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Green day : A lot was working in the stock market on Friday. But it was hard to see through an ugly rotation out of this year's Big Tech winners in favor of more interest rate-sensitive stocks. Many of our hot tech stocks took a breather this week. It's more evidence of why Jim Cramer calls these two names "own, don't trade" stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Dow, Russell, Eli Lilly, Lilly, Wells Fargo, NII, toolmaker Stanley Black, Decker, Morgan Stanley, That's, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Federal, Nasdaq, PPI, Fed, Meta, Nvidia, Apple, Ford, Abbott Laboratories, Jim Cramer's Charitable, Financial, Nurphoto, Getty Locations: Morphic, Wells, New York City, Mairo
Jon Stewart is upset that the Democratic Party failed to prepare for threats like Biden appearing weak. "I don't know if it was complacency, or deceit, or whatever it is," Stewart said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementComedian Jon Stewart accused the Democratic Party of putting its voters between a "rock and a hard place" by failing to prepare them for any doubts about President Joe Biden's health before the 2024 election. "What do I do with my anger at a Democratic Party that honestly has put us in this rock and a hard place position?"
Persons: Jon Stewart, Biden, Stewart, Biden's, , Joe Biden's, Kamala Harris Organizations: Democratic Party, Trump, Service
Read previewParamount's flagship streaming service gets less attention and respect than it deserves — including, perhaps, from its new owners. Skydance, led by aspiring media mogul David Ellison, publicly unveiled its plan to invest billions into the so-called "New Paramount." Those lines likely have employees in Paramount's streaming division shaking in their shoes. It certainly sounds like Skydance is keen on trimming spending on the service or shacking it up with another streaming service like Warner Bros. Paramount's streamer had the highest share of subscriptions added in the first quarter in the US, according to data from Antenna.
Persons: , Skydance, David Ellison, Ellison, Discovery's Max, Max, there's, Puck's Matthew Belloni Organizations: Service, Paramount, CBS, Nickelodeon, Business, Warner Bros, Netflix, Amazon Prime Locations: Canada, Mexico, Australia, Europe, Latin America, South America
CNN —Defending champion Carlos Alcaraz reached his second straight Wimbledon final on Friday, beating Daniil Medvedev 6-7(1) 6-3 6-4 6-4 in an entertaining semifinal encounter on Centre Court. After the match, Spaniard Alcaraz bravely joked with the crowd that “Sunday is going to be a good day for Spanish people” ahead of the Wimbledon final and Euro 2024 final, in which Spain will face England, drawing loud boos. Alcaraz then held his hands together, asking for forgiveness from the crowd with a big grin on his face. “I just said it’s going to be a fun day.”Still only 21 years old, Alcaraz is now into the fourth grand slam final of his career. That is now 13 straight wins at Wimbledon for Alcaraz and 13 straight grand slam victories after winning the French Open last month.
Persons: Carlos Alcaraz, Daniil Medvedev, Alcaraz, , Alex Zverev, , Medvedev, Matthew Childs, I’ve, ” Alcaraz, ’ –, Novak Djokovic, Italy’s Lorenzo Musetti Organizations: CNN —, Wimbledon, Court, England, Medvedev, Alcaraz, Reuters Locations: Spain, Murcia, Alcaraz, Friday’s
Second quarter earnings season could trigger the most painful stock correction since 2022, according to NDR. AdvertisementHere's what investors should look out for during the second quarter earnings season, according to NDR. Therefore, it's not a matter of whether analysts will cut their second-half earnings growth estimates but rather by how much they will cut. "Management teams have guided the Q2 year/year growth rate down to 5.7% from 7.0% at the end of May. "Analysts are banking the Mag 7 to continue to drive earnings growth, but the rest of the market to participate more.
Persons: , Ned Davis, Ed Clissold, Clissold Organizations: NDR, Service, Ned Davis Research, Management, Nvidia, Amazon
Read previewJapan's defense ministry is investigating officers of a naval destroyer that entered Chinese territorial waters for about 20 minutes on July 4, according to local reports. Kyodo News reported on Thursday that the Maritime Self-Defense Force destroyer Suzutsuki was monitoring Chinese live-fire drills on the coast of China's Zhejiang province when it pushed into Chinese territory. Related storiesHowever, Kyodo News cited Chinese diplomatic officials saying that Beijing believes the Suzutsuki broke Chinese laws by failing to request entry. Tokyo has also often noted China's incursions into its own waters, Chong said. AdvertisementChinese naval ships have also entered Japanese waters before, including in February 2023, when a survey vessel encroached into Japan's territorial waters near Kagoshima prefecture.
