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  • BusinessReuters

    Analysis-Nvidia's dizzying rally spurs rush into AI-themed ETFs

    The fervor around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia. All told, the universe of AI-themed ETFs traded in the United States has soared to $6.88 billion as of the end of February from $2.55 billion a year earlier, Morningstar data showed. "It's still so early in the evolution of this category ... that investors are still sorting through

    4 min read
  • BusinessAFP

    Yen drops, Asian markets mixed as Japan hikes interest rates

    The yen weakened and Tokyo stocks rose Tuesday after the Bank of Japan hiked interest rates for the first time in 17 years as it shifted away from its long-running ultra-loose monetary policy.While the moves were a major change from a long-running policy, traders took them in their stride, with Japanese stocks rising and yen down against the dollar owing to fading expectations for US rate cuts this year.

    3 min read
  • BusinessTipRanks

    Lyft (NASDAQ:LYFT) Is Becoming the Ridesharing Industry’s Third Wheel

    On the surface level, ridesharing service provider Lyft (NASDAQ:LYFT) seems like an attractive, undervalued alternative to sector king Uber (NYSE:UBER). Further, with the economy on a recovery trek, the smaller competitor could ride coattails. However, should broader conditions become squeezed, the ridesharing industry could become commoditized. In that scenario, Lyft arguably doesn’t offer competitive distinction. Therefore, I am bearish on LYFT stock. Financial Backdrop for LYFT Stock Seemingl

    5 min read
  • BusinessSimply Wall St.

    Investing in Schaffer (ASX:SFC) five years ago would have delivered you a 109% gain

    Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...

    3 min read
  • BusinessSimply Wall St.

    adidas Full Year 2023 Earnings: €0.67 loss per share (vs €1.24 profit in FY 2022)

    adidas ( ETR:ADS ) Full Year 2023 Results Key Financial Results Revenue: €21.4b (down 4.8% from FY 2022). Net loss...

    1 min read
  • BusinessAFP

    Bank of Japan scraps negative interest rate

    Japan's central bank on Tuesday scrapped its negative interest rate as it finally began unwinding one of the world's most aggressive monetary easing programmes.Because negative interest rates mean banks lose out by parking capital with the BoJ, the policy was aimed at encouraging them to lend to businesses and thereby jump-start the economy and inflation.

    2 min read
  • BusinessSimply Wall St.

    PMB Technology Berhad (KLSE:PMBTECH) shareholders have earned a 32% CAGR over the last five years

    The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you...

    3 min read