Finance
Tidal Financial Group Announces Name Changes and Enhanced Options Strategies for Defiance ETFs
NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) — Tidal Financial Group is pleased to announce upcoming changes effective September 26, 2024, to enhance the offerings of three Defiance ETFs:
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The Defiance Nasdaq 100 Enhanced Options Income ETF will be renamed the Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF.
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The Defiance S&P 500 Enhanced Options Income ETF will be renamed the Defiance S&P 500 Enhanced Options & 0DTE Income ETF, with a new ticker symbol WDTE.
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The Defiance R2000 Enhanced Options Income ETF will be renamed the Defiance R2000 Enhanced Options & 0DTE Income ETF.
These changes reflect each Fund’s adoption of options expiring on the same day (0DTE). Additionally, effective immediately, each Fund’s principal investment strategy is revised to seek to provide weekly distributions. As a result, all references in the prospectus and SAI to monthly distributions are hereby changed to weekly distributions. Additionally, each Fund will seek a minimum daily income of 0.15%, with all references in the prospectus to seeking a minimum daily income revised accordingly. As part of these updates:
About Defiance ETFs
Founded in 2018, Defiance is a leading ETF sponsor specializing in income and thematic investments. Defiance offers pioneering thematic ETFs that empower investors to capitalize on disruptive innovations across sectors such as AI, machine learning, quantum computing, 5G, and hydrogen energy.
About Tidal Investments LLC
Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation. The firm is on a mission to provide issuers with the intelligence and tools needed to efficiently and to effectively launch ETFs and to optimize growth potential in a highly competitive space. For more information, visit https://www.tidalfinancialgroup.com/.
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit our website at www.daysadvisors.com. Read the prospectus or summary prospectus carefully before investing.
Investments involve risk.
The Fund is distributed by Foreside Fund Services LLC.
CONTACT: Contact Gavin Filmore at gfilmore@tidalfg.com for more information.
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Finance
Brazil Finance Chief Says Severe Weather Risks Fanning Inflation
(Bloomberg) — Brazil Finance Minister Fernando Haddad said the government is worried a resurgence in extreme weather will spur inflation as central bankers are expected to lift the interest rate starting next week.
Most Read from Bloomberg
The nation’s persistent dry spell can stoke food and energy price increases, Haddad told reporters in Brasilia on Wednesday. At the same time, such cost rises are not easily controlled with borrowing cost hikes, he said.
“The central bank has the technical framework to make the best decision,” Haddad said. “We’ll wait for next week’s monetary policy decision.”
Latin America’s largest economy is on alert as the worst drought in 40 years keeps wildfires burning and puts crops and energy supply at risk. Those woes complicate the outlook for the central bank, which is under pressure to start rate hikes Sept. 18 in response to above-target consumer price gains. The government has consistently decried high borrowing costs as an impediment to faster growth.
From May through August, some key agriculture areas faced the driest weather since 1981, according to natural disaster monitoring center Cemaden. The lack of rainfall poses risks for crop supplies in a world that’s become increasingly dependent on Brazil for everything from sugar to coffee and soybeans.
Brazil’s government will raise its 2024 economic growth projection, Haddad said, adding that gross domestic product should expand above 3% this year.
Analysts surveyed by the central bank expect policymakers to lift the benchmark Selic to 11.25% in December from its current level of 10.5%.
Most Read from Bloomberg Businessweek
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Finance
Could Generational Change Be The Next Wild Card For Financial Services? | PYMNTS.com
![Could Generational Change Be The Next Wild Card For Financial Services? | PYMNTS.com Could Generational Change Be The Next Wild Card For Financial Services? | PYMNTS.com](https://www.pymnts.com/wp-content/uploads/2024/08/eBook-Franklin-Madison-economic.jpg)
Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.”
Has unpredictability become the new normal? Stock market fluctuations, shifting consumer behavior and rising unemployment are coming together to create a complex operating environment. Some might call it a perfect storm.
Others might see it as a challenge — the kind that breeds resilience and illuminates opportunities for change.
What to Prepare for as We Wrap Up 2024
As a provider of insurance programs to banks and credit unions, we’re always looking ahead. We’re keeping our eyes out for any market changes that might make waves for insurance and financial institutions.
One topic that’s been hotly debated since the pandemic is the possibility of a recession. Even if we aren’t officially in a recession, consumer perception of the economy matters. Right now, as many as 3 in 5 Americans think the U.S. is in a recession. A perceived recession, coupled with stressors like volatility in the S&P 500 and increased unemployment, can cause spending to take a hit.
