Nvidia’s recent surge in value has not only solidified its position as a leading technology company but has also forced major technology exchange-traded funds to reevaluate their holdings. The Technology Select Sector SPDR Fund (XLK) is expected to acquire over $10 billion worth of Nvidia shares while reducing its stake in Apple significantly. This shift
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The U.S. Department of the Treasury and the IRS have taken a stand against tax loopholes that have allowed large partnerships to evade paying their fair share of taxes. This plan is aimed at closing a major tax loophole known as “related party basis shifting,” which has cost the government an estimated $50 billion in
The recent decision by the Federal Reserve to keep interest rates unchanged has far-reaching implications for consumers, especially those who carry a balance on their credit card. With only one rate cut expected before the end of the year, the likelihood of a significant reduction in credit card interest charges is slim. This means that
Warren Buffett’s Berkshire Hathaway has been making headlines recently due to its continued trimming of its stake in China’s biggest electric vehicle maker, BYD. Despite being an early investor in BYD, thanks to the late Charlie Munger, Berkshire Hathaway has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million. This move
As of May, the average car payment in the United States stands at a steep $760 per month, marking a significant increase from the $535 average seen just a few years ago. This surge can be attributed to a combination of high vehicle prices and soaring interest rates. Despite a slight decrease from the peak
The demand for weight loss and diabetes treatments has reached unprecedented levels, leading to the immense success of Eli Lilly in the past year. Anat Ashkenazi, the outgoing Chief Financial Officer, has played a vital role in managing the surge in revenue and investor optimism resulting from the popularity of Eli Lilly’s diabetes injection, Mounjaro,
Singapore, known for its modern skyline and luxurious living spaces, holds a hidden gem in the form of colonial-era shophouses. These colorful and ornate buildings, situated in the older neighborhoods of the city-state, have caught the eye of investors, including some of the rich and famous. The exclusivity of these two- or three-story shophouses, often
Starboard Value, the activist fund led by Jeff Smith, recently acquired a significant stake in graphics-design firm Autodesk. The fund has engaged in discussions with the company’s board regarding various serious concerns related to its disclosures concerning an internal investigation that ultimately led to the removal of its CFO. The internal investigation carried out by
Disney and Pixar have once again proven their dominance in the box office with the release of “Inside Out 2.” The film made a significant impact by raking in an estimated $155 million domestically during its opening weekend, marking it as the second-highest theatrical debut for an animated film. After the pandemic restrictions eased and
Arkansas Attorney General Tim Griffin’s story highlights the struggles many individuals face when it comes to paying off their student loans. It took him nearly three decades to settle his $100,000 debt. Despite his own challenges, Griffin questions the idea of forgiving student loans, emphasizing the concept of personal responsibility and fairness. The issue of