Jonathan Raa | Nurphoto | Getty ImagesThe bitcoin exchange-traded funds launching Thursday after the SEC's long-awaited approval come at a wide variety of price points, with signs that a fee war is already underway.The Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new bitcoin funds, at...
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New Morgan Stanley CEO is ‘super bullish’ on hitting financial targets
Morgan Stanley's new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in client assets and a 20% return.Pick, a three-decade Morgan Stanley veteran who took over this month, said he has three priorities: sticking to the strategy laid out by predecessor James...
Mega-rich renew call on global leaders at Davos to ‘tax our extreme wealth’
Austrian Marlene Engelhorn, who inherited from her family who owns the Germany's chemical giant BASF, poses with a placard reading "Tax the rich!" at the entrance of the Congress center on the opening of the annual meeting of the World Economic Forum (WEF) in Davos, on January 15, 2024. (Photo...
Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks."You have all these very powerful forces that are going to be affecting us in '24 and '25," Dimon told Andrew Ross Sorkin on...
One place you won’t find a bitcoin ETF: Jack Bogle’s Vanguard
Pavlo Gonchar | Lightrocket | Getty ImagesMore than a dozen financial firms are involved in new bitcoin exchange-traded funds that began trading Thursday, but one of the biggest fund issuers and money managers in the world still won't touch cryptocurrency.A Vanguard spokeswoman told CNBC that the asset management giant has...