Jeremy Hunt confirms the previously announced £4.5 billion in funding for British manufacturing to boost investment in eight sectors across the U.K., available for a five-year period from 2025. The Treasury announced £960 million for clean energy, over £2 billion for the automotive industry, £975 million for aerospace, and £520 million for life sciences manufacturing. …
401k, IRA: How to Choose a Retirement Plan That’s Best for You Are you looking for a retirement savings plan? There are several options available, including traditional IRA, Roth IRA, 401k. It may be difficult for you to decide which plan is the best fit for you. This article will guide you in picking the …
Renowned value investor Jeremy Grantham is placing his bets on a select group of stocks with the launch of his firm’s premier active ETF: the GMO U.S. Quality ETF. Tom Hancock, a partner at GMO, has been entrusted with the strategy for this new endeavor. “There’s a lot more interest in active ETFs than there …
AI Startup Reveals Sam Altman Was Abruptly Fired by Board Sam Altman, the mastermind behind the AI-powered chatbots ChatGPT and GPT-4, has been unexpectedly ousted by the board of directors, causing a seismic shift in the tech industry. OpenAI, backed by Microsoft, announced on Friday that the board lost confidence in Altman’s leadership capabilities, prompting …
Stock Market Recap: Microsoft Rolls Out AI Chips & President Biden Meets Xi Jinping Dow Jones futures, S&P 500 futures, and Nasdaq futures fell slightly overnight. Late on guidance, Palo Alto Networks (PANW) and Cisco Systems (CSCO) experienced a dive while Walmart (WMT) and Alibaba (BABA) set the stage for their performances. The stock market …
Sega’s COO, Shuji Utsumi, plans to expand the company’s iconic intellectual property to other platforms, such as movies, mobile, and Roblox. After the success of Sonic the Hedgehog and Sonic the Hedgehog 2, Sega aims to capitalize on its popular IP by bringing more adaptations to the world. Still from Paramount’s “Sonic the Hedgehog 2.” …
<p>Dow Jones futures, S&P 500 futures, and Nasdaq futures rose slightly after hours. Microsoft (MSFT) is set to announce its latest AI advancements at its Ignite 2023 event on Wednesday, while President Biden will meet with China President Xi Jinping. The stock market rally on Tuesday saw powerful gains, with stocks such as MercadoLibre (MELI), …
Joe Biden’s economy is showing undeniable strength in multiple ways and is being pitched as “Bidenomics,” influenced by FDR and Reagan. It aims to grow the economy “from the middle out, and the bottom up” through industrial policies and support for unions. However, upper middle-class professionals, who are key Democratic voters, are experiencing a decline …
Despite Moody’s Investor’s Service’s warning on Friday that it was lowering its ratings outlook on Treasurys, markets on Monday showed minimal reaction to the news. Michael Reynolds, a Glenmede strategist, downplayed Moody’s announcement, stating that the agency’s insight didn’t offer any new information about the U.S. government. Of the big-three agencies, Moody’s is the only …
Traders are optimistic about U.S. stocks maintaining a winning streak despite Moody’s cutting its U.S. credit outlook. Congress is working to prevent a government shutdown before the week ends. Walmart and Target will be reporting earnings this week. Here are the most important news items that investors need to start their trading day: The major …