Should you invest in consumption-focused mutual funds right now?
Kranthi Bathini, Director of Research at WealthMills Securities, said, “A key reason for the underperformance of consumption funds in the short to medium term could be the changing consumption landscape.”
He added that retail companies, home-grown brands, regional players and organic brands are increasingly driving consumption. Many of these are still unlisted.
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Read MoreUS Adds 162,000 Jobs, Triple Expectations, Putting Bitcoin, ETH and XRP on Rate Hike Watch
Key Takeaways
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The US added 162,000 jobs in August, roughly triple expectations, while unemployment remained unchanged at 4.1%.
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The surprise pushed the estimated probability of a September Fed rate hike to around 60%, despite President Trump’s calls for lower rates.
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A rate hike could pressure Bitcoin,
Federal Reserve Bank of New York study finds dollar reserve decline driven by handful of countries, not global trend
The de-dollarization narrative has become one of the most popular themes in global macro circles over the past few years. But new research from the Federal Reserve Bank of New York suggests the scoreboard might be misleading.
The study found that the decline in the dollar’s share of foreign exchange reserves,
Read More5 Wildest Details From the Wall Street Journal’s Bombshell John Fetterman Report
The Wall Street Journal dropped a bombshell new report on Senator John Fetterman (D-PA) late Thursday, detailing allegations that the Democrat has routinely dodged constituents, skipped Senate business, and frustrated his own staff while devoting increasing attention to conservative media and Israel.
The Journal based its report on interviews with more than a dozen former staffers and lawmakers,
Read MoreStock Market Today Live Updates: Gift Nifty signals weak start as crude stays above $97; Where are NSE Nifty50 and BSE Sensex headed?
Asian markets were mixed, with South Korea and Taiwan among the markets showing gains, while Hong Kong and Australia traded lower. The Hang Seng Index fell 141.87 points, or 0.56%, to 25,271.25. South Korea’s Kospi gained 133.69 points, or 1.91%, to 7,129.08, while Taiwan’s index rose 184.81 points, or 0.39%, to 47,511.08.
Japan’s Nikkei was up 120.73 points,
Read MoreThe Burst
Why Warren Buffett Loaded Up on Heico
Berkshire Hathaway quietly raised its stake in Heico by over 11% last quarter, bringing its total position to about 1.3 million shares. That move turned heads because Heico isn’t a typical Buffett pick. It’s not cheap by traditional value metrics, and it doesn’t sell iconic brands like Coca-Cola or Geico.
So why did Berkshire,
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Read MoreThe Ivy
1 Infrastructure Specialist That’s Suddenly on Sale
Once investors saw how fast CoreWeave revenues were accelerating, hesitation disappeared. Shares didn’t just climb, they exploded, rising more than 4x in a matter of weeks.
That kind of surge rarely lasts forever, and over the past month CoreWeave has given back roughly 35%. The pullback has left investors wondering whether something fundamental has changed or whether this is simply the kind of temporary reset that follows massive gains.
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Read MoreThe Spotlight
Why Roblox Stock Has Doubled & Might Just Be Getting Started
If you blinked, you might have missed it, Roblox (NYSE: RBLX) has turned into one of the hottest stocks of 2025.
Up over 2x year-to-date, the company’s market cap has surged past $80 billion, stunning many who once dismissed the platform as a pandemic fad. But here’s the best part, there’s reason to believe Roblox is only just getting warmed up.
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