DIRS.INFO The most relevant business & tech news

☆ Here's when 'Dune: Prophecy' takes place in the movies' timeline, and what the Butlerian Jihad is
▼ + stars: | 2024-11-18 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

It also touches on a key event in the "Dune" universe: the Butlerian Jihad. "Dune: Prophecy" is HBO's prequel TV series to the critically acclaimed "Dune" movies directed by Denis Villeneuve. "Dune: Prophecy" is Warner Bros.' latest move to expand the "Dune" franchise, which has already grossed over $1 billion at the global box office. Advertisement'Dune: Prophecy' takes place 10,000 years before the birth of Paul AtreidesTimothee Chalamet in "Dune: Part 2." The show also notes that it takes place "116 years after the end of the great machine wars."

Persons: Denis Villeneuve's, Denis Villeneuve, it's, Paul Atreides, Valya, Emily Watson, Tula Harkonnen, Olivia Williams, Paul Atreides Timothee, Frank Herbert's, Brian Herbert, Kevin J, Anderson, Omnius Organizations: Warner Bros, Warner Bros ., HBO, Max Locations: Tula, Corrin

☆ Tencent challenges Amazon and Microsoft's cloud dominance by tapping into its WeChat ecosystem
▼ + stars: | 2024-11-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud CEO Dowson Tong said. Super app platforms are often developed using cloud infrastructure to provide scalability, reliability, and efficient resource management. For example, Cambodia's Canadia Bank partnered with Tencent Cloud to launch a new mobile banking app in 2023. For instance, Amazon specializes in e-commerce, cloud services, and streaming, but does not have a single app integrating these services. Similarly, Microsoft offers enterprise solutions such as Office 365 and gaming, but lacks a comprehensive consumer-facing super app.

Persons: Dowson Tong, Tong Organizations: Tencent, CNBC, Singapore Fintech, Microsoft, Web Services, Google, Synergy Research, Cambodia's Canadia Bank, Amazon Locations: WeChat, China, SINGAPORE, Singapore

Figures released Monday by the New Jersey Division of Gaming Enforcement show the casinos and their online partners won $213.6 million in October, surpassing September's previous record of $208 million. The swing toward internet gambling and away from in-person casino gambling accelerated during the pandemic, and is becoming a more permanent feature of New Jersey's gambling landscape. He also noted that internet gambling revenue exceeded $200 million for the second straight month. In terms of in-person gambling revenue, Borgata won $53.4 million, down 6.1% from a year earlier; Hard Rock won $40.8 million, down 1%; Ocean won $32.8 million, down over 24%; Tropicana won $17.6 million, up 7.4%; Harrah's won $15.7 million, down 11.5%; Caesars won just under $15 million, up 4.1%; Resorts won $12 million, down over 9%; Bally's won $11.4 million, down 7.8%; and Golden Nugget won $9.6 million, down over 20%. When internet and sports betting money is included, Borgata won $106.1 million, up 5.8%; Resorts won $88.7 million, up nearly 19%; Golden Nugget won $76.7 million, up nearly 25%; Hard Rock won $55.1 million, up 6.2%; Ocean won $39 million, down nearly 19%; Bally's won $23.1 million, up 17.2%; Tropicana won $17.7 million, up 9.1%; Harrah's won $15.8 million, down 10.6%; and Caesars won $15.2 million, up 1.5%.

Persons: Ocean —, Jane Bokunewicz, Lloyd Levenson, ”, James Plousis, Borgata, Harrah's, Bally's, Wayne Parry Organizations: CITY, Atlantic, New, New Jersey Division of Gaming Enforcement, Ocean, Stockton University, New Jersey Casino Control, Tropicana, Caesars, Resorts, Golden Nugget, Golden, Associated Press Locations: N.J, Atlantic City, New Jersey

☆ Trump picked a Project 2025 coauthor to run the FCC. Here's what it means for Big Tech.
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

He's the author of the FCC chapter of Project 2025, which hopes to cut Big Tech's immunity for content moderation. Carr's stance on Big TechIn his Project 2025 chapter, Carr writes that one of his four main goals for the FCC is "Reining in Big Tech." His interpretation of the section would give Big Tech immunity only against being compelled to take down content. AdvertisementHe proposed that Big Tech firms be compelled to make public their traffic and monetization algorithms, saying they now operate in a "black box." Carr's two other points in his Project 2025 chapter are to increase accountability measures for federal tech programs and to drive hard to develop 5G infrastructure.

