Asset Manager Vaneck’s Defence ETF Attracts Investors Amid Global Conflicts

By Sudip Kar-Gupta LONDON (Reuters) – Fund manager VanEck’s defence-industry focused exchange traded fund (ETF) has reached more than $550 million in net assets in its first year, VanEck said on Monday, highlighting how current, global conflicts have driven investors to the defence sector. The New York-headquartered firm launched its VanEck Defense UCITS ETF at […]

JPMorgan profit beats estimates even as interest income misses predictions

By Nupur Anand and Niket Nishant (Reuters) -JPMorgan Chase’s profit beat estimates in the first quarter, but its shares fell 6% after forecasts for interest income fell short of analysts’ expectations on Friday. The largest U.S. lender slightly increased its estimate for net interest income (NII), or the difference between what a bank earns on […]

Factbox-Brokerages shift Fed rate-cut expectations to September after consumer price data

(Reuters) -Several global brokerages have pushed back their expectations of the U.S. Federal Reserve starting to lower interest rates to September from June following a bigger-than-expected rise in March consumer prices, with some seeing a cut only in December. The consumer price index (CPI) rose 0.4% last month and increased 3.5% on an annual basis. […]

Morgan Stanley Pledges $20 Million for Children’s Mental Health Initiative

NEW YORK (Reuters) – Morgan Stanley pledged $20 million over five years to its children’s mental health initiative, bringing its commitment to $50 million since it began in 2020, the bank said in a statement on Thursday. The Morgan Stanley Alliance for Children’s Mental Health funds nonprofit groups that carry out research and programs focused […]

Fed seen cutting US interest rates later, and less, as inflation stays hot

By Ann Saphir (Reuters) -Prospects for a first Federal Reserve interest-rate cut before the end of summer — or even at all this year — took a body blow on Wednesday with another U.S. inflation report that cast into stark relief the stickiness of price pressures across the U.S. economy. After months of centering on […]

Google unveils Arm-based data center processor, new AI chip

By Max A. Cherney SAN FRANCISCO (Reuters) – Google on Tuesday revealed the details of a new version of its data center artificial intelligence chips and announced an Arm-based based central processor. WHY IT’S IMPORTANT Google’s tensor processing units (TPUs) are one of the few viable alternatives to the advanced AI chips made by Nvidia, […]

Blackstone to take Apartment Income REIT private in $10 billion deal

(Reuters) -Asset manager Blackstone said on Monday it would take private rental housing firm Apartment Income REIT, known as AIR Communities, for $10 billion in cash, including debt, in what analysts see as a bet on easing pressure within the commercial real estate market. Under the deal, Blackstone will pay $39.12 for each share of […]

U.S. Going to the Mall in Germany

BERLIN (Reuters) – The investment firm of US businessman Richard Baker (NRDC) is among the two remaining bidders for Germany’s most prominent department store chain Galeria Karstadt Kaufhof, business outlet WirtschaftsWoche reported on Friday. “We are not commenting on the bidding process,” said a spokesman for Galeria’s insolvency manager Stefan Denkhaus. NRDC was not immediately […]

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Asset Manager Vaneck’s Defence ETF Attracts Investors Amid Global Conflicts

April 15, 2024

By Sudip Kar-Gupta LONDON (Reuters) – Fund manager VanEck’s defence-industry focused exchange traded fund (ETF) has reached more than $550 million in net assets in its first year, VanEck said on Monday, highlighting how current, global conflicts have driven investors to the defence sector. The New York-headquartered firm launched its VanEck Defense UCITS ETF at […]
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