S&P 500, Nasdaq fall as Nvidia swings to red, economic data disappoints
The benchmark SP 500 and tech-heavy Nasdaq fell on Thursday, after Nvidia shares swung to losses as investors focused on signs of increased AI spending in the industry, and data suggested a cooling U.S. economy.
Nvidia gave up early gains and fell 2.7% – a contrast to outsized gains the stock witnessed after some of its earlier results announcements.
» Read more about: S&P 500, Nasdaq fall as Nvidia swings to red, economic data disappoints »
Read MorePump.fun X Account Hacked to Promote Fake ‘PUMP’ Token Cryptocurrency Scam
Cybercrooks have hijacked the official X (formerly Twitter) account of popular Solana-based meme coin generator Pump.fun to promote a fraudulent governance token called “PUMP.”
On Feb. 26, Pump.fun’s official X account (@pumpdotfun) was compromised, with hackers posting a misleading announcement about an official governance token for the platform. The fraudulent post read:
“Introducing $PUMP the OFFICIAL pump.fun GOVERNANCE token,
» Read more about: Pump.fun X Account Hacked to Promote Fake ‘PUMP’ Token Cryptocurrency Scam »
Read MoreSpecialised Investment Funds explained: What investors need to know as SEBI issues framework
Have you been a mutual fund (MF) investor who is looking at bigger opportunities but finds the minimum investment needed in portfolio management services (PMS) too high? Soon, you would be able to invest in Specialised Investment Funds.
“Over the years, a gap has emerged between MFs and PMS in terms of portfolio flexibility,
Read MoreWhy Tesla's stock has given up nearly all of its Trump election gains
Tesla (TSLA) CEO and Department of Government Efficiency (DOGE) head Elon Musk is asking government employees to submit what they have accomplished in the past week. Tesla investors would like to ask Musk the same question.
Tesla stock is down 28% year to date this year — and has nearly given up all its gains since President Trump’s election win on Nov.
» Read more about: Why Tesla's stock has given up nearly all of its Trump election gains »
Read MoreCathie Wood Snaps Up More GitLab (GTLB) Stock but Offloads UiPath and SoFi
Cathie Wood’s ARK ETFs made some notable trades on Tuesday, including the additional purchase of GitLab (GTLB) stock and the sale of UiPath (PATH), SoFi Technologies (SOFI), and Roku (ROKU) shares. The purchase of GTLB stock came in as it surged about 12% yesterday on market-beating Q4 FY25 earnings reported by the developer tools software maker.
» Read more about: Cathie Wood Snaps Up More GitLab (GTLB) Stock but Offloads UiPath and SoFi »
Read MoreThe Burst
The Billion Sq/Ft Gorilla REIT to Own
Real estate has been on fire, despite a challenging economy. Rents continue to soar, as do property values. From 2020 to 2021, during the heart of the COVID-19 pandemic, REITs performed extremely well, with earnings of up 24.6 percent.
Indeed, REIT returns over the past few decades have rivaled the stock market,
» Read more about: The Billion Sq/Ft Gorilla REIT to Own »
Read MoreThe Ivy
Market Commentary: Undervalued Zombie with 41.6% Upside
Zombie companies are heavily indebted but continue to operate and service their debts, though usually they don’t pay them off. Because they’re so heavily indebted, small changes in interest rates can make them vulnerable to bankruptcy. So you might be wondering, why, in a rising interest rate environment they should even cross our radar.
Well,
» Read more about: Market Commentary: Undervalued Zombie with 41.6% Upside »
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