The Federal Reserve told the stock market what it wanted to hear last week. News Wednesday that the central bank still expects to cut interest rates three times this year sent stocks to record highs. Despite a pullback on Friday, the major averages finished the week with gains north of 2% across the board. In […]
Whittier Trust Co. raised its holdings in shares of Vanguard ESG U.S. Corporate Bond ETF (BATS:VCEB – Free Report) by 361.6% during the fourth quarter, Holdings Channel reports. The fund owned 18,534 shares of the company’s stock after buying an additional 14,519 shares during the period. Whittier Trust Co.’s holdings in Vanguard ESG U.S. Corporate […]
NextEra Energy Partners (NEP 1.29%) is showing up on high-yield screens today thanks to its huge 12%+ distribution yield. This wasn’t always the situation, noting that the yield was closer to 4% at the end of 2022. The steep unit price decline that pushed the yield higher is worth examining, but the potential fallout from […]
By Emily R West at Franklin Home Page A new investor out of Kansas City will now have a real-estate holding worth $38 million with the purchase of Franklin’s largest movie theatre. According to the Nashville Business Journal, EPR properties bought the Thoroughbred 20, located off of Frazier Drive. The theatre is operated by Carmike […]
Apple Inc. plans to invest further in research in China, Chief Executive Officer Tim Cook said as he continues his high-profile visit to the country. The company will pump resources into applied research in the financial hub of Shanghai, the state-run newspaper China Daily reported Friday, citing Cook’s commentsBloomberg Terminal to Commerce Minister Wang Wentao. […]
Revenue: Dropped to $0.8 million in 2023 from $44.7 million in 2022, primarily due to decreased Vaxzevria sales. Net Loss: Expanded to $73.3 million, or $1.91 per share, reversing the prior year’s net income of $5.3 million, or $0.14 per share. Cash Position: Decreased to $142.1 million at year-end 2023 from $194.4 million at the […]
Spot Bitcoin ETFs are facing redemptions as the underlying cryptocurrency sells off. Analysts remain optimistic about Bitcoin’s future growth despite the current pullbacks. BlackRock’s iShares Bitcoin Trust has amassed approximately $15 billion in assets since its launch in late January, the quickest new ETF has reached that level. Spot exchange-traded funds, including the iShares Bitcoin […]
© Reuters. ChargePoint (NYSE:) Holdings, Inc. (NYSE:CHPT) Chief Accounting Officer Henrik Gerdes has sold a portion of his company stock, a recent filing with the Securities and Exchange Commission reveals. The transaction, which took place on March 21, involved the sale of 5,607 shares at a price of $1.87 per share, amounting to a total […]
The National Chamber of Commerce on February 18 in partnership with BDO Partners Sri Lanka, explored the investor-friendly aspects of the recently announced tax amendments. Partner Tax Services BDO Sarah Afker, presented the changes to the major categories of tax. The event took place at the National Chamber of Commerce Auditorium in Colombo 10. Afker […]
OKLAHOMA CITY, March 21, 2024 /PRNewswire/ — Praesidian Capital, a private equity firm headquartered in Oklahoma City with offices in New York and London, announced the successful exit of its investment in Biologos Holdings, LLC (“Biologos”), a provider of sterile-filtered biological products for veterinary, pharmaceutical, and medical research applications. Praesidian made an initial investment in […]
