In 2022, the safety-trade trend was reversed as investors shifted their focus to tech stocks, causing a substantial decline in Dividend ETF flows from the previous year’s record. Dividend ETFs, including popular ones, have struggled to keep pace with the broader stock market this year as mega-cap tech stocks experienced a surge. Investors’ abandonment of…
A Florida man, 28-year-old Paul Ryan Overeem, was arrested this week for allegedly planning a “mass casualty event” at Tesla’s Cybertruck promotional event in Austin. Overeem is suspected of harboring a strong hatred for technology and had previously made threatening posts against Tesla on Instagram. Overeem, who had been under investigation for the threatening posts…
MG Motor India reported a 2% increase in retail sales in November 2023, with a total of 4,154 units sold. This is up from 4,079 units sold in November 2022. Additionally, the automaker noted that EV sales accounted for around 30% of the total vehicles sold last month. In a statement, MG Motor India emphasized…
Charlie Munger, the vice chairman of Berkshire Hathaway, passed away one month before his 100th birthday. His death leaves a legacy of business acumen and straightforward speaking that has influenced generations of investors. Munger’s investment philosophy had a significant impact on Warren Buffett, shaping the sprawling conglomerate worth almost $800 billion that Berkshire is today….
Saudi Arabia is considering flooding the oil market with increased supply, which could be enough to lower prices, a prominent expert suggested. OPEC+ concluded its most recent meeting without making firm commitments on production cuts, causing oil prices to fall. Meanwhile, Saudi Arabia is reportedly contemplating reversing its production curbs as it attempts to regain…
Amazon and SpaceX have reached a deal to launch satellites supporting Amazon’s Project Kuiper. The deal involves using SpaceX’s reusable Falcon 9 rockets for three planned launches in early to mid-2025. Though financial terms have not been disclosed, the launches will help Amazon increase its capacity to deploy low Earth orbit satellites beginning in the…
Astrology and Engineering: The Winning Combination for Entrepreneurs A recent report by Hurun and IDFC First has revealed that a significant number of India’s top self-made entrepreneurs share some common traits: they are engineers with IIT degrees and are born under the Virgo star sign. The report also indicates that 225 of the 405 founders…
Bill Gates, the billionaire philanthropist, expressed his concerns about the world overshooting a critical temperature threshold that could result in dangerous and potentially irreversible impacts. He made these comments during the COP28 climate conference in the United Arab Emirates. Gates, known for his optimism, acknowledged that the world may not be able to prevent 2…
India’s GST revenue hits 8-month high of Rs 1,67,929 crore in November The country’s gross GST revenue jumped by 15% to reach an 8-month high of Rs 1,67,929 crore in November, as reported by the Finance Ministry on Friday. During the month, domestic transaction revenues (including import of services) were 20% higher than the revenues…
India’s Rinku Singh credits his calm approach during pressure situations in the ongoing T20I series against Australia to playing in the Indian Premier League, while also attributing his ability to play big shots with ease to weight training. In the latest match, Rinku scored a blazing 29-ball 46, while his teammate Jitesh Sharma, playing in…
