The official X account for OpenAI’s ChatGPT used the same “I’m sick” post as United States President Joe Biden did before playfully mocking general intelligence.
As the 2024 presidential election nears, BlackRock Head of iShares Investment Strategy Americas Kristy Akullian joins Wealth! to discuss potential volatility and the outlook for ETFs. "We hear a lot from investors that they're worried about the volatility that comes with elections. And they're worried about election results. I think the number one message that we have for investors is just the importance of staying invested. We just like to remind people that irrespective of who holds power, equity markets do what they do. And that's typically go up," Akullian says. She explains that there are areas of overlap for both parties, and points to iShares US Tech Independence Focused ETF (IETC) as an investment opportunity poised to benefit from either a Trump or Biden administration. She expects that active ETF assets under management will grow to $4 trillion by 2030, adding, "I think there's some other really interesting cohorts of funds that are things like outcome-based investing. So some of them are yield-enhancing using option strategies and overlays and things to either buffer against a downside or actually increase income in some of those as well. So I think there's a lot of flavors of active management. And that's part of the reason why we see such growth opportunity is because there's kind of something for everybody." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
The Healthcare sector offers plenty of bargains, with a surprising number of the prominent healthcare stocks held by the Health Care Select Sector SPDR (XLV) trading at low prices. Against a market backdrop where Technology sector stocks have racked up huge gains over the past year-plus, a sector like Healthcare looks like an attractive place for investors to allocate some of their profits if the market rotates and the rally expands beyond big tech. I’m bullish on XLV based on the inexpensive va
Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the country’s growing cryptocurrency sector.
Wall Street is currently witnessing the "Great Rotation," with investors shunning hot technology stocks in favor of smaller companies and other sectors. ETFs, which were depressed this year, have started to gain momentum and hit new 52-week highs in the latest trading session.
The lawsuit, initially filed by IRA in June 2022, alleged that Gemini misrepresented its security protections, resulting in an exploit that removed $36 million in crypto.
President Biden has been ruthless in his quest to eradicate the crypto industry. Trump should commit to pardoning the developers that Biden imprisoned.