An advertisement for the cryptocurrency Bitcoin displayed on a tram, May 12, 2021, in Hong Kong. U.S. regulators are soon expected to decide whether to approve the first bitcoin exchange-traded fund, a development that could thrust the once niche and nerdy corner of the internet even further into the financial mainstream. (AP Photo/Kin Cheung, File)
The U.S. for the first time has given the greenlight to almost a dozen exchange traded funds for bitcoins. ETFs give every day investors a way to get in on trading in oil, gold, corporate bonds and now bitcoin without actually having to own a bar of gold, a barrel of oil, or a bitcoin. That means you don't have to find a place to store them. These funds closely track the price of bitcoin and provide an entry for smaller investors into the cryptocurrency, which now cost more than $47,000 each. Following is a list of bitcoin ETFs and their tickers that will begin trading Thursday.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
