US active asset managers are getting left behind as investors tiptoe back into the markets via index tracking funds. Active mutual funds experienced outflows of more than $50bn in the first three months of the year, according to Morningstar Direct, hurting large asset managers such as Capital Group, T Rowe Price and Franklin Templeton. Instead,…
Blazing electronic signs along the highway that connects downtown Detroit to its more prosperous western suburbs announce an unfamiliar cause for optimism in a city that a decade ago was so broke that it could not even pay for street lights. “Two more,” the signs exhort in blue and white, referring to the number of…
Giulio Fornasar Introduction Even though it is a blue chip and even though it is a utility, Enel (OTCPK:ENLAY) has certainly not been a SWAN stock in the past few years. Just look at its price, and we see a rollercoaster going up and down with sudden swings and then big surges. We have even…
Celsius Network has received court approval to transform itself into a Bitcoin mining company, owned by its creditors, as part of a comprehensive strategy to repay account holders whose funds have been inaccessible for over a year. The effort to establish a new cryptocurrency services enterprise using the remains of the bankrupt Celsius lender is…
SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law. In an encouraging development, the US Securities and Exchange Commission (SEC) has hinted at the possibility of approving the revival of the beleaguered cryptocurrency exchange FTX, if the incoming leadership adheres…
nndanko The bearish case against SNDL (NASDAQ:SNDL) is tangible and still developing on the back of consistent quarterly losses and a liquidity position besieged by these losses. The Calgary-based cannabis and liquor retailer just reported its fiscal 2023 second-quarter earnings that saw revenue grow by 9.3% over its year-ago comp to C$244.5 million with a…