The recent uptick in money flowing into small-cap stocks may not be solely a result of a rotation from winning growth trades, according to Dave Nadig, an ETF journalist and financial futurist. In fact, Nadig believes that investors are simply diversifying their portfolios by “just buying, buying, buying.” This trend towards diversification is seen as
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As Societe Generale (OTC:SCGLY) strategists issued a warning to growth-focused investors about the possibility of a bubble burst in the US technology sector, they highlighted the significant market capitalization of US Tech within the S&P 500. The banking giant pointed to the recent surge in smaller stocks contrasted with a decline in larger tech companies,
As earnings season gets underway, the tech sector is facing some significant challenges. Over the past week, the S&P 500’s technology sector has experienced a nearly 6% decline, resulting in a loss of around $900 billion in market value. This comes as expectations of interest rate cuts and the upcoming presidential election have caused investors
The recent U.S. plan to utilize Japanese factories in order to ramp up the production of Patriot air defense missiles, essential in protecting against Russian attacks in Ukraine, has hit a roadblock. A critical component shortage, manufactured by Boeing, is causing delays in the expansion of production. The seekers, which guide the missiles in the
Wall Street’s main indexes took a hit recently due to a sell-off driven by tech stocks and mixed earnings reports. The sell-off was further intensified by a global cyber outage that affected CrowdStrike’s shares, causing them to drop to an over two-month low. This incident had a domino effect on tech giant Microsoft as well,
The cybersecurity firm CrowdStrike experienced a significant decline in shares following a major outage that affected businesses globally. The outage was a result of a defect found in a content update for Windows hosts, causing a multitude of different websites to go down, grounding planes and disrupting TV broadcasts. Shares of CrowdStrike plummeted 15% in
The U.S. stock index futures showed a slight rise in evening deals, indicating a shift away from heavyweight technology stocks. While there was a slight recovery in stock futures, the sentiment remained fragile due to recent underwhelming earnings from Netflix Inc. The uncertainty surrounding U.S. politics, with calls for President Joe Biden to withdraw his
The recent volatility in U.S. and Asian chip stocks has been largely driven by concerns over tighter curbs on exports of advanced chip technology to China. This article will delve into the impact of these trade concerns on the performance of chip stocks in different regions. The Philadelphia semiconductor index experienced choppy trading, opening up
Tokyo-based Kino Films has recently signed a distribution agreement with Lionsgate and GK Films for the upcoming Michael Jackson biopic, titled “Michael.” While Lionsgate will handle the domestic release, Universal is set to distribute the film internationally, except for Japan where Kino Films is expected to release it in 2025. Directed by Antoine Fuqua, “Michael”
India’s film industry is buzzing with excitement as the sci-fi film Kalki 2898 AD has emerged as the highest-grossing film for the first half of 2024. Starring industry legends like Amitabh Bachchan, Kamal Haasan, and Prabhas, the movie raked in an impressive $92.3M at the local box office. This success has not only brought accolades
General Motors has recently announced its plans to increase production of the Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV will come equipped with a standard 55-inch diagonal display across the dash, including a passenger-only screen, an “executive package” for the second
In a move reminiscent of Apple’s approach, Anthropic, an artificial intelligence startup, and Menlo Ventures are teaming up to launch a $100 million fund aimed at supporting early-stage startups in the AI space. While Menlo Ventures will provide the cash for investing in these startups, Anthropic will offer founders $25,000 in credits to use its
The market saw a notable decline in chip stocks in premarket trading, with some of the largest semiconductor companies like Nvidia, Taiwan Semiconductor, and AMD all experiencing drops in their stock prices. This was attributed to a Bloomberg News report suggesting that the Biden Administration is considering imposing stricter trade restrictions due to concerns about
The price of gold has surged to a record high, reaching $2,465.30 on Tuesday. This increase in gold futures was driven by growing expectations of an interest rate cut in September, which has bolstered demand for the precious metal. The spot gold price hit an all-time high of $2,465.19 during the session, indicating a strong