This week, US President Donald Trump warned Taiwan against declaring independence, the death toll from the outbreak of Ebola in DR Congo continued to rise, and Sir David Beckham became the UK's first billionaire sportsman.
This week, US President Donald Trump warned Taiwan against declaring independence, the death toll from the outbreak of Ebola in DR Congo continued to rise, and Sir David Beckham became the UK's first billionaire sportsman.
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: KPMG Chief Economist Diane Swonk, Advisors Capital Management Portfolio Manager & Partner JoAnne Feeney, RockCreek Co-Chief Investment Officer Alifia Doriwala, and Tabor Asset Management Research Director, Consumer Sector Head Laura Champine. (Source: Bloom...
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: KPMG Chief Economist Diane Swonk, Advisors Capital Management Portfolio Manager & Partner JoAnne Feeney, RockCreek Co-Chief Investment Officer Alifia Doriwala, and Tabor Asset Management Research Director, Consumer Sector Head Laura Champine. (Source: Bloomberg)
Almost a decade ago, Scott Wilson , the chief investment officer at Washington University in St. Louis , placed about $50 million of the school’s money in SpaceX . That bet ultimately has surged to become more than 10% of the school’s now $17 billion of assets, most of which is its endowment. The stake was largely made through co-investments plus money in later rounds through outside private equit...
Almost a decade ago, Scott Wilson , the chief investment officer at Washington University in St. Louis , placed about $50 million of the school’s money in SpaceX . That bet ultimately has surged to become more than 10% of the school’s now $17 billion of assets, most of which is its endowment. The stake was largely made through co-investments plus money in later rounds through outside private equity and venture capital managers. WashU is now expected to see a windfall when Elon Musk ’s company completes what is poised to be the world’s biggest-ever initial public offering . It’s an example of how the endowment has benefited from taking a long-time horizon and concentrating its bets. Read More: SpaceX IPO Requires Leap of Faith in AI, Mars and Musk’s Vision “Hopefully it’s not our last one,” Wilson said. “We try to find really great partners and do interesting things. When they find something that is super attractive we try to add capital to those individual ideas.” A former trader at Barclays Plc and Bank of America Corp. , Wilson takes a different approach than the richest colleges, which have long invested in private equity, venture capital and hedge funds. He instead concentrates his portfolio on a small number of managers. About 40% of the WashU fund is co-investments alongside outside managers. “We have 30 partners that really matter to us,” he said. “We deploy the bulk of capital through a small handful of really close partners.” Read More: Washington University Reaps ‘Game-Changing’ 65% Endowment Gain Washington University isn’t the only school with exposure to Musk’s rocket, satellite and artificial intelligence company. Vanderbilt University estimates its SpaceX position to be about $171 million, according to Anders Hall, its investment chief. The school’s endowment totals $10.9 billion as of June 2025. Some of Vanderbilt’s investments were made more than a decade ago through relationships with general partners, Hall said. Wealthy US colleges have the advant...
Oracle’s ORCL NetSuite business continues to gain traction in the mid-market segment as more companies shift away from traditional on-premises software toward cloud-based systems. NetSuite delivers a unified, multi-tenant, AI-enabled ERP platform that brings together key business processes, such as finance, operations and analytics into a single system with real-time data visibility. This integrat...
Oracle’s ORCL NetSuite business continues to gain traction in the mid-market segment as more companies shift away from traditional on-premises software toward cloud-based systems. NetSuite delivers a unified, multi-tenant, AI-enabled ERP platform that brings together key business processes, such as finance, operations and analytics into a single system with real-time data visibility. This integrated and scalable approach appeals especially to mid-sized organizations that want to modernize their technology infrastructure efficiently while avoiding the complexity and cost of large, heavily customized enterprise solutions. The company’s NetSuite Cloud ERP division reached $1.1 billion in revenues during the third quarter of fiscal 2026, registering growth of 14% in USD and 11% in constant currency. This performance positions NetSuite as a significant contributor to Oracle's broader cloud momentum, which saw total cloud revenues climb to $8.9 billion, up 44% in USD and 41% in constant currency. Oracle continued expanding artificial intelligence functionality across its NetSuite platform during fiscal 2026. Management highlighted the deployment of more than 100 AI agents and AI-powered features designed to automate workflows, improve productivity and enhance business process efficiency. It is noteworthy that enterprises are increasingly shifting from legacy on-premises applications to cloud environments that can better support advanced AI capabilities and real-time data processing. The deeper integration of AI-driven automation within NetSuite strengthens the platform’s appeal among mid-sized businesses pursuing digital transformation initiatives. These businesses are seeking modern cloud-based ERP solutions with embedded intelligence and operational scalability. The division benefits from Oracle's expanding cloud infrastructure, which provides enhanced platform reliability and geographic reach. Oracle's Remaining Performance Obligations soared 325% year over year to $55...
