Millennials seem to be jumping on board with exchange traded funds, or ETFs. Rob Nestor is the head of iShares Beta ETF at BlackRock and he joins Cheddar to explain why millennials and others are jumping on this trend.
BlackRock recently conducted an ETF pulse survey and found that millennials and silvers are the most keyed into the ETF trend. Boomers are missing out and Nestor believes that is partly to do with lack of education.
According to the survey, 1 in 3 investors use ETFs now, that is up from 1 in 4 investors from last year. The growth of ETF ownership has gone up 31% this year, that is up from the 25% increase last year.
According to an EU tax watchdog, a 2021 agreement aimed at weakening tax havens and getting multinational corporations to pay minimum tax has been weakened by loopholes.
JetBlue officials say a plane rocked back with its nose pointed skyward after landing at New York's John F. Kennedy International Airport because of a shift in weight on the aircraft.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we highlight Rivian, Costco, Nokia, Wyndham Hotels & Resorts, Choice Hotels and Rite Aid
