Broadcom, the third largest component in the VanEck Semiconductor ETF (SMH), has been making waves in the tech sector. With a significant 8.6% of the fund allocated to Broadcom, investors are keeping a close eye on its performance. Over the past three months, the stock has seen an impressive 16% increase. However, it is still
The mortgage industry is currently experiencing a shift in demand, with a heavy emphasis on refinancing. This is mainly due to the continuous decline in interest rates for the fifth consecutive week. According to the Mortgage Bankers Association, total mortgage application volume saw a modest increase of just 1.6% last week compared to the previous
Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, recently released a report on its asset allocation for the second quarter. Surprisingly, more than half of the members, specifically 57%, have decided not to invest in chip giant Nvidia. Interestingly, the majority of these members have no plans to initiate a position in the company,
Many younger retirees in the United States are not yet eligible for Medicare before the age of 65. As a result, they often turn to Marketplace health insurance, which offers lower monthly premiums due to boosted tax breaks until the end of 2025. This has led to an increase in the number of Americans aged
Steph Curry, the legendary NBA player, is not just focused on his basketball career but also planning for his future ventures outside the court. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his aspirations for his businesses and potential ownership of an NBA team once his playing days are over. At
Zilch, a British financial technology firm, recently announced a significant achievement – its first-ever month of profit. This milestone is a crucial step for the company as it sets its sights on an eventual initial public offering. In July 2024, just four years after its founding, Zilch reported an operating profit, surpassing the expectations of
China’s property struggles and U.S. sanctions have had a significant impact on some of its cities, while others have benefited from Beijing’s tech push, according to the Milken Institute’s best performing cities China index. The index, which has been studying China’s large- and mid-sized cities since 2015, assesses their economic vibrancy and growth prospects. Hangzhou,
As sports team values continue to soar into the billions, team owners are facing new challenges when it comes to succession planning. The average age of team owners is rising, with many owners in their 70s and beyond. This poses a critical issue for owners who are looking to pass down their assets to the
The return of football season is anticipated to bring about a surge in sports betting, with projections indicating that U.S. adults will wager a record-breaking $35 billion during the NFL season. This represents a significant increase of over 30% from the previous year’s total of $26.7 billion in wagers. Several states, including Maine, North Carolina,
CrowdStrike, a prominent cybersecurity software maker, recently faced a setback with a global outage that led to a 4% drop in their shares. This article delves into the repercussions of the outage on the company’s financial performance and investor sentiment. Despite reporting strong fiscal second-quarter results, CrowdStrike had to reduce its full-year guidance following the