SHANGHAI/HONG KONG – Major Chinese fund companies announced a big reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees by as much as 70% came a day after Wu Qing,

Nvidia released its earnings report on Wednesday and projected that fourth-quarter sales were above Wall Street estimates, but investors balked as those figures fell short of the lofty expectations the artificial intelligence (AI) giant has garnered during its historic rise. Nvidia forecast fourth-quarter revenue of $37.5 billion, plus or minus 2%, compared to analysts’ average estimate

A former top FTX executive charged with writing computer code for now imprisoned FTX founder and CEO Sam Bankman-Fried to help steal billions of dollars from cryptocurrency customers, was spared prison time by a Manhattan judge on Wednesday. U.S. District Judge Lewis Kaplan said during a hearing in federal court in Manhattan that he would

In what would be the first role of its kind, President-elect Trump is mulling a position dedicated solely to cryptocurrency policy, FOX Business has learned.  It’s unclear if the role would be a czar type or a White House staff role, but the individual would have the president’s ear, according to industry sources familiar with

SANTA CLARA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the third quarter ended October 27, 2024, of $35.1 billion, up 17% from the previous quarter and up 94% from a year ago. For the quarter, GAAP earnings per diluted share was $0.78, up 16% from the previous quarter