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Month: July 2024

US spot ether ETFs see net inflows of $106 million on first day

Posted on July 24, 2024 by Financial Edge Daily

By Suzanne McGee (Reuters) – The nine exchange-traded funds (ETFs) tied to the spot price of ether, the world’s second-largest cryptocurrency, scooped up net inflows of $106 million on Tuesday as they…

KKR-backed OneStream surges in market debut

Posted on July 24, 2024 by Financial Edge Daily

By Pritam Biswas and Echo Wang (Reuters) -Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at…

Tesla shares could swing 10% either way after earnings, options show

Posted on July 23, 2024 by Financial Edge Daily

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by Friday, options data showed. That is roughly…

Clooney backs Harris for president after pushing for Biden exit

Posted on July 23, 2024 by Financial Edge Daily

By Lisa Richwine LOS ANGELES (Reuters) – Actor George Clooney, a key Democratic fundraiser who made a public call for President Joe Biden to drop his reelection bid, endorsed Vice President Kamala…

Disney’s shareholder Perlmutter sells his stake after proxy fight loss, WSJ reports

Posted on July 23, 2024 by Financial Edge Daily

(Reuters) – Isaac Perlmutter, one of the largest investors in Walt Disney, has sold his entire stake in the media company after losing the proxy fight, the Wall Street Journal reported on…

Exclusive-Harris leads Trump 44% to 42% in US presidential race, Reuters/Ipsos poll finds

Posted on July 23, 2024 by Financial Edge Daily

By Jason Lange (Reuters) – Vice President Kamala Harris opened up a marginal two-percentage-point lead over Republican Donald Trump after President Joe Biden ended his re-election campaign and passed the torch to…

US private equity firm Stonepeak to acquire NZ’s Arvida Group in $746 million deal

Posted on July 22, 2024 by Financial Edge Daily

(Reuters) -U.S.-based private equity firm Stonepeak said it would buy New Zealand’s Arvida Group for NZ$1.24 billion ($745.74 million) excluding debt, sending the aged care provider’s shares up nearly 60% on Monday…

Pelosi endorses Harris for US president -statement

Posted on July 22, 2024 by Financial Edge Daily

WASHINGTON (Reuters) – U.S. Representative Nancy Pelosi, a former House speaker and influential voice in the Democratic Party, endorsed Vice President Kamala Harris on Monday as the Democratic 2024 presidential nominee. “My…

Exclusive-Former attorney general Holder to vet Harris’ potential running mates, sources say

Posted on July 22, 2024 by Financial Edge Daily

By Jeff Mason and Jarrett Renshaw (Reuters) -Former Attorney General Eric Holder and his law firm, Covington & Burling LLP, will conduct vetting of potential running mates for Vice President Kamala Harris’…

Investment funds buy $28.837 billion 10-year note in July – U.S. Treasury

Posted on July 22, 2024 by Financial Edge Daily

July 22 (Reuters) – Large investment managers bought $28.837 billion at a 10-year note auction held in July, compared with the $26.477 billion they purchased the previous month, data from the U.S….

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