The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
Third Point is heavily invested in Amazon, Microsoft, and Taiwan Semiconductor.
Billionaire fund managers have been buying this index fund to capitalize on the artificial intelligence boom.
Warren Buffett's company sold Apple and bought Ulta Beauty in the second quarter
Nvidia, Super Micro Computer, and Royal Caribbean were the three fastest-growing stocks in the S&P 500 during the last two years.
M&M’s maker Mars is paying nearly $30 billion for Kellanova, the maker of Cheez-Its and Pop-Tarts
Wall Street will be watching closely when AI chipmaker Nvidia reports earnings in late August.
These AI stocks have fallen over 30% from their highs, but some Wall Street analysts are forecasting big gains.
The Bill and Melinda Gates Foundation Trust outperformed the S&P 500 over the last three years, and large positions in Microsoft and Waste Management were a big reason why.