@StickyRice:Surging Spotify, Pinterest and Alphabet have boosted this social media ETFAn earnings-related pop in shares of Spotify (NYSE:SPOT) gave a lift to the Global X Social Media ETF (NASDAQ:SOCL). The exchange traded fund, which focuses on social media investments, also received a boost from a rally in Pinterest (NYSE:PINS) and Alphabet (GOOG) (GOOGL).SOCL is +3% and has the largest stake amongst any ETF on the market in SPOT and PINS.SPOT, the music and podcast streaming service rallied 15.1% early Wednesday following the release of its quarterly results.SOCL also has a significant holding in PINS, which is +9.1% on the day.SPOT sits as SOCL’s ninth most significant weighting, representing 4.67% of the net assets inside of the ETF. PINS on the other hand is the fund's tenth most prominent posit
@koolgal:McDonald's today announced that it will exit the Russian Market after more than 30 years in operation and has initiated a process to sell its Russian business. McDonald's is pursuing the sale of its entire portfolio of McDonald's restaurants in Russia to a local buyer.As a result of its Russian exit, McDonald's expects to record a charge of approximately USD 1. 2 billion to 1.4 billion to write off its net investment in the market. In the Russian way, McDonald's CEO said "Until We Meet again", not a Good Bye. So perhaps McDonald's maybe back after the war is over. However the good news for investors is that McDonald's reaffirms its prior 2022 outlook with operating margin to be in the 40% range as a result of this exit from Russia. It still expects net restaurant unit expa