Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Markets Bounce Back : Stocks rebounded … Read more
Jakub Porzycki | Nurphoto | Getty Images PARIS — Issuers of spot bitcoin exchange-traded funds cast doubt over the short-term likelihood of the U.S. Securities and Exchange Commission approving such a product for the cryptocurrency ether. The regulator has a late-May deadline to conclude its review on an ether ETF. That comes after the SEC in March … Read more
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday will settle a long-simmering proxy battle led by billionaire investor Nelson Peltz. Voters will decide whether the company’s board deserves another year together, … Read more
Bob Iger, CEO of The Walt Disney Company, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed attraction at Shanghai Disney Resort on December 19, 2023 in Shanghai, China. Visual China Group | Getty Images Disney’s largest shareholder, index-fund manager Vanguard, plans to support management over Nelson Peltz’s Trian Partners in Wednesday’s board … Read more
Bob Iger and Nelson Peltz. CNBC In 2015, Nelson Peltz’s Trian Partners was defeated in an activist campaign against chemical firm DuPont, largely because the top three institutional shareholders voted against his slate. Nearly a decade later, those same institutional investors — Vanguard, State Street and BlackRock — are the three largest shareholders in Disney. … Read more
DAVOS, Switzerland — Bitcoin does nothing, JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the World Economic Forum. “I call it the pet rock,” he added. Dimon is a long-time bitcoin critic. The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last … Read more
Bitcoin slid on Friday to end what should have been a momentous week for the cryptocurrency, with the launch of 11 bitcoin ETFs in the U.S. after a years long battle for institutional acceptance of the asset. The price of bitcoin dropped nearly 6% to $44,022.22, according to Coin Metrics, pulling most of the crypto … Read more
Larry Fink Cameron Costa | CNBC Bitcoin ETFs have arrived after a hard fought battle between the crypto industry and the Securities and Exchange Commission. Larry Fink, CEO of BlackRock — the biggest asset manager in the world — thinks it’s just the first step toward a new financial world. ETFs, or exchange-traded funds, were … Read more
Recep-bg | E+ | Getty Images The U.S. Securities and Exchange Commission on Wednesday approved the first U.S. spot bitcoin exchange-traded funds. But experts urge caution before piling into the long-awaited ETFs. The agency signed off on 11 bitcoin ETF applications, including funds from BlackRock, Fidelity, Ark Invest, WisdomTree and Grayscale. The new investment provides … Read more
Omar Marques | Lightrocket | Getty Images Bitcoin hovered around the flat line higher late Wednesday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency trimmed earlier losses and was last trading flat at $46,671.22, according to Coin Metrics. … Read more
