News

S&P 500 decline led by tech met a first hesitant, then more resolute, intraday rebound led by tech retracing prior decline that XLI, XLB and XLE were unable to counter. Thanks to weighting as the

Key Points

• Innovative Eyewear makes “smart” glass frames called Lucyd Lyte that keep wearers connected to their mobile devices, make calls, listen to music with four speakers and use a virtual

Key Points

• The XLI broke above two critical resistance levels, signaling a shift in the industrial sector.
• XLI’s recent performance shows a 7.37% YTD gain and a 23.25% gain over the last

WIX stock is just the latest Israeli tech company targeted by the New York investment firm

Shares of Wix.com (NASDAQ:WIX), the leader in do-it-yourself web development, have been on a

According to a new report, the luxury yacht market is expected to to reach $12.8 billion by 2031. The luxury yacht market size was valued at $5.8 billion in 2020.

German Liubitch, Founder and

S&P 500 followed through on Friday‘s decline, yet the strength of the intraday reversal higher begs the questions whether the buyers can stage a comeback. Market breadth lower than -1,000 for

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• Amazon’s deal to buy iRobot gets closer to completion. 
• iRobot is a consumer brand built on AI applications. 
• The consumer angle is interesting, but the AI angle is more so. 

Key Points

• On June 13, 2023, Logitech announced the resignation of its CEO and President Bracken Darrel, effective immediately, to be replaced temporarily by board member Guy Gecht.
• Darrel

Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore

The hedge fund industry’s performance has been underwhelming thus far in 2023. The HFRI Index shows year-to-date returns through May of only 1.25%, and most strategies’ returns range between -2.5%

What does it take to become the most powerful person in the world, and how much money does it require? These questions often come to mind when we think of the President of the United States

In an era where almost everyone in modern society has a digital footprint, information has become a valuable asset. There have been recent cases of mass hacks that affected not just ordinary

Apple (NASDAQ:AAPL) did it again.

In what many are calling its biggest product launch since the Apple Watch in 2015…

On Monday, the world’s largest company revealed the highly anticipated 

S&P 500 spike into options expiry Friday was predictably rejected, and tech led the daily reversal, joined by communications and discretionaries. This shot across the bow in the topping process

Key Points

• Broadcom is one of the major tech companies trading back at all-time highs.
• They’re well-positioned to capitalize on the AI wave.
• Even with the recent rally, their P/E ratio is

Key Points

• Adobe outperforms and guides higher on strength driven by AI interest.
• The analysts are raising their targets and have the stock in reversal.
• Institutions are buying and

Since the mid-1990s, inflation has stayed very close to the Federal Reserve’s benchmark of 2% per year, often dipping much lower than that. The upshot has been a long run in which prices have

S&P 500 sharply recovered from yesterday‘s shallow premarket decline, and surged on ever strengthening sectoral composition. Tech didn‘t lag, and it was the case of remaining sectors playing catch

Sacking the CEO and at least 100 others may be viewed as last ditch effort to turnaround underperforming TRUE stock

Shares of online vehicle listing platform TrueCar (NASDAQ:TRUE) are surging in

• Search interest in ‘AI’ has more than doubled since the beginning of 2023, jumping from 17 million searches in January to 42 million in May
• Google Trends data reveals ‘AI’ interest is now at an