Beating the stock market requires knowing something important that others don’t. When I am lucky enough to take advantage of this basic investing truth, I never fear sticking my neck out. I did it with my outlook for 2023, which was followed by my outlook for 2024. Both were pound-the-table bullish – and pretty darned … Read more
Mumbai: The market outlook for next week will be guided by the major domestic and global economic data such as India’s Current Account Q3, India Bank Loan Growth, HSBC Manufacturing PMI of India (Dec), India’s Infrastructure Output, US Fed Balance Sheet, US Initial Jobless Claims, and US ISM Manufacturing PMI. Last week, the market’s benchmark … Read more
A recent US Securities and Exchange Commission (SEC) filing revealed that Elon Musk’s AI company, xAI, raised £4.78 billion ($6 billion) from 97 investors in exchange for equity. The funds will be used to expedite training its powerful AI model, Grok 3, alongside enhancing technology across SpaceX and Tesla. The Grok AI model will likely … Read more
401(k) retirement accounts are among the most powerful investment tools for US workers, given the high annual contribution limits, tax benefits, and free money from employer-matching options. More millennials are tapping into the potential of 401(k) accounts. Fidelity Investments data show that the number of millennials with 401(k) account balances above £798,170 ($1 million) increased … Read more
US-based investment firm Azoria plans to launch an ETF, Azoria 500 Meritocracy ETF (SPXM), which will include all S&P 500 stocks except 36 companies that hire based on diversity, equity and inclusion (DEI) targets rather than employee metrics. The philosophy behind this move is that companies that hire based on race and gender but not … Read more
According to Form 4 filings with the US Securities and Exchange Commission (SEC), Amazon (NASDAQ: AMZN) founder Jeff Bezos offloaded 16.35 million company shares with an aggregate market value of £2.41 billion ($3.048 billion) between 1st and 13th November 2024. Bezos notified the SEC of the massive Amazon share sale on 1st November via a … Read more
According to a 13F filing with the US Securities and Exchange Commission, the Bill & Melinda Gates Foundation Trust reduced its stake in Microsoft (NASDAQ: MSFT) by 17% or 5.93 million shares to 28.957 million shares worth £9.82 billion ($12.46 billion) in Q3. During the same quarter, the Microsoft co-founder also sold 2.48 million Berkshire … Read more
Elon Musk has reached a historic milestone, becoming the first individual to amass a net worth exceeding £314 billion ($400 billion). This leap comes after SpaceX executed a significant insider share sale, boosting the company’s valuation to £275 billion ($350 billion). Musk’s stakes in SpaceX and Tesla remain pivotal to his extraordinary wealth. SpaceX Valuation … Read more
Microsoft (NASDAQ: MSFT) co-founder Bill Gates has long been a proponent of environmental initiatives and a sustainable future. However, according to Walter Isaacson’s 2023 biography of Elon Musk, Gates’ alleged undisclosed short position against Tesla (NASDAQ: TSLA) led Musk to view his actions as hypocritical. A short position is simply betting against the company, and … Read more
Only a few kinds of gifts have the potential to grow in value over time, and one of them is company stocks. If you plan to gift your loved ones this holiday season, offering them stocks you own can be a practical gift that could positively impact the recipients’ finances in the long run. MAI … Read more
