Current Wondery podcasts will either transition to Amazon’s Audible division or move under a newly established creator services unit, which will manage shows led by prominent personalities like Jason and Travis Kelce.
Volatility dropped 11%, but ETFs like SVOL, SVXY, and SVIX are rising. This could just be the calm before the storm, with August and September historically being volatile months for US equities.
ETF investors love S&P 500, but not all S&P 500 ETFs are equal. SPY has higher inflows due to its popularity among traders, while IVV is preferred by long-term investors. Despite IVV's outflows, overall equity ETF inflows show bullish sentiment. Flow data reflects different investors' use of ETFs, not popularity.
It's a rough start to the new month for Wall Street, as major U.S. stock indices plunged by midday Friday, setting the stage for a negative weekly close.
The vaccine maker lowered its full-year revenue guidance to a range of $1.5 billion to $2.2 billion, reflecting a $300 million reduction at the high end of the range.
CEO Stéphane Bancel said in a note to employees on Thursday that the move is part of the company’s commitment to reduce annual operating expenses by about $1.5 billion by 2027.
For the full year, the company raised its adjusted and diluted earnings per share guidance to $11.88 to $12.08, up from its previous guidance of $11.67 to $11.87.
