(Reuters) -Top mutual fund manager Vanguard Group on Thursday said it would roughly triple to 10 million the number of investors eligible to direct proxy votes in their funds, continuing an effort that would reduce the firm’s direct impact on shareholder elections. Closely-held Vanguard said it added four equity index funds to its “Investor Choice”…
Where Opportunity Hides in Plain Sight In today’s market, the spotlight tends to shine on mega-cap tech giants trading at sky-high valuations. But savvy investors know that some of the most exciting opportunities lie elsewhere—among lesser-known Nasdaq-listed companies still trading under $50. These stocks may lack the buzz of household names, but many are backed…
By Zaheer Kachwala and Aditya Soni (Reuters) -IBM will invest $150 billion in the U.S., including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump administration’s push for local manufacturing. The company’s announcement on Monday follows similar pledges by tech giants such as Nvidia…
By Arriana McLymore, Greg Bensinger NEW YORK (Reuters) -Amazon’s Prime Day is losing its luster among a critical group: sellers. Some third-party merchants who previously sold China-made goods during Amazon’s premier July shopping event are sitting it out this year or reducing the amount of discounted merchandise they offer. The planned pullback, which hasn’t been…
(Reuters) -Cadence Design Systems raised its forecasts for annual revenue and profit on Monday, betting on resilient demand for its chip design software from semiconductor makers looking to boost production to capitalize on the AI boom. Elevated demand for speedy and complex artificial intelligence processors has benefited the company, which provides software for designing chips…
By Karen Brettell NEW YORK (Reuters) -The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for the fifth straight quarter when it announces its refunding plans on Wednesday, but investors will focus on any clues about increases further down the road, or on the likelihood of a possible near-term cut….
(Reuters) -Google DeepMind staff in Britain plan to unionise to challenge the company’s decision to sell its artificial intelligence (AI) technologies to defence groups with ties to the Israeli government, the Financial Times reported on Saturday. About 300 London-based staff of Google DeepMind have been seeking to join the Communication Workers Union (CWU) in recent…
(Reuters) -There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published on Friday. The trade war started by the U.S. administration of Donald Trump is seen…
(Reuters) -Elon Musk’s xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter. The transaction would value the company at more than $120 billion, the report said, citing one…
(Reuters) -Elon Musk’s Department of Government Efficiency has ordered the cancellation of around $400 million in grants doled out by AmeriCorps, the federal government’s national service and volunteering agency, the Washington Post reported on Friday, citing three sources with knowledge of the matter. The canceled grants amount to 41% of the agency’s annual budget for…
