In 2009, Nvidia Corp. CEO Jensen Huang predicted a fundamental shift in computing power, arguing that GPUs would eventually eclipse CPUs as the industry’s primary engine of innovation, a forecast that has largely come true amid today’s AI boom. During...
In 2009, Nvidia Corp. CEO Jensen Huang predicted a fundamental shift in computing power, arguing that GPUs would eventually eclipse CPUs as the industry’s primary engine of innovation, a forecast that has largely come true amid today’s AI boom. During...
Updated Pentagon list includes swathe of China’s top technology firms in move that could inflame tensions between the countries The US added Chinese e-commerce company Alibaba, internet search provider Baidu and automaker BYD to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries. The long-awaited update released on Monday supe...
Updated Pentagon list includes swathe of China’s top technology firms in move that could inflame tensions between the countries The US added Chinese e-commerce company Alibaba, internet search provider Baidu and automaker BYD to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries. The long-awaited update released on Monday supersedes a list from early 2025, and comes less than a month after Donald Trump met China’s Xi Jinping on a visit to Beijing, where the two leaders maintained a delicate trade war truce. Continue reading...
EschCollection/DigitalVision via Getty Images FDMO at a Glance The fund I'm reviewing today is the Fidelity Momentum Factor ETF ( FDMO ) - which is one of those funds that sounds a lot riskier than it actually is. The word "momentum" immediately makes people think of meme stocks, chasing performance, and buying whatever ran the hardest over the last three months. But when you actually look under t...
EschCollection/DigitalVision via Getty Images FDMO at a Glance The fund I'm reviewing today is the Fidelity Momentum Factor ETF ( FDMO ) - which is one of those funds that sounds a lot riskier than it actually is. The word "momentum" immediately makes people think of meme stocks, chasing performance, and buying whatever ran the hardest over the last three months. But when you actually look under the hood, that's not really what this ETF is doing, and I think it's worth a glance. FDMO is owned and operated by Fidelity with $ 903MM in assets as of June 5, 2026, and went live in September 2026. The fund still lives squarely in the large- and mid-cap U.S. universe. You're not getting micro-cap biotech companies or speculative stories with no earnings. Instead, Fidelity uses a systematic approach to overweight big companies demonstrating stronger relative price trends and underweight those losing leadership. In practice, that means the portfolio naturally migrates toward the parts of the market that are working while staying anchored in companies most investors already know. The timing of that approach has been particularly favourable recently. After a volatile start to the year, FDMO has quietly put together a very strong 2026, handily outperforming the broader market as leadership once again concentrated around technology, communications, and companies benefiting from the ongoing AI investment cycle. Momentum isn't always rewarded, but over the past eighteen months it absolutely has been, and FDMO has been one of the cleaner ways to access that trend. Portfolio: Chasing Winners Without Going Off the Deep End This is really where I think the fund separates itself from some of the more niche factor products on the market. Because if you hear "momentum ETF," you might expect to find a collection of obscure names you've never heard of that happened to spike recently. Instead, FDMO's top holdings include companies like Nvidia, Apple, Amazon, Alphabet, Meta, Broadcom, Tesla,...
IDC Senior Research Director Nabila Popal says Apple's Siri AI holds two key advantages over other AI models: its access to personal contacts and strong focus on privacy and security. She also says Apple has caught up on AI strategy this year and its new features will enhance user experience. (Source: Bloomberg)
IDC Senior Research Director Nabila Popal says Apple's Siri AI holds two key advantages over other AI models: its access to personal contacts and strong focus on privacy and security. She also says Apple has caught up on AI strategy this year and its new features will enhance user experience. (Source: Bloomberg)
A number of stocks jumped in the afternoon session after the broader semiconductor sector recovered from a sharp selloff during the previous trading session.
A number of stocks jumped in the afternoon session after the broader semiconductor sector recovered from a sharp selloff during the previous trading session.
