Here’s why the SPY ETF is losing billions as IVV and VOO gain
The SPDR S&P 500 Trust (SPY) ETF has continued to shed assets this year, making it the worst-performing in Wall Street. It has lost over $32 billion in assets, while…
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Ford stock tumbles 7% after report that Novelis plant fire will disrupt production
Shares of Ford Motor Co. plunged more than 7% to $11.82 during early trading on Tuesday after reports that a fire at a New York aluminium plant operated by Novelis…
US holiday spending to reach $253B as AI, BNPL reshape shopping, Adobe forecasts
Online shoppers in the US are expected to spend $253.4 billion this November and December, a 5.3% rise from last year, according to Adobe Inc. But this holiday season’s growth…
Top news to move SPY, IVV, and VOO ETFs this week
The S&P 500 Index soared to a record high last week, continuing a bullish trend that started in April when it bottomed after Donald Trump launched his tariffs. This article…
Former Tesla exec sees continued growth for EVs; Ford’s CEO warns of a collapse
A high-stakes and deeply divided debate has erupted at the highest levels of the auto industry, as two of its most influential figures offer starkly opposing visions for the future…
Alibaba, SMIC lead China’s AI-driven market revival, but worries of overheating linger
China’s stock markets are staging a strong rally, with artificial intelligence emerging as the central force behind investor enthusiasm. The sharp rise follows a muted 2024, when Chinese equities were…
Why are the S&P 500, Dow Jones, Nasdaq 100 indices soaring?
The three main stock market indices in the United States are firing on all cylinders this year. The S&P 500 Index jumped to a record high of $6680 on Wednesday,…
US manufacturing growth slows in September as tariffs weigh on exports
The US manufacturing sector grew for a ninth straight month in September but at a slower pace, according to S&P Global data. The Manufacturing Purchasing Managers Index (PMI) came in…
UiPath stock jumps 20% on four new AI partnerships
UiPath Inc (NYSE: PATH) opened more than 20% up this morning after the software firm unveiled strategic partnerships with four big names – Nvidia, OpenAI, Google, and Snowflake.The announcement, made…
What a US government shutdown could mean for stocks and cryptocurrencies
The US government is once again teetering on the edge of a shutdown as lawmakers clash over federal spending priorities.With the September 30 deadline looming, Democrats are pushing to restore…