Hello! This week’s ETF wrap shines the light on electric vehicles, an industry that  BlackRock’s Jay Jacobs says has taken off but still has a way to go — the kind of “inflection point” the firm looks for in thematic investing opportunities.Please send feedback and tips to [email protected] or [email protected].…

““It’s time to admit that remote work doesn’t work.”” — -Venture Capitalist David Sacks Davis Sacks, venture capitalist and former PayPal Holdings Inc. PYPL, +0.59% executive, doesn’t think remote work is getting the job done. “It’s time to admit that Remote Work doesn’t work. WFH Friday is a 4 day work…

The numbers: The U.S. budget deficit quadrupled to $240 billion in May from a year earlier, fueled by higher government spending and fewer taxes collected. For the first eight months of the current fiscal year, the deficit totaled $1.16 trillion, compared with $1.38 trillion in the same period last year. Key…

Amedisys shares jump on unsolicited offer from Optum amid existing deal with Option Care Health Amedisys, Inc. (NASDAQ:) shares surged more than 15% today after the company disclosed that it has received an unsolicited proposal from Optum, a diversified health services company, to acquire all outstanding shares of Amedisys’ common…

By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of…

By Tetsushi Kajimoto TOKYO (Reuters) -Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s top currency diplomat said on Tuesday after top financial authorities met in response to a weakening in the yen to a six-month low versus the dollar. “Currency rates should move stably…

By Belén Carreño and Philip Blenkinsop MADRID/Brussels (Reuters) -The European Commission has said it is a priority to conclude a long-delayed trade deal with South America’s Mercosur bloc, as the EU seeks new allies to reduce its dependence on China and the United States, according to a document seen by…

With the Federal Reserve’s dramatic interest rate hikes hitting the sector hard, this year’s Fintech 50 list honors only two real estate startups, down from five in 2022. Since the Federal Reserve began driving up interest rates in March 2022, the average for new 30-year fixed rate mortgages has risen…

TL;DR Apple’s annual Worldwide Developers Conference (WWDC) was held this week, with the biggest announcement coming in the form of their new AR headset, the Vision Pro At the same time, major cities across Canada and the U.S. have turned orange with smoke from Canadian wildfires, driving interest in companies…

The Supreme Court will soon issue a decision on President Joe Biden’s landmark student loan forgiveness plan. If allowed to proceed, the program would wipe out up to $20,000 in federal student loans for many Americans who fall below the plan’s income threshold. Some borrowers could receive the benefits automatically…