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
With President Joe Biden stepping out of the election arena, all eyes are now on Vice President Kamala Harris as the potential frontrunner for the Democratic nomination. While Harris has not yet disclosed her economic agenda, experts predict that her tax policy proposals could mirror Biden’s, which emphasize higher taxes on the wealthy and corporations.
Warner Bros. Discovery recently announced its intention to exercise its matching rights for a package of games that was slated for another company. The company is targeting the deal between NBC and Amazon Prime Video. This move by Warner Bros. Discovery comes after the NBA notified them of its intention to accept other offers for
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
McDonald’s has seen a significant increase in customer traffic since the introduction of the $5 value meal deal. Executives in the U.S. system reported that 93% of restaurants have voted to extend the promotion past its original end date. This shows that the offer is resonating with customers and keeping them loyal to the brand.
As Gen Xers start to approach age milestones that allow them penalty-free access to their retirement funds, there are some important considerations to keep in mind. The ability to withdraw money from individual retirement accounts (IRAs) and 401(k)s without facing penalties is a significant advantage. However, it is crucial to understand the implications of early
On Monday, Ryanair announced that its quarterly profit after tax had decreased by 46% compared to the same period last year. The budget airline reported a profit after tax of 360 million euros in the first quarter, down from 663 million euros in the previous year. The airline attributed the drop in profit to weaker-than-expected
General Motors is expected to stand out among the traditional Detroit automakers due to stable sales and vehicle prices during the first half of the year. Analysts estimate that GM will report a solid adjusted profit of $2.75 per share, which is a significant increase from the previous year. The revenue is also expected to
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
In today’s seemingly prosperous times, it is interesting to note the prevalent themes of struggle and financial vulnerability embedded in recent pop music hits. Artists like Taylor Swift and Beyoncé have captured the essence of modern-day malaise in their lyrics, resonating deeply with audiences. Even viral TikTok sensations like “I’m looking for a man in