According to the alternative data platform Quiver Quantitative, replicating Nancy Pelosi’s stock trades would have yielded returns exceeding 720% since May 2014. Despite these impressive returns, the former House Speaker continues to face criticism for alleged insider trading and the potential introduction of new trade ban rules for Congress members. Many have speculated that the … Read more
The S&P 500 index, created in 1957, is the top indicator of the overall health of the US stock market. The index tracks the performance of the largest 500 companies that cover 80% of US equities by market cap. The S&P 500 jumped over 18% year-to-date and may climb higher soon. During presidential election years … Read more
Anthony Scaramucci, founder of New York-based investment firm SkyBridge Capital, said in a CNBC interview this week that Bitcoin is on track to almost double from current levels despite the 17% decline over the past month. Scaramucci is known for his long-time bullish outlook on Bitcoin. He believes it is a “store of value asset,” … Read more
More people are increasingly paying attention to retirement planning, as older millennials near 45 and GenZ are starting serious financial planning earlier, with some planning to retire by 60. The growing trend of more conscious spending and saving for the future amid looming risks of Social Security benefits reductions within a decade has led to … Read more
Amazon founder Jeff Bezos will sell 25 million company shares worth nearly $5 billion, according to a July 2, after-market hours regulatory filing with the US Securities and Exchange Commission. The stock price reached a record high of $200.20 on the same day. In February, Bezos sold almost $8.5 billion worth of Amazon shares. The … Read more
Hedge fund manager Eric Jackson has made a bold prediction regarding Nvidia’s stock performance, forecasting that it will reach $250 per share by the end of the year. This projection implies a potential upside of over 100% from its current trading levels, positioning Nvidia to achieve a remarkable $6 trillion valuation. Jackson, who utilises a … Read more
Nvidia is one of the world’s biggest companies, with a market capitalisation of $3.11 trillion. The Nvidia stock returned a phenomenal 282,884% in total returns since its 1999 IPO or 36.8% in average annual returns over the last 25 years. The chipmaker’s massive leap into powering AI engines and growing demand for graphics processing units … Read more