Persons: , Suzutsuki, Lin Jian, Ian Ja Chong, Chong, China's Organizations: Service, Kyodo, Self, Defense Force, Business, Kyodo News, Sankei, Reuters, Chinese Foreign Ministry, Sankei Shimbun, National University of Singapore, Kagoshima prefecture . Press Locations: China's Zhejiang, Zhejiang's, Zhejiang, China's, Taiwan, Beijing, Akita, Hachinohe, Aomori, Tokyo, China, Kagoshima prefecture
The most bullish S&P 500 price target is 6,000 from Evercore ISI, which represents a gain of about 7%. While the average year-end S&P 500 price target is 5,429, according to data from Bloomberg, the median year-end price target is 5,600. Yardeni Research: S&P 500 price target of 5,800Yardeni Research raised its year-end S&P 500 price target to 5,800 from 5,400 this week. Goldman Sachs: S&P 500 price target of 5,600Goldman Sachs strategist David Kostin boosted his S&P 500 price target to 5,600 from 5,200 last month. UBS: S&P 500 price target of 5,600UBS raised its S&P 500 price target to 5,600 from 5,400 in May, and that's after the bank raised its price target in February.
Persons: , Julian Emanuel, Emanuel, they're, Oppenheimer, John Stoltzfus, Stoltzfus, Eric Wallerstein, Wallerstein, Ned Davis, Ed Clissold, Goldman Sachs, David Kostin, Kostin, Jonathan Golub Organizations: Wall, ISI, Service, Bloomberg, CNBC, Security, Yardeni, Research, Federal Reserve, Ned Davis Research, UBS, Chicago, & $ Locations: bearish
Read preview"The Daily Show" host Jon Stewart has criticized President Joe Biden's recent posture toward calls for the leader to step aside, saying the latter's defense is turning "Trumpian." This story is available exclusively to Business Insider subscribers. Only God could tell me to get out of the race,'" Stewart continued. In recent weeks, Biden has come under scrutiny after a dismal showing in his first presidential debate of 2024 against Trump. AdvertisementRepresentatives for Biden's campaign and Stewart did not immediately respond to requests for comments sent outside regular business hours by Business Insider.
Persons: , Jon Stewart, Joe Biden's, Stewart, Joe Biden, Donald Trump —, that's, Biden, Volodymyr Zelenskyy, Putin, Kamala Harris, Trump, George Stephanopoulos, Biden's, George Clooney, Barack Obama, Nancy Pelosi, Chuck Schumer Organizations: Service, Business, NATO, Biden, Trump, Democratic, Democratic House, Democrats, ABC News, Hollywood, The New York Times
AdvertisementRussian strikes have been recorded at multiple Ukrainian bases in recent weeks. This includes Russia claiming to have hit Ukraine's Mirgorod air base, 100 miles from the border with Russia, destroying five Sukhoi Su-27 fighter jets. "I think their belief is that the more Western weaponry Ukraine has of all sorts, the more formidable its military will become," he said. A Ukrainian Air Force official also said in June that Ukraine would store some of its F-16s abroad, so Russia cannot attack them. It's hard to take out airfieldsRobinson said that destroying air bases is not an easy task.
Persons: , it's, Sukhoi Su, Michael Clarke, Jasmonet Holmes, US Air Force Rajan Menon, Columbia University's, Tim Robinson, Matthew Savill, Chanceler, Robinson, Ukraine's, Clarke, Antony Blinken Organizations: Service, Business, Russia, Air Force, Staff, US Air Force, Columbia, Columbia University's Saltzman Institute of War, Peace Studies, UK's Royal Aeronautical Society, Royal United Services Institute, Chanceler Nardone, Ukrainian Air Force Locations: Russia, Ukraine, Denmark, Netherlands, Norway, Belgium, Soviet, Russian, Leiria, Portugal, Chanceler Nardone Ukraine
Why do tennis players wear white?
