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20.11.25 - 22:21
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State Street Investment Management Announces Share Splits for Five Select Sector SPDR® ETFs (Business Wire)
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BOSTON--(BUSINESS WIRE)--State Street Investment Management today announced share splits on five Select Sector SPDR ETFs. The splits will decrease the funds' share prices and increase the number of outstanding shares. The aggregate market value of shares outstanding will not be impacted.
The share splits will apply to shareholders of record as of the market close on December 2, 2025 and are payable after market close on December 4, 2025. Shares will trade at their post-split price effective December 5, 2025. The five Select Sector SPDR ETFs include:
Ticker
Fund Name
Price As Of 11/18/2025
Split
Estimated Post-Split Price
XLK
The Technology Select Sector SPDR® Fund
$279.03
2:1
$139.51
XLY
The Consumer Discretionary Select Sector SPDR® Fund
$224.50
2:1
$112.25
XLE
The Energy Select Sector SPDR® Fund
$91.06
2:1
$45.53
XLU
The Utilities Select Sector SPDR® Fund
$89.22
2:1
$44.61
XLB
The Materials Select Sector SPDR® Fund
$85.52
2:1
$42.76
No action needs to be taken by investors and there are no CUSIP c...
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20.11.25 - 10:01
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Nvidia′s Earnings Beat & Trump Signs Epstein Files Bill | Daybreak Europe 11/20/2025 (Bloomberg)
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On today's show, Nvidia delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector. The world's most valuable company says it expects sales of about $65B in the January quarter - roughly $3B more than analysts predicted.
Stocks futures surged and the Nikkei 225 rose more than 3% after a robust sales forecast from the chip giant.
Bloomberg understands that White House officials are urging members of Congress to oppose a bill limiting Nvidia's ability to sell AI chips to China and other adversary countries.
Bonds traders pared bets for a December rate cut after Fed minutes showed officials preferred to stand pat and the BLS cancelled the release of the October jobs report.
Today's guests: Standard Bank Group Chair Nonkululeko Nyembezi & Marija Veitmane, Head of Equity Research at State Street Global Markets. (Source: Bloomberg)...
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13.11.25 - 13:54
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White House, FTC Turn Up The Heat On Institutional Shareholder Services & Glass Lewis (ZeroHedge)
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White House, FTC Turn Up The Heat On Institutional Shareholder Services & Glass Lewis
Federal scrutiny of proxy-advisory firms and major index-fund managers intensified this week, following reports that the White House is weighing new measures to rein in their growing influence over corporate America, as well as news that the Federal Trade Commission just launched a preliminary investigation into whether these firms violated U.S. antitrust laws by influencing shareholder votes on politically sensitive issues.
On Tuesday, the Wall Street Journal reported that White House officials are discussing an executive order that would restrict proxy-advisory firms such as Institutional Shareholder Services (ISS) and Glass Lewis from certain shareholder-voting recommendations.
These officials are also exploring measures to curb the voting power of large index fund managers such as BlackRock, Vanguard, and State Street, which collectively hold about 30% or more of U.S stocks. One option is to require fun...
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