The recent approval of spot ether exchange-traded funds marks a historic week for the cryptocurrency markets. Nine applicants, including Franklin Templeton and VanEck, received the green light from the Securities and Exchange Commission, signaling a new era in digital asset investment. Franklin Templeton, the brains behind the Franklin Ethereum ETF (EZET), expressed optimism about the
A recent study conducted by the National Institute on Retirement Security revealed that only 11% of non-retirees are fully aware of the exact amount of Social Security benefits they can expect to receive. The majority of Americans, approximately 46%, do not have a clear idea of their benefit amounts. This lack of awareness can have
In a series of transactions over six consecutive trading days, Berkshire Hathaway has been consistently lowering its stake in Bank of America. The conglomerate, led by Warren Buffett, has sold off a total of 52.8 million Bank of America shares, amounting to $2.3 billion. This has reduced its stake in the bank to 12.5%, despite
Vice President Kamala Harris has been a strong advocate for affordable housing throughout her career, encompassing her time as attorney general for California to her current role in the Biden administration. Harris has been involved in various housing policy initiatives, such as the California Homeowner Bill of Rights and introducing the Rent Relief Act in
American Airlines recently announced a significant cut to its profit forecast for the year, citing a failed sales strategy as one of the main reasons. The airline had anticipated earning between 70 cents to $1.30 per share, a stark contrast to the initial forecast of $2.25 to $3.25 a share made earlier in the year.
Unilever saw its shares spike on Thursday morning after the company raised its full-year margin guidance and confirmed that the spinoff of its ice cream business was on track to be completed by the end of 2025. The increase in shares was initially nearly 8%, settling to around a 5.45% gain by mid-morning in London.
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market. This oversupply has led to airlines discounting tickets during what is typically the most lucrative period of the year. Southwest indicated that unit revenue for the current quarter could decrease by as much as 2%
The landscape of financial services is rapidly changing, with the rise of “buy now, pay later” (BNPL) options becoming increasingly popular among consumers. However, with this surge in popularity comes concerns about the potential risks and challenges associated with these services. In the UK, the government is gearing up to introduce updated plans to regulate
NextEra Energy is contemplating the idea of bringing back to life the Duane Arnold Energy Center in Palo, Iowa. The nuclear plant had ceased operations in 2020 after 45 years of active service. With the increasing demand for carbon-free energy and a surge in electricity consumption, the company’s CEO, John Ketchum, mentioned the necessity of
Chipotle Mexican Grill recently released its quarterly earnings report, exceeding analysts’ expectations. Despite a challenging time for the restaurant industry, Chipotle saw an increase in restaurant traffic, leading to a positive outcome for the company. The stock initially surged 13% in extended trading but eventually settled around 3% higher. This performance comes after a month