The U.S. Securities and Exchange Commission has given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. Trading for these ETFs is expected to begin as early as Tuesday, marking a significant moment for the cryptocurrency market. Several fund issuers submitted additional registration statements on Monday afternoon, signaling that the SEC
Investing
In a surprising move, Berkshire Hathaway decided to trim its massive holding in Bank of America after a successful run in 2024. This marked the first time in over four years that Warren Buffett’s conglomerate has reduced its stake in the bank, selling almost $1.5 billion worth of shares in separate sales. The average selling
In the current volatile environment of the stock market, it is crucial for investors to focus on long-term prospects rather than short-term fluctuations. One stock that stands out as a top pick by Wall Street analysts is Costco Wholesale (COST). Despite the recent increase in its membership fees, which could potentially impact consumer behavior, analysts
The highly anticipated 2024 football season is officially kicking off with Electronic Arts releasing a new and improved version of its college football game. This drastic revamp has many nostalgic fans of the old game excited, while also feeling a bit overwhelmed by the changes. As Anthony Bencomo, a 47-year-old corporate recruiter and owner of
Ken Griffin, the billionaire investor and CEO of Citadel, made headlines when he purchased a late Jurassic stegosaurus skeleton at a Sotheby’s auction for a staggering $44.6 million. The purchase marked the most valuable fossil ever sold at auction, far exceeding the initial expectations for the sale. The Remarkable Specimen The stegosaurus, named “Apex,” is
The International Monetary Fund recently issued a warning regarding the heightened risks of inflation. According to the IMF’s latest World Economic Outlook update, there has been a slowdown in global disinflation, indicating potential obstacles ahead. The report highlighted the U.S. falling behind other major economies in terms of quantitative easing due to a rise in
Dividend-paying stocks are often sought after by investors looking to enhance their portfolio returns and add stability during uncertain market conditions. These stocks not only offer regular income in the form of dividends but also have the potential for capital appreciation over time. By tracking Wall Street analysts’ ratings, investors can identify dividend-paying companies with
Smith & Nephew, a leading British medical technology company, has been facing challenges in recent years despite its global market presence and strong brand perception. With Cevian Capital acquiring a 5.11% stake in the company, there is potential for a turnaround that could significantly enhance long-term shareholder value. Smith & Nephew operates in three key
As investors struggle to decipher mixed signals in the economy, one stock that stands out is Micron Technology (MU). The recent fiscal third-quarter results from the company have been impressive, with beats on the top and bottom lines. This success can be attributed to the increasing demand for artificial intelligence (AI) technology which Micron is
Investors are constantly searching for dividend-paying stocks that can enhance their portfolios and generate strong returns. Darden Restaurants (DRI) is one such company that stands out among Wall Street’s top pros on TipRanks. With popular brands like Olive Garden, LongHorn Steakhouse, and Yard House under its belt, Darden recently announced its fourth-quarter results, which showed