Crunchmarkets’s info on the world of finance
Title: Wall Street Keeps High Hopes On U.S Economy and Lower Interest Rates Investing.com reveals that on Thursday evening, U.S. stock index futures experienced a rise in thin trading, maintaining Wall Street’s proximity to record highs. This increase is due to the positive outlook on the robust U.S. economy and […]
Actively managed exchange-traded funds (ETFs) are gaining popularity among investors as a preferred choice over active mutual funds. Data from Morningstar shows a significant shift, with around $2.2 trillion being withdrawn from active mutual funds between 2019 and October 2024, while approximately $603 billion was invested into active ETFs during […]
“Intel Discloses Restrictions on Sale of Chipmaking Unit Stake Amid U.S. Subsidy Deal” Written by Stephen Nellis Intel has recently disclosed that the $7.86 billion subsidy it received from the U.S. government limits its ability to offload stakes in its chipmaking division, should it become autonomous. The U.S. Commerce Department […]
According to the minutes from the November gathering, Federal Reserve authorities are optimistic about the reduction in inflation and the robustness of the employment market. This, they believe, sets the stage for more gradual interest rate reductions. The meeting summary included various remarks suggesting that officials are satisfied with the […]
President-elect Donald Trump announced on Monday his plans to impose tariffs on the U.S.’s three biggest trading partners – Canada, Mexico, and China. This move is a part of his campaign promises, and it could potentially spark trade conflicts. Here’s an overview of the companies that might be affected, broken […]
Italian bank Banco BPM has rejected a takeover bid from domestic competitor UniCredit, stating that the offer does not adequately reflect the bank’s profitability. UniCredit’s €10 billion ($10.52 billion) bid was criticized by Banco BPM’s board of directors for being delivered on “unusual” terms and without prior agreement. The board […]
The Brazilian competition authority, Cade, has recently mandated that Apple must loosen its restrictions on payment methods used for in-app purchases among other directives. This decision was born out of an ongoing examination of a grievance lodged by the e-commerce titan of Latin America, MercadoLibre. While Apple’s Brazilian entity chose […]
On Monday, UniCredit, an Italian banking institution, proposed a takeover bid for its domestic competitor Banco BPM. The offer is said to be independent of its ongoing chase for the German bank, Commerzbank. The acquisition, valued at approximately €10 billion ($10.5 billion), could potentially fuse two of Italy’s biggest lenders. […]
BMO Capital Markets has reported a positive reaction from the BioPharma sector following President-elect Donald Trump’s appointment of Martin Makary as FDA commissioner. Investors are hopeful that Makary’s appointment will help reduce industry uncertainty. On the other hand, Trump’s nomination of Dave Weldon as the director of the Centers for […]
The recent surge in Bitcoin value has led to a misguided sense of security among investors, warns George Milling-Stanley, a strategist at State Street Global Advisors, often referred to as the architect of the first gold exchange-traded fund (ETF). Milling-Stanley argues that cryptocurrency investments lack the stability provided by gold. […]