Persons: Donald Trump, Brendan Carr, Carr, that's, Trump Organizations: Federal Communications Commission, FCC, Republican, Republicans, Department of Education, Innovators, Big Tech, Communications, Universal Service Fund, China's Locations: America, Big Tech, China, Russia, Iran

☆ Georgia appeals court cancels arguments in Trump election case until further notice
▼ + stars: | 2024-11-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A Georgia appeals court on Monday canceled until further notice oral arguments on an effort by President-elect Donald Trump and other co-defendants to remove Fulton County District Attorney Fani Willis from the criminal election interference prosecution against them. The Georgia Court of Appeals acted on its own in canceling the arguments scheduled for Dec. 5. Trump and other defendants had appealed that ruling, and the Court of Appeals in June halted proceedings in the case pending the outcome of that effort. Circuit Court of Appeals to suspend proceedings in that case, citing Trump's election victory. That federal appeals court granted Smith's request.

Persons: Donald Trump, Fani Willis, Trump, Joe Biden, Scott McAfee, Willis, Jack Smith, Aileen Cannon, Smith Organizations: Republicans, Hyatt, Georgia, Trump, Republican, Appeals, U.S . Department of Justice, Washington , D.C, Biden's, White, U.S, Circuit Locations: Washington , DC, Georgia, Fulton County, Atlanta, York, Manhattan, Washington ,, Florida, U.S

☆ Super Micro hires new auditor to maintain Nasdaq listing; shares pop 23%
▼ + stars: | 2024-11-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Shares of Super Micro soared more than twentyfold over a two year period from early 2022 until their peak in March of this year. Super Micro has been one of the primary beneficiaries of the artificial intelligence boom, due to its relationship with Nvidia . Super Micro was added to the S&P 500 in March, reflecting its rapidly growing business and then-soaring stock price. Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81.

Persons: Charles Liang, it's, Ernst & Young, Nvidia's Organizations: Super, Computer Inc, BDO, Nasdaq, SEC, Ernst, Deloitte, Touche, Nvidia, Super Micro, Dell, Hewlett Packard Enterprise, Micro, Hindenburg Research, Street, Department of Justice Locations: Taipei, Taiwan

☆ K-pop agencies mostly struggled in third quarter — but 2025 may bring financial recovery
▼ + stars: | 2024-11-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

JYP Entertainment's boy group Stray Kids attends the 2024 SBS Music Awards Summer in Seoul. The K-pop industry has been seeing a slowdown due to declining album sales and the inactivity of record-breaking groups such as Blackpink and BTS. Members of BTS have been serving their mandatory military service, while Blackpink only announced to reunite as a group in 2025. Streaming revenue, at least during the first half of this year, has been unable to cover the loss from album sales. For the third quarter, just Babymonster — a rookie group — and solo artist Lee Seunghoon released material.

Persons: Blackpink, Hwan, wook Lee, Jang Jeong Min, Minha Choi, Yeonghoon Kang, —, Lee Seunghoon Organizations: JYP, Imazins, BTS, SM Entertainment, JYP Entertainment, YG Entertainment, Yuanta Securities, Samsung Securities, YG, NH Securities Locations: Seoul, U.S

☆ ‘Doomsday fish:’ A rare oarfish returns to California shores for the second time this year
▼ + stars: | 2024-11-18 | by ( Dawn Sawyer | ) edition.cnn.com time to read: +4 min

CNN —The elusive deep-water oarfish – considered to be a harbinger of bad news – was spotted yet again on the shores of Encinitas, California. “We took samples and froze the specimen awaiting further study and final preservation in the Marine Vertebrate Collection,” Ben Frable, manager of the Scripps Oceanography Marine Vertebrate Collection, said in the post. “Like with the previous oarfish, this specimen and the samples taken from it will be able to tell us much about the biology, anatomy, genomics and life history of oarfish,” Frable said in the post. The fish was found in good condition according to the release, and it was taken in for examination and preservation to become a part of the organization’s Marine Vertebrate Collection. “It may have to do with changes in ocean conditions and increased numbers of oarfish off our coast,” Frable said.