  + stars: | 2024-07-12 | by ( Jacqui Palumbo | ) edition.cnn.com   time to read: +10 min
A muse to the designer Jean Patou, Lenglen became tennis’ first fashion icon with her signature headscarf and then-shocking shorter hems. Anne White was banned from wearing a white catsuit at Wimbledon four decades before Serena Williams caused a stir with a similar cut at the French Open. Ian Kington/AFP/Getty ImagesAt the US, French and Australian Open, players have challenged definitions of what tennis clothes can be thanks to looser rules (subject to referee opinion). Though she cited its circulation benefits following a severe blood-clot scare with the birth of her child, the French Open said it would bar the style in the future. However, the Women’s Tennis Association formally allowed it, and Williams continued to wear versions of the bodysuit at the 2019 and 2021 Australian Opens, normalizing the agile and simplified cut for the tennis court.
Persons: Roger Federer’s, Serena Williams ’, Naomi Osaka, Robert Prange, Clive Brunskill, Kevin Jones, , , Ben Rothenberg, Suzanne Lenglen, George Rinhart, Zendaya, Federer, Fred Perry, Elsa Schiaparelli, Lilí de, De, Jean Patou, Lenglen, Anne White, Serena Williams, Neville Marriner, Williams, wouldn't, Ian Kington, Serena, Venus’s lacy, Venus Williams, Matthew Stockman, ” James, Rothenberg, Fila, Bjorn Borg, Coco Gauff, Eloisa Lopez, Reuters Andre Agassi, Rebecca Naden, Andre Agassi, Jurij Rodionov, Sabine Lisicki, Men’s tenniswear, “ There’s Organizations: CNN, Wimbledon, Nike, Fashion Institute of Design &, Lacoste, Daily, Getty, Women’s Tennis Association, Sports, Reuters, “ Wimbledon Locations: Los Angeles, England, culottes, French, AFP
Julius Onah will direct the fourth Cap film, "Captain America: Brave New World" (previously titled "New World Order"). AdvertisementAnthony Mackie will be joined by familiar faces from the MCU and new additionsMackie, Carl Lumbly, and Danny Ramirez star in "Captain America: Brave New World, directed by Julius Onah. AdvertisementGiancarlo Esposito will make his MCU debut as a villainGiancarlo Esposito plays a mysterious, villainous character in "Captain America: Brave New World." 'Captain America: Brave New World' is set for release on February 14, 2025Harrison Ford and Anthony Mackie costar in "Captain America: Brave New World." Then in May, The Hollywood Reporter said that "Brave New World" would undergo reshoots over the course of 22 days.
Persons: , America, Anthony Mackie, Mackie, I've, Julius Onah, Carl Lumbly, Danny Ramirez, Corey Nickols, Isaiah Bradley, Joaquin Torres, Tim Blake Nelson, Samuel Sterns, He's, Liv Tyler, Betty Ross, Thaddeus Ross, Shira Haas, Sabra, Xosha Roquemore, Sebastian Stan, Bucky Barnes, Mackie's, he'll, Florence Pugh's Yelena Belova, David Harbour's, Wyatt Russell's, Anthony, Stan, Chris Evans, Steve Rogers, Variety, Chris, I'm, Sebastian, Wyatt, Harrison Ford, William Hurt, Ford, Ross, Sam Wilson, Kevin Feige, Tim Blake Nelson's, Stern, Bruce Banner's, Sam, Onah, Brandon Davis, Giancarlo Esposito, Esposito, he'd, Jesse Grant, Eli Adé, Marvel Studios Onah, Marvel, Matthew Orton, Hulk, Haas, Ruth Bat Organizations: Service, Disney, Marvel, Business, Guardian, Entertainment, Marvel Studios, America, Universal Pictures, ComicBook.com, Hollywood Reporter, Government Locations: Anaheim , California, United States, CCXP, Brazil, CinemaCon
The results by three major U.S. banks kicked off the second-quarter earnings season. Maximize Item 1 of 2 Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. REUTERS/File Photo [1/2] Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. Wells Fargo CFO Mike Santomassimo said on a call that the bank has seen good activity across the investment grade desk, capital markets and the leverage finance business. Goldman's earnings are expected to more than double versus the second quarter of 2023, when they dropped to a three-year low.
