Investors are pouring into this defensive corner of the stock market amid fears of an economic slowdown
Amid fears of a recession and increased market volatility, analysts have been pointing to defensive stocks as a safe bet to hedge macro risk. Among defensive sectors — which include things like real estate and financials — investors recently have been pouring into consumer staples in particular. The S&P 500’s consumer staples sector has risen…
Intel, once a Silicon Valley star, has been floundering. Now it’s mounting a turnaround.
Intel CEO Pat Gelsinger has just announced a huge turnaround plan for the embattled chip firm. As Intel’s leader in the culminating decades of the 20th century, Andrew Grove had a slogan he’d routinely fall back on: “Only the paranoid survive.” During his tenure as CEO, Grove transformed the chip company into a giant of…
The biggest threat to the US dollar is America’s exorbitant debt load, JPMorgan says
De-dollarization is only a problem to the extent that the US allows it to be one, according to a recent JPMorgan research webinar. One of the main takeaways was that the biggest threats to dollar dominance are swelling US debt levels and fiscal deficits, which officials in Washington could step up to tackle. “The biggest…
A General Catalyst-backed startup is mass-buying virtual care tech from big players like Walmart. Here’s why Fabric is still betting on telehealth.
Aniq Rahman, founder and CEO of Fabric. Healthtech startup Fabric launched out of stealth in March 2023 to help patients get care faster and automate administrative work for providers. Since then, it’s been on a dealmaking spree. In June, Fabric bought Walmart’s virtual care business, MeMD, after the retailer announced it would shutter its 51…
Hedge funds are planning a ‘budget boom’ in 2025 for the datasets that cost them millions a year
Alternative data vendors capture unique datasets from sources such as satellites. The wonky datasets powering multi-strategy funds and quant giants aren’t going anywhere. The alternative data industry, made up of firms selling data collected from cell phone geolocation, credit card receipts, satellite images, and more, is growing steadily, and 2025 is expected to be a…
Elon Musk has made a nasty mess for X, but it may not matter all that much to him
Elon Musk has once again put his foot in his mouth on X. X is starting to look a lot more like Truth Social — and it’s going to cost the platform. On Sunday evening, following an apparent assassination attempt on former President Donald Trump, a user posted asking, “Why they want to kill Donald…
I’m teaching my kids financial literacy and self-compassion. My immigrant parents didn’t have the tools to do the same for me.
A mother embraces her child As I sit on our backyard swing and watch my 6-year-old son and 2-year-old daughter play, I cannot help but think that the way I parent is different from how my immigrant parents raised me. They parented for us to survive, allowing me to parent my children to thrive. Growing…
My kid just went to college, and I’m now an empty nester. I don’t want to fill all my time with work.
Sayu Bhojwani’s child just started college. Last month, I participated in a ritual familiar to thousands of American parents: college move-in day. On one of the hottest afternoons in August, I tucked the edge of a comforter between my child’s bed and the dorm room wall, which was painted an unwelcoming yellow. Then, our little…
I celebrated my 40th birthday twice — first with family, then with friends. I’m so happy I kept them separate.
Emma Morrell first celebrated her 40th on a safari in Namibia with her husband and kids. My 40th birthday was looming. I wanted to do something special to mark it, but the idea of a big party where I was the center of attention sounded awful to an introvert like me. Still, though, I wanted…
