Key TakeawaysGoldman Sachs (GS) is set to acquire Innovator Capital Management in a $2 billion deal, significantly expanding its footprint in the rapidly growing defined-outcome and Bitcoin-linked ETF markets, with the transaction expected to close in Q2 2026.The Walt Disney Company (DIS) is in the final stages of its CEO succession race, with the board actively considering both internal and external candidates, including Electronic Arts (EA) CEO Andrew Wilson, for an announcement in early 2026.Hong Kong st ...

Goldman Sachs is set to acquire defined outcome ETF firm Innovator Capital Management.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The $2 billion deal, announced Monday (Dec. 1), is designed to expand the exchan ...

Core Insights - The article highlights the potential for generating passive income through dividend stocks or ETFs, suggesting that an investment of $2,500 can yield $3,500 in annual passive income [1] Investment Opportunities - Investing in dividend-paying stocks or ETFs can provide significant returns, with a relatively low initial investment [1]

In terms of top exchange traded fund (ETF) providers I think investors should consider, Vanguard remains a top pick of mine. ...

Group 1: European Active ETF Market - The European active ETF market is experiencing significant growth, with assets doubling to €62.4 billion by August 2025, reflecting a 12% increase from the end of 2024 [3][4][9] - Major players like Royal London and M&G Plc (MNG) are entering the market, indicating increased competition and a response to rising investor demand for transparent and liquid investment products, particularly in fixed income [3][4][9] - Europe is approximately five years behind the US in active ETF adoption, suggesting substantial potential for further growth in this sector [4] Group 2: US-China Trade Dispute - A new phase in the US-China trade conflict has emerged, with both nations implementing reciprocal port fees on shipping vessels, effective October 14, leading to significant disruptions in global cargo flows [5][6][9] - The Shanghai Containerized Freight Index (SCFI) increased by 12.9%, reaching a four-week high due to the new transpacific route fees, indicating rising shipping rates and potential impacts on consumer costs [6] - Estimates suggest that 13% of crude tankers and 11% of container ships in the global fleet could be affected by these new fees, with implications for energy and grain imports [6] Group 3: On Holding AG Lawsuit - On Holding AG (ONON) is facing a class-action lawsuit from customers alleging that its shoes emit a "loud, embarrassing" squeak, raising concerns about quality control and brand reputation [7][8][9] - The company's stock has seen a decline of -3.64% over the past week and -16.24% over the last year, indicating potential financial repercussions from the lawsuit [8] Group 4: Elon Musk's xAI Developments - Elon Musk has increased his confidence in xAI's Grok 5 achieving Artificial General Intelligence (AGI), estimating a 10% and rising probability, following strong performance from Grok 4 on the ARC-AGI benchmark [10][11][9] - xAI, established in March 2023, is rapidly growing and leveraging its Colossus supercomputer cluster, with plans to launch Grok 5 potentially before the end of 2025 [11]

Core Insights - Gold prices have recently surged due to a combination of government shutdown concerns, expectations of interest rate cuts, and escalating tariff tensions with China [1][8] - Gold futures have surpassed $4,000 per ounce, while the S&P 500 Index reached a record high of $6,774.58 [2] - Over the past two months, gold has increased by more than 18%, while the S&P 500 has risen approximately 5% [4] Performance Analysis - Historical data indicates that after periods where gold rose at least 18% and the S&P 500 increased by 5%, the S&P 500 typically experienced an average six-month return of -0.1%, with less than half of the returns being positive [4] - The S&P 500's performance following similar signals since 1980 shows an average return of -1.11% over one week and -0.13% over two weeks, with a median return of -1.51% and -0.08% respectively [5] - The last signal in May 2020 demonstrated outperformance from stocks across all timeframes, although both the S&P 500 and gold underperformed in the short term [6][7] Market Dynamics - The SPX/GLD ratio reached 0.54 by the end of the week, with significant support at the 200-day trendline [2] - Gold's 14-day Relative Strength Index (RSI) peaked at 82.50, indicating it was overbought, which historically has led to subsequent drawdowns [6] - The recent spike in gold and stock prices has created a volatile environment, with the SPX experiencing its worst single session since early April due to heightened tariff rhetoric from President Trump [8]

Group 1: Evolution of Investment Vehicles - The first exchange traded fund (ETF) was launched in 1993, and despite initial skepticism, ETFs have now reshaped global investment, with 15,000 ETFs holding over $17 trillion in assets [1] - The tokenization of real-world assets (RWA) on blockchain is currently underway, allowing traditional financial instruments to be represented digitally, making them programmable and easily transferable [2] Group 2: Company Initiatives - Janus Henderson partnered with Centrifuge to launch a liquid Treasury fund on-chain, which quickly grew to over $400 million in assets under management, demonstrating investor interest in on-chain solutions [3] - The flagship JAAA strategy from Janus Henderson has scaled to $750 million, indicating successful capital flow through new blockchain infrastructure [3] Group 3: Industry Skepticism and Adoption - Skepticism remains prevalent in traditional finance regarding tokenization, focusing on regulation and legacy systems, similar to the doubts faced by ETFs in the past [4] - Adoption of new financial innovations often occurs in a non-linear fashion, with significant changes happening suddenly after a period of gradual acceptance [4] Group 4: Advantages of Tokenization - Tokenization represents a foundational shift in finance, addressing inefficiencies such as lengthy settlement times and high costs associated with intermediaries [5] - By moving assets on-chain, tokenization offers instantaneous settlement, enhanced transparency, and integration into decentralized finance, potentially transforming financial models [5]

Group 1 - Robinhood Markets Inc shares are experiencing a decline due to a broader sell-off in banking and financial services stocks, triggered by a weak August jobs report [1][3] - The U.S. economy added only 22,000 nonfarm payrolls in August, significantly below expectations and marking the slowest hiring pace since 2020, with downward revisions for June and July indicating a cooling labor market [2][3] - The poor jobs data has led to increased expectations for Federal Reserve interest rate cuts, but concerns about a slowing economy potentially reducing trading activity are negatively impacting sentiment for brokerage platforms like Robinhood [3] Group 2 - Despite the decline in share price, Robinhood has a high momentum score of 98.61 according to Benzinga Edge rankings [4] - As of Friday afternoon, Robinhood shares are trading down 2.07% to $100.78, with a 52-week high of $117.70 and a low of $18.71 [4]