The S&P 500 is often the benchmark for investors to try and beat. And it’s a good one to strive for, as in the long run the broad index has generated returns of 10%. If you could average a 10% return over a period of 25 years, your investment would be worth nearly 11 times
Norway’s giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($109.9 billion), supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, the world’s largest sovereign wealth fund, said it had a value of 17.7 trillion kroner at the end of March. It described the
Alarm is growing over proposed Cook Islands legislation, drafted by a US-based company, which could validate hacking into any account or system in the world. In an investigation, 1News has learned that Drumcliffe, a high-value debt collector specialising in international asset seizure, hired at least two Cook Islands-based lawyers to draft the Tainted Cryptocurrency Recovery
The initial public offering market is showing signs of life again. And the optimism following the strong debuts for Reddit and AI cloud infrastructure company Astera Labs appears to be spreading. Case in point: A closed-end fund that invests in Elon Musk’s SpaceX, Fortnite maker Epic Games, OpenAI, fintech giants Stripe and Chime and other
Rocket Mortgage is flexing its tech muscle with the launch of a platform that uses machine learning to pull important information from borrower documents during the underwriting process. According to Rocket, the new technology dubbed Rocket Logic will be used to scan and identify files uploaded by the borrower to “ensure clients are providing the
Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation
Microsoft will reportedly invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country, training 3 million people in AI and setting up a Microsoft Research Asia lab in Tokyo, Reuters reported Tuesday (April 9). The company will announce this investment Tuesday, while Japanese Prime Minister
Lately, the US Securities and Exchange Commission (SEC) displayed new regulations mandating public companies to disclose climate-related risks and emissions data, the imperativeness that businesses factor climate concerns into their strategies, addressing investor calls for transparent information on managing such risks. Considering this, the obvious question arises: How does this legislation impact Israeli companies?
iPhone | Cryptocurrencies In a recent ruling, a lawsuit accusing Apple of monopolistic practices in its App Store by restricting cryptocurrency transactions was dismissed by a judge in San Francisco. Filed by users of Venmo and Cash App, the lawsuit argued that Apple’s policies forced these payment apps to increase their fees. The plaintiffs contended
The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed