@PRESSmUP, CHPT is on my watch list and would appreciate what you learn from the earnings call. Thanks.

Powell “buried the concept of a soft landing” with his Aug. 26 speech in Jackson Hole, Wyoming, said Diane Swonk, chief economist at KPMG LLP. Now, “the Fed’s goal is to grind inflation down by slowing growth below its potential,” which officials peg at 1.8%.
“It’s a bit like dripping water torture,” added Swonk, who attended the Fed’s annual Jackson Hole symposium last week. “It is a torturous process but less torturous and less painful than an abrupt recession.”

The German branch of Morgan Stanley was searched by prosecutors in Frankfurt in relation to "past activity" on Tuesday, a spokesperson for the U.S. bank said.
...
A large number of banks were involved in the cum-ex deals: In the past few weeks alone there have been raids on the German branches of Barclays and the investment bank Merrill Lynch.

Prosecutors have been investigating the scandal for years, but the inquiry was stepped up last month when a former senior banker from Fortis bank was arrested in Mallorca at the request of Frankfurt prosecutors.

German banks exploited a legal loophole that allowed two parties to claim ownership of the same shares. ... The loophole was closed in 2012, with the means of claiming double ownership banned. ... a German regional court ruling in February [2016] found there was no legal basis for the double claiming of rebates, even before it was banned in 2012

The scheme was built around “cum-ex trading” (from the Latin for “with-without”): a monetary maneuver to avoid double taxation of investment profits that plays out like high finance’s answer to a David Copperfield stage illusion. Through careful timing, and the coordination of a dozen different transactions, cum-ex trades produced two refunds for dividend tax paid on one basket of stocks.
One basket of stocks. Abracadabra. Two refunds.

OK. Thanks for clarifying. I’m somewhat excited about the bargains developing for folks with more than a 2-3 year time horizon. Slow and steady approach as always.

I agree with respect to "Media outlets on both sides", but it seems to me that PBS tends to play things pretty fairly. I'm guessing that others may not agree regarding PBS.

@Crash, ETFdb has been my go-to site for ETFs for years and I noticed a new look and layout only today, 8/29/22 (but not a few days ago when I checked it also) although formally, all this happened in May 2022. Then I got to the bottom of this and that may be too much info for most. Anyway, more explanations follows.
This is an important fund industry (CEFs, OEFs, ETFs) news related to consolidation on 2 fronts.
1. ETF Data & Education. ETFdb (2009- ) is a comprehensive, go-to resource for ETFs. Sister ETFTrend (2005- ) focuses on ETF news, developments and education. ETFdb acquired ETFTrend in 2019.
2. ETF Indexers. Alerian (2004- ) provides indexes for MLP and energy funds. S-Network (1997- ) provides indexes for smart-beta, sector thematic, alternatives and ESG funds. Alerian acquired S-Network in 2020.
Now all of these belong to VettaFi. It is possible/likely that all will retain their identity and names in some form, but their URLs may change eventually. VettFi is a coined/made-up name, and its executives may decide on a unified rebranding at some point (or not).