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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...
Japan's Nikkei dips below key 38,000 mark; Toyota drops
Japan's Nikkei dips below key 38,000 mark; Toyota drops
Jun 16, 2024
(Updates with closing prices) By Kevin Buckland TOKYO, June 17 (Reuters) - Japan's Nikkei share average dropped below the psychologically key 38,000 level for the first time this month on Monday, as a risk-off mood prevailed amid concerns about economic growth both at home and abroad. Toyota Motor ( TM ) slid 2.6% amid continued fallout from a certification scandal,...
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...
EMERGING MARKETS-China worries drag EM stocks, Ukraine bonds slip as debt talks stall
EMERGING MARKETS-China worries drag EM stocks, Ukraine bonds slip as debt talks stall
Jun 17, 2024
* China factory data disappoints * Ukraine's sovereign bonds slide * Hungary c.bank decision due on Tuesday By Sruthi Shankar June 17 (Reuters) - Emerging market equities slipped on Monday, on mounting concerns about more signs of uneven economic recovery in China, while currencies were muted as investors looked for more clues on when the Federal Reserve will start cutting...
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US consumer bureau fines Equifax $15 million over handling of consumer disputes
US consumer bureau fines Equifax $15 million over handling of consumer disputes
Jan 17, 2025
(Reuters) -The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports. The bureau said Equifax ignored consumer documents and evidence submitted alongside disputes, allowed previously flagged inaccuracies to return to credit reports, and relied on flawed software code, leading to inaccurate...
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...
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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