SPY's Big Outflows Hamper State Street: Morningstar
No. 3 ETF issuer questions data, as SPY, its flagship fund, has lost a net $26.9 billion this year in outflows.
No. 3 ETF issuer questions data, as SPY, its flagship fund, has lost a net $26.9 billion this year in outflows.
-- BCA Research said bets on a stronger Japanese yen were becoming more entrenched amid attractive valuations in local assets, the prospect of more interest rate hikes...
-- Japanese consumer price index inflation rose as expected in August amid a sustained pick-up in consumption on higher wages, with the reading coming just before a...
How do you define strong? Since when does the Fed cut interest rates in a strong economy?
While equities pop in Thursday's session — an almost delayed reaction to yesterday's interest rate decision by the Federal Reserve — how are tech stocks poised to operate in this new rate easing cycle? The Futurum Group Chief Market Strategist Cory Johnson sits down with the Market Domination team to cover what Fed rates mean for the tech sector as they invest more into artificial intelligence. "There is a confidence that companies have to invest money in tech and in AI in particular. They've always been spending money on tech, but spending money on AI, figuring out what data they've got, figuring out where there's value, and companies of all kinds are doing that work right now." Johnson shares his outlook on tech names outside of the Magnificent Seven. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Yesterday was a big day, folks. The Federal Reserve concluded its Federal Open Market Committee (FOMC) meeting for September, announcing its long-awaited decision on key interest rates. If you haven’t seen the news yet, I won’t keep you in suspense. The Fed cut rates by 0.5%, and it was the first rate cut we’ve had since March 2022. Now, leading up to this meeting, the pressures have been mounting for a rate cut. The reality is that inflation is cooling (which we covered in last Thursday’s Marke
Dow Jones stocks jumped more than 400 points after the Fed cut rates by 50 basis points Wednesday. Nvidia soared past a key level.
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
The SEC notice seemed to be an industry first after the commission approved the listing and trading of spot Bitcoin exchange-traded funds on US exchanges in January.
Elon Musk and his various companies are currently facing regulatory scrutiny in Brazil, the European Union, and the United States.