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ETFs cross $1 trillion of inflows in 2024, extending record year
12Dec By Aditi PawarNo Comments
Business

ETFs cross $1 trillion of inflows in 2024, extending record year

The Wall Street Bull statue covered in snow on Nov. 15, 2018.Erik Mcgregor | Lightrocket | Getty ImagesA record year for the exchange-traded fund industry recently crossed another milestone, surpassing $1 trillion of total inflows for the first time, according to research firm ETFGI and the Investment Company Institute.The fund that has enjoyed the biggest demand this year is the Vanguard S&P 500 ETF (VOO), which has raked in roughly $100 billion, according to FactSet. The fastest-growing new fund is the iShares Bitcoin Trust (IBIT), which has attracted more than $34 billion since its launch in January.Top US ETFs by inflows in 2024Fund Ticker YTD Inflows Vanguard S&P 500 ETFVOO$100.1 billioniShares Core S&P 500 ETFIVV$61.0 billioniShares Bitcoin ETF IBIT$34.8 billionVanguard T...
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Trump to be named Time’s ‘Person of the Year’ for second time
12Dec By No Comments
World News

Trump to be named Time’s ‘Person of the Year’ for second time

By Steve Contorno and Kristen Holmes for CNN Donald Trump signals to the crowd after an attempted assassination at a campaign rally in Pennsylvania in 2024. Photo: Anna Moneymaker/Getty Images/AFP Donald Trump once publicly speculated that Time would never name him the news magazine's "Person of the Year." Now, the honour will be bestowed on him twice. Time will name Trump as this year's choice on Thursday, recognising the president-elect as the individual or group deemed to have wielded the greatest influence on global affairs "for good or for ill." To celebrate the unveiling of the magazine cover, Trump will ring the opening bell at the New York Stock Exchange, a source familiar with the matter told CNN. Trump sat for a wide-ranging interview with the magazine last month. Time decl...
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City of Vancouver to probe investing in Bitcoin, accepting it as payment
12Dec By Aditi PawarNo Comments
Politics

City of Vancouver to probe investing in Bitcoin, accepting it as payment

Vancouver city council has voted to explore ways to make the municipality a “Bitcoin-friendly city.” The motion approved Wednesday won’t mean the city is investing or accepting payment in cryptocurrency any time soon, but will instead direct staff to look into those possibilities.The proposal passed along party lines with Mayor Ken Sim, who proposed the initiative, and his ABC Vancouver councillors in support, and two Green councillors opposed.Thirty-four people signed up to speak to the motion, many of them enthusiastic supporters of the technology. 1:55 Vancouver mayor’s ‘bitcoin-friendly’ city motion In an interview with Global News before ...
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ServiceTitan prices at $71, above expected range
12Dec By Aditi PawarNo Comments
Business

ServiceTitan prices at $71, above expected range

Vahe Kuzoyan, left, and Ara Mahdessian, the founders of ServiceTitan.ServiceTitanServiceTitan, a provider of cloud software to contractors, priced its IPO at $71 a share on Wednesday, above the expected range. The company is set to debut on the Nasdaq on Thursday under ticker symbol "TTAN." ServiceTitan previously raised its price range to between $65 and $67.ServiceTitan sold 8.8 million shares in the offering, which would amount to a raise of almost $625 million. At the IPO price, ServiceTitan is worth about $6.3 billion.Technology IPOs have been sparse since late 2021, when inflation and rising interest rates pushed investors out of riskier assets. Cloud software stocks quickly went out of favor after remote work during the pandemic had accelerated their growth.In March of this year, so...
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The gun CEO killing suspect Luigi Mangione had upon arrest matches shell casings from the crime scene, police say
12Dec By No Comments
World News

The gun CEO killing suspect Luigi Mangione had upon arrest matches shell casings from the crime scene, police say

By Dalia Faheid, Michelle Watson, Bonney Kapp, John Miller and Dakin Andone, CNN The 3D-printed gun that healthcare CEO killing suspect Luigi Mangione had when he was arrested this week in Pennsylvania matches three shell casings found at the crime scene in Midtown Manhattan, the New York Police Department commissioner said Wednesday, as authorities continue to investigate the motive for the killing. Also, Mangione's fingerprints match those investigators found on items near the scene of the December 4 assassination of the UnitedHealthcare chief, Commissioner Jessica Tisch said at a public event. Three 9 mm shell casings from the crime scene had the words "delay," "deny" and "depose" written across them, one word per bullet, NYPD's Chief Detective Joseph Kenny has said. Police have been l...
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Trudeau shares border plan with premiers in meeting on Trump tariff response
12Dec By Aditi PawarNo Comments
Politics

