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Author: Press Room
ETFs still have room for growth after 30 years of SPY, State Street saysThe oldest ETF celebrates its 30th anniversary this week, but the industry still has room to grow, according to a survey from State Street.The firm, which operates the now $375 billion SPDR S&P 500 Trust ETF (SPY), found in a small survey that just 40% of U.S. investors currently hold ETFs.One area of ETFs with significant growth ahead is fixed income, Sue Thompson, head of Americas distribution for State Street’s SPDR ETFs, said at a SPY anniversary event on Tuesday.”I think it’s going to grow, and I’ll…
A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022.David Ryder | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell.Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue for the fourth quarter that beat analyst expectations. However, Tesla’s gross margins came in at the lowest levels in the past five quarters.Chevron — Shares advanced 2.7% after the oil company announced a $75 billion stock repurchasing program.ServiceNow — The software stock tumbled 4% after ServiceNow released its…
An image of President Donald Trump appears on video screens before his speech to supporters from the Ellipse at the White House in Washington on Wednesday, Jan. 6, 2021, as the Congress prepares to certify the electoral college votes.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesMeta will allow former President Donald Trump to return to Facebook and Instagram in the coming weeks, the company announced, two years after his suspension was enacted following the 2021 insurrection at the U.S. Capitol.”As a general rule, we don’t want to get in the way of open, public and democratic debate on Meta’s…
Two years ago, Dr. Jill Biden became the first (and hopefully only) first lady to accessorize her inauguration day ensembles with matching face masks. Now, those emblems of the COVID-19 pandemic—along with Dr. Biden’s blue Markarian coat and dress and white embroidered coat and dress by Gabriela Hearst—have joined the Smithsonian’s popular First Ladies Collection. Showcasing over two dozen gowns worn by first ladies throughout American history, the exhibition includes Jacqueline Kennedy’s white Oleg Cassini inaugural gown, a 1780s dress owned by Martha Washington, and the ethereal, one-shouldered Jason Wu ensemble that Michelle Obama wore to the inauguration ball in 2009.Gabriela…
Suddenly, it seems mushrooms are everywhere — and not just in places you might expect, like risotto. They’re popping up in products like gummies and power bars that capitalize on the claims that functional mushrooms have natural health properties: brain-boosting, stress-reducing, immunity-fueling, mood-enhancing. Perhaps mushroom lattes recently appeared on the menu at your local coffee shop, leading you to wonder: What are functional mushrooms? And should I drink them?“It’s yet the next darling, until people spend an extra $3 and get their mushroom coffee only to wake up the next day and discover they’re no healthier, they’re no smarter and they’re no…
Things between us (and between you, quite literally) changed when I was 16. Open-heart surgery fixed a congenital heart defect and also left me with a thick, 7-inch, keloid scar right down the middle of my sternum.It was devastating to look at. At a time in life when girls often aren’t kind to their bodies to begin with, I now had a permanent purple worm to add to the list of things I didn’t like about myself.But then, there was you. You came … with coverage. And your coverage gave me confidence. You covered what I didn’t want the rest of…
Chevron last month reported its second-highest quarterly profit ever.Justin Sullivan | Getty Images News | Getty ImagesEnergy giant Chevron announced a $75 billion stock buyback program and a dividend hike on Wednesday evening.Shares of Chevron were up more than 2% in extended trading.The buyback program will become effective on April 1, with no set expiration date, the company said in a press release. The dividend hike increases Chevron’s per share payout to $1.51 from $1.42, and that will be distributed on March 10.Chevron’s market cap was roughly $350 billion as of Wednesday’s market close, meaning that the buyback would represent…
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