The U.S. stock market is climbing Tuesday as artificial-intelligence stocks regain more of their sudden and sharp losses from last week, while oil prices ease. The latest monthly updates on U.S. inflation will arrive later in the week, with one on consumer prices coming Wednesday and one on wholesale prices coming Thursday.
The U.S. stock market is climbing Tuesday as artificial-intelligence stocks regain more of their sudden and sharp losses from last week, while oil prices ease. The latest monthly updates on U.S. inflation will arrive later in the week, with one on consumer prices coming Wednesday and one on wholesale prices coming Thursday.
10 Enduring Lessons From Adam Smith Authored by Nikolai G. Wenzel via The Daily Economy , Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith's 1776 magnum opus, "An Inquiry Into the Nature and Causes of the Wealth of Nations," was the first comprehensive treatise. A stat...
10 Enduring Lessons From Adam Smith Authored by Nikolai G. Wenzel via The Daily Economy , Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith's 1776 magnum opus, "An Inquiry Into the Nature and Causes of the Wealth of Nations," was the first comprehensive treatise. A statue of Adam Smith in Edinburgh, Scotland, in a file photo. Travel Telly/Shutterstock In this 250th anniversary year, much ink will be spilled - and with good reason - celebrating the legacy of Adam Smith. My purpose here is as joyous as it is modest: to share ten quotations that are particularly relevant today, and demonstrate Adam Smith's enduring influence. I like to weave them into my lectures - on markets, on political economy, on constitutional economics, or on the moral foundations of capitalism. Adam Smith, in the versatility of his writings, was indeed a man for all seasons. 1. The Invisible Hand Acts "[B]y directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention .... By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it . I have never known much good done by those who affected to trade for the public good." Perhaps the single best-known concept from Adam Smith, the invisible hand was famously picked up by the Austrian school of economics and its key lesson of spontaneous order. F.A. Hayek, especially, noted the importance of phenomena that were "the result of human action, but not of human design." Alas, interventionists of all stripes still think they can supersede the invisible hand of the market. 2. People Are Not Pawns The flip side of the invisible hand involves social and economic engineering. Adam Smith was...
natatravel/iStock via Getty Images By Money Metals News Service Retail bargain hunters stepped in significantly over the past few days as gold and silver markets suffered their sharpest setback in several months last week. The selloff was driven less by any deterioration in precious metals fundamentals and more by a rapid repricing of interest rate expectations following stronger-than-anticipated ...
natatravel/iStock via Getty Images By Money Metals News Service Retail bargain hunters stepped in significantly over the past few days as gold and silver markets suffered their sharpest setback in several months last week. The selloff was driven less by any deterioration in precious metals fundamentals and more by a rapid repricing of interest rate expectations following stronger-than-anticipated U.S. economic data. Silver is testing its 200-day moving average, a key price support level. Gold declined nearly 5% for the week, while silver plunged almost 9%, extending a correction that has gathered momentum since reaching multi-month highs earlier this quarter. Silver once again demonstrated its more volatile nature, amplifying gold's downside move and causing the gold-to-silver ratio to widen significantly. The primary catalyst was the May U.S. employment report. Non-farm payrolls increased by 139,000 jobs, surpassing expectations, while the unemployment rate held steady at 4.2%. The data reinforced the perception that the labor market remains resilient despite mounting concerns over slowing economic growth, which reduced expectations for near-term Federal Reserve rate cuts. That shift pushed Treasury yields and real interest rates higher while boosting the U.S. dollar. Since precious metals compete with interest-bearing assets for investor capital, rising real yields tend to create headwinds for both gold and silver. The payrolls report effectively removed a portion of the safe-haven premium that had accumulated in recent weeks and triggered widespread liquidation among leveraged futures traders. Geopolitical risks offered little support. Ongoing hostilities in the Middle East and elevated energy prices failed to generate meaningful safe-haven buying. Instead, investors focused on the inflationary implications of higher oil prices and the possibility that sticky inflation could force the Federal Reserve to keep policy restrictive for longer. From a technical perspec...