Trudeau shares border plan with premiers in meeting on Trump tariff response

Prime Minister Justin Trudeau shared an “overview” of the federal government’s plan to strengthen border security with Canada’s premiers and discussed potential responses to tariffs threatened by U.S. president-elect Donald Trump during a meeting Wednesday, federal officials said. Public Safety Minister Dominic LeBlanc told reporters in Ottawa that the border plan was still being finalized, and would incorporate suggestions from the premiers during the meeting, the second one held since Trump’s threat to impose 25 per cent tariffs on Canadian imports. He said details would be shared with the incoming Trump administration and Canadians “in the coming days.”“We shared the details of the border plan with premiers, and received positive feedback,” he said following the meeting.LeBlanc said sev...
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If Trump wants to kill inflation, the first thing he needs to do is get more homes built
12Dec By Aditi PawarNo Comments
Business

If Trump wants to kill inflation, the first thing he needs to do is get more homes built

Homes under construction in Englewood Cliffs, New Jersey on Nov. 19th, 2024.Adam Jeffery | CNBCIf President-elect Donald Trump is going to push inflation back down to a more tolerable level, he will need help from housing costs, an area where federal policymakers have only a limited amount of influence.The November consumer price index report contained mixed news on the shelter front, which accounts for one-third of the closely followed inflation index.On one hand, the category posted its smallest full-year increase since February 2022. Moreover, two key rent-related components within the measure saw their smallest monthly gains in more than three years.But on the other hand, the annual rise was still 4.7%, a level that, excluding the Covid era, was last seen in mid-1991 when CPI inflation...
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Donald Trump invites Xi Jinping to his inauguration – report
12Dec By No Comments
World News

Donald Trump invites Xi Jinping to his inauguration – report

Chinese president Xi Jinping and US President Donald Trump Photo: AFP US President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, CBS News reported on Wednesday, citing multiple sources. According to the CBS report, Trump invited Xi in early November, shortly after the election, sources said, but it was not clear whether he has accepted the invitation. A spokesperson for the Chinese embassy in Washington did not immediately comment. In addition to Xi, the president-elect's team has raised the possibility of hosting other leaders at the Capitol on 20 January (US time). Hungary's far-right leader, Prime Minister Viktor Orbán, who has a warm relationship with Trump and visited him at Mar-a-Lago this week, is "still considering" whether to...
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John Galliano blasts cancel culture as he steps away from Maison Margiela: read full statement
11Dec By No Comments
Life Style

John Galliano blasts cancel culture as he steps away from Maison Margiela: read full statement

John Galliano entered Maison Margiela under the cloak of controversy in 2014. A decade later, as the great British fashion designer today announces he is stepping down as Artistic Director from the Belgian-founded, Paris-based fashion house, the industry wonders: is his rehabilitation complete? The 64-year old designer rose to global acclaim in the Nineties thanks to extraordinary collections at the helm of Givenchy, Dior as well as his own label, John Galliano, alongside creating timeless red carpet outfits for clients including Diana, Princess of Wales and Nicole Kidman but came crashing down to earth when footage of his drunken, anti-semitic tirades were leaked in 2010. John Galliano designed Zendaya’s Maison Margiela Met Gala dress this May Getty ImagesFired from Dior and shunned fr...
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How Alphabet’s unexpected quantum rally pushed the Nasdaq to new highs
11Dec By Aditi PawarNo Comments
Business

How Alphabet’s unexpected quantum rally pushed the Nasdaq to new highs

The Nasdaq Composite crossed a closely followed mark for the first time ever on Wednesday. Investors can thank Alphabet 's breakout on the back of a quantum announcement. The tech-heavy index eclipsed the 20,000 level , while the more-concentrated Nasdaq 100 also touched all-time highs. One of the best performers within tech was the Google parent, whose shares surged 5.5% and also hit a new intraday high. Alphabet rallied on Wednesday after the megacap technology company released its first version of an artificial intelligence model. That marks a second day of eye-popping gains for the stock, as shares jumped more than 5% on Tuesday following Alphabet's unveiling of a "breakthrough" quantum computing chip called Willow. GOOGL ALL mountain Alphabet, all-time Alphabet shares are now tracking...
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