Persons: Wells, Goldman Sachs, Morgan Stanley, Mark Mason, Mason, JP Morgan, Jeremy Barnum, Mike Santomassimo, Moody's, Goldman, Noor Zainab Hussain, Manya Saini, Niket, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Megan Davies, Matthew Lewis Organizations: Citigroup, JPMorgan, Citi, Equity, JP Morgan Chase Bank, Citibank, Wells Fargo & Co, Chevron Chevron, Morgan, Thomson Locations: Chevron Chevron The U.S, U.S, Bengaluru, New York
Regional bank stocks are having an underwhelming year, but investors who are on the hunt for good dividend payers might find a few gems, according to Piper Sandler. "Given the recent pullback in bank stock prices, we are finding lots of regional and community bank stocks that have eye-catching dividend yields," wrote Mark Fitzgibbon, managing director at Piper Sandler, in a Thursday report. There is more to picking solid dividend stocks than just going by the yield. Piper Sandler further whittled down the list by eliminating companies that had cut their dividends over the past decade. Piper Sandler called out Heritage Commerce of San Jose, California, as a bank worth snapping up.
Persons: Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Andrew Liesch, Matthew Clark, Clark Organizations: Regional Banking, Brookline Bancorp, Heritage Commerce, Pacific Premier Bancorp Locations: Boston, Brookline, San Jose , California, Irvine , California
Costco stock has 10% upside after raising its annual membership fees for the first time since 2017, according to Bank of America. Costco stock has been on a tear, rising 35% year-to-date, nearly double the S&P 500's 18% rise. Costco's annual membership fee will jump $5 to $65 for its Gold Star and Business memberships, while its Executive membership fee will increase by $10 to $130. Goldman estimates that Costco's fee increase will add about $400 million to membership fee income over the next two years. On top of the fee increase, Costco also announced June sales data, which saw same-store-sales jump 6.9% on a year-over-year basis to $24.48 billion.
Persons: , Goldman Sachs Organizations: Costco, Bank of America, Service, Star, Costco's, Goldman Locations: Thursday's
MicroStrategy is the latest company to announce a 10-for-1 stock split as its shares hit $1,340. AdvertisementIt's been a big year for stock splits. According to Bank of America, stock splits can be rocket fuel for prices. Shares of Chipotle have dropped 12% since its shares split 50-for-1 in late June. It represented one of the largest stock splits in the history of the New York Stock Exchange.
Persons: MicroStrategy, , It's, managements, Steve Sosnick, Eli Lilly, Sosnick Organizations: Service, Nvidia, Walmart, Broadcom, Chipotle, Sony, Lam Research, Texas Pacific, Interactive Brokers, Business, KLA Corp, Netflix, Intuit, Adobe, Bank of America, New York Stock Exchange Locations: Williams, Sonoma, Cintas
That's about 6% of Russia's total budget for 2024, which is 36.6 trillion rubles, or $414 billion. They arrived at a total of 400,000 wounded or dead, including 100,000 soldiers killed. AdvertisementThe cost of the one-time payments would be a "staggering amount," they wrote. Still, it's not clear if Russia has consistently been rolling out its one-time payments to its wounded or its deceased soldiers' next-of-kin. Russia plans to spend nearly a third of its total 2024 budget on defense, or about 10.8 trillion rubles, which is $122 billion.
Persons: , Thomas Lattanzio, Harry Stevens, Stevens, it's Organizations: Service, Johns Hopkins School, International Studies, Center, National, Business, Lattanzio, Russian Ministry of Defense, Radio Free, Independent, Carnegie Endowment, International Peace's, Eurasia Center Locations: Ukraine, Russia, Russian, Moscow, Independent Russian, International Peace's Russia
Read previewSergiy Kyslytsya, the Ukrainian ambassador to the United Nations, accused Russia on Wednesday of serving Chicken Kiev at a luncheon after it attacked a children's hospital. He posted a photo of the menu for a Tuesday UN Security Council event hosted by Russia, which includes the item "Chicken Kiev served with Potato Paille." This story is available exclusively to Business Insider subscribers. Related storiesNebenzia holds the president's chair for the Security Council in July as part of the UN's monthly rotation. According to the Associated Press, Nebenzia thanked Kyslytysa as part of his duty as rotating president of the security council.
Persons: , і, , Вона, Небензя Organizations: Service, United Nations, Chicken Kiev, UN, Business Locations: Ukrainian, Russia, Kiev
Supply and DemandThe case for housing deregulation starts with Econ 101: Allowing builders to significantly increase housing supply leads to much lower prices. It isn’t rising demand, as the U.S. population rose even faster back when housing prices were roughly stable. Standard of LivingWhat would happen if homebuilders could once again freely build until housing prices were driven back down to cost? The admittedly small number of studies on the link between YIMBY and babies support common sense: Less regulation lowers housing prices, and lower housing prices generally raise birth rates and hasten child-bearing. In a rational world, the panacea policy of housing deregulation would be a done deal.
