(Reuters) – The S&P 500 and the Dow Jones Industrial Average dipped on Wednesday as a sharp drop in energy stocks offset gains in financials and drug stocks. read more"Wall Street dips as energy weighs"
SAN FRANCISCO (Reuters) – Shares of Snap Inc rebounded on Wednesday following a steep selloff while an initial rush to short sell the stock appeared to be slowing. read more"Snap perks up after initial rush of short sellers"
WASHINGTON (Reuters) – When the bosses of some of the world’s largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting. read more"‘It’s like kumbaya:’ Trump’s genial private meetings with CEOs jar with public attacks"
NEW YORK (Reuters) – Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund and changing its name, a spokeswoman for the fund management company said on Wednesday, the latest transformation for what was once the largest actively managed ETF. read more"Pimco revamps BOND ETF, changing fund’s name and managers"
NEW YORK (Reuters) – U.S. regulators are advancing rules this week to tighten standards on the ballooning exchange-traded fund industry over the objections of asset managers including BlackRock Inc and Invesco Ltd . read more"U.S. regulators push new ETF rules despite industry’s howl"