U.S. exchange-traded funds (ETFs) that invest in dividend-paying stocks have enjoyed a rush of inflows since the Federal Reserve kicked off its rate cutting cycle last month, though a jump in U.S. Treasury yields could slow the deluge of investor funds. The group of 135 U.S. dividend ETFs tracked by Morningstar pulled in $3.05 billion in September, the same month the Fed cut interest rates by 50 basis points, its first reduction since 2020. Their newfound popularity has been driven by investors seeking income-generating products ahead of declines in yields that are expected to occur as the Fed continues cutting interest rates.
Danish drugmaker Novo Nordisk will invest 864 million reais ($158.2 million) to revamp a plant in Brazil responsible for pumping out a quarter of its insulin production globally, the firm said on Friday. The funds will overhaul the Montes Claros factory, in the southeastern state of Minas Gerais, and implement sustainable projects there, Novo Nordisk said in a statement. The maker of Ozempic and Wegovy, which have exploded in popularity for their use as weight-loss drugs, made the announcement public as Brazilian President Luiz Inacio Lula da Silva met earlier in the day with Queen Mary Donaldson of Denmark, the Brazilian government said in a statement.
(Bloomberg) -- Christopher DeVocht, a carpenter from Vancouver Island, Canada, says he started out like a lot of day traders. After work, he’d read about trading on forums. His favorite things to trade were options on Tesla Inc. stock.Most Read from BloombergWhat Do US Vehicle Regulators Have Against Tiny Cars?The Corner Store ComebackNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkMexico City Restricts Airbnb Rentals to Curb ‘Gentrification’Roofs of Mexico City’s Massive Food Mar
