Rayliant Quantamental China Equity ETF (ARCA: RAYC)

Latest news for Rayliant Quantamental China Equity ETF (ARCA:RAYC)

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The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities of issuers based in China. The equity securities in which it primarily invests are common stock, preferred stock, ADRs, and REITs. The fund may invest in securities of companies with any market capitalization. It may also invest in ETFs to equitize cash, and engage in securities lending. From time to time, the fund may focus its investments in a particular sector, such as the financials or consumer discretionary sector. It is non-diversified.

Kweichow Moutai Co Ltd A

Ping An Financials

Byd Co Ltd -a

Rayliant Quantamental China Equity ETF

News

ABBV

CHMP Recommended Granting Marketing Authorization For Elahere For The Treatment Of Adults With Ovarian Cancer, Fallopian Tube Cancer, Or Primary Peritoneal Cancer

Baird analyst Eric Coldwell maintains Icon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLR#NASDAQ">ICLR</a>) with a Outperform and lowers the price target from $368 to $340.

Price Target

Analyst Ratings

ICLR

Baird Maintains Outperform on Icon, Lowers Price Target to $340

Macy&#8217;s, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) disclosed plans to hire more than 31,500 full- and part-time seasonal positions this upcoming holiday season at its Macy&#8217;s, Bloomingdale&#8217;s, and Bluemercury stores,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40947705/macys-inc-gears-up-to-hire-for-more-than-31-500-seasonal-positions-to-deliver-joyful-holiday-shopp" rel="noreferrer noopener"> as well as its distribution centers</a>.
Macy&#8217;s offers several convenient hiring experiences for candidates, including an online application process that takes as little as five minutes, with most job offers made within 48 hours.
Additionally, the company is holding four nationwide in-person holiday hiring events at all stores and supply chain locations. Times may vary by location.
Danielle Kirgan, Macy&#8217;s, Inc. chief human resources and corporate affairs officer, said, &#8220;We are excited to add more than 31,500 seasonal positions to help us welcome and serve our customers during the holidays.&#8221;
&#8220;Whether they are looking for extra income for the season or the start of a new career in retail, we offer an unmatched culture, competitive pay and fulfilling career opportunities.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40510353/macys-strong-earnings-tempered-by-weak-sales-but-analysts-see-green-shoots-emerging" rel="noreferrer noopener">Macy&#8217;s Strong Earnings Tempered By Weak Sales, But Analysts See &#8216;Green Shoots&#8217; Emerging</a>
Other major U.S. retailers are also stepping up their holiday game. Recently, Target also announced its intention to recruit <a target="_blank" href="https://www.benzinga.com/news/24/09/40878577/target-set-to-recruit-100k-seasonal-employees-despite-anticipated-slow-holiday-sales" rel="noreferrer noopener">approximately 100,000 seasonal employees</a>.
Apart from this, this month,&nbsp;Bath &amp; Body Works also disclosed plans to hire 30,000 seasonal employees.
Investors can gain exposure to Macy&#8217;s via Invesco S&amp;P Midcap 400 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFV#NYSE">RFV</a>).
Price Action: M shares are trading higher by 0.07% at $15.34 premarket at the last check Friday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40954193" target="_blank" rel="noreferrer noopener">Salesforce CEO Marc Benioff Slams Microsoft&#8217;s Copilot, Compares It To Failed &#8216;Clippy&#8217; Assistant: &#8216;…Like We&#8217;re Selling Science Projects To Companies&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Large Cap

Management

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

Holiday Opportunity: Macy's Plans To Hire 31,500 Seasonal Workers

Baird analyst Eric Coldwell maintains Charles River (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) with a Neutral and lowers the price target from $191 to $190.

Baird Maintains Neutral on Charles River, Lowers Price Target to $190

Keybanc analyst Austin Wurschmidt maintains American Healthcares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) with a Overweight and raises the price target from $27 to $28.

