A $500 Billion Haul Reignites Passive Controversy on Wall Street
  • December 5, 2024

A $500 Billion Haul Reignites Passive Controversy on Wall Street

(Bloomberg) -- The passive-investing juggernaut is picking up speed — and it’s stirring up fresh angst about the dangers posed by the index-tracking boom across Wall Street. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitAs Wars Rage, Cities Face a Dark New Era of Urban DestructionWith almost a month still to go in 2024, index funds have raked in some $500 billion in fresh cash, while their

Santech Holdings Gains Nasdaq Extension to Meet Bid Price
  • December 5, 2024

Santech Holdings Gains Nasdaq Extension to Meet Bid Price

Santech Holdings (STEC) has released an update. Santech Holdings Limited has been granted an additional 180 days by Nasdaq to meet its minimum bid price requirement, extending their deadline to May 26, 2025. The company plans to address this issue by potentially executing a reverse stock split while it continues to explore new ventures in technology sectors such as new retail and the metaverse. This extension allows Santech to remain listed on the Nasdaq Capital Market as it works towards compli