Oracle’s ORCL NetSuite business continues to gain traction in the mid-market segment as more companies shift away from traditional on-premises software toward cloud-based systems. NetSuite delivers a unified, multi-tenant, AI-enabled ERP platform that brings together key business processes, such as finance, operations and analytics into a single system with real-time data visibility. This integrat...
Oracle’s ORCL NetSuite business continues to gain traction in the mid-market segment as more companies shift away from traditional on-premises software toward cloud-based systems. NetSuite delivers a unified, multi-tenant, AI-enabled ERP platform that brings together key business processes, such as finance, operations and analytics into a single system with real-time data visibility. This integrated and scalable approach appeals especially to mid-sized organizations that want to modernize their technology infrastructure efficiently while avoiding the complexity and cost of large, heavily customized enterprise solutions. The company’s NetSuite Cloud ERP division reached $1.1 billion in revenues during the third quarter of fiscal 2026, registering growth of 14% in USD and 11% in constant currency. This performance positions NetSuite as a significant contributor to Oracle's broader cloud momentum, which saw total cloud revenues climb to $8.9 billion, up 44% in USD and 41% in constant currency. Oracle continued expanding artificial intelligence functionality across its NetSuite platform during fiscal 2026. Management highlighted the deployment of more than 100 AI agents and AI-powered features designed to automate workflows, improve productivity and enhance business process efficiency. It is noteworthy that enterprises are increasingly shifting from legacy on-premises applications to cloud environments that can better support advanced AI capabilities and real-time data processing. The deeper integration of AI-driven automation within NetSuite strengthens the platform’s appeal among mid-sized businesses pursuing digital transformation initiatives. These businesses are seeking modern cloud-based ERP solutions with embedded intelligence and operational scalability. The division benefits from Oracle's expanding cloud infrastructure, which provides enhanced platform reliability and geographic reach. Oracle's Remaining Performance Obligations soared 325% year over year to $55...
宏福苑｜有居民拍一家七口合照留念 帶Time to go home襟章上樓執拾 【有線新聞】宏仁、宏新及宏泰閣繼續開放給居民上樓執拾。 宏福苑第二輪上樓執拾，第二日開放宏仁閣、宏新閣及宏泰閣的中層單位。有居民第二次回家，仍然帶備大背包、行李箱，希望盡量帶走家中的物品。有家庭進入社區會堂登記前，拍下一家七口的家庭照。 宏仁閣居民胡小姐說：「因為爸爸的腳不太方便，已經沒有能力再上去。爸爸辛苦供樓，誰知...
宏福苑｜有居民拍一家七口合照留念 帶Time to go home襟章上樓執拾 【有線新聞】宏仁、宏新及宏泰閣繼續開放給居民上樓執拾。 宏福苑第二輪上樓執拾，第二日開放宏仁閣、宏新閣及宏泰閣的中層單位。有居民第二次回家，仍然帶備大背包、行李箱，希望盡量帶走家中的物品。有家庭進入社區會堂登記前，拍下一家七口的家庭照。 宏仁閣居民胡小姐說：「因為爸爸的腳不太方便，已經沒有能力再上去。爸爸辛苦供樓，誰知化成烏有，想在這裡，對著我們的一座，一起拍張照片。我今日帶了一個很可愛的襟章，叫做Time to go home，上去再懷緬、再執拾。上次拿很少東西，今次一定是衝刺，將家中所有東西盡量拿下來。」
Like most payment companies and banks, the stablecoin firm is lining up a suite of services for demand that hasn't quite materialized, but likely will – in some form.
Like most payment companies and banks, the stablecoin firm is lining up a suite of services for demand that hasn't quite materialized, but likely will – in some form.
Key Points The new proposal introduces a website marketplace where people can shop for low-cost IRAs. It also provides a way for low-income people to qualify for and collect a matching contribution of up to $1,000 per person. It will likely do more good than harm, but it may not make much of a difference to many people. The $23,760 Social Security bonus most retirees completely overlook › Presiden...