Persons: Alison Laferriere, ” Ben Frable, ” Frable, ” Scripps, Santa Ana, ”, Dahiana Organizations: CNN, Scripps Institution of Oceanography, University of California, Scripps, National Oceanic, Atmospheric Administration Fisheries Service, Southwest Fisheries Science, Scripps Oceanography, Obscura, Ocean Conservancy, GeoScience Locations: Encinitas , California, Grandview Beach, San Diego, Japan’s, Japan, Ocean, La Jolla, Huntington Beach, Santa

☆ A 'silver tsunami' of retirement-age baby boomers is creating a big opportunity for real-estate investors, research firm says
▼ + stars: | 2024-11-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

AdvertisementThe growing ranks of boomers aged 65-plus could spark a boom in the senior housing market. It says this will drive strong demand for senior housing facilities, including assisted living, independent living, skilled nursing, and memory care. "That makes senior housing a compelling option for investors looking to break away from traditional property investment." Census Bureau/Capital EconomicsMeanwhile, around 11% of those over the age of 65 are currently living in a form of senior housing, according to the American Senior Housing Association. Related storiesRents, meanwhile, are seeing a strong uptrend, thanks to the supply of senior housing growing tighter after the pandemic.

Persons: that's, Imogen Pattison, Pattison Organizations: Capital, Capital Economics, Census, American Senior Housing Association, MAP

☆ Stop Trading: Robinhood may do well without Gensler at the helm of the SEC
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStop Trading: Robinhood may do well without Gensler at the helm of the SECCNBC's Jim Cramer reports on the latest regarding Robinhood.

Persons: Jim Cramer Organizations: SEC

☆ These 2 active ETFs have outperformed the S&P 500 this year, last year and over 5 years
▼ + stars: | 2024-11-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The S & P 500 has risen 24.73% so far this year, up fractionally more than last year's 24.23%, according to FactSet data. The U.S.-listed Gotham Enhanced 500 ETF , which has the ticker GSPY, has also posted similar gains since 2021. JREU-GB .SPX 5Y line GSPY The Gotham Enhanced 500 ETF is a newer fund and so has a shorter track record of outperformance. Yet it has beaten the S & P 500 every year since its inception in 2021. Gotham ETFs say the fund "buys all 500 stocks in the S & P 500 Index but reweights them, buying more of the ones we think are cheaper and less of the ones we believe are more expensive."

Persons: Piera Elisa Grassi Organizations: Deutsche Bank, JPMorgan U.S, Research, Equity, Gotham, JPMorgan Asset Management, CNBC, JREU, New York Stock Exchange Locations: London, U.S, Gotham

☆ Trump's China tariffs would cut into US defense production, Beijing advisor says
▼ + stars: | 2024-11-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

AdvertisementHigh tariffs on China could prevent the US defense industry from getting needed supplies, a Beijing advisor said. "If those military enterprises do not have supply from China, they will not be able to continue with their production." The US defense sector will face big repercussions if Donald Trump launches tariffs against China, an advisor tied to Beijing's government said. AdvertisementTo be sure, it remains to be seen how Trump's tariff ideas actually pan out. So far, the defense sector appears distracted by other developments tied to Trump's presidency.

Persons: Donald Trump, Ding Yifan, Trump, Ding, Greg Hayes Organizations: Defense, State Council's Development Research Center, Financial Times, JPMorgan, Government, P Aerospace Locations: China, Beijing

☆ 'Dune: Prophecy' is based on a book — but not one written by 'Dune' author Frank Herbert
▼ + stars: | 2024-11-18 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

The story is based both on "Dune" and the prequel novel "Sisterhood of Dune." Discovery after a merger, it started development on a "Dune" prequel series focused on the politically savvy, supernaturally powered sect of women. "Dune: Prophecy" is partly based on Frank Herbert's seminal science fiction work and on "Sisterhood of Dune," a novel written by Herbert's son Brian Herbert and sci-fi author Kevin J. Anderson. Attila Szvacsek/HBO'Sisterhood of Dune' is a prequel novel set in the 'Dune' universeFrank Herbert's "Dune" novels compose only a small part of the franchise. Advertisement"Sisterhood of Dune" is part of the "Great Schools of Dune" prequel series written by the two, and it was published in 2012.

