Giannis Antetokounmpo and the Milwaukee Bucks face Donovan Mitchell and the Cavaliers at 7 ET on Peacock.
Enjoy the best of Monday’s slate with the NBA.com live blog, featuring all of the meaningful moments, performances, observations, news,…
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iOS 26.2 Side button virtual assistant settings were actually meant for Japan – AppleInsider
- iOS 26.2 Side button virtual assistant settings were actually meant for Japan AppleInsider
- Apple may finally let users switch from Siri to another voice assistant Macworld
- iOS 26.2 Will Let Some iPhone Users Replace Siri With a Third-Party…
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SEC approves Dimensional Fund Advisors launch of ETF share class for 13 mutual funds
Nov 17 (Reuters) – The U.S. Securities and Exchange Commission cleared the way for Dimensional Fund Advisors to launch an exchange-traded fund share class on 13 of its existing mutual funds, according to a notice on the regulator’s website late on Monday afternoon.
This removes the last remaining hurdle facing DFA in its bid to become the first new player to offer ETF share classes of existing mutual funds in more than two decades, and is likely to clear the way for approval of dozens of similar applications by other asset managers.Sign up here.
Vanguard, the first and so far the only asset manager to offer an ETF share class ranking alongside similar mutual fund share classes aimed at institutional or retail clients or financial advisors, had a 20-year patent on the product that expired in 2023. DFA rapidly followed the expiry of that patent with its SEC application, which received preliminary approval at the end of September.DFA had sought the green light to offer a share class option on 13 of its existing mutual funds, although an individual familiar with the application said the firm is not likely to forge ahead with all of these at once and that the first launches may not happen until early 2026.
The move will “deliver meaningful benefits to mutual fund shareholders,” said Eric Pan, president and chairman of the Investment Company Institute, an industry group.
Advocates of the initiative, ranging from industry groups to asset managers hoping to grab a larger share of the rapidly growing ETF market, have pushed for the measure as a way to offer lower-cost and potentially more tax-efficient ways to access existing mutual funds since the issuers could pool operating and distribution costs.“Share classes allow investors to choose the investment strategy that best suits their needs as a first-order consideration, and then select their ideal wrapper to access that strategy,” Gerard O’Reilly, co-CEO and co-CIO of DFA, said in a press release.
Reporting by Suzanne McGee; Editing by Lincoln Feast.
Our Standards: The Thomson Reuters Trust Principles.
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The Apple Designer Who Introduced the iPhone Air Leaves the Company
The Apple Inc. designer who helped develop the iPhone Air — and even starred in its introduction video — has left, marking the latest setback for the company’s design group.
Abidur Chowdhury, an industrial designer, recently departed the…
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Reclassifying wine intake reshapes the Mediterranean diet’s cognitive impact
Scoring wine as a benefit in Mediterranean diet tools may blur important diet–cognition patterns, while reverse scoring reveals modest links with better cognitive screening scores in older adults at high risk of dementia.
Study:
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Nikkei 225, Nifty 50, Kospi
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles
George Pachantouris | Moment | Getty Images
Asia-Pacific markets were poised to fall Tuesday, following a tech-led slide on Wall Street.
Japan’s benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 49,925 and the one in Osaka at 49,810 against the index’s last close of 50,323.91.
Futures for Hong Kong’s Hang Seng index stood at 26,178, lower than its last close of 26,384.28.
Australia’s benchmark S&P/ASX 200 fell 0.76%.
Overnight in the U.S., stocks pulled back, plagued once again by declines in tech, as Wall Street awaited key releases this week, including Nvidia earnings and the September jobs report.
The Dow Jones Industrial Average lost 557.24 points, or 1.18%, to close at 46,590.24, as losses in the artificial intelligence chip darling, along with Salesforce and Apple, pushed the blue-chip index lower. The S&P 500 sank 0.92% to end the day at 6,672.41, while the Nasdaq Composite tumbled 0.84% to settle at 22,708.07.
Nvidia dropped almost 2% ahead of the company’s third-quarter results, which are scheduled for after the bell on Wednesday. The chipmaker and other names in the AI trade were under pressure recently as investors grew anxious about stretched valuations. Blue Owl Capital, a private credit lender, shed nearly 6% amid concerns about its heavy lending tied to the AI data center buildout.
— CNBC’s Sean Conlon and Fred Imbert contributed to this report.
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‘Sense and Sensibility’ Lands September 2026 Release
Filmmaker Georgia Oakley’s big screen adaptation of Jane Austen’s classic novel Sense and Sensibility — starring Daisy Edgar-Jones as one of the Dashwood sisters — has landed a prime fall film festival release…
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Nickel is detected in an interstellar comet, confusing NASA
Astronomers have spotted nickel gas streaming from comet 3I/ATLAS, an interstellar object, a body from outside our solar system, while it was still far from the Sun.
In a new study, researchers used the Very Large Telescope in Chile to catch the…
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‘Romy & Michele: The Musical’ to close off Broadway
Romy & Michele: The Musical has set an Off-Broadway closing date of November 30. At the time of closing, the show will have played 55 total performances at Stage 42.
Tony Award nominee Laura Bell Bundy and Kara Lindsay star as Romy White and…
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MikeCheck: Grizzlies boosted by Edey impact, burdened by critically limited guard depth – NBA
- MikeCheck: Grizzlies boosted by Edey impact, burdened by critically limited guard depth NBA
- Grizzlies’ Ja Morant (calf) out at least 2 weeks Reuters
- Update on the status of Grizzlies point guard Ja Morant Daily Memphian
- Grizzlies’ Ja Morant…
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