FIFA World Cup enthusiasm may have cost US economy $11.7 bn loss; here's why
The 2026 World Cup is scheduled to conclude on July 19 with a match between Spain and Argentina. For several weeks, football enthusiasts have been captivated by their screens, supporting their preferred teams and commending the performances of players such as Messi, Mbappe, and Lamine Yamal.
Mutual funds: why direct plans are making gains, but distributor networks are also here to stay
“The distribution mix is undergoing a significant shift, away from traditional, bank-only models towards a hybrid model that blends fintech platforms, independent financial advisors (IFAs), and direct AMC channels,” it said, adding that the direct channel, which included digital and direct-to-AMC platforms, was rapidly increasing its share.
Read MoreAsia stocks up as chip stocks recover, oil eases
Tesla and Alphabet are due to release results this week, followed by Microsoft, Meta, Apple and Amazon next week.
Oil prices had risen Monday after fresh fighting over the weekend in which the United States announced three new US military fatalities and one service member missing in action.
Iran’s Revolutionary Guards said on Tuesday they hit US military targets including air defence systems in Bahrain and Kuwait,
» Read more about: Asia stocks up as chip stocks recover, oil eases »
Read MoreWhen The Stock Market Fell JEPI ETF Outperformed
A fund that actually holds its ground when stocks are falling is what real portfolio diversification looks like.
When the S&P 500 tumbled 9.4% in a 2020 selloff, that familiar knot in the stomach was a reminder that most stock funds fall when the market falls.
» Read more about: When The Stock Market Fell JEPI ETF Outperformed »
Read MoreTrump’s new tariffs called ‘illegal and obviously desperate.’ Live trade war updates here.
‘It’s an absurd and deeply frustrating escalation’: CEO, Wine Growers BC on latest U.S. tariffs
‘I think that the PM is trying hard not to give too much oxygen to what Trump is saying’: Turnbull
CTV National News: Canada-U.S.
The Burst
Forget Billionaire’s Amazon Buy, Time For This Mag 7 Stock?
Stanley Druckenmiller’s Q3 purchase of nearly half a million Amazon shares drew attention, but the move is more interesting when viewed in context.
Druckenmiller has a long habit of trading Amazon in cycles, buying heavily when sentiment softens and trimming when momentum returns. His last cycle didn’t produce much upside, making his decision to jump back in at a higher cost especially noteworthy.
» Read more about: Forget Billionaire’s Amazon Buy, Time For This Mag 7 Stock? »
Read MoreThe Ivy
Is This AI Stock a Buy Heading Into 2026?
CoreWeave sits in a new category analysts now call the neocloud. Rather than operating like traditional cloud providers built for broad, generalized workloads, neoclouds specialize in dense clusters of GPUs designed purely for AI training and inference.
In practical terms, CoreWeave is building industrial-scale AI factories, meaning customized data centers filled with Nvidia’s highest-end accelerators,
» Read more about: Is This AI Stock a Buy Heading Into 2026? »
Read MoreThe Spotlight
Berkshire’s $9.7 Billion OxyChem Deal Means What?
Buffett’s firm has spent years amassing a giant stake in Occidental Petroleum (NYSE: OXY), starting with a $10 billion preferred stock and warrant package in 2019 that helped Occidental fund its acquisition of Anadarko.
By mid-2025, Berkshire had built that into a 32.7% equity position, making OXY one of its six largest holdings.
» Read more about: Berkshire’s $9.7 Billion OxyChem Deal Means What? »