According to SEBI, Sectoral/Thematic Funds are open-ended equity mutual funds that invest a minimum of 80% of their assets in a particular sector or theme.
Each scheme must clearly specify the sector/theme it will focus on for investments. These schemes also have the flexibility to invest across the market cap range,
» Read more about: What are sectoral mutual funds? Should you invest in them in 2025? »
Warren Buffett’s move last year to sell stocks and hoard some $300 billion in cash is looking prescient — as he’s the only mogul among the world’s 10 richest whose net worth has risen this year despite a market selloff triggered by President Trump’s tariffs.
In a historic two-day rout last week,
Senate Minority Leader Chuck Schumer on Monday warned President Trump’s tariffs will destroy New York City’s economy and likely plunge it right into a recession — as he urged the commander in chief to “back off.”
The New York Democrat claimed Trump’s “pinball tariff strategy” could result in a nearly $20 billion direct hit to the Big Apple and threaten hundreds of thousands of jobs.
Experts say Beijing is unlikely to back down, after President Donald Trump threatened to raise tariffs on China if Beijing does not withdraw its retaliatory tariffs.
“At this point, it is extremely unlikely for China to back down,” said Yun Sun, director of the China program at the Washington-based think tank Stimson Center,
» Read more about: Live updates: US stock market closes lower after Trump’s latest tariff threats »
These are nervous times for Tesla bulls on Wall Street. They now believe the future ain’t what it used to be, to paraphrase noted market analyst Yogi Berra.
In recent weeks, even some of Tesla’s biggest analyst fans are changing course.
» Read more about: Even some of Tesla’s biggest bulls have turned bearish »
Tesla shares took a hit Monday after a leading analyst slashed his price target by more than 40%, citing a “perfect storm” created by President Trump’s auto tariffs and Elon Musk’s deteriorating reputation.
Wedbush Securities analyst Dan Ives cut his price target from $550 to $315 over the weekend while maintaining his “outperform” rating of the stock.
» Read more about: Tesla shares drop amid auto tariffs and ‘brand crisis’ »
Citi analyst Paul Diamond downgraded Vital Energy (VTLE) to Neutral from Buy with a price target of $17, down from $36. The trade war and OPEC’s actions “present unique aspects to this correction” for the exploration and production companies, the analyst tells investors in a research note.
» Read more about: Vital Energy downgraded to Neutral from Buy at Citi »
NEW YORK — NEW YORK (AP) — Wall Street could soon be in the claws of another bear market as the Trump administration’s tariff blitz fuels fears that the added taxes on imported goods from around the world will sink the global economy.
The last bear market happened in 2022,
» Read more about: Wall Street could be headed for a bear market. Here’s what that means »
The annual Pittsburgh Home & Garden Show kicked off on Friday, March 7, 2025, at the David L. Lawrence Convention Center. As is tradition, Pittsburgh Today Live kicked off the show with a live episode!
Shares of Nvidia (NVDA) surged Monday afternoon as semiconductor and artificial intelligence stocks attempted to rebound from a tariff-fueled selloff.
Nvidia’s stock price was up nearly 4% in recent trading, leading gains on the Dow Jones Industrial Average. Broadcom (AVGO),
» Read more about: Nvidia, Supermicro Surge as Chip and AI Stocks Rebound From Tariff Rout »