Keybanc Maintains Overweight on American Healthcares, Raises Price Target to $28

Baird analyst Garrett Holland maintains FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) with a Outperform and lowers the price target from $340 to $320.

Baird Maintains Outperform on FedEx, Lowers Price Target to $320

Aurora Cannabis Reveals Appointments Of CEO Miguel Martin To Additional Role Of Executive Chairman And Outgoing Chairman Ron Funk As Lead Independent Director; Appointments Follow Unanimous Votes By Aurora's Board And Are Effective Immediately

Under the agreement, Microsoft will purchase energy from the renewed plant as part of its goal to help match the power its data centers in PJM use with carbon-free energy.
Constellation signs its largest-ever power purchase agreement with Microsoft, a deal that will restore TMI Unit 1 to service and keep it online for decades; add approximately 835 megawatts of carbon-free energy to the grid; create 3,400 direct and indirect jobs and deliver more than&nbsp;$3 billion&nbsp;in state and federal taxes

Constellation Signs 20-year Power Purchase Agreement With Microsoft That Will Pave The Way For Launch Of Crane Clean Energy Center And Restart Of Three Mile Island Unit 1

Baird analyst Robert Mason initiates coverage on Advanced Energy Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEIS#NASDAQ">AEIS</a>) with a Outperform rating and announces Price Target of $128.

Initiation

AEIS

Baird Initiates Coverage On Advanced Energy Indus with Outperform Rating, Announces Price Target of $128

JMP Securities analyst Aaron Hecht maintains American Healthcares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) with a Market Outperform and raises the price target from $18 to $30.

JMP Securities Maintains Market Outperform on American Healthcares, Raises Price Target to $30

VSTO

MNC Capital Says Committed To Re-engaging With Vista Outdoor; Says Not Withdrawing, And Does Not Intend To Reduce, Its $43 Per Share All-Cash Offer

Sable Offshore Entered Into Subscription Agreements To Issue 7.50M Shares Of Its Common Stock In A Private Placement To Institutional Investors; Company Expects To Receive Gross Proceeds Of Approximately $150M

This firm-fixed price contract is worth up to&nbsp;$99.80 million&nbsp;over five years and simplifies and expedites the ability for services to access the existing capabilities within Maven Smart System. Maven Smart System is part of the National Geospatial-Intelligence Agency&#39;s Maven AI infrastructure.

Contracts

PLTR

Palantir Says Awarded Contract  By DEVCOM Army Research Laboratory Expanding Maven Smart System Access Across Military Services; Firm-fixed Price Contract Is Worth Up To $99.80M

Wedbush analyst Nick Setyan maintains Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) with a Outperform and raises the price target from $170 to $200.

Wedbush Maintains Outperform on Darden Restaurants, Raises Price Target to $200

Nutriband abuse-deterrent transdermal technology consists of a proprietary aversive agent coating that employs taste aversion to deter the oral abuse of and accidental exposure to transdermal opioid and stimulant patch products

NTRB

Nutriband Signs Trademark Licensing Agreement For Bitrex Brand Denatonium Benzoate, As An Aversive Agent For Its Aversa Fentanyl Abuse Deterrent Fentanyl Transdermal Patch

The appointment will support Wessex Water in delivering its planned &pound;3.7 billion investment between 2025-2030 in a wide range of improvements for its 2.9 million customers across the South West of England, including improved wastewater treatment, enhancing the environment and ensuring the availability of water.

AECOM Says It Has Been Awarded First Place On The Design Consultant Lot Of Wessex Water's New Capital Delivery Framework

Needham analyst Scott Berg reiterates Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Buy and maintains $345 price target.