Economic Factors to Watch
Interest rates: Rising rates have increased the cost of debt over the last few years, pumping the brakes on home and auto loans and traditional revenue streams for financial institutions. Though the Fed recently signaled a rate decrease, it is unlikely to result in material changes in lending markets. Now, there’s more focus on generating non-interest income. For Franklin Madison, the need for non-interest income creates opportunity since financial institutions have a greater appreciation for insurance commissions generated from our programs to replace lost income.
Inflation: The costs associated with the direct mail marketing of our programs — paper, ink and postage — have increased by more than 30% over the last three years. Addressing this wild card continually requires cost management and innovation. Successfully integrating a full-suite digital platform with our direct mail has enabled us to produce better results while keeping costs down as we see inflation return to historical norms.
Unemployment: Though the unemployment rate has risen to over 4% from historical lows, it’s unclear if the trend will continue. Increased unemployment typically is a lagging indicator of a looming recession. Insurance and protection products tend to be in high demand during times of uncertainty.
Along with shifts in the economy, we’re also tracking consumer behavior:
Generational needs: Credit unions have seen generational needs changing as members age and younger people look for new solutions. For us, this creates an opportunity to help credit unions become more member-centric by offering in-demand products. As a recent PYMNTS Intelligence report found, 44% of consumers want to buy insurance products from their financial institution.
Introducing new insurance products can speak to generational needs, as well as life circumstances. We now offer an entire suite of supplemental insurance, including products such as cyber insurance, to address emerging risks like cyberattacks.
Flexibility: Our Key to Navigating Wildcards
There’s no doubt that things change fast in our industry. We stay flexible in choosing the insurance carriers we work with and the products we provide. We also adapt by leveraging AI to create consumer-centric solutions. Our flexibility comes from the top down and extends to our diverse workforce, cultivating a company-wide culture of adaptability. This approach positions us to thrive, no matter the wild cards that come our way.
![](https://www.pymnts.com/wp-content/uploads/2024/04/2024-04-Banner-PYMNTS-NL.gif)
Finance
Jonesboro presents Capital Improvement Plan to finance committee
![Jonesboro presents Capital Improvement Plan to finance committee Jonesboro presents Capital Improvement Plan to finance committee](https://gray-kait-prod.cdn.arcpublishing.com/resizer/v2/BNWVZMBVCJCORPQ2VTYVT4FAUQ.bmp?auth=e0db6698a8c64b3b91f91976f6ca93658d45a11f1e9b904fbf60fe8e47300814&width=1200&height=600&smart=true)
JONESBORO, Ark. (KAIT) – The city of Jonesboro presented its plan to improve the lives of residents in the city to the Finance Committee on Tuesday, Sept. 10.
The Finance Committee’s agenda included a resolution to begin the formal pricing process for future bond ordinance legislation.
It was forwarded to the city council.
Jonesboro Chief Administrative Officer Brian Richardson said the investment plan would be funded through a revenue bond.
“It is simply taking a revenue stream that we already receive that the state allows to allocate that money towards future debt. The revenue bonds come from franchise fees that businesses pay to the city of Jonesboro,” he said.
What exactly is in this Capital Investment Plan?
Just over $25.5 million was to be invested over the next three years in several projects. The plan was tabled earlier this year.
Richardson said there were a few changes between this plan and the old one.
“So we took that that feedback, and really spent a lot of time developing and adding more and more detail to the proposed expenditures to”
Some of the biggest projects in the plan include:
· $6.5 million investment in a facility that will be next to the police department that will house E-911 service.
· $6 million to expand South Caraway Road to five lanes from I-555 to Fox Meadow Lane
· $5 million in trail connections.
· $2 million for a new sidepath on Race Street from Red Wolf Boulevard to Browns Lace.
· $250,000 for sidewalks and lighting.
· $3.25 million for aquatic and pool construction.
· $1 million for a Parks Master plan implementation.
· $500,000 for humanitarian outreach.
· $250,000 for upgrades at The Forum.
· $750,000 for a city-wide master growth plan.
· $250,000 for Land Bank & Development Incentives.
The city wants a revenue bond to fund $17.5 million of the projects and $8.25 million in ARPA (American Rescue Plan Act) fund to fund the projects.
The total cost would be $25.75 million.
Richardson said safety was a reason why they wanted to bring the plan forward now.
“The earlier that we start the process, the sooner these projects are done, the sooner that we can get pedestrian infrastructure on South Caraway Road, the better chance we have it saving a life out there,” he said. “We want to make sure that we build the quality of life in Jonesboro.”
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Copyright 2024 KAIT. All rights reserved.
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