Persons: Frank Herbert's, Denis Villeneuve's, Bene, we're, Paul Atreides, Timothée Chalamet, Herbert's, Brian Herbert, Kevin J, Anderson, Jessica Barden, Valya, Attila Szvacsek, Brian, It's, Raquella Berto, Anirul, Mother, Manford Torondo, Vorian, Emperor Salvatore Corrino, Roderick, Anna, Valya's, Griffin, Tula, Doretea, Emperor, Wallach IX, Travis Fimmel, Desmond Hart, Ynez, Constantine Corrino, Jordan Goldberg, Emily Watson, Goldberg Organizations: Warner Bros, HBO, Max

CNN —United States envoy Amos Hochstein is due to visit Beirut “imminently” after Lebanon responded “positively” to a US-backed proposal to stop the Israel-Hezbollah war, Lebanese Prime Minister Najib Mikati said on Monday. US ambassador to Lebanon Lisa Johnson relayed the proposal to the Lebanese government via Nabih Berri, the parliament speaker, on Thursday night, a Lebanese official told CNN earlier. According to the official, Hezbollah reviewed the proposal and submitted their response to Lebanese authorities on Sunday evening. The Israeli source added that Hochstein has not yet confirmed when he will arrive in the region. Another Lebanese source familiar with the ceasefire talks told CNN earlier that President-elect Trump has endorsed Hochstein’s ceasefire negotiations track, increasing the chances of its success.

Persons: Amos Hochstein, imminently, “, Najib Mikati, Al Araby, Mikati, Lebanon Lisa Johnson, Ed Ram, Netanyahu, Hochstein, Bezalel Smotrich, ”, Nabih Berri, Mohamed Azakir, Reuters Berri, Amal, Hassan Nasrallah, Donald Trump’s, Trump, Israel Organizations: CNN, United, Lebanese, UN, Getty, Reuters, Saudi, Al, Hezbollah, US Locations: Beirut, imminently ”, Lebanon, Israel, Lebanese, Nabih Berri, Lebanon’s, Israeli, Gaza, Al Awsat

☆ Trump’s influence already generating drama among world leaders as G20 gets underway
▼ + stars: | 2024-11-18 | by ( Kevin Liptak | ) edition.cnn.com time to read: +5 min

It was just one example of Trump casting a long shadow over a pair of world leader summits taking place in South America this week. Yet to many involved in the discussions, the episode suggested the contention that colored world leader summits during Trump’s first presidency may be poised to return. “You can already see the Trump effect taking hold,” one Western diplomat said as the summit was getting underway. “Trump will only cause more divisions, and more divisions mean less leverage and less influence,” the official went on. “President Biden is that president, he will be handing off power in January, and it will be up to a new administration to decide what to do with it.”

Persons: Rio de Janeiro CNN — Donald Trump’s, Javier Milei, it’s, Trump, Joe Biden, Tulsi Gabbard, Pete Hegseth, Xi Jinping’s, Biden, ” Xi, Jake Sullivan, Xi, Donald Trump, Alex Brandon, Milei, Trump’s, ” Biden, “, “ Trump, ”, Jon Organizations: Rio de Janeiro CNN, Argentine, Trump, APEC, Fox News, Pentagon, White House, GOP, AP, “ Conservatives, Sunday Locations: Rio de Janeiro, Argentina, South America, Peru, Japan, South Korea, China, Lima, Rio, Paris, Ukraine, Russia, Moscow

☆ China to front-load 2025 local government special bonds quota, report says
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

BEIJING, CHINA - SEPTEMBER 04: Buildings and vehicles are seen in the central business district during the rush hour on September 4, 2020 in Beijing, China. China's finance ministry is planning to front-load part of the 2025 local government special bonds quota to meet funding needs for major infrastructure projects, state-backed The Securities Times reported on Monday. The State Council, China's cabinet, typically determines and issues an advance allocation of new local government debt quotas for the following year in the fourth quarter, depending on economic conditions, the report said. By the end of October, local governments had issued 3.9 trillion yuan ($539 billion) in new special bonds, almost completing debt issuance under the 2024 quota, the report added. Earlier this month, China unveiled a 10 trillion yuan debt package to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure following the re-election of Donald Trump as U.S. president.

