Beijing moves to steady markets after brutal tech stock slide
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Shares of Broadcom (AVGO +5.00%) were among the losers last month, tumbling after its second-quarter earnings at the beginning of June despite solid results. The company’s AI revenue, while strong, fell short of estimates, and management acknowledged that Google, a major customer, was diversifying its sourcing for custom chips, or ASICs. As a result, the…
Key Points Comparing First Trust NYSE Arca Biotechnology Index Fund (NYSEMKT:FBT) and iShares Biotechnology ETF (NASDAQ:IBB) reveals a choice between FBT’s highly concentrated portfolio and IBB’s broader, market-cap-weighted industry exposure. Both funds target the volatile U.S. biotechnology sector, yet they differ significantly in construction and underlying philosophy. While the iShares fund tracks a wide basket…
Today marks the final deadline to submit entries for Money Marketing’s Young Financial Planner Awards 2026, giving firms and individuals one last chance to get their nominations in. The awards recognise outstanding young professionals working across financial planning, including advisers, paraplanners, administrators, marketers, and specialist support roles. Entries close later today and are open to…
XDC Tech, the US-based institutional arm of XDC Network, has announced an integration with Bridge, the stablecoin infrastructure platform and a Stripe company. The deal gives developers building on XDC direct access to Bridge’s on- and off-ramps, virtual accounts, and multi-currency custody, without requiring them to build that compliance layer themselves. The companies are positioning…
FIFA President Gianni Infantino managed to catch more than 40 World Cup games in 39 days thanks to the elite’s favorite time-saving tool: a private jet. Ahead of Sunday’s final, which will be Infantino’s 44th game of the tournament, Business Insider’s analysis found that throughout the World Cup, he traveled some 70,000 miles. That’s almost…
What happens when a sudden $850,000 inheritance turns into eight different account balances, three rental properties, and one very big decision about your future? When grief, real estate, and a six-figure windfall collide all at once, the fastest way to make an expensive mistake is to rush into “doing something” with the money. Joe and…