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ETF industry breaks T inflow record

The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s “It Was a Very Good Year,” as the industry just hit $1 trillion annually in assets this month, faster than any other time in history. “I think, largely speaking, you look across the different asset classes…

White House may take 10% stake in Intel as Softbank invests  billion

Intel shares rose Tuesday after Softbank announced it will invest $2 billion in the chipmaker.  Ticker Security Last Change Change % INTC INTEL CORP. 25.32 +1.66 +7.02% “We are very pleased to deepen our relationship with SoftBank, a company that’s at the forefront of so many areas of emerging technology…

Buffett revives UnitedHealth, giving stock best week since 2009

Warren Buffett is helping revive shares of beleaguered UnitedHealthcare Group after taking a $1.6 billion stake in the company, according to filings with the Securities and Exchange Commission. UnitedHealth shares clocked the largest one-day percent increase since March 2020, as tracked by Dow Jones Market Data Group. It was on…

Buffett revives UnitedHealth, giving stock best day since 2008

Warren Buffett is helping revive shares of beleaguered UnitedHealthcare Group after taking a $1.6 billion stake in the company, according to filings with the Securities and Exchange Commission. UnitedHealth shares are on pace for the best one-day percentage gain since 2008, as tracked by Dow Jones Market Data Group. Still,…

Business travel jumps 15% as companies send workers back on road, Navan finds

Companies are bringing their employees back into the office — and sending them back on the road. The Navan Business Travel Index (BTI) shows business travel jumped 15% year-over-year. Additionally, the BTI showed a 54% increase in travel intensity since Q1 2023, the index’s baseline year. Navan CFO Amy Butte…

Financial exchange MIAX’s IPO soars, eyes Miami expansion

Miami International Holdings, also known as financial markets exchange MIAX, raised over $345 million in its IPO Wall Street debut.  Shares, which priced at $23, rose over 33% on the first day of trading and are listed on the New York Stock Exchange under the ticker MIAX.Ticker Security Last Change…

Spirit Airlines warns it may not survive another year amid cash struggles

Spirit Airlines warned Tuesday that it may not make it through another year, citing concerns over its ability to raise enough cash, despite having successfully restructured its debt and emerging from bankruptcy just months ago.  The beleaguered low-cost carrier said in a Securities and Exchange Commission (SEC) filing that it…

Trump administration tariff ruling sends gold futures to all-time high

U.S. gold futures rose to a record high on Friday amid uncertainty over whether the Trump administration’s country-specific import tariffs would apply to the most commonly traded sizes of gold bars. Washington may place the most widely traded gold bullion bars in the U.S. under country-specific tariffs, according to a ruling on…

Semiconductor stocks, ETFs active as Trump announces 100% chip tariff plan

President Trump’s message to global chipmakers is: Manufacture in the United States, and you won’t be slapped with a hefty tariff.  “We’ll be putting a tariff on approximately 100% on chips and semiconductors. But if you’re building in the United States of America, there’s no charge, even though you’re building,…

ETF inflows on pace for record .3 trillion year despite volatility

Despite the whiplash of President Donald Trump’s tariffs, trade uncertainty and day-to-day market swings, investors are pouring money into exchange-traded funds to capture fast-moving stock and bond action.  With $121 billion flowing into ETFs industrywide in July, the yearly tally hit $677 billion and is now on pace for a…