Tema ETFs has been capitalizing on the risk appetite for weight loss stocks.It is behind the GLP-1, Obesity & Cardiometabolic ETF (HRTS), which is up 26% since its inception last November.The firm's founder and CEO Maurits Pot thinks the winning weight loss trade isn't based on just hype."The companies we...
Category: Finance
China hopes to reach a solution with the EU on EV tariffs ‘as soon as possible’
Employees work on the assembly line of electric vehicles in a digital automotive factory of Jiangling Motors on May 17, 2024. Vcg | Visual China Group | Getty ImagesBEIJING โ China hopes to reach an agreement with the European Union soon on the bloc's planned tariffs for imported Chinese electric cars,...
Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit
Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON โ The boss of British financial technology giant Revolut told CNBC he is optimistic about the company's chances of being granted a U.K. banking license, as a jump in users saw the firm report...
Growth, value stocks could see boost from Russell rebalancing
A bullish move may be ahead for both value and growth in the year's second half.VettaFi's Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell's annual rebalancing."It's worth paying attention to...
The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
A bank employee count Chinaโs renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersDALIAN, China โ For China's yuan to be used more globally, the currency needs more "applications" such as for stocks and bonds, Bonnie Chan,...