Chip stocks experienced a tumultuous start to September, as concerns over U.S. economic growth and a loss of momentum in artificial intelligence favorite Nvidia led to their worst stretch in over four years. The VanEck Semiconductor ETF (SMH) plummeted by 11.7% in the Labor Day-shortened, four-day trading week, marking its most significant decline since March
The cryptocurrency market has been in the spotlight recently as Bitcoin, the world’s biggest digital currency, experienced a nearly 6% decline over the last 24 hours. This decline led veteran commodities trader Peter Brandt to make a rather gloomy comment on the current situation of Bitcoin. Brandt, who has been in the business since the
The rise of pickleball has had a significant impact on Life Time Group Holdings, with the upscale fitness and lifestyle company poised to benefit from the sport’s continued surge in popularity. This growth was especially evident during the Covid lockdown, which saw a significant increase in the number of players at all levels. Bank of
As the National Football League (NFL) season ramps up, automakers are making a comeback in advertising during games, showcasing their vehicles to a wide audience. Giants in the automotive industry such as Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are among those expected to take advantage of the NFL platform to promote
Boeing’s Starliner spacecraft finally undocked from the International Space Station after a significant delay, leaving behind the two astronauts it had delivered to orbit earlier. The return journey to Earth took about six hours, culminating in a successful touchdown at White Sands Space Harbor in New Mexico. However, the undocking process was not without its
The real estate market is experiencing a shift as the supply of homes for sale is rising rapidly. According to a recent report from Realtor.com, active listings in August saw a 36% increase compared to the previous year, marking the 10th consecutive month of annual growth. Despite this positive trend, inventory is still 26% lower
Former President Donald Trump recently suggested the creation of a U.S. sovereign wealth fund to finance infrastructure projects during a speech at the Economic Club of New York. However, Trump failed to provide specific details on how this proposed fund would operate or what its exact purpose would be. The lack of clarity in the
Investors looking for ways to secure long-term income may find a potential solution in an overlooked segment of the municipal bond market. Municipal bonds, issued by state and local governments, offer investors a unique opportunity to diversify their portfolios and benefit from tax-exempt returns. While these bonds typically yield lower than corporate bonds of similar
Bybit’s latest Block Scholes Crypto Derivatives Analytics Report reveals a concerning spike in implied volatility across the cryptocurrency market, particularly for major cryptocurrencies like ETH. This increase in volatility is indicative of growing bearish sentiment among traders as spot prices remain subdued. The shift towards out-of-the-money puts for short-term options further highlights the prevailing skepticism
The Green Bay Packers are the only National Football League team with an ownership structure that resembles a publicly traded company. This unique setup has been in place for over a century, making the Packers stand out among the four major North American professional sports leagues. With a valuation of $6.3 billion, the Packers are