About 6.4 million shares of the exchange-traded fund, worth roughly $264 million, changed hands in the first 20 minutes of trading.
The report says the volatile trading in meme stocks early last year warrants a close look at factors that led brokers to restrict customer trading, as well as at gamification, short-selling and payment for order flow.
Record allocations by households, foreign investors, mutual and pension funds are set to climb even higher in 2022, Goldman strategists led by David Kostin wrote in a note Friday.
Unlike Bitcoin ETF applications that the regulator has previously blocked, the proposals by ProShares and Invesco are based on futures contracts, and the SEC isn't likely to block them from starting to trade next week.
Fees from advising on deals almost tripled in the third quarter, crushing analysts’ estimates and helping to push the bank’s net income to $11.7 billion.
A Fed survey shows U.S. household expectations for inflation one year ahead rose to 5.3% in September from 5.2% in August, while median expected inflation three years ahead rose to 4.2% from 4%.
Wurster has run the company's asset management unit, which oversees Schwab funds and ETFs. Previously, he worked at Wellington Management.
The two main challenges to growth in the medium-term were a slowing of fiscal support and the need for spending on services. The declines were mostly offset by upgrades to projections for the following two years.
The fund manager announced that starting next year, some of its institutional clients will be able to play a bigger role in shareholder votes.
The bank signed a pledge to align its lending and investment portfolios with net-zero emissions by 2050, joining a group of more than 40 rival financial firms.
