In a recent ruling, a federal court struck down the Securities and Exchange Commission’s rule requiring mutual funds to disclose fees in certain shareholder reports. The court found that the SEC overstepped its authority by mandating the disclosure of so-called “marketing fees” in these reports. This decision is seen as a victory for mutual fund companies, who argued that the rule was burdensome and unnecessary.
Source link
D-Wave Quantum Stock Rises 14% Today
Shares of D-Wave Quantum (NYSE: QBTS) surged 14% on Thursday, contrasting with a flat S&P 500 and a 0.4% gain in the Nasdaq Composite. This increase followed Rigetti Computing's announcement of selling two Novera quantum systems for a combined $5.7 million, signaling a positive outlook for the quantum market and boosting investor confidence in D-Wave. Want More Context? 🔎
Read more