The Daily

GQG Partners shed more than $10 billion in funds last month after chief investment officer Rajiv Jain’s surprising pivot to chip stocks, having long warned that tech companies had created a bubble even bigger than the dotcom bust, was torpedoed by renewed tensions in the Middle East.

The fund manager’s total asset pool has now plunged by $US23.7 billion ($33 billion),

 » Read more about: GQG sheds $10b as pivot back to tech stocks disrupted by Iran war  »

Asian markets were largely under pressure, with major indices recording declines. Hong Kong’s Hang Seng Index fell 277.66 points, or 1.11%, to 24,676.81. Shanghai Composite declined 67.169 points, or 1.71%, to 3,867.234, while Shenzhen dropped 259.116 points, or 1.90%, to 13,358.553. South Korea’s Kospi slipped 155.59 points, or 2.21%, to 6,878.33. Japan’s Nikkei declined 1,759.39 points,

 » Read more about: Stock Market Today Live Updates: GIFT Nifty signals cautious start for Dalal Street; where are BSE Sensex and NSE Nifty50 headed?  »

For investors whose portfolios are predominantly mutual funds, SoA may remain the more straightforward option

 » Read more about: Mutual funds in SoA or demat: Which holding mode works better for investors?  »

 » Read more about: Apple Stock Options Stay Hot After Product Launch  »

OpenAI launched a product on Thursday called ChatGPT for Financial Services, a version of its enterprise tool tailored to handle tasks traditionally performed by entry-level investment bankers, including company research, financial data analysis, and pitchbook creation.

According to CNBC, the product was developed alongside Morgan Stanley and Evercore as design partners,

 » Read more about: OpenAI launches ChatGPT for Financial Services for Wall Street  »

Solana’s app ecosystem has shed enormous value while its spot ETFs keep pulling in fresh capital, and both signals are pointing in completely different directions. Figuring out which one actually predicts where SOL goes next changes everything about how you…

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 » Read more about: Solana’s Apps Lost Half Their Value and Its ETFs Have Slowed. Which Number Is Right?  »

This is different from the Consumer Price Index (CPI) figure that is used as the official inflation rate,

 » Read more about: What a Fed Rate Hike Would Mean for Investors and Savers  »

Benchmark indices on Wall Street had another down day on Thursday, September 10, after a steep sell-off in the US bond markets, coupled with a sharp jump in crude oil prices soured investor sentiment for yet another day.

The Dow Jones fell 300 points on Thursday, taking its cumulative four-day drop to over 1,600 points.

 » Read more about: Dow Jones falls over 1,600 points in four sessions as oil, yields spook Wall Street  »

India’s solar story is no longer just about putting up more panels. The next phase is about who gets to manufacture the cells, modules and other equipment needed to power that expansion, and who can make money while doing it.

 » Read more about: 3 solar stocks betting on India’s next big clean-energy manufacturing boom  »

Not all dividend ETFs are built the same, and parking $100,000 in the wrong one could mean leaving thousands of dollars in annual income on the table compared to a better-matched alternative.

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 » Read more about: We Did the Math on What $100,000 Earns in the 5 Most Popular Dividend ETFs, and the Best Pays More Than Double the Worst  »