Reuters | 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 […]
Reuters | March 27, 2024
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 […]
Reuters | March 27, 2024
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 […]
Benzinga Insights | March 26, 2024
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 […]
Reuters | March 25, 2024
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 […]
Reuters | March 23, 2024
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 […]
Reuters | March 21, 2024
(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 […]
Reuters | March 20, 2024
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 […]
Reuters | March 19, 2024
By Hannah Lang, Amanda Cooper and Rae Wee WASHINGTON/LONDON/SINGAPORE (Reuters) -Bitcoin fell by as much as 6.5% on Tuesday, on track for its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks. The price was last down 5.86% at $63,419, having dropped to a […]
Reuters | March 18, 2024
By Pratima Desai LONDON (Reuters) – The U.S. looked into buying cobalt for defence stockpiles last year, three sources with knowledge of the matter said, adding the Defense Logistics Agency (DLA) could consider purchases in future despite deciding against them in its latest plan. Any increase in cobalt holdings would be aimed at reducing reliance […]