Mark Murrell, founder of Get Maine Lobster of Portland, Maine, has an irritating business problem that he has been struggling to solve: offering discounts is costly and, well, "it feels so boring."
T. Rowe Price has agreed to acquire F/m Investments, a move that would more than double its assets invested in fixed-income exchange-traded funds, the two firms said on Thursday.
Many employees and early investors in SpaceX could seize a maybe irresistible opportunity on Thursday - cashing out on huge gains from the stock as the company's first share lockup expires. Brokers expect a rush to realize those profits.
Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym that is all the buzz on Wall Street.
Asset managers eager to roll out leveraged exchange-traded funds tied to SpaceX on its first trading day have been told to delay the launch until Monday, four sources familiar with the matter said.
Some raised concerns that it would open up workers to excessive risks and high fees on their retirement savings, while others saw opportunities for investors and funds to benefit.
The Vanguard S&P 500 ETF , the index investing pioneer's flagship exchange-traded product, became the first in the history of ETFs to reach and exceed $1 trillion in assets, the investment firm confirmed on Wednesday.
Hedgeye Asset Management rolled out a new exchange-traded fund designed to profit from the forced buying on the part of index funds and asset managers who try to hew closely to index allocations whenever their providers revamp the composition of major U.S. market benchmarks like the Standard & Poor's 500 index .
Space-themed exchange-traded funds are blasting off, with asset managers rushing to issue new products ahead of the much-anticipated IPO by industry giant SpaceX and investors jumping aboard the space bandwagon.
Rising benchmark yields tend to put pressure on equity valuations as companies and consumers will face higher borrowing costs. This can also weigh on economic growth and corporate profits.