Persons: Donald Trump Organizations: Securities Times, State Council, Ministry of Finance, Beijing Locations: BEIJING, CHINA, Beijing, China

☆ In pictures: Tennis legend Rafael Nadal
▼ + stars: | 2024-11-18 | by ( Emmalee Reed | ) edition.cnn.com time to read: +1 min

Rafael Nadal, one of tennis’ all-time greats, is retiring from the sport. The 38-year-old Spaniard is playing his final tournament this week at the Davis Cup finals. He last played at the Paris Olympics, but continuing injury struggles have severely limited his time on the court over the past two seasons. “It is obviously a difficult decision, one that has taken me some time to make,” he said last month in a video posted on social media. “I leave with the absolute peace of mind of having given my best, of having made an effort in every way,” Nadal said.

Persons: Rafael Nadal, ”, ” Nadal, Novak Djokovic, Clay, “ Organizations: Davis, Paris Olympics, Olympics Locations: Spain

☆ Jannik Sinner: World No. 1 caps stellar year with ATP Finals victory over Taylor Fritz
▼ + stars: | 2024-11-18 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

1 defeated American Taylor Fritz 6-4, 6-4 to win the ATP Finals in Turin, Italy, on Sunday, claiming the trophy for the first time on home soil. On match point, Fritz sent a cross-court forehand wide to kick-start the party among the adoring Italian crowd. “It’s amazing, it’s my first title in Italy and it means so much to me,” Sinner said, via the ATP. The victory gave Sinner his eighth title of the season, the most by any ATP player this year. Fritz and Sinner greet each other at the net after the match.

Persons: CNN —, couldn’t, American Taylor Fritz, Novak Djokovic, Sinner, – Fritz, Fritz, “, ” Sinner, Clive Brunskill, Ivan Lendl, Roger Federer, Djokovic, Carlos Alcaraz, Tommy Paul, Alex Zverev, “ It’s, it’s, ”, It’s Organizations: CNN, American, ATP, September’s, Halle, Tennis Integrity Agency, Doping Agency, Sport, Paris Olympics, I’m Locations: Turin, Italy, Miami , Cincinnati, Shanghai, Rotterdam, California

☆ UBS sees S&P rising to 6,400 in 2025, about 9% from here
▼ + stars: | 2024-11-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

UBS sees stocks rising to new heights in the new year, though not without a brief pullback. In a note Monday, UBS strategists said they see the S & P 500 rising to 6,400 by the end of 2025. The iShares Russell 2000 ETF (IWM) has popped 2.6% since the election, outperforming the S & P 500's 1.3% advance. The S & P 500 financials sector has been on fire since the Nov. 5 vote, up more than 6%. The S & P 500 traded around 5,900 on Monday, above UBS strategist Jonathan Golub's 2024 target of 5,850 .

Persons: Stocks, Donald Trump, Russell, Jonathan Golub's Organizations: UBS, Trump, Still Locations: Friday's, U.S, Europe

☆ Stanley Druckenmiller piled into regional banks and made this health-care stock his biggest bet
▼ + stars: | 2024-11-18 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one health-care name his biggest position last quarter — two bets that have been rallying since the election of President-elect Donald Trump two weeks ago. The regional banking exchange-traded fund has climbed 12% this month alone, while Natera has jumped nearly 26% in November. KRE YTD mountain SPDR S & P Regional Banking ETF The widely followed investor was recently applauded for his big win on key artificial intelligence player Nvidia . During the third quarter, Duquesne added a small bet on Broadcom, worth $41 million, as another AI play. Druckenmiller shot to fame after helping make a $10 billion bet against the British pound in 1992.

Persons: Stanley Druckenmiller, Donald Trump, George Soros, Duquesne, Banks, Trump, Natera, Druckenmiller, bullish, Jensen Organizations: Quantum Fund, Duquesne Family Office, Regional Banking, Trump, Republican, GOP, Representatives, Regional Banking ETF, Nvidia, Duquesne, Broadcom, Duquesne Capital Management

☆ Needham upgrades Robinhood to buy, says Trump victory will boost the stock
▼ + stars: | 2024-11-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Robinhood is slated for more gains under a second Trump term, according to Needham. His $40 price target implies nearly 24% upside from Friday's close. Piper Sandler analyst Patrick Moley has also grown more bullish on the stock amid bitcoin's price surge, upping his price target by $6 to $36. Eight of 17 covering the stock have a buy or strong buy rating on the name, while the remaining ones have hold or underperform ratings. The average price target also points to 17% downside.