Persons: Ben Denzer, Taylor, Wharton, homebuilders, Thomas Piketty’s, , Matthew Rognlie, Peter Ganong, Daniel Shoag, Anne Case, Angus Deaton Organizations: Republicans, Research, Area, Wharton, Francisco, Francisco Los Angeles New, Francisco Los Angeles New York Phoenix Denver Houston Dallas, Japan Japan France France Britain Britain, Japan Japan France France Britain Britain Canada, → Utah Nevada Arizona New, San, San Francisco New, Atlanta Houston Boston, Democrats, Republican Locations: Minnesota , Oregon, California, New York City, Houston, Dallas, Francisco Los, Francisco Los Angeles New York, Wharton, United States, Japan, France, Britain, Canada, U.S, Japan Japan France France, Japan Japan France France Britain Britain Canada Canada, Bay, Dodge, → California Nevada Florida New York Arkansas, → Utah Nevada Arizona, → Utah Nevada Arizona New York West Virginia, Washington, San Francisco, San Francisco New York Los Angeles Rochester, N.Y, Atlanta
The recent run-up in home prices, a staggering increase of more than 40% from pre-pandemic levels, should have current homeowners rushing to refinance. But for most, pulling that cash out simply costs too much now that interest rates are more than twice what they were just two years ago. Applications to refinance a home dropped last week for the fourth straight week, down 2%, according to the Mortgage Bankers Association's seasonally adjusted index. Homeowners were sitting on a collective $17 trillion in equity at the end of the first quarter of 2024, according to CoreLogic. Mortgage rates haven't moved at all so far this week, despite Federal Reserve Chair Jerome Powell's testimony before Congress on Tuesday.
Persons: Joel Kan, Kan, Jerome Powell's, Powell, Matthew Graham Organizations: Mortgage, Homeowners, Consumer, Mortgage News
A bipartisan group of Senators introduced a new bill that would ban Congress from trading stocks. The ETHICS act would impose hefty fines against members of Congress that violate the law. The ETHICS legislation, if passed, would immediately ban members of Congress from trading stocks, and it would come with an imposed timeline to divest their stocks when the next session of Congress starts in 2027. The proposed law would also impose hefty fines on Congressional members who violated the trading ban. But the passage of this new stock trading ban faces an uphill battle from Congress itself.
Persons: Jeff Hawley, , Josh Hawley, Jon Ossoff, Jeff Merkley, Gary Peters, Hawley, Alexandria Ocasio, Cortez, Matt Gaetz, don't, Merkley Organizations: Senators, Service, Democratic, Holdings, Senate's Homeland Security, Governmental Affairs Committee, NPR Locations: Congress
Getty ImagesThe share of people with medical debt in collections that shows up in their credit reports has fallen in the past decade. Colorado had no medical debt in collections in 2023 after it banned credit bureaus from including medical debt on credit reports. The independent government agency estimates the rule would remove up to $49 billion in medical debts from credit reports. "We find that people who have medical debt end up fighting all sorts of other debt," Rae said. About $7 billion in medical debt to be canceledCertain states, cities and counties are canceling about $7 billion in medical debt through the American Rescue Plan Act, federal legislation that was enacted in 2021.
Persons: Breno Braga, Matthew Rae, We've, Rae, Probal Rashid, Lightrocket, Kamala Harris, Stefani Reynolds Organizations: Urban Institute, D.C, Consumers, Urban Institute . West, Consumer Financial, Bureau, Medicare, Washington , D.C, American, White, Eisenhower, AFP, Getty Locations: Washington, Urban Institute . West Virginia, South Carolina, Oklahoma, Louisiana, Mississippi, Colorado, Minnesota, Hawaii, Vermont, Washington ,
The June CPI report will show a continued drop in inflation, according to Fundstrat's Tom Lee. Lee expects a soft June CPI report will push the Fed to cut rates more than two times this year. "It's going to be a week of reckoning, and I mean a reckoning of how people view inflation and the state of the economy." Lee is also bullish on small-cap stocks, which have badly lagged the broader stock market rally so far this year. AdvertisementJPMorgan's trading desk also expects a light June CPI report will boost stock prices.
