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US STOCKS-Futures pull back as investors await data, Fed comments
US STOCKS-Futures pull back as investors await data, Fed comments
Jun 17, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures: Dow down 0.14%, S&P 500 down 0.06%, Nasdaq up 0.15% June 17 (Reuters) - U.S. stock index futures were mixed in muted trading on Monday as investors awaited fresh economic data and comments from Federal Reserve officials for...
Financial Advisors Slow In Adopting Bitcoin ETFs Despite Self-Directed Investor Surge, BlackRock Executive Says: 'I Would Call Them Wary…'
Financial Advisors Slow In Adopting Bitcoin ETFs Despite Self-Directed Investor Surge, BlackRock Executive Says: 'I Would Call Them Wary…'
Jun 17, 2024
A BlackRock Inc. executive has suggested that financial advisors are proceeding cautiously with Bitcoin (CRYPTO: BTC) exchange-traded funds after the Securities and Exchange Commission (SEC) approved them in January. What Happened: Samara Cohen, BlackRock’s chief investment officer of ETF and index investments, stated that financial advisors are gradually embracing Bitcoin ETFs, reported CNBC. Despite the slow adoption, approximately 80% of...
Goldman Sachs raises S&P 500 year-end target to 5,600
Goldman Sachs raises S&P 500 year-end target to 5,600
Jun 16, 2024
(Reuters) - Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to-earnings ratio multiple. Microsoft ( MSFT ), Nvidia ( NVDA ), Google, Amazon.com ( AMZN ), and Meta Platforms ( META ) have collectively surged...
Rouble steadies in OTC trade as Russian market adapts to new sanctions
Rouble steadies in OTC trade as Russian market adapts to new sanctions
Jun 17, 2024
MOSCOW, June 17 (Reuters) - The rouble steadied against the dollar in over-the-counter (OTC) trading on Monday as the Russian market got to grips with new U.S. sanctions that forced Russia's leading exchange to halt dollar and euro trading last week. The sanctions on Moscow Exchange and its clearing agent, the National Clearing Centre (NCC), ultimately led to a range...
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PepsiCo Closes $1.20 Billion Siete Foods Acquisition
PepsiCo Closes $1.20 Billion Siete Foods Acquisition
Jan 17, 2025
09:47 AM EST, 01/17/2025 (MT Newswires) -- PepsiCo ( PEP ) said Friday it has completed the acquisition of Garza Food Ventures, which does business as Siete Foods, for $1.20 billion. The acquisition will likely expand PepsiCo's ( PEP ) food portfolio, the company said. Price: 148.17, Change: +1.63, Percent Change: +1.11 ...
Fitness beverage company Celsius to pay $3 million fine to settle US SEC accounting case
Fitness beverage company Celsius to pay $3 million fine to settle US SEC accounting case
Jan 17, 2025
(Reuters) - Celsius Holdings ( CELH ), the fitness beverage company, will pay a $3 million civil fine to resolve charges it accounted improperly for stock-based awards, the U.S. Securities and Exchange Commission said on Friday. The SEC said Celsius mishandled its accounting in 2021 for stock-based compensation expenses when it modified awards for six departing employees and retiring board...
State Street's quarterly profit rises; appoints interim CFO
State Street's quarterly profit rises; appoints interim CFO
Jan 17, 2025
Jan 17 (Reuters) - State Street reported a rise in fourth-quarter profit on Friday, boosted by an increase in fees earned from managing client assets, and also announced the appointment of Mark R. Keating as interim CFO. Keating will take over from Eric Aboaf, who is set to leave the company in February and will join S&P Global ( SPGI...
CubeSmart COO Joel Keaton to Retire
CubeSmart COO Joel Keaton to Retire
Jan 17, 2025
09:46 AM EST, 01/17/2025 (MT Newswires) -- CubeSmart ( CUBE ) said Friday that its chief operating officer, Joel Keaton, will retire, effective April 30. The company said that in light of Keaton's retirement, Amy Cross will be promoted to executive vice president, technology, data science, and marketing, and Guy Middlebrooks will be promoted to executive vice president, operations. After...
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