Thursday saw a shift in the market as the S & P 500 and Nasdaq pulled back from their previous record highs. This was triggered by a lower-than-expected inflation report, causing investors to move out of Big Tech stocks and towards smaller-cap names. The consumer price index (CPI) for June dropped to its lowest levels
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Sportsbooks and daily fantasy operators are gearing up for what is expected to be a significant bump in activity during the upcoming Summer Olympics in Paris. This major international sporting event, scheduled to kick off on July 26, will be the first Olympics to take place since the widespread legalization of gambling in the United
China’s endeavor to develop robotaxis has gained momentum, prompting concerns among taxi drivers about their job security in a competitive market. While major players like GM’s Cruise and Alphabet’s Waymo have introduced driverless taxis in the U.S., Chinese cities such as Beijing and Guangzhou have embraced local robotaxi services. The recent surge in popularity of
Wall Street is abuzz with the anticipation of the launch of a new batch of cryptocurrency exchange-traded funds that focus on ethereum. This new development comes as spot ether ETFs are expected to make their market debut in the upcoming week, subject to approval from the U.S. Securities and Exchange Commission. Bitwise Asset Management’s Chief
As the presidential election between President Joe Biden and former President Donald Trump approaches, many investors are feeling anxious about the potential impact on their money. A survey conducted by investment company Betterment found that 57% of investors are nervous about the upcoming election, with 40% expecting to make changes to their investments based on
In 2023, there has been a significant surge in employment scams, with criminals leveraging artificial intelligence to target unsuspecting job seekers. According to experts, consumer reports of job scams increased by 118% from the previous year, highlighting a growing trend of fraudulent activities in the job market. Scammers often pose as recruiters and post fake
Micron Technology is a chipmaker that has been receiving a lot of attention from top-rated Wall Street analysts. Despite recent concerns about a potential economic slowdown, Micron Technology has managed to outperform expectations in the fiscal third quarter. The company’s strong performance can be attributed to the rising demand for artificial intelligence (AI) technology, which
Young, wealthy investors are breaking away from the traditional investment strategies preferred by their parents. Research from Bank of America shows that investors between the ages of 21 and 43 with at least $3 million in investable assets are opting for alternative assets such as hedge funds, private equity, and crypto and digital assets. In
The recent announcement of HBC’s acquisition of Neiman Marcus Group for $2.65 billion marks a significant shift in the luxury retail sector. The merger of these two iconic retailers is a strategic move to create Saks Global, a powerhouse that will encompass Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ flagship stores, and Bergdorf Goodman.
The landscape of women’s soccer ownership is rapidly changing with the increasing interest of private equity investors. Unlike other major U.S. sports leagues, such as Major League Soccer, the National Basketball Association, Major League Baseball, and the National Hockey League, where private equity investors are limited to passive, minority stakes, the National Women’s Soccer League