Reiteration

Needham Reiterates Buy on Salesforce, Maintains $345 Price Target

Microsoft Corp.&nbsp;co-founder Bill Gates&#8216; ex-wife Melinda French Gates has openly criticized CEOs who <a href="https://www.benzinga.com/markets/emerging-markets/21/11/24163784/sleep-the-core-of-a-healthy-life-and-more-companies-are-promoting-it-for-their-employees">boast about not needing sleep</a>, calling the trend &#8220;so dumb.&#8221;
What Happened: French Gates dismissed the glorification of sleepless nights among executives, in an <a href="https://www.vanityfair.com/style/story/melinda-gates-interview-politics">interview</a> with Vanity Fair. She argued that this behavior is rooted in a misguided machismo and puritan work ethic that values overworking.
French Gates, who left the Bill and Melinda Gates Foundation this past spring, has since donated $1 billion to women&#8217;s rights and reproductive rights groups. She also criticized other billionaires, including Elon Musk, for their lack of philanthropic efforts.
She emphasized the importance of sleep, noting that many men who claim to sleep only three or four hours are not pleasant to be around. French Gates herself aims for seven to eight hours of sleep each night.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40917216/elon-musk-says-warren-buffett-is-positioning-for-kamala-harris-win-with-his-277b-cash-pile-as-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Warren Buffett Is Positioning For Kamala Harris Win With His $277B Cash Pile As Pro-Trumper John Paulson Warns Of Equity Market Exit</a>
Why It Matters: French Gates&#8217; comments come amid her broader push for <a href="https://www.benzinga.com/news/24/09/40826726/melinda-gates-reveals-substantial-donations-to-kamala-harris-tim-walz-campaign-says-her-billionaire">social change and philanthropy</a>. Recently, she revealed substantial donations to political campaigns, including those of Vice President and Democratic presidential nominee&nbsp;Kamala Harris&nbsp;and her running mate,&nbsp;Tim Walz&nbsp;(D-Minn.), emphasizing her commitment to women&#8217;s rights and reproductive health.
Since her divorce from Bill Gates, French Gates has <a href="https://www.benzinga.com/news/24/09/40852306/melinda-french-gates-embraces-independence-post-divorce-from-bill-gates-it-feels-quite-good">embraced her independence</a> and newfound professional autonomy. She feels validated in her contributions and has expressed a sense of empowerment in her philanthropic endeavors.
Her criticism of sleepless CEOs also aligns with her broader <a href="https://www.benzinga.com/news/24/08/40152510/bill-ackman-hits-back-at-melinda-gates-advocates-elon-musks-for-profit-solutions-over-philanthropy-g">critique of billionaire philanthropy</a>. French Gates has previously criticized Bill Ackman and Musk for their approaches to philanthropy, arguing that more traditional philanthropic efforts are necessary to address societal issues.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama-Era Economist Says She Is &#8216;Pleasantly Surprised&#8217; That JD Vance Thinks The &#8216;Economy Is Too Strong For The Rate Cut&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Entrepreneurship

Global

Tech

Bill Gates' Ex-Wife Melinda French Gates Slams Admiration For Sleepless CEOs As 'So Dumb'

