The U.S. Securities and Exchange Commission is expected to make a critical decision on approving ether exchange-traded funds next week. However, according to Ric Edelman, head of the Digital Assets Council of Financial Professionals, the approval is likely to fail due to the absence of an overarching regulatory framework for all cryptocurrencies. Edelman emphasized the
Finance
China recently reported data indicating a slowdown in consumer growth, with retail sales rising by 2.3% in April from a year ago. This figure fell short of the 3.8% increase forecasted by a Reuters poll and was slower than the 3.1% pace reported in March. On the industrial side, industrial production rose by 6.7% in
The Dow Jones Industrial Average recently hit a historic milestone, crossing the 40,000 mark. This achievement comes at a time when investors are optimistic about the potential of artificial intelligence to drive corporate profits and speculate on the Federal Reserve’s possible rate cuts. It’s a significant moment that was unimaginable just a year ago. Let’s
Nio, a Chinese electric car company, recently announced the launch of its new, lower-priced brand, Onvo, which aims to offer competitive pricing compared to Tesla. The first car under this brand, the L60 SUV, comes in at a price point that is approximately $4,000 cheaper than Tesla’s Model Y, making it an attractive option for
AMC Entertainment recently made headlines by raising approximately $250 million through a new equity capital sale. This move came during a period characterized by the resurgence of meme stocks, fueled in part by the return of “Roaring Kitty.” The company initiated an at-the-market equity offering on March 28, ultimately selling 72.5 million shares at an
In the fast-paced world of financial technology, companies like Klarna are continuously looking for innovative ways to stay ahead of the competition. Klarna, a Swedish fintech company known for its buy now, pay later services, has made significant strides in integrating artificial intelligence tools into its daily operations. With nearly 9 out of 10 employees
The GameStop shares were on a rollercoaster ride, rallying more than 80% in a single day after the online presence of “Roaring Kitty,” formerly known as Keith Gill, sparked enthusiasm among individual investors. This surge came in the wake of a short squeeze that captivated the financial world in early 2021. Roaring Kitty, a former marketer
The Inflation Beneficiaries ETF, created by Horizon Kinetics in January 2021, aims to capitalize on higher inflation rates in the market. Despite potential Federal Reserve rate cuts, Portfolio Manager James Davolos believes that the ETF is well-positioned for success. According to Davolos, the world is entering a phase of mature inflation, with rates expected to
The current environment for European companies operating in China is becoming increasingly challenging, as indicated by a recent survey conducted by the EU Chamber of Commerce in China. The survey revealed that a significant number of companies are facing difficulties in maintaining profitability in the country, with only 30% of respondents reporting higher profit margins
Spanish bank BBVA made headlines recently with its surprising announcement of a hostile takeover bid for Banco Sabadell, its domestic rival. This unexpected move came after Sabadell’s board rejected BBVA’s initial 12 billion euro takeover offer, citing undervaluation of the bank’s growth prospects. Despite this rejection, BBVA proceeded to take its all-share offer directly to