Key Points The new proposal introduces a website marketplace where people can shop for low-cost IRAs. It also provides a way for low-income people to qualify for and collect a matching contribution of up to $1,000 per person. It will likely do more good than harm, but it may not make much of a difference to many people. The $23,760 Social Security bonus most retirees completely overlook › President Trump's administration recently announced a new retirement saving tool: the Trump Individual Retirement Account (IRA). There has been a lot of coverage for it, which might make you think you can set up a Trump IRA today, but you can't. The announcement described the plan and announced its website, TrumpIRA.gov. (The website was not yet online as of this writing and is expected to be live in 2027.) But it will still take an act of Congress to bring the accounts to life. Still, it's worth looking at what has been proposed and whether it might help you. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The Trump IRA proposal Here's how the account is described on the White House website: "Tens of millions of Americans lack access to employer-sponsored retirement plans. Workers in small businesses, part-time workers, independent contractors, and self‑employed workers face unnecessary barriers to saving for retirement. My Administration intends to give these often-left-out American workers access to the same type of retirement-savings opportunities offered to every federal worker and to establish an easy and transparent way for eligible workers to obtain up to a $1,000 match for their savings." The goal is worthy because many workers in America are unable to save for retirement via workplace-sponsored plans such as 401(k) accounts. Note, though, that those folks are generally eligible to save via traditional a...
Diane Swonk, Chief Economist at KPMG joins Scarlet Fu on "Bloomberg Markets." US mortgage rates surged this week to the highest level since August, threatening a spring selling season that was just starting to get a pulse. The average rate for 30-year fixed loans jumped to 6.51% from 6.36%, the biggest weekly increase since the end of March, Freddie Mac reported on Thursday. (Source: Bloomberg)
Diane Swonk, Chief Economist at KPMG joins Scarlet Fu on "Bloomberg Markets." US mortgage rates surged this week to the highest level since August, threatening a spring selling season that was just starting to get a pulse. The average rate for 30-year fixed loans jumped to 6.51% from 6.36%, the biggest weekly increase since the end of March, Freddie Mac reported on Thursday. (Source: Bloomberg)
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) rose about 2% on Thursday after a report said Anthropic is in talks to use the company's custom Maia artificial intelligence chips. Microsoft could rent servers powered by Maia to give Anthropic extra computing capacity for its Claude models. The arrangement would mark a possible win for Microsoft as it tries to broaden its AI hardw...
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT) rose about 2% on Thursday after a report said Anthropic is in talks to use the company's custom Maia artificial intelligence chips. Microsoft could rent servers powered by Maia to give Anthropic extra computing capacity for its Claude models. The arrangement would mark a possible win for Microsoft as it tries to broaden its AI hardware lineup and reduce reliance on Nvidia chips. Microsoft has faced delays in its in-house chip work, and a deal with Anthropic may help it show customers that its Maia platform is gaining traction. It could also give Microsoft a way to compete more directly with cloud rivals that are building their own AI chip strategies. For Anthropic, Microsoft's Maia servers may offer another option for running its models and a chance to shape future chips around its needs. The report said Maia is designed to speed up existing model use, but not to train new ones.
Investors choosing between the iShares U.S. Technology ETF (IYW +0.30%) and the iShares Semiconductor ETF (SOXX +0.57%) are essentially weighing broad software and hardware exposure against a hyper-focused, high-volatility bet on the semiconductor industry. Both funds are seasoned products from the iShares lineup, designed to capture the rapid growth of the digital economy through different lenses...
Investors choosing between the iShares U.S. Technology ETF (IYW +0.30%) and the iShares Semiconductor ETF (SOXX +0.57%) are essentially weighing broad software and hardware exposure against a hyper-focused, high-volatility bet on the semiconductor industry. Both funds are seasoned products from the iShares lineup, designed to capture the rapid growth of the digital economy through different lenses. While IYW casts a wide net across the domestic tech landscape, SOXX targets the specific companies that manufacture the hardware and circuitry powering modern computing. Here’s how they stack up. Snapshot (cost & size) Metric IYW SOXX Issuer iShares iShares Expense ratio 0.38% 0.34% 1-yr return (as of May 21, 2026) 50.51% 147.5% Dividend yield 0.12% 0.36% Beta (5Y monthly) 1.30 2.06 Assets under management (AUM) $21.5 billion $29.6 billion SOXX offers a slight advantage on both fees and income, with a lower expense ratio and higher dividend yield. While the difference is minor on both fronts, it could make a difference over time. Performance & risk comparison Metric IYW SOXX Max drawdown (5 yr) -39.4% -45.8% Growth of $1,000 over 5 years (total return) $2,674 $3,904 What's inside SOXX focuses specifically on semiconductor stocks, with just 30 holdings. Its largest positions include Micron Technology, Advanced Micro Devices, and Broadcom, and it has paid $1.67 per share in dividends over the trailing 12 months. IYW provides broader exposure with 139 holdings from across the tech sector. Its top holdings include Nvidia, Apple, and Alphabet, and it offers a trailing-12-month dividend of $0.27 per share. For more guidance on ETF investing, check out the full guide at this link. What this means for investors SOXX and IYW take vastly different approaches to tech stocks, and the right one for you will depend on your goals, personal preferences, and risk tolerance. SOXX is far narrower, with just 30 holdings concentrated in one subsector. This results in minimal diversification, ...