Persons: Tom Lee, Lee, , it's, What's, JPMorgan's Andrew Tyler Organizations: Service, Federal Reserve, CPI
Biden Has Failed to Quiet His Democratic Doubters
  + stars: | 2024-07-10 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
President Biden has repeatedly rejected suggestions that he end his campaign, and the vast majority of Democratic lawmakers have declined to break with him. But today he faced fresh pressure, from Capitol Hill to Hollywood. Nancy Pelosi, the former House speaker and longtime ally of Biden, gave the strongest public signal yet that Democrats remain divided, suggesting in a television interview that the president still could reconsider his decision. “Time is running short,” she said, noting that she would support him “whatever he decides.”Pelosi’s comments were “emblematic of the game of chicken that a lot of Democrats are playing,” Catie Edmondson, our congressional correspondent, told me. “They have concerns about the president’s fitness to run, but they don’t want to be the ones to say Mr. President, please step aside.”Catie told me that she has continued to hear many Democrats “privately express real fears about the extent to which Biden could not only lose the White House but could drag down Democrats running in House and Senate races.”
Persons: Biden, Nancy Pelosi, , ” Catie Edmondson, ” Catie, Organizations: Democratic, Capitol Locations: Hollywood, House
Unprotected at the margins of the rental market
  + stars: | 2024-07-10 | by ( Cecilia Reyes | ) www.businessinsider.com   time to read: +31 min
Officers interviewed two motel residents who called 911; they said they did not want to leave their homes. Alyssa Pointer for Business InsiderIn Georgia, an eviction requires a court order, but the law doesn't explicitly make lockouts illegal. In this case, an officer classified the incident as a "crime against property" — a crime committed by the residents themselves. In unincorporated Clark County, where the property is located, operating a short-term rental without a license is illegal. Matthew Main is an attorney who has represented residents in similarly precarious housing situations in New York City, where state law also grants residents tenants' rights after 30 days.
Persons: they'd, Alyssa Pointer, doesn't, Eric Tars, Marshall Rancifer, Rancifer, Larry Johnson, Johnson, Lindsey Siegel, Freddie Mac, Rausch, Bridget Bennett, Harrison Bohn, Charlie Bliss, Andrew Cauthen, Brandon Turner, Darlene DeLaRoca, she'd, Mike Rausch, Harry Reid, DeLaRoca, Luis Barraza, Barraza, haven't, Stacey Welling, David Brown, Eric Dunn, Neason, Lynetrice Preston, Altonese Weaver, that's, Bliss, Roy Barnes, Barnes, Tera Strawter, Khari Varner, Strawter, Varner, Puentes, Guy Girardin, Girardin, Brown, Brian Michael Schwalbe, Schwalbe, you've, Natalie Bergevin, Bergevin, Matthew Main, gamesmanship, Main, Paul Panusky, Sara Heymann, I've, Michael Duckworth, Duckworth, he'd, Abel Uribe, Matthew Walberg Organizations: Labor, Business, National Homelessness Law, Justice, All Coalition, for Disease Control, Police, Housing Justice League, Atlanta, Atlanta Legal, US Department of Education, Pratt Center for Community Development, UCLA, Legal, Center of Southern, Natson, Facebook, Harry, Walmart, BI, Las Vegas Justice Court, National Housing Law, Atlanta Legal Aid, Atlanta . Tenants, DeKalb County Police Department, Georgia Supreme, Lutheran Social Services of, Las Vegas, Regional Justice Center, Go Locations: Dekalb County, Panthersville, Atlanta, Dekalb, Georgia, United States, Florida , Kentucky, DeKalb County, DeKalb, New York City, Los Angeles, Clark County , Nevada, Center of Southern Nevada, Nevada, California, Las Vegas, Clark County, Clark, Lutheran Social Services of Nevada, Las Vegas . Nevada, Chicago, Chicago's Roseland, Cook, City, DeLaRoca, Vegas
Spot ether ETFs could hit the market as soon as this week, pending U.S. Securities and Exchange Commission approval, and Bitwise Asset Management's Matthew Hougan plans to get in on the action. Hougan's firm is applying for spot ether ETFs. Hougan is referring to the first spot bitcoin ETFs that launched in January. Spot bitcoin ETFs have attracted about $15 billion since their launch and currently hold two of the top ETF inflows this year, according to FactSet. Hougan views bitcoin's recent success as unprecedented and sees it as a bullish indicator for spot ether ETFs.
Persons: Matthew Hougan, CNBC's, Hougan Organizations: U.S . Securities, Exchange Commission
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