Legendary value investor Jeremy Grantham has launched his firm’s first active ETF called the GMO U.S. Quality ETF. He has put GMO partner Tom Hancock in charge of it. According to Hancock, interest in active ETFs has increased in recent years, especially among institutional clients, due to tax advantages and ease of trading. The new…
Bridgewater Founder Ray Dalio Warns U.S. Debt Nearing ‘Inflection Point’ In a recent appearance on CNBC’s “Squawk Box,” Ray Dalio, the founder of Bridgewater Associates, issued a warning about the escalating U.S. government debt. Dalio emphasized that the mounting debt could lead to bigger economic, political, and social problems for the country. The U.S. currently…
Republican Rep. George Santos of New York is facing expulsion from Congress after a damning report found evidence of campaign fraud and theft. The House Ethics Committee chairman, Michael Guest, filed a resolution to expel Santos, stating that the evidence uncovered during the investigation is grounds for punishment in the form of expulsion. The resolution…
Boston Fed President Susan Collins: More rate hikes may be needed despite recent inflation signs Boston Federal Reserve President Susan Collins cautioned that despite recent positive signs on inflation, more interest rate hikes could still be necessary. In an interview with CNBC, Collins emphasized the importance of appreciating the good news but also staying the…
SpaceX’s mammoth Starship rocket took off from the company’s Boca Chica launchpad in Texas on an uncrewed test flight. The launch was a significant milestone for Elon Musk’s company, showcasing the next generation of spacecraft. The launch occurred just after 8 a.m. ET from the Starbase facility near Boca Chica, Texas. The seven-minute flight was…
Elon Musk, the CEO of Tesla Inc., was criticized by the White House on Friday for endorsing “Antisemitic and racist hate” after agreeing with a social media post accusing “Jewish communities” of promoting “hatred against whites.” White House spokesman Andrew Bates condemned Musk’s views, calling them “unacceptable” and a betrayal of American core values. The…
Midday Trading Update: Gap, Spectrum Brands, and ChargePoint Make Headlines In the latest midday trading update, several companies are making headlines with significant stock movements. Gap, the apparel retailer, saw shares surge by 30.6% after posting fiscal third-quarter results that beat Wall Street’s estimates. The strong sales at Old Navy and improvements at its namesake…
Apple and Disney have both halted their online advertising campaigns on X, formerly Twitter, after Elon Musk expressed support for an antisemitic tweet. This decision was confirmed by sources familiar with both companies’ moves. In addition, other companies like Warner Bros Discovery, Paramount Global, Lions Gate Entertainment, and Comcast have also suspended their campaigns on…
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OpenAI’s board of directors announced on Friday that Sam Altman would be stepping down as CEO, and that he would be replaced by Mira Murati. The company cited a lack of consistent communication and lack of transparency in its decision. The board also stated that OpenAI’s president, Greg Brockman, would be stepping down as chairman…
