mixmotive S&P Global's decision to exclude SpaceX ( SPCX ) from the S&P 500 index ( SP500 ), ( SPY ) is a significant mistake that forces the benchmark provider into making a risky bet against one of the world's most valuable companies, according to Peter Haynes, head of index and market structure research at TD Securities. In an interview with CNBC, Haynes expressed his disappointment with S&P's ...
mixmotive S&P Global's decision to exclude SpaceX ( SPCX ) from the S&P 500 index ( SP500 ), ( SPY ) is a significant mistake that forces the benchmark provider into making a risky bet against one of the world's most valuable companies, according to Peter Haynes, head of index and market structure research at TD Securities. In an interview with CNBC, Haynes expressed his disappointment with S&P's choice not to follow through on a consultation that suggested mega-cap companies like SpaceX ( SPCX ) would become eligible for index inclusion within six months of their IPO. Instead, the waiting period extends to at least one year, compounded by a profitability requirement that could keep high-valuation companies on the sidelines indefinitely. "S&P is making a huge bet against what is arguably very valuable companies," Haynes said. "The market is pricing these stocks, whether you agree or not, at trillion-dollar companies and not including them in the primary benchmarks that cover that segment of the market for an extended period of time is, in my opinion, not the right decision." Haynes argued that the fundamental purpose of an index is to represent the market and its segments. While SpaceX will be included in almost every other important U.S. benchmark, its absence from the S&P 500 creates a notable gap in what he called "the most important bellwether benchmark in the U.S." The TD Securities analyst also challenged the profitability requirement , noting that numerous companies already in S&P's 1,500 indices are currently unprofitable despite having been profitable at the time of their inclusion. "I do think that profit test is a little bit outdated," Haynes said. Drawing a historical parallel, Haynes pointed to Microsoft ( MSFT ), which took eight to 10 years to gain entry into the S&P 500 ( SP500 ) in the 1990s. He questioned whether that prolonged exclusion would be viewed favorably in hindsight, suggesting the current approach represents a similar gamble. While ackno...
The American author received ‘thousands of rejections’ over two decades before finally hitting gold with her first published novel Just as I am about to interview this year’s Women’s prize winner , debut American novelist Virginia Evans, at the party on a drizzly evening in a leafy London square, we are interrupted because someone wants to congratulate her. The fan is Richard Curtis. A warm-hearte...
The American author received ‘thousands of rejections’ over two decades before finally hitting gold with her first published novel Just as I am about to interview this year’s Women’s prize winner , debut American novelist Virginia Evans, at the party on a drizzly evening in a leafy London square, we are interrupted because someone wants to congratulate her. The fan is Richard Curtis. A warm-hearted weepy with a sprinkling of gentle humour, Evans’s prize-winning novel The Correspondent is prime Curtis material. In fact, he is too late. “I think he just wants to be my friend,” Evans jokes modestly – Notting Hill is her favourite movie of all time. A film of The Correspondent is already in the pipeline with Jane Fonda playing 73-year-old Sybil Van Antwerp, the crotchety correspondent of the title. Evans will be one of the producers and will have a cameo appearance, “walking a dog or something”. Continue reading...
If you want the most Social Security checks possible, signing up as soon as you become eligible is your best move. But if you want the largest lifetime benefit, that might not be the best choice. Claiming Social Security early -- that is, before your full retirement age (FRA) -- shrinks your benefits, and the loss is usually permanent. This is costly for all early claimants, though one group pays ...
If you want the most Social Security checks possible, signing up as soon as you become eligible is your best move. But if you want the largest lifetime benefit, that might not be the best choice. Claiming Social Security early -- that is, before your full retirement age (FRA) -- shrinks your benefits, and the loss is usually permanent. This is costly for all early claimants, though one group pays a steeper price than the rest. Image source: Getty Images. Continue reading
There is a world of stocks out there. Diversified investors would be wise to hold some in their portfolios. But the question is which is the better fund to get global stock exposure? The State Street SPDR Portfolio MSCI Global Stock Market ETF (NYSEMKT:SPGM) offers all-in-one global equity exposure, while the iShares Core MSCI EAFE ETF (NYSEMKT:IEFA) targets developed markets excluding North Ameri...
There is a world of stocks out there. Diversified investors would be wise to hold some in their portfolios. But the question is which is the better fund to get global stock exposure? The State Street SPDR Portfolio MSCI Global Stock Market ETF (NYSEMKT:SPGM) offers all-in-one global equity exposure, while the iShares Core MSCI EAFE ETF (NYSEMKT:IEFA) targets developed markets excluding North America. These two funds provide different building blocks for an international portfolio. The iShares fund tracks developed markets like Japan and the United Kingdom, serving as a complement to U.S. holdings, whereas the State Street fund serves as a total-world solution that includes American and emerging-market companies. Continue reading
One of the world’s most active ransomware groups exploited a critical vulnerability in Oracle’s PeopleSoft software suite and used it to target about 100 customers and extort at least one of them to pay up in exchange for not leaking stolen data, researchers said. The group, tracked as ShinyHunters, had been exploiting the PeopleSoft vulnerability for more than two weeks before Oracle flagged it. ...
One of the world’s most active ransomware groups exploited a critical vulnerability in Oracle’s PeopleSoft software suite and used it to target about 100 customers and extort at least one of them to pay up in exchange for not leaking stolen data, researchers said. The group, tracked as ShinyHunters, had been exploiting the PeopleSoft vulnerability for more than two weeks before Oracle flagged it. CVE-2026-35273, as the vulnerability is tracked, carries a severity rating of 9.8 out of 10, making the former zero-day one of the year’s most critical vulnerabilities to be exploited. Google’s Mandiant security team said it’s an SSRF (server-side request forgery), a vulnerability that allows attackers to send requests from a susceptible server to systems used by the targeted organization. Oracle said the SSRF is remotely exploitable, and the company has issued a stopgap mitigation but has yet to fully patch the flaw. Google has confirmed that victims are receiving extortion demands. Read full article Comments