By Carolina Mandl NEW YORK (Reuters) – Global hedge funds in June sold U.S. shares of technology, media and telecommunications (TMT) companies at the fastest pace since 2016, mainly driven by semiconductor stocks, Goldman Sachs said in note. The sales could indicate that portfolio managers have become more bearish on tech stocks, after the sector’s […]
Bill Yount and Jackie Cummings Koski both were late starters in the financial independence movement.Bill Yount BI spoke to three late starters in the financial independence movement. They started to save and invest in their 40s and 50s and set themselves up for early retirement. Their strategies range from safe investments to living minimally to […]
BANGKOK (AP) — Surveys of Chinese factory managers showed a mixed outlook for the world’s second-largest economy in June, with growth steady but not picking up much steam. The China Federation of Logistics and Purchasing’s official purchasing managers index, or PMI, remained at 49.5, the same as in May, on a scale up to 100 […]
TOKYO (Reuters) – Japan’s land prices in 2023 rose at the fastest pace since comparable data available in 2010, the tax agency said on Monday, suggesting a recovery gathered pace helped by brisk tourism after the coronavirus pandemic. Average land prices climbed 2.3% last year, rising for the third straight year, a National Tax Agency […]
The latest reading of the Fed’s preferred inflation gauge showed inflation eased in May as prices increased at their slowest pace since March 2021. The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, rose 0.1 % in May from the […]
BERLIN (AP) — Another 400,000 people formally left the Catholic Church in Germany last year, though the number was down from a record set in 2022 as church leaders struggle to put a long-running scandal over abuse by clergy behind them and tackle calls for reform, official figures showed Thursday. The German Bishops’ Conference said […]
By Steven Scheer JERUSALEM (Reuters) – Israel next month will launch a tender to establish the country’s first supercomputer to ensure the country remains a global leader in artificial intelligence (AI) technologies, the chief executive of the state-backed Israel Innovation Authority said on Wednesday. Speaking at an AI conference, Dror Bin said that while AI […]
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On a strip of land in northern Sweden, not far from the Arctic Circle, a new facility is taking shape which could help revolutionize one of the planet’s dirtiest industries: steelmaking. By 2026, if all goes to plan, the site just outside Boden will be filled with industrial buildings painted white, silver and black – […]
(Bloomberg) — A strong sales forecast and new product rollouts have helped BYD Co. shares stage an epic rebound in recent months. Now, even early investor Warren Buffett appears to have noticed. Most Read from Bloomberg Since October, his Berkshire Hathaway Inc. has unloaded about 1% of BYD shares, reducing its total stake in the […]
The momentum of Hong Kong’s initial public offerings (IPO) has picked up since April, auguring well for the exchange as it claws its way back in the rankings of the world’s top spots for fundraising. “We are vetting about 110 listing applications, many of them coming in the second quarter,” Bonnie Chan Yi-ting said in […]
China’s newest aircraft carrier is a substantial capability jump as it builds a modern blue-water navy. Carriers are important to China’s national identity and vision of being a great power. Carriers are also useful tools China can use to address a variety of strategy and security issues. China is building a fleet of aircraft carriers, […]