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STT News30 articles
Australia's 40-Year Outlook: Slower Growth, Higher Spending Weigh on ASX
Australia's latest Intergenerational Report forecasts slower population and GDP growth over 40 years, while government spending rises. The ASX 200 barely moved, but rate hike odds remain high.
Trump Accounts Draw $1.5B to S&P 500 ETF; Fee Impact Minimal
Trump Accounts have attracted $1.5B into SPYM ETF, generating about $300K in annual fees for State Street. The impact is minimal near-term but offers a long-term retail pipeline.
SPMO's 2026 Lead Over SPY Narrows Amid Momentum Shift
SPMO's 21.11% year-to-date gain tops SPY's 9.58%, but a recent losing streak narrowed the advantage, underscoring momentum risk and heavy tech exposure.
Small Caps Lead but Market Breadth Weakens; S&P 500 Falls to 7,457.69
Small caps led the Nasdaq by 2.4 percentage points last week, but both indexes declined. The S&P 500 fell 1.55% to 7,457.69, with market breadth weak.
State Street Hits New Highs as ETF Inflows Surge Past $1 Trillion
State Street shares hit a new high as ETF inflows surpass $1 trillion in the first half, lifting fee revenue expectations ahead of Q2 earnings.
Trump Accounts Launch Triggers Major ETF Inflow for Wall Street
The Trump Accounts app launched on July 4, with initial flows into State Street's SPDR Portfolio S&P 500 ETF, signaling an $8 billion test for Wall Street's ETF ecosystem.
Trump Account Default Status Boosts SPDR S&P 500 ETF Assets by $18.3B
State Street's SPYM ETF gained $18.3 billion in assets since March, fueled by its role as the default investment in the Trump Accounts program, which starts with $1,000 per eligible child.
Fidelity Cuts 800 Jobs, Plans 5,300 Hires in Tech Restructuring
Fidelity Investments cuts 800 jobs as it restructures technology and product teams, while planning 5,300 new hires this year, including 2,000 early-career employees.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
Huntington Bancshares Shares Rebound on 2027 EPS Outlook and Merger Synergy Details
Huntington Bancshares stock rose 0.5% Wednesday, recovering from a prior sell-off, as investors assessed its 2027 EPS target of $1.90-$1.93 and $435M in projected annual cost synergies from recent acquisitions.
BlackRock Shares Gain on Deutsche Bank Aladdin Integration and Fund Restructuring
BlackRock's stock rose 2.5% following an FX workflow automation partnership with Deutsche Bank and a consolidation of municipal closed-end funds. Investors await CFO commentary and key economic data.
WBD Jumps 10.8% on State Antitrust Settlement, Narrows Paramount Deal Spread
WBD closed at $30.80, up 10.79%, after a 12-state antitrust settlement. The $31 Paramount cash offer now sits just 20 cents above the stock, tightening the deal spread.
Credit Acceptance Settles Multistate Probe, Stock Dips 2%
Credit Acceptance (CACC) shares fell 2% after a multistate settlement involving $75.5M cash and $634M in waived balances. The deal clarifies costs but raises questions about collections.
State Pension to Hit £13k, But Tax Relief Promise Falls Short
The UK State Pension is set to exceed £13,000 next April, but the government's tax relief pledge is narrower than expected, leaving many pensioners exposed.
Millions of UK Adults Skip State Pension Forecast Checks
Nearly 7 million UK adults have never checked their State Pension forecast, according to HMRC research. Many may be missing out on valuable top-up opportunities.
UK State Pension Set for £9.40 Weekly Boost as Earnings Growth Hits 3.9%
The UK State Pension is projected to increase by 3.9% to £250.70 per week from April 2027, based on latest earnings data, though inflation could still alter the final amount.
SoFi's Stadium Deal: Brand Exposure, Not Real Estate
SoFi Stadium's NFL opener boosts brand visibility for SoFi Technologies, but the fintech only holds naming rights, not the venue. The $616.5M deal is an advertising investment.
DraftKings Surges 4% as Court Ruling Bolsters State Licensing Model
DraftKings (DKNG) climbed 4.3% after a federal appeals court backed state licensing, reinforcing its regulatory edge. The stock closed at $25.26 with volume up 64%.
Blackstone Q2 Earnings Beat on AI-Driven Real Estate Gains
Blackstone's Q2 distributable earnings surged 26% to $1.98B, topping forecasts, fueled by AI-related asset sales in real estate, while private credit faced headwinds.
TeraWulf (WULF) Drops 17% as New York Order Casts Shadow Over 77% Out-of-State Pipeline
TeraWulf shares slumped 17% as a New York executive order threatens permit progress, while 77% of its open capacity sits outside the state.
Pentagon Review Freezes $47B Onshore Wind Pipeline Amid State Opposition
A Pentagon review halt has frozen $47 billion in onshore wind projects, affecting 106 developments and nearly 30 GW of capacity across 21 states.
NJ Transit Secures $302M State Boost as Fare Revenue Stays Flat
NJ Transit approved a $3.5B operating budget with state direct aid rising 31% to $302M, while fare revenue holds at $980M, underscoring fiscal challenges.
Hub Group Class Action Deadline Precedes Restatement Filing
Hub Group faces a securities class action with an Aug. 28 lead plaintiff deadline, before its Sept. 14 Nasdaq compliance date for restated financials.
AeroVironment Shares Slide on Restatement, SCAR Backlog Concerns
AeroVironment shares plunged 10.8% after an amended 10-Q showed a larger net loss and that $1.49 billion in SCAR options are no longer expected, sparking concerns over backlog quality.
QuantumScape Soars 16.5% on Honda Solid-State Battery Pact
QuantumScape shares jumped 16.5% to $8.04 after Honda R&D signed a multi-year joint research agreement for solid-state battery development, providing a major automaker endorsement.
Germany's Pension Reform Plan: Retirement Age to 68 by 2051, State Fund Proposed
Germany's pension commission recommends raising the retirement age to 68 by 2051 and establishing a state-run investment fund, challenging Chancellor Merz's coalition as aging population strains public finances.
QuantumScape Jumps 16.5% on Honda Solid-State Battery Pact
QuantumScape (QS) surged 16.5% to $8.04 after Honda R&D signed a multi-year solid-state battery research deal, adding a key automaker catalyst before the Juneteenth holiday.
Honda Partnership Fuels QuantumScape Stock Surge Amid Solid-State Battery Push
QuantumScape stock jumped 5.7% to $7.29 following a Honda R&D solid-state battery research agreement, but the company still lacks revenue and warns significant production is not imminent.
Sadot Group Shares Tumble 63% Amid Nasdaq Delisting Deadline and Real Estate Deal Concerns
Sadot Group shares fell 63.1% to $8.67 after a volatility halt, as the company faces a June 22 Nasdaq delisting deadline and a large stock-funded real estate option.
DOJ Approves Paramount-Warner Bros. Mega Merger, State and Global Reviews Loom
The U.S. Justice Department has cleared Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, but state, FCC, U.K., and EU reviews still pose hurdles.