Category: News
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Investment fund reforms come into effect July 1
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The big winners in long-term savings in Israel are those who directed their money into passive funds that track the S&P 500 and Nasdaq. The two leading US indexes returned 24% and 43% respectively in 2023, and so far this year they are up another 16% and 21%, leaving the…
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Nvidia’s surge reveals a pitfall of passive investing: Morning Brief
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This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: Nvidia (NVDA) hit its 43rd record closing high on Tuesday, putting its 2024 return close to 175%. Unfortunately, passive investors who rely on mutual funds and ETFs as investment…
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onsemi to invest up to $2B to build chip facility in Czech Republic
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sefa ozel/E+ via Getty Images onsemi, based in Scottsdale, Arizona, plans to invest up to $2 billion to build an integrated silicon carbide manufacturing facility in the Czech Republic. Company He said on Wednesday that the site will produce smart power semiconductors needed to improve energy efficiency in applications In…
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AI boom makes European universities the new Harvard and Stanford for tech talent
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The New Age dramatic tale of a college student striking gold on a billion-dollar idea shortly after putting on his graduation gown has been a very American dream for most of the 21st century. While Europe lagged behind the technology boom, the founders of Google, Meta, and Microsoft, who were…
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Pavraj takes a bite of meat business with meatless startup
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At the Kenya Meat Expo and Conference held last week, the sweet smell of grilled meat whetted the appetites of many. But in the meat-filled environment lurks a stranger, Paaraj Sehra. While many exhibitors displayed meat products and meat cutting equipment, Pavraj had meat alternative products, made from soybeans and…
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London Reclaims Title as Europe’s Largest Stock Market
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The UK’s main stock market has regained its position as Europe’s most valuable market for the first time in nearly two years. The total value of companies listed on the London Stock Exchange (LSE) reached $3.18 trillion on Monday, surpassing the $3.13 trillion valuation of Paris-listed companies, according to Bloomberg…
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GPS Capital Markets Enters into Agreement to be Acquired by Corpay
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Article content SALT LAKE CITY, June 19, 2024 (GLOBE NEWSWIRE) — GPS Capital Markets, LLC, a leading financial technology company providing foreign exchange services to businesses, announces that it has entered into a definitive agreement to be acquired by Corpay, Inc. (NYSE: CPAY), a leading enterprise payments company. This acquisition…
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Dor Alon buys 75% stake in Kafu Zan
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The gas station chain is buying control of the refrigerated and frozen foods company Kavo Zan for NIS 120-130 million. Gas station company Dor Alon Energy Israel 1988 Ltd. (TASE: DRAL) announced that it will purchase a 75% stake in Kafu Zan Food Industries for NIS 120-130 million. Kafu Zhan…
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Bitcoin ETF launches on Australia’s main stock exchange for the first time By Reuters
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Written by Lewis Jackson SYDNEY (Reuters) – A bitcoin exchange-traded fund (ETF) launched on Australia’s main stock market for the first time on Thursday, as fund managers launched products to please investors returning to cryptocurrency markets after a price boom. The VanEck ETF with assets of about A$990,000 (US$660,429) has…
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McDonald’s Ditches AI Drive-Thru Voice Technology. What Could This Mean for SoundHound AI Stock?
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McDonald’s (NYSE: MCD) She recently announced that she would be stepping down Artificial Intelligence (AI)-Voice dialing technology supported by Universal business machines (NYSE: IBM). Instead, the fast food giant will look to replace the technology with an alternative solution by the end of the year. Let’s take a closer look…
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Hurricane season: First named tropical storm, Alberto, forms in Gulf of Mexico
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Tropical Storm Alberto formed Wednesday in the southwestern Gulf of Mexico, the first named storm expected to be a storm Busy hurricane season. Alberto, which is bringing strong winds, heavy rain and some flooding along the Texas and Mexican coasts, is expected to make landfall in northern Mexico on Thursday.…
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Okoth Obado off the hook, strikes deal with EACC in Sh2bn graft case
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Former Migori governor Okoth Obado and the anti-graft body have reached a compromise in a deal that will see him confiscate two high-end cars, a house in Loricho and other properties worth Sh235 million. In an approval recorded before Supreme Court Justice Esther Maina, the Ethics and Anti-Corruption Commission dropped…
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Rail Season Ticket Usage Hits Record Low Amid Shift to Hybrid Working
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The use of rail season tickets in Great Britain has fallen to an all-time low, driven by a significant increase in working from home since the Covid-19 pandemic. According to figures from the Office of Rail and Road (ORR), the industry regulator, the number of rail journeys taken by people…
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Erdene Releases 2024 Shareholder Letter
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 19, 2024 • 2 min…
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Israel and Morocco defense cooperation deepens
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The Israeli Navy’s new landing ship, INS Komemiyut, which arrived in Israel this week from the United States, did so after contacting Morocco to receive supplies, according to information received by Globes from sources familiar with the matter, and supported by ship logs on the Vessel website. Finder. As part…
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Israel and Morocco defense cooperation deepens
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The Israeli Navy’s new landing ship, INS Komemiyut, which arrived in Israel this week from the United States, did so after contacting Morocco to receive supplies, according to information received by Globes from sources familiar with the matter, and supported by ship logs on the Vessel website. Finder. As part…
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Oil dips after hitting seven-week highs on demand hopes, war jitters By Reuters
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Written by Deep Kaushik Vakil and Nia Williams (Reuters) – Oil prices fell on Wednesday after hitting a seven-week high, as summer demand optimism and concerns about escalating conflicts outweighed an industry report that said inventories had risen unexpectedly. By 1803 GMT, futures fell six cents, or 0.1%, to $85.33…
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Employees Who Joined Nvidia 5 Years Ago Now Millionaires And Coasting In ‘Semi-Retirement’
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Employees who joined Nvidia 5 years ago are now millionaires and live in “semi-retirement” Nvidia (NASDAQ:NVDA) has seen incredible growth in recent years. Since the beginning of 2024, the company’s stock has jumped by 167%. Over the past five years, it has risen by a staggering 3,450%. Given these numbers,…
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‘Sometimes, the facts don’t matter’: Attacks on DEI are an anti-capitalist war on American prosperity
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Few three-letter words have polarized our country more than DEI — formerly known as Diversity, Equity, and Inclusion. DEI has embroiled America in a devastating rhetorical civil war, and it is tearing our nation apart. Fiercely loyal warriors on both sides of the debate passionately assert their case, willing to…