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
Legendary investor Warren Buffett’s time-tested value investing strategies set him apart in the investing world. His approach of buying great businesses at low prices for the long term continues to help Berkshire Hathaway stocks navigate market volatility, up 12.86% year-to-date (YTD) and over 91% in the past five years during the pandemic and global conflicts. … Read more
Alana Goyal opened her own VC firm three years ago. Today, she has a total of $99 million under management across three funds, and investments in more than two dozen startups. She has no partners. She works alone. And she’s only 28. Welcome to the age of the 20-something venture capitalist. Goyal is one of … 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
Swedish EV battery manufacturer Northvolt says construction on its $7-billion plant on Montreal’s South Shore will continue, even as the company undergoes a “strategic review” of its activities. The review comes as global demand for electric vehicles has slowed, with both Ford and General Motors saying they would scale back their production of electric vehicles. … Read more
Many Wall Street fund managers know only to play offence, pushing up stock targets even when economic indicators signal otherwise. Many stock analysts recommend the “buy and hold” strategy despite obvious signs of impending market upheavals, such as a recession or high inflation. Convincing clients to “hold” on to their “offence only” assets ensures a … Read more
Palantir Technologies (NYSE: PLTR) is a leading provider of AI software systems that enable machine-assisted and human-driven data analysis for enterprises across industries. It creates data fusion platforms such as Palantir Artificial Intelligence Platform (AIP) and Palantir Foundry to enhance big data analytics. The stock has gained over 52% year-to-date (YTD) and 8.06% in the … Read more
Volkswagen Group plans to enter a joint venture (JV) with US-based EV startup Rivian to leverage the latter’s electronic control units (ECU) architecture and software stack to create an industry-leading software-defined vehicle (SDV) technology platform. As part of the strategic partnership, Volkswagen will initially invest $1 billion in Rivian and an additional $4 billion by … 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
