The American Reshoring ETF (RSHO) is taking a unique approach to investing in the U.S. manufacturing sector. Created by Maurits Pot, the CEO and founder of Tema ETFs, this fund focuses on industries that are experiencing a resurgence in manufacturing jobs. Rather than following traditional investment strategies, Pot is betting on what he calls “deglobalization”
Finance
The global supply chain for many essential minerals is heavily dominated by China, including tungsten. Tungsten, a metal that is almost as hard as a diamond and possesses a high energy density, is a crucial material in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. Chipmakers like Taiwan Semiconductor
Passion tourism has become a significant trend among Americans, with more and more people traveling overseas to fulfill their personal interests and hobbies. This trend has been highlighted by events such as annual Carnival festivals, total solar eclipses, major sporting events, and most recently, Taylor Swift concerts. According to travel experts, passion tourism is all
The recent Securities and Exchange Commission filing revealed that meme stock trader “Roaring Kitty,” also known as Keith Gill, has acquired just over 9 million shares of Chewy, equaling a 6.6% stake in the pet food e-commerce retailer. This move catapulted him to the position of the third-largest Chewy shareholder, according to FactSet data. With
As the year progresses, there is a possibility of a bullish move for both value and growth stocks in the finance market. Todd Rosenbluth, the head of research at VettaFi, believes that value stocks, which have historically been market laggards, could experience a positive change due to the FTSE Russell’s annual rebalancing event. This rebalancing
JPMorgan Chase and Morgan Stanley made significant announcements on Friday regarding their plans to reward shareholders. JPMorgan, the largest bank in the U.S. in terms of assets, revealed an 8.7% increase in its quarterly dividend to $1.25 per share. Additionally, the bank authorized a new $30 billion share repurchase program. On the other hand, Morgan
Warren Buffett, the renowned investor, made headlines on Friday by making his largest annual donation ever. He donated a staggering $5.3 billion worth of Berkshire Hathaway shares to five different charities, showcasing his commitment to philanthropy. This act of generosity is not new for Buffett, who has been consistently giving back to society through these
Apple’s mixed-reality headset has made its debut in China with a retail price that is approximately 18% higher than in the United States. This discrepancy has sparked conversations among Chinese consumers, with many expressing their opinions on the price difference. One customer, identified only as Chen, suggested that Apple should consider lowering the price of
The CEO of Honor, George Zhao, recently emphasized the crucial role that data protection plays in the development and integration of artificial intelligence technology. In an interview with CNBC, Zhao stated that the transformative power of AI is rendered useless if user data is not adequately safeguarded. This message comes at a time when tech
The recent rally in Chewy shares can be attributed to Roaring Kitty, also known as Keith Gill, who is infamous for his involvement in meme stock trading. By posting a picture on social media that resembled the logo of Chewy, Gill caused a surge in the stock price, with shares jumping as much as 34%