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Korea’s KCC Glass to invest $525 mn more in Indonesian plant

Minister of Investment of Indonesia Rosan Roeslani (left) and KCC Glass Chairman Chung Mong-Ik light the melting furnace at the company’s plant in in the Central Java town of Batang on Oct. 3, 2024 (Courtesy of KCC Glass) KCC Glass Corp., South Korea’s major construction materials manufacturer, is set to make an additional investment of 700 billion won ($524.8 million) in its Indonesian glass plant to develop the facility as a cluster to expand its overseas business into other markets such as Southeast Asia, Oceania and the Middle East. KCC on Friday […]

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Dow leads declines ahead of jobs report, oil surges 5% as Mideast focus intensifies

Stocks slipped on Thursday as Wall Street awaited the key jobs report and dissected a slew of economic data ahead of it. Meanwhile, the possibility of an Israeli retaliatory attack against Iran’s oil facilities sent oil soaring for a third day. The S&P 500 (^GSPC) dropped almost 0.2%, while the Dow Jones Industrial Average (^DJI) […]

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Franklin Templeton Files for Bitcoin and Ethereum Index ETF With the SEC

Multi-trillion asset manager Franklin Templeton files for a Bitcoin and Ethereum index exchange-traded fund (ETF) with the US SEC. Crypto enthusiasts may have a single ETF allowing exposure to both Bitcoin and Ethereum. Per a recent filing, Franklin Templeton has applied with the SEC to launch an index fund that exposes investors to the two […]

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Common Sense Investing with Rick Van Ness – 387

[Editor’s Note: The monthly newsletter released earlier this week included the incorrect Market Update chart. Here is a link to the corrected chart. We regret the error.] Today, we are pulling another of our favorite episodes from the podcast archive. This one is a chat with prominent Boglehead-published author Rick Van Ness. Rick has made […]

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Gov. Holcomb joins Lilly to announce additional $4.5 billion investment at LEAP District

Gov. Holcomb joins Lilly to announce additional $4.5 billion investment at LEAP District | WBIW Local Weather Alerts There are currently no active weather alerts. […]

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Is cloud as transformative for the finance function as it seems?

CFOs today are navigating an increasingly complex financial landscape, with growing pressure to manage risk, drive strategic growth, and ensure compliance with ever-changing regulations. Traditional on-premises financial systems, while reliable, often struggle to keep up with the pace of today’s demands. The rise of cloud-based financial management systems offers a solution, enabling organisations to streamline […]

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Bitwise registers XRP ETF trust filing in Delaware

Asset manager Bitwise filed for an XRP exchange-traded fund (ETF) on Sept. 30 with Delaware’s Division of Corporations. The document consists of a registration for a Delaware statutory trust, a legally recognized trust set up for business. Bitwise CIO Matt Hougan confirmed the development and told CryptoSlate that more information would be released in the coming days. The most […]

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Pinterest stock jumps on bullish comments from Goldman, RBC By Investing.com

Investing.com — Pinterest (NYSE:) shares jumped at the open on Tuesday after receiving upbeat endorsements from Goldman Sachs and RBC Capital, both of which see significant growth potential for the social media platform. Pinterest shares are currently up more than 1% at around $32.75 a share. Goldman Sachs added Pinterest to its Americas Conviction List, […]

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Personal AI Receives Strategic Investment from BDev Ventures

Personal AI, a NYC-based firm that develops an AI persona training platform for enterprise, received an strategic investment from BDev Ventures. The amount of the deal was not disclosed. The company intends to use the funds to expand operations and its development efforts. Led by CEO Suman Kanuganti, Personal AI enables organizations across many industries […]

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Adams indictment exposes NY’s campaign finance corruption

I missed the boat on Nvidia and the near 200% explosion of its stock price in just one year, with a market capitalization about to eclipse the entire London Stock Exchange. I thought I was sharp, but my Charles Schwab portfolio is only rivaled in its failings by my DraftKings sports betting account and its […]

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