Nvidia’s recent surge in stock prices is poised to have a significant impact on the Technology Select Sector SPDR Fund (XLK) as it is set to acquire more than $10 billion worth of shares of the chip giant. This acquisition will lead to a major reshuffling of the fund’s holdings, with a considerable reduction in
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The recent decision by the Federal Reserve to keep rates steady has signaled that there will likely be only one rate cut before the end of the year. This poses a challenge for consumers carrying credit card balances as they may not see much relief from the high interest charges. With the average credit card
The soaring demand for weight loss and diabetes treatments has paved the way for Eli Lilly’s unprecedented success in the past year. With CFO Anat Ashkenazi at the helm, the pharmaceutical giant has managed to navigate the windfall in revenue generated by diabetes injection Mounjaro and obesity drug Zepbound. However, despite these accomplishments, Ashkenazi acknowledges
Berkshire Hathaway’s decision to further reduce its stake in BYD, China’s largest electric vehicle maker, is a significant development in the financial world. This move comes after the conglomerate’s initial investment in BYD, thanks to the late Charlie Munger, which proved to be extremely profitable over the years. The recent sell-off involved Berkshire Hathaway selling
Singapore, known for its modern skyscrapers and advanced infrastructure, is also home to some hidden gems in the form of ornate shophouses that dot the streets of its old neighborhoods. These colonial-era buildings, some dating back to the 1840s, are a stark contrast to the contemporary architecture that dominates the city-state. Despite their historical significance
Starboard Value, an activist fund managed by Jeff Smith, has recently acquired a substantial stake in the graphics-design company, Autodesk. The stake is estimated to be around $500 million and Starboard has engaged in discussions with Autodesk’s board regarding several serious concerns related to the disclosure of an internal investigation that resulted in the removal
Disney and Pixar made a significant impact at the box office this past weekend with the debut of “Inside Out 2,” which brought in an estimated $155 million domestically. This marks the second-highest theatrical opening of an animated film, with the first film to achieve this milestone since Warner Bros.’ “Barbie.” Notably, Disney does not
One of the top picks for dividend-paying stocks is Kimberly-Clark (KMB), known for brands like Huggies and Kleenex. The company has a strong track record as a dividend king, having raised dividends for over 50 years. In the first quarter of 2024, Kimberly-Clark returned a significant amount to shareholders through dividends and share repurchases. The
Arkansas Attorney General Tim Griffin’s personal experience of repaying his $100,000 student loan balance over 30 years sheds light on the controversial topic of student loan forgiveness. Griffin has been vocal about his opposition to blanket student loan forgiveness, arguing that it is unfair for responsible borrowers like himself to have their tax dollars cover
In a market where concentration risk is a growing concern for investors, the traditional approach of solely relying on index funds like the S&P 500 may not be the best strategy. Phil McInnis, the chief investment strategist at Avantis Investors, advocates for a more diversified approach that focuses on value-oriented investments. By shifting the focus