Big Tech Keeps Spending Like There’s No Tomorrow.  Investors Are Getting Nervous

Apple surpassed Nvidia in market value on Friday to reclaim its spot as the world’s most valuable company. Shares of Nvidia dropped more than 3% and its market value dipped to $4.84 trillion in early morning trading. Apple last traded at a $4.88 trillion market value. The two companies have had very different fortunes in…

Concentration risk may have been overshadowed by major geopolitical events this year, but it hasn’t gone away. Indeed, the big AI hyperscalers remain a significant part of portfolios, but with that comes risk. Were AI to actually pop like a bubble, portfolios would suffer in turn. Equal weight ETF strategies can help diversify while also…

The rupee weakened past the 96 per dollar mark for the first time in nearly two months on Tuesday as a surge in crude oil prices and persistent importer demand outweighed dollar sales by state-run banks on behalf of the Reserve Bank of India (RBI).   Moreover, the benchmark 10-year government bond yield…

The Consumer Price Index (CPI) — the government’s main inflation gauge — fell 0.4% from May, its largest month-over-month drop since April 2020. That pulled the annual inflation rate down to 3.5%, from 4.2% the month before. Economists had expected a more modest monthly drop of 0.2%, and for the annual rate to land at…

Delta’s profit dropped as the air carrier absorbed the highest quarterly fuel expense in its history.

Democratic lawmakers want to hold colleges accountable for unmanageable student-loan burdens. Sens. Elizabeth Warren and Dick Durbin are reintroducing the Accreditation Reform and Enhanced Accountability Act. It’s aimed at strengthening accountability in the system that determines whether schools can receive federal aid for students. The bill would require the Department of Education to establish guidelines…