Exchange-traded fund experts anticipate spot bitcoin ETFs, which debuted this month, to spark a new wave of crypto products.Cboe Global Markets' Catherine Clay believes options are a natural progression for bitcoin ETFs."We believe that the utility of the options, what they provide to the end investor in terms of downside...
Category: Finance
New Morgan Stanley CEO is ‘super bullish’ on hitting financial targets
Morgan Stanley's new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in client assets and a 20% return.Pick, a three-decade Morgan Stanley veteran who took over this month, said he has three priorities: sticking to the strategy laid out by predecessor James...
Why spot ETFs may be a game changer for bitcoin
The Securities and Exchange Commission's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing.Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF."We really believe...
Deflation: Here’s where prices fell in December 2023, in one chart
Extreme-photographer | E+ | Getty ImagesAs inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation.In other words: Americans are seeing prices decline for certain items.Those pullbacks have largely been among physical goods rather than services, economists said.Demand for goods soared early...
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank's reorganization came in far higher than disclosed by the...