Persons: Needham, John Todaro, HOOD, Robinhood, Donald, Piper Sandler, Patrick Moley, Moley, bitcoin Organizations: Trump, Securities and Exchange Commission, LSEG Locations: HOOD

☆ J.K. Dobbins’ late touchdown propels Chargers past Bengals on ‘Sunday Night Football:’ Key takeaways
▼ + stars: | 2024-11-18 | by ( The Athletic Nfl Staff | ) www.nytimes.com time to read: +4 min

The Chargers surely needed some luck, including the Bengals’ two missed field goals in the fourth quarter. Burrow also missed an open Chase on a deep ball down the right sideline that could have been a go-ahead touchdown. — Daniel Popper, Chargers beat writerSunday’s win shows Chargers’ improvementsThere will be plenty to clean up moving forward. AdvertisementThe Bengals extended McPherson, who earned the name Money Mac, before the season but he has been leaky this year. The Bengals only allowed three points and forced a turnover to let Burrow bring the team nearly all the way back.

Persons: Daniel Popper, Paul Dehner Jr, Zach Powell, J.K . Dobbins, Justin Herbert, mightily, Evan McPherson, Burrow, Ja’Marr Chase, Tee Higgins, Jim Harbaugh, — Daniel Popper, Sunday’s, Dobbins, Herbert, — Popper, Cincy, Terry, McPherson, Mac, He’s, Taylor didn’t, — Paul Dehner, Cam Taylor, Britt, Zac Taylor, Lou Anarumo, Ronald Martinez Organizations: J.K, Los Angeles Chargers, Cincinnati Bengals, SoFi, Sunday, Dobbins, Bengals, Cincinnati, Chargers, Baltimore, Washington Locations: Los Angeles, Kansas City, Baltimore, Cincinnati

☆ The second Trump era will see a rebalancing of U.S., UK and EU relations, economist says
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe second Trump era will see a rebalancing of U.S., UK and EU relations, economist saysWith two months to go before Donald Trump's second term as president of the U.S., RSM Chief Economist Joe Brusuelas discusses defense spending in Europe.

Persons: Trump, Donald Trump's, Joe Brusuelas Organizations: EU, RSM Locations: U.S, Europe

☆ Cloud software company ServiceTitan files to go public on Nasdaq
▼ + stars: | 2024-11-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

ServiceTitan, a company that sells software to contractors such as plumbers and roofers, on Monday filed to go public on the Nasdaq under the ticker symbol "TTAN." The filing suggests that investors could be getting more interested in next-generation software companies. Based in Glendale, California, ServiceTitan offers cloud software for advertising, scheduling jobs, dispatching, producing invoices and taking payments. ServiceTitan's revenue growth rate will stand out for people investing in cloud stocks, who have seen rates sag with few new public companies in the sector. The average growth rate for Bessemer's Nasdaq Emerging Cloud Index, the basis for the WisdomTree Cloud Computing Fund, is 16.6%.

Persons: chipmaker Cerebras, Ara Mahdessian, Vahe Kuzoyan, Goldman Sachs, Morgan Stanley, Wells, Adena Friedman Organizations: Nasdaq, Revenue, Computing Fund, Investors, Battery Ventures, Bessemer Venture Partners, Iconiq, TPG, SAP, Citigroup, underwriters Locations: U.S, Glendale , California, Wells Fargo

☆ The outlook for gold — as the granddaddy of gold ETFs turns 20
▼ + stars: | 2024-11-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

The grandaddy of gold ETFs turns 20. Today, for the first time, thanks to the World Gold Council and State Street, you are able to buy gold just like it's a stock." They could own gold mining stocks, but there was an imperfect relationship between gold and gold miners. When the gold ETF was intrduced 20 years ago, there was a very small investor base for gold. In 2014, Van Eck launched the VanEck Merk Gold ETF (OUNZ), which provides the option to redeem shares for physical gold , including gold coins and bars.

Persons: I've, George Milling, Stanley, GLD, Van Eck, George Milling Stanley, We've Organizations: New York Stock Exchange, World Gold Council, State, Investors, U.S . Equity, State Street Global Advisors, United States Oil Fund, Street Global Advisors, Street Global, World Gold, U.S ., Trump, Trust, Street, MiniShares, NYSE, SEC, Edge Locations: United States, London, India, China, Turkey

Search resuls for: "The SEC"

25 mentions found