By Suzanne McGee (Reuters) – The nine exchange-traded funds (ETFs) tied to the spot price of ether, the world’s second-largest cryptocurrency, scooped up net inflows of $106 million on Tuesday as they began trading on U.S. stock exchanges, according to data from CF Benchmarks and several trading firms. The funds that pulled in most of…
(Reuters) – Lamb Weston forecast its annual sales and profit below analysts’ expectations on Wednesday, as higher prices of its frozen food products begin to hurt volumes, sending its shares plunging more than 20% in early trading. The company has been increasing prices of its products, including ready-to-cook classic and sweet potato fries to offset…
By Pritam Biswas and Echo Wang (Reuters) -Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at nearly $6 billion. Investors have shown optimism for new listings in 2024 on hopes of a soft landing for the economy, after two…
By Marianna Parraga, Deisy Buitrago and Mircely Guanipa CARACAS/MARACAY (Reuters) -Griselda Ascanio keeps an improvised wood-burning stove ready in her backyard in Maracay, 120 kilometers (75 miles) from Venezuela’s capital, for the frequent gas-supply interruptions that make it difficult to cook. “We cannot just cry about it,” said the 44-year-old administrator, who collects branches that…
