The Daily

Many mutual fund investors believe that a concentrated portfolio would help them to earn better returns. They believe many mutual fund schemes offer average returns because they have an extremely large diversified portfolio. Such investors may consider investing in focused mutual fund schemes.

According to Sebi norms, focused equity mutual fund schemes must invest in a portfolio of maximum 30 stocks.

 » Read more about: Best focused mutual funds to invest in June 2025  »

President Donald Trump admitted Thursday that his own immigration crackdown is gutting key American industries — and pledged that “changes are coming” to the White House’s policies.

In a post on Truth Social, Trump acknowledged that his deportation campaign is hurting key sectors of the American economy, including farming and hospitality.

 » Read more about: Trump admits crackdown on illegal immigrants is hurting US workforce: ‘Changes are coming’  »

Jun. 12—***

The people in charge of sports sites must have looked into my soul — or browsing history — and realized I am a sucker for a ranking or a list.

If they post it, there is a good chance I will take a look. Often multiple times.

 » Read more about: Can't Wait For Saturday ESPN site appears to be bullish on Illinois …in '25 and beyond  »

 » Read more about: The Best Stocks to Invest $1,000 in Right Now  »

TLDR

• Intel (INTC) stock surged 8% Tuesday to lead S&P 500 gainers as semiconductor sector rallied on hopes U.S.-China trade restrictions could be eased
• The rally occurred despite company CFO stating initial production volumes for new 18A and 14A manufacturing technologies would be “insignificant”
• Intel’s foundry business won’t break even until 2027 according to management projections,

 » Read more about: Intel (INTC) Stock: Shares Lead S&P 500 Gainers, What’s Going On?  »

 » Read more about: Stock Market Recovery: 7 Best Stocks to Buy in June  »

 » Read more about: 5 Retirement Contingency Plans Gen Z Can Start Working on Now  »

By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stock indexes are drifting on Thursday following another encouraging update on inflation.

The S&P 500 was 0.2% higher in midday trading and sitting less than 2% below its record. The Dow Jones Industrial Average was down 18 points,

 » Read more about: Wall Street drifts lower as Boeing sags and Oracle rallies  »

The strong showing came as five S&P 500 components hit new all-time highs: Oracle, Microsoft, IBM, Amphenol, and Philip Morris. On the downside, defensive names like Brown-Forman, Conagra, and Campbell Soup hit 52-week lows, reflecting a market leaning back into risk assets.

 » Read more about: S&P500 and Nasdaq 100: Oracle Powers Tech Stocks Today on AI Optimism and Forecast  »

WASHINGTON — President Trump urged “numbskull” Federal Reserve chairman Jerome Powell to lower interest rates Thursday — while confirming he plans to pick a new chair when Powell’s term expires next year.

Trump, who recently met with Powell in the Oval Office after publicly bashing him as too cautious, said that lowering benchmark rates by 2% could reduce the annual federal deficit by $600 billion.

 » Read more about: Trump urges ‘numbskull’ Fed chair Powell to lower interest rates — as prez reveals he plans to replace him  »