A machine-guided fund which is crushing the performance of the S&P 500 Index this year has shifted heavily into technology stocks and slashed holdings of cyclical industrial names since the U.S. election. The AI Powered Equity ETF (AIEQ), an exchange-traded fund driven by artificial intelligence, now has more than 37% of its holdings in tech, a rise of 9 percentage […]

NEW YORK (Reuters) – Goldman Sachs Chief Executive David Solomon’s annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed Tuesday, reflecting the bank’s role in Malaysia’s 1MDB scandal.FILE PHOTO: Goldman Sachs’ Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. […]

MILTON KEYNES, England (Reuters) – British couple Elizabeth Kerr and Simon O’Brien had been planning to marry in June. Then COVID-19 struck. Both contracted the disease and were rushed to Milton Keynes University Hospital in the same ambulance when their oxygen levels fell dangerously low. Kerr and O’Brien became so ill that medical staff scrambled to organize a wedding before […]

California mudslides: What makes them so destructive? This animated video explains how mudslides can be so destructive after the recent spate of deadly wildfires. A potent atmospheric river barreled toward California on Tuesday, bringing the threat of downpours that could unleash destructive debris flows from wildfire burn scars as well as a heavy dump of snow in the Sierra Nevada. Evacuation orders were […]

New York’s apartment investors are suddenly waist-deep in distress. By December, they were behind on $395 million of debt backed by mortgage bonds, almost 150 times the level a year earlier, according to Trepp data on commercial mortgage-backed securities. Tenants in rent-stabilized units owe at least $1 billion in rent and wealthier ones are fleeing the city, leaving behind vacancies […]

LONDON (Reuters) – Europe’s biggest utility Enel is considering joining the race for British power utility Western Power Distribution (WPD), as part of a consortium advised by investment bank Rothschild, two sources close to the matter said.FILE PHOTO: A logo of Italian multinational energy company Enel is seen at the Milan’s headquarter, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File PhotoStill […]

(Reuters) – Individual investors again piled into several niche stock market plays on Tuesday, prompting hedge fund short-sellers to scramble to cover losing bets and driving a rally in shares of companies including GameStop and Etsy.A man walks past a GameStop store in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad KhursheedThe surge in recent […]

The stock market’s meteoric rise despite COVID-19 has more people getting interested in trading. It hasn’t been hard for many new traders to make a couple bucks since last April, at the height of the pandemic, and many are now considering themselves experts. Playing in a bull market propelled by the Federal Reserve is one thing, but some of these […]