As September unfolds, the financial markets are experiencing their usual volatility. This presents a new set of challenges for the Big Tech sector, making investors wary of their positions. Amidst all this, one low-volatility ETF is still making big bets on the Big Tech trade. Alliance Bernstein is the mastermind behind the AB US Low
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Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, has found herself at the center of a legal battle that has captured the attention of the cryptocurrency world. Lawyers representing Ellison have made a shocking recommendation, stating that she should receive no prison time for her role in the collapse of
Asian stocks experienced a rise on Thursday, with technology shares leading the way after an overnight rally in market darling Nvidia. Japanese markets, in particular, soared as a soft reading on producer inflation undermined hawkish signals from the Bank of Japan. Japan’s Nikkei 225 and TOPIX indexes were the best performers in Asia, with gains
In a significant move, the United Kingdom has recently classified data centers as critical infrastructure. This decision is expected to enhance cybersecurity measures within the country and facilitate collaboration between data center operators and the government to safeguard critical data from cyberattacks and disruptions. British Technology Minister Peter Kyle emphasized the importance of data centers
While global attention has largely been focused on big U.S. companies like OpenAI and Alphabet’s Google in the field of generative artificial intelligence, China’s tech giants are now making significant strides in this area. Over the past 18 months, companies like Alibaba, Tencent, Baidu, and Huawei have launched their own AI models, seeking to capitalize
Shares of Trump Media & Technology took a hit, dropping over 11%, following the debate between Republican nominee Donald Trump and Democratic Vice President Kamala Harris. The company, majority owned by the former president, faced a significant decline in its stock value. Rentokil Initial saw its shares plummet by about 20% after issuing a profit
The recent years have seen steep interest rate hikes by the Federal Reserve in an attempt to slow down the U.S. economy. However, contrary to expectations, these hikes have not had a significant impact on the overall economy. The economy has continued to grow at an annualized rate of over 2% in most quarters since
The energy sector has been one of the worst-performing sectors in the market in recent months. As of now, it is 13.4% from the April 5th 52-week high. This decline is reflected in the performance of individual energy companies such as EQT, Coterra, APA, Halliburton, Occidental, ExxonMobil, and Chevron. EQT, for example, has seen a
Japan’s stock market experienced a decline on Wednesday, with the Nikkei 225 dropping by 1.63%. The losses were primarily driven by sectors such as Textile, Power, and Shipbuilding. Despite the overall decline, there were a few companies that stood out as top performers. Eisai Co., Ltd. (TYO:4523) saw an increase of 1.43%, with its stock
Policymaker Junko Nakagawa of the Bank of Japan recently stated that the central bank will persist in increasing interest rates if inflation progresses as projected. Nakagawa emphasized the importance of considering the potential consequences of market volatility on the economy and prices before deciding on further rate hikes. Despite ending negative interest rates in March