Nasdaq Inc.’s lawsuit accusing a New Jersey company of stealing more than $1 billion in exchange-traded funds is set to come to trial Monday in New York, in a case that is drawing interest across the ETF industry.
Nasdaq’s civil suit, filed in October 2017 in the U.S. District Court for the Southern District of New York, alleges that ETF Managers Group LLC illegally kept millions of dollars in management fees generated by funds including a popular cybersecurity ETF best known by its ticker HACK.
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Watch now: ETF Edge on the market sell-off as U.S.-China trade tensions escalateETFEdgeCNBC The Art of The Deal? ETFEdgeCNBC What sell off. 200 points is nothing compared to what was implied of 450
Source: CNBC - 🏆 12. / 72 Read more »
ETF Spotlight: Small-cap versus large-cap stocksCNBC's Mike Santoli takes a look at large-cap as compared to small-cap stocks in the midst of on-going trade tensions between the U.S. and China. michaelsantoli Flows into SmallCap ETFs have been pretty solid over the past few months. Have to think, after great earnings season, they begin to materially outperform large-caps as fundamentals favor smaller domestic US companies. WednesdayWisdom WednesdayThoughts
Source: CNBC - 🏆 12. / 72 Read more »
Stocks claw back early losses as trade tensions escalate; S&P, Nasdaq see worst week of 2019Stocks clawed back early losses to end mostly higher Friday, but the S&P 500 and Nasdaq Composite still suffered the biggest weekly declines of 2019 as... Claw back early losses .. is that like raising the lower rung to a previously held mid high ?
Source: MarketWatch - 🏆 3. / 97 Read more »
Nasdaq: The pipeline for Chinese companies listing in the US is 'stronger than it's ever been''It seems like we will have over 40 IPOs from China, [which] are coming to the U.S. this year. So [2019] could be the strongest year ever,' said Bob McCooey, chairman of Nasdaq Asia-Pacific. This is part of China's ability to float some of its equity at the highest valuations possible. It helps the companies recapitalize without giving up control. HK and Wallstreet has always an excellent tool for FII. This is part of China's ability to float some of its equity at the highest valuations possible. It helps the companies recapitalize without giving up control. HK and Wallstreet has always been an excellent tool for FII. Looks like a deal coming.....
Source: CNBC - 🏆 12. / 72 Read more »
Stock market internals increased selling intensity, but still far from panicThe Arms Index, a volume-weighted breadth measure, for the NYSE and Nasdaq are showing increased selling pressure in the broader stock market, but it's still... Yet. Well thats not good...so panic selling hasn't started Yet...sheesh No panic ! The stock market will be back up in the next couple of days! Change it to the scam market !
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks close moderately lower after dramatic comeback as Trump reignites trade-war fearsU.S. stock futures under sharp pressure -- Nasdaq-100 futs down 2.4% -- as global investors caught off guard by Trump threats to lift China tariffs. Your move China. Wake up. You're a day late.
Source: MarketWatch - 🏆 3. / 97 Read more »