswamy and Tucker Carlson, calling Ramaswamy “a very promising candidate.”Ramaswamy admires the mass layoffs Musk conducted after taking over Twitter last year. Last month, Ramaswamy participated in a virtual discussion with Musk where the CEO described himself as a moderate voter. Ron DeSantis announced his bid for the White House in a Twitter Space in May, a stunt which crashed the platform due to high traffic.
Persons: Vivek Ramaswamy, Elon, Ramaswamy, “ I’ve, Elon Musk, , Tucker Carlson, Ramaswamy “, ” Ramaswamy, Musk, Hawkeye, Joe Biden, ” Musk, Ron DeSantis Organizations: Republican, Twitter, NBC News, GOP, of Education, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, NBC, Florida Gov, White Locations: NEWTON, Iowa
News of Trump’s fourth indictment broke late Monday, so most of Trump’s top rivals for the GOP nomination have not yet weighed in on the Georgia charges. “Over a year ago, I said that Donald Trump’s actions disqualified him from ever serving as President again. Those words are more true today than ever before.”Two, businessman Vivek Ramaswamy appeared on a live town hall on NewsNation as the news of Trump’s indictment broke. Trump trial: New York state Supreme Court Judge Juan Merchan refused to recuse himself from Trump’s hush money case. The announcement comes as the party has been locked in a legal battle with the state over the nominating contest, with the state GOP looking to reinstate the caucus.
Persons: Asa Hutchinson, Hutchinson, ” Hutchinson, Donald Trump’s, Vivek Ramaswamy, Alex Tabet, , ” Ramaswamy, Bob Iger, DeSantis, Juan Merchan, Sam Brown’s, Jeffrey Gunter, General, GOP Sen, Mitt Romney, Marjorie Taylor Greene, Leavitt, Karoline Leavitt Organizations: GOP, Arkansas Gov, Trump, NBC, Disney, CNBC, House, Sirius XM Holdings Inc, United States Steel Corp, Florida Republicans, Nevada Republican Party, CNN, Nevada GOP, Sam Brown’s PAC, Republicans, U.S, Mitt, Utah Senate, Politico, New Hampshire’s, Congress, MAGA Inc Locations: Georgia, Arkansas, United States, America, , Congress, New York, Nevada, Iceland, Utah
Republican presidential hopefuls have just two weeks left to qualify for the first presidential primary debate, which is set for Aug. 23. Candidates must hit the minimum threshold of 40,000 unique donors and the polling thresholds 48 hours prior to that debate, and also commit to supporting the eventual GOP nominee. So far, seven candidates have appeared to qualify for the debate in Milwaukee: former President Donald Trump, Florida Gov. Ron DeSantis, businessman Vivek Ramaswamy, former United Nations Ambassador Nikki Haley, South Carolina Sen. Tim Scott, North Dakota Gov. Ambassador Nikki Haley as she struggles to break through the GOP presidential primary field.
Persons: Donald Trump, Ron DeSantis, Vivek Ramaswamy, Nikki Haley, South Carolina Sen, Tim Scott, Doug Burgum, Chris Christie, Mike Pence, Asa Hutchinson, they’re, Perry Johnson, he’s, … Trump, Gavin Newsom’s, , Matt Dixon, Robert Bigelow, , Harris, Kamala Harris, Pence, Sarah Dean, Mike Pence’s, Alex Tabet, Katherine Koretski, Will, won’t, Dean Phillips, Biden, Phillips, , Henry J, Gomez Organizations: GOP, Florida Gov, United Nations, Tim Scott , North Dakota Gov, New, New Jersey Gov, Trump, Arkansas Gov, Republican National Committee, California Democratic, Fox, NBC, Florida Keys, Reuters, , New York Times, DeSantis, Minnesota Democratic, CBS, Buckeye, Senate Locations: Milwaukee, Florida, South Carolina, Tim Scott , North, New Jersey, California, Iowa, Ohio
For his part, Trump has continued to stress his innocence. Chris Christie is sharpening his lines of attack against other candidates besides Trump. All hawkeyes on the GOP candidates: Iowa Republican Gov. Kim Reynolds is sitting down with a handful of Republican presidential candidates for interviews at the Iowa State Fair next month. Abortion in the courtroom: Iowa’s Supreme Court agreed on Tuesday to hear an appeal of a lower court order that blocked a six-week abortion ban GOP Gov.
Persons: Donald Trump, Trump, Marcus Cleaver, Jake Traylor, , ” Cleaver, Traylor, we’re, Jack Smith, General Merrick Garland, , “ Rather, … Christie, Egwuonwu, Emma Barnett, Chris Christie, Kim Reynolds, Reynolds, Miami Mayor Francis Suarez, ’ Jillian Frankel, Alex Tabet, Pence, Mike Pence’s, Sarah Dean Organizations: NBC, New, New Jersey Gov, Trump ., hawkeyes, GOP, Iowa Republican Gov, Iowa State Fair, Fox News, Miami Mayor Locations: New Orleans, Covington, La, America, New Jersey, Iowa
Democratic presidential candidate Marianne Williamson named Carlos Cardona as her new campaign manager on Friday — her third campaign manager since she launched her bid for the presidency in March. “We’re going to spend some serious time in New Hampshire,” Cardona told NBC News. Cardona ran for a New Hampshire state House seat in both 2018 and 2020 but fell short in both elections. “Bernie Sanders won in New Hampshire, progressives win in New Hampshire,” Cardona said. As for Williamson’s unusually high turnover at the top of her campaign, Cardona says his predecessors left the campaign due to personal reasons.
Persons: Marianne Williamson, Carlos Cardona, Cardona, “ We’re, ” Cardona, Joe Biden’s, Williamson, Robert F, Kennedy Jr, “ Bernie Sanders, “ Marianne, , , “ I’m Organizations: Democratic, NBC News, DNC, Granite State, Politico Locations: New Hampshire, South Carolina, Granite
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