By Suzanne McGee and Hannah Lang (Reuters) – Inflows into the nine recently launched exchange-traded funds (ETFs) tied to bitcoin have resumed their upward trajectory this week after the cryptocurrency’s price bounced back from its dip last week. “The resumption in bitcoin’s strong performance is sparking renewed interest in the ETFs,” said Todd Rosenbluth, head […]
Hyundai Motor Doubles Down on EVs as It Ramps up Investment in Korea
By David Shepardson and Jack Kim NEW YORK/SEOUL (Reuters) -Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years in South Korea to ramp up electric vehicle production and new mobility business and separately hire 80,000 new employees, doubling down at a time when other established automakers are […]
Hulu Launches on Disney+ In Bid to Boost Streaming Use
By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney completed the addition of the general-audience-focused Hulu streaming service to the family friendly Disney+ on Wednesday, putting titles such as “The Bear” and “American Horror Story” in the same app as “Moana” and “Frozen.” The combination, which the company started testing last year, is designed to […]
$1000 Invested In Ross Stores 10 Years Ago Would Be Worth This Much Today
Ross Stores (NASDAQ:ROST) has outperformed the market over the past 10 years by 4.05% on an annualized basis producing an average annual return of 14.77%. Currently, Ross Stores has a market capitalization of $48.32 billion. Buying $1000 In ROST: If an investor had bought $1000 of ROST stock 10 years ago, it would be worth […]
US new home sales fall; median price lowest in more than 2-1/2 years
By Lucia Mutikani WASHINGTON (Reuters) -Sales of new U.S. single-family homes unexpectedly fell in February after mortgage rates increased during the month, but the underlying trend remained strong amid a chronic shortage of previously owned houses on the market. The report from the Commerce Department on Monday also showed the median new house price last […]
Investors greenlight Trump’s $5.7 billion social media deal
By Helen Coster, Svea Herbst-Bayliss (Reuters) -Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a merger currently worth about $5.7 billion. The deal values Trump’s majority stake in the company that holds his app […]
Clorox to sell some Latin American operations; take $233 million charge
(Reuters) – Bleach maker Clorox said on Thursday that it would sell its operations in Argentina, Uruguay and Paraguay to private equity fund Apex Capital, as it looks to tighten its portfolio to be more profitable, and take a one-time charge of about $233 million related to the sale. The company, whose move comes at […]
Samsung Elec Expects $100 Million Or More Sales from Advanced Chip Packaging Business
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics expects $100 million or more of revenue from its next batch of advanced chip-packaging products this year, co-CEO Kye-Hyun Kyung said on Wednesday. Samsung set up advanced chip packaging as a business unit last year, and Kyung said he expects the results of Samsung’s investment […]
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U.S. Cryptocurrency ETF Inflows Pick Up as Bitcoin Price Recovers
March 28, 2024
By Suzanne McGee and Hannah Lang (Reuters) – Inflows into the nine recently launched exchange-traded funds (ETFs) tied to bitcoin have resumed their upward trajectory this week after the cryptocurrency’s price bounced back from its dip last week. “The resumption in bitcoin’s strong performance is sparking renewed interest in the ETFs,” said Todd Rosenbluth, head […]
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