On Thursday, September 19, U.S. markets closed higher following the Federal Reserve&#8217;s 50-basis-point rate cut, which also signaled potential further reductions.
Fed Chair Jerome Powell downplayed recession risks, while analysts remained hopeful for a soft landing amid inflation control efforts. Tesla, Apple, Meta, and Nvidia saw gains, supported by better-than-expected jobless claims and renewed market optimism.
According to economic data, the U.S. reported a Q2 current account deficit of $266.8 billion, exceeding estimates of $260 billion. Initial jobless claims fell by 12,000 to 219,000 for the week ending September 14, beating expectations of 230,000.
Most S&amp;P 500 sectors closed positively, led by consumer discretionary, communication services, and information technology stocks. However, consumer staples and utilities stocks diverged, closing the session lower.
The Dow Jones Industrial Average was up 1.26% and closed at 42,025.19. The S&amp;P 500 ended the day higher by 1.70% at 5,713.64, and the Nasdaq Composite rose 2.51%, finishing the session at 18,013.98.
Asian Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 closed the session higher by 1.67% at 37,739.50, led by gains in the Automobiles &amp; Parts, Power and Rubber sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 ended the day higher by 0.21% at 8,209.50, led by gains in the Consumer Discretionary, Gold, and IT sectors.</li>
<li>India&#8217;s Nifty 50 rose 1.58% to 25,816.85, while the Nifty 500 rose 1.55% to 24,223.10.</li>
<li>China&#8217;s Shanghai Composite closed higher by 0.03% at 2,736.81, and Shanghai Shenzhen CSI 300 was up 0.16%, ending the day at 3,201.05.</li>
<li>Hong Kong&#8217;s Hang Seng rose 1.36%, ending the day at 18,258.57.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index declined 0.91%.</li>
<li>Germany&#8217;s DAX was down 0.98%.</li>
<li>France&#8217;s CAC fell 0.89%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.74%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.82% at $70.58/bbl, and Brent was down 0.81% at $74.28/bbl.</li>
<li>Natural Gas was down 0.21% at $2.343.</li>
<li>Gold was trading higher by 0.74% at $2,633.50, Silver gained 0.32% to $31.523, and Copper rose 0.33% to $4.3615.</li>
</ul>
US Futures at 06:00 AM ET
Dow futures were down 0.01%, S&amp;P 500 futures fell 0.24%, and Nasdaq 100 Futures slid 0.39%.
Forex at 06:00 AM ET
<ul>
<li>The U.S. dollar index rose 0.16% to 100.78, the USD/JPY rose 0.88% to 143.88, and the USD/AUD gained 0.08% to 1.4688.</li>
<li>Global stocks neared record highs, fueled by the Fed&#8217;s rate cut, while the yen weakened after Japan&#8217;s central bank held rates. European stocks fell, and U.S. markets remained optimistic. Gold hit a record, and oil posted weekly gains.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Markets Advance, Europe Edges Lower And Gold Clocks New High At $2,630 – Global Markets Overview

California-based EV startup Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has added the &#8220;Tri Max&#8221; version of its R1S SUV, priced at about $100,000, to its online shop.
What Happened: &#8220;R1S Tri is here to elevate every adventure,&#8221; the company wrote in a post on social media platform X. The R1S Ascend Tri Max is a pricier version of the R1S SUV which starts at $105,900. The cheapest variant of the R1S SUV, in comparison, starts at $75,900.
Unlike the cheaper dual-motor variants of the vehicle, the Tri Max variant can touch 60 mph from rest in less than 3 seconds, thanks to the two motors in the rear and one in front. The vehicle can deliver 850 hp power and an estimated range of 371 miles. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">R1S Tri is here to elevate every adventure. Built for the wild and proves rugged doesn't have to mean roughing it. Get first access to Storm Blue exterior: <a href="https://t.co/KFLZhYaUdO">https://t.co/KFLZhYaUdO</a> <a href="https://t.co/fohksjV1E0">pic.twitter.com/fohksjV1E0</a>
&mdash; Rivian (@Rivian) <a href="https://twitter.com/Rivian/status/1836921265849811042?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Rivian is yet to add the Tri Max variant of its R1T truck to its inventory. The R1T Tri Max variant starts at $99,990, significantly higher priced than the cheapest variant which starts at just $69,900. 
Rivian currently <a href="https://www.benzinga.com/news/24/08/40574576/rivian-or-lucid-which-of-the-two-loss-making-ev-startups-is-solving-cash-burn">makes only the R1T and the R1S</a>. Its R2 SUV, priced at around $45,000, is slated to start production in the first half of 2026.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40934031/teamsters-opts-to-not-endorse-either-harris-or-trump-for-upcoming-presidential-elections-citing-fail" target="_blank" rel="noreferrer noopener">Teamsters Opts To Not Endorse Either Harris Or Trump For Upcoming Presidential Elections, Citing Failure To Secure Pledges Of Non-Interference In Union Campaigns</a></li>
</ul>
Photo courtesy: Shutterstock

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Rayliant Quantamental China Equity ETF

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Latest news for Rayliant Quantamental China Equity ETF (ARCA:RAYC)