A few small-cap fund managers are bucking a broader decadelong trend of losing to large-caps by betting on a handful of winning stocks. Small-cap stocks are in a deep slump. They have underperformed large caps seven of the past eight years. That trend is continuing this year, with small caps posting a gain of just
New UK finance minister Rachel Reeves vowed Monday to immediately “fix the foundations” of Britain’s economy, fuelled by onshore wind power and house building, after her Labour party won power. In her first major speech since being appointed the UK’s first woman chancellor of the exchequer by new Prime Minister Keir Starmer, Reeves said there
Italian midfielder Nicolo Zaniolo, who missed the ongoing Euros through injury, has joined Atalanta on loan from Galatasaray, the two clubs announced Friday. “Atalanta BC are glad to announce the signing, on loan until June 30 2025 with a buy-out option and an obligation to make the transfer permanent under certain conditions, of Nicolo Zaniolo
Israel has approved a new payment of more than $140 million to the Palestinian Authority after announcing it had also unblocked some funds frozen because of the Gaza war, a finance ministry spokesperson told AFP on Thursday. Since the start of the war on Hamas, far-right Israeli Finance Minister Bezalel Smotrich has withheld payments of
The market cap of AI chip maker Nvidia passed $3 trillion in the second quarter. Because microchips are made from silica, it’s tempting to say that Nvidia’s entire capitalization is built on sand. But nothing is firmer than Wall Street’s belief in artificial intelligence. The behemoth’s stock surged 37% in the past three months and
Ranked No. 3 on Barron’s 2023 list of top RIA firms, Overland Park, Kan.-based Creative Planning has grown to become one of the nation’s largest RIAs. Established in 1983, Creative Planning had all of $100 million in assets in 2004. Thanks to organic growth, and more recently, an emphasis on dealmaking, the firm today manages
Nvidia’s dominance in providing chips to power artificial-intelligence technology was bound to attract the notice of regulators. Now the company looks set to face the first antitrust challenge of its AI era but it should only be a small obstacle. Nvidia is about to be charged by the French antitrust regulator for allegedly anticompetitive practices,
The European Union needs to double targeted investment to meet its 2030 climate goal, a consortium of research organisations said on Tuesday, warning that the pace of Europe’s related action must accelerate. Delivering on the 2030 objective is pivotal for the EU’s ability to achieve an ambitious target of net zero greenhouse gas emissions by
Bitcoin and other cryptocurrencies were rising early on Monday but the sector still faces headwinds going into the second half of the year. Bitcoin was up 4.1% over the last 24 hours to $63,311. That means the largest cryptocurrency has largely recouped the losses that came after last week’s news that the trustee of Mt. Gox,
Leading scores after Saturday’s third round of the US PGA Tour Rocket Mortgage Classic at Detroit Golf Club (USA unless noted, par 72, a- denotes amateur): 199 – Aaron Rai (ENG) 66-65-68, Akshay Bhatia 64-67-68 200 – Cam Davis (AUS) 68-66-66, Cameron Young 67-66-67 201… Leading scores after Saturday’s third round of the US PGA