This week marks a significant moment in the cryptocurrency markets as spot ether exchange-traded funds (ETFs) are making their debut. The approval of nine spot ether ETF applicants, including Franklin Templeton and VanEck, by the Securities and Exchange Commission is a pivotal development. Franklin Templeton, the firm behind the Franklin Ethereum ETF (EZET), received approval
Finance
Warren Buffett’s Berkshire Hathaway has been on a selling spree, reducing its stake in Bank of America for six consecutive trading days. The conglomerate sold 18.9 million shares of the bank at an average price of $42.46, raising $802.5 million. In total, Berkshire has unloaded 52.8 million Bank of America shares worth $2.3 billion, bringing
Britain’s new Labour government is gearing up to introduce updated regulations for the “buy now, pay later” (BNPL) industry, a move that has been long-awaited and highly anticipated. This step comes after successive delays in implementing the roadmap for BNPL legislation in the country, with concerns rising about the increasing debt burdens faced by consumers,
In recent years, the semiconductor industry has seen a significant shift in revenue generation, particularly from China. According to a report by Bank of America analysts, some of the world’s largest semiconductor equipment manufacturers, such as ASML, have experienced a drastic increase in their China revenue since late 2022. This surge in revenue is attributed
Alphabet, the tech giant, experienced a 1% slip in extended trading despite reporting a beat on both top and bottom lines in the second quarter. The company earned $1.89 per share on $84.74 billion in revenue, surpassing consensus estimates. However, the revenue at its YouTube advertising segment missed forecasts. Shares of electric vehicle maker Tesla
Market trends in small cap investments have been on the rise, with many investors opting for a more diversified approach to their portfolios. According to ETF journalist Dave Nadig, the recent influx of money into small caps does not necessarily indicate a rotation from winning growth trades. Instead, Nadig suggests that investors are simply looking
In a recent press conference, top Chinese officials reiterated the country’s commitment to focusing on its own affairs amidst escalating trade tensions with other nations. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of ensuring the national economy can run smoothly by prioritizing
The $7,500 federal EV tax credit has been a hot topic since the Inflation Reduction Act was signed by President Joe Biden in 2022. While the credit is mainly associated with buyers of new electric vehicles, there is also a lesser-known way for consumers to access the credit through leasing. This alternative route, known as
JD Vance, the newest running mate of U.S. presidential hopeful Donald Trump, made a bold statement on China during his first speech at the Republican National Convention. He emphasized the need to protect American workers’ wages and prevent the Chinese Communist Party from exploiting the labor of American citizens to build their middle class. Vance’s
Federal Reserve Governor Christopher Waller recently hinted at the possibility of interest rate cuts in the near future, as long as there are no unexpected developments in inflation and employment. In his statement, Waller expressed his belief that the current economic data support the idea of a “soft landing,” and he indicated that he will