A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy officer, expects to have more information on the fund’s debut
Jonathan Raa | Nurphoto | Getty Images It’s a welcome stat for crypto entrepreneurs who’ve been bruised by the last couple of years of the so-called “crypto winter,” which made it much harder for founders to raise money. Venture funding for crypto firms slumped significantly in 2022 after a rise in interest rates from major
42 Mins Ago Kakaobank shares jump as Q4 profit rises, customer base grows Kakaobank shares jumped 7% on Wednesday after the digital payments firm reported higher fourth-quarter profit. The company’s fourth-quarter net profit rose nearly 25% to 75.7 billion Korean won ($57.2 million) from a year earlier. Kakaobank added 2.42 million new users to its
Sopa Images | Lightrocket | Getty Images Revenue jumped 25% in the fourth quarter for Meta, from $32.2 billion a year earlier. That’s the fastest rate of growth for any period since mid-2021, and comes amid a rebound in the online ad market. Meta’s net income more than tripled, to $14 billion from $4.65 billion
A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure
A Volvo C40 Recharge electric SUV is on display during the Volvo “A New Era of Volvo Cars” press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea. Han Myung-gu | Wireimage | Getty Images Volvo Cars shares surged more than 20% Thursday after the Swedish automaker announced that it will
Greenwash activists take part in the final day of four days of The Big One climate protest activities organised by Extinction Rebellion (XR) on 24 April 2023 in London, United Kingdom. Mark Kerrison | In Pictures | Getty Images The head of the United Nations Environment Programme Finance Initiative believes there is still a “real
Treasury yields continued to edge higher on early Friday as investors digested the latest jobs data and comments by officials of the Federal Reserve. Weekly jobless claims surprised economists Thursday by coming in at their lowest level since September 2022, in a further indication of the strength of the U.S. jobs market. The yield on
Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Joe Raedle | Getty Images Cryptocurrency exchange Gemini has been awarded crypto registration to launch its services in France, the company told CNBC exclusively. The firm, which was founded and is owned by twins
Palo Alto Networks CEO Nikesh Arora said Tuesday that cybersecurity demand will only intensify in 2024. He cited three reasons that highlight why investors keep pushing the Club stock to record highs. During a CNBC interview at the World Economic Forum’s annual meeting in Davos, Switzerland, Arora said that Palo Alto Networks stands to benefit