Investing in artificial intelligence (AI) has proven to be a winning strategy for T. Rowe Price’s Global Technology Fund (PRGTX), outperforming the market for the second consecutive year. Portfolio manager Dominic Rizzo attributed the fund’s success to a four-step investing framework that led them to early positions in AI stocks and semiconductor companies like Nvidia.
The housing market is experiencing a shift with more homeowners listing their properties for sale. However, the increase in new listings is not being met with a corresponding increase in sales. According to the latest market report by Zillow, new listings were up 13% in May compared to the previous year. Despite the surge in
Municipal bonds have experienced firmness in the market recently, with U.S. Treasury yields seeing a slight decrease and equities displaying a mixed performance. The rally in USTs has been fueled by softer economic data, leading to a drop in yields over the past week. Barclays strategists, Mikhail Foux and Clare Pickering, highlighted a shift in
Loretta Mester, President of the Federal Reserve Bank of Cleveland, recently expressed her view that inflation risks are still tilted to the upside despite some positive data. She stated that although the median projection of policymakers forecasts only one interest-rate cut this year, she believes the risks to inflation are still leaning towards the upside.
Boeing’s Starliner capsule, named “Calypso,” is set to remain at the International Space Station for an extended period due to a developmental mission announced by NASA on Friday. Originally planned for a nine-day stay in space, the mission will now last at least 17 days, doubling the duration for further spacecraft testing. This mission, known
Climate change has become a formidable force affecting coastal real estate across the United States. With rising sea levels and more intense storms, areas like Dana Point, California, Long Island, New York, and Nantucket, Massachusetts are experiencing unprecedented flooding and erosion. The National Oceanic and Atmospheric Administration (NOAA) has already predicted an “above-normal” hurricane season
In recent times, the rise in interest rates has brought about a significant opportunity for Americans who are holding cash. Many individuals have opted to invest in cash vehicles such as money market funds and certificates of deposit due to the attractive yields that have been made available. According to the Investment Company Institute, total
The Pentagon recently revealed the first batch of winning bidders in its rocket launch contract sweepstakes, marking a significant milestone for Jeff Bezos’ aerospace company, Blue Origin. This announcement comes as part of the Pentagon’s $5.6 billion National Security Space Launch (NSSL) program, which aims to enhance the country’s space capabilities and infrastructure. Blue Origin’s
The recent capitulation of Bitcoin miners has taken the cryptocurrency market by surprise. The hashrate of Bitcoin, which had been steadily increasing over the last 18 months, has suddenly taken a downward turn. This decline in hashrate signifies that some miners are giving up on mining Bitcoin altogether. This trend is concerning as it indicates
Indianapolis Mayor Joe Hogsett’s pursuit of a Major League Soccer team for the city seems to have created confusion regarding the plans for a new stadium development led by Ersal Ozdemir, owner of the city’s United Soccer League team, the Indy Eleven. While it initially appeared that Hogsett’s announcement had jeopardized the previous stadium development