The American Reshoring ETF, introduced by Tema ETFs CEO Maurits Pot, is focused on supporting the revival of U.S. manufacturing jobs. Pot believes that this movement, often referred to as “deglobalization,” is just beginning and emphasizes the importance of job creation and bringing back local manufacturing positions. This ETF was launched in May 2023 and
Success
The news of meme stock trader “Roaring Kitty” buying a 6.6% stake in Chewy sent the shares of the pet food e-commerce retailer soaring in premarket trading. With just over 9 million shares purchased, Roaring Kitty has become the third-largest shareholder in the company, according to FactSet. This move has added more than $245 million
The Bank for International Settlements (BIS) has issued a warning regarding the potential repercussions of rising government debt levels in the face of upcoming major elections. The BIS, often referred to as the central bankers’ central bank, has expressed concerns about the impact that excessive government debt could have on global financial markets. Despite some
The Nasdaq and the S&P 500 reached record highs as an in-line inflation report was released, giving hope for potential interest rate cuts in September. The report indicated that U.S. monthly inflation remained unchanged in May, which was seen as a positive sign following earlier price increases that cast doubt on the Federal Reserve’s monetary
Cisco’s Greater China head, Ming Wong, expressed his optimism about the growing business with Chinese electric car companies as they expand overseas. The electric vehicle (EV) segment is the second-largest for Cisco in the region, generating most of its revenue from manufacturing companies, with electric cars being the largest category. Chinese EV-makers have been increasing
Recently, Chinese authorities unveiled a new policy aimed at supporting the venture capital sector in the country. This move has raised hopes for faster approvals of initial public offerings (IPOs) in the near future. The Chinese venture capital ecosystem, which was once thriving, has experienced a significant slowdown over the past three years due to
As the global economy faces uncertainty and potential downturns, the Australian dollar’s trading relationship with the US dollar remains a crucial focus for investors and analysts. With key economic indicators like the Australian Monthly CPI Indicator and various PMI numbers on the horizon, the AUD/USD pair is poised for significant movement in the coming weeks.
With the increasing focus on environmental preservation and combating climate change, New York has taken a significant step by launching a program that offers homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property. This initiative, part of the federal Inflation Reduction Act signed by President Joe Biden in 2022, is proving
When it comes to financial decision-making, it is crucial to approach the process with caution and skepticism. The information provided on various platforms, including websites and publications, should be viewed as general news and opinions rather than personalized advice. It is essential to conduct your own research, consult with knowledgeable advisors, and use your discretion
The AUD/USD pair is currently attempting to recover from the 0.6590 support level against the US Dollar. After finding support near this level, there was a break above a key bearish trend line with resistance at 0.6630 on the hourly chart of AUD/USD at FXOpen. The pair dipped from the 0.6700 resistance zone, declining below
The latest report on U.S. factory production in May showed a surprising increase, rebounding from declines in the previous two months. The Federal Reserve reported a 0.9% jump in manufacturing output, surpassing economists’ expectations. However, despite this positive development, the outlook for sustained momentum in the sector remains uncertain. Higher interest rates and softening demand
Starboard Value, the activist fund led by Jeff Smith, recently acquired a significant stake in graphics-design firm Autodesk. The fund has raised serious concerns over the company’s disclosures regarding an internal investigation that resulted in the removal of its CFO. It has been revealed that executives at Autodesk misled investors regarding the company’s free cash
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