The S&P 500 index has long been considered a staple in many portfolios, representing the U.S. market as a whole. However, a closer look reveals that the index is no longer as diversified as it once was. In fact, nearly 30% of its market capitalization is dominated by just seven technology giants. While investors who hold a plain-vanilla S&P 500 index fund may be … [Read more...] about The Problem with the S&P 500 Index: Lack of Diversification
Forex News
Lawsuit Filed Against NYC’s Minimum Wage Law
Three major food delivery app companies, DoorDash, Uber Eats, and Grubhub, have taken legal action against New York City in an attempt to block a groundbreaking law that establishes minimum wages for their workers. The law mandates a minimum pay of $17.96 per hour beginning on July 12, 2022. The rate will increase to $19.96 per hour in April 2025 and will be adjusted annually … [Read more...] about Lawsuit Filed Against NYC’s Minimum Wage Law
Nikola Corp. Share Prices Dip as Shareholder Meeting Is Adjourned
Shares of Nikola Corp. (NKLA) saw a nearly 2% decline in the extended session on Thursday after the electric vehicle manufacturer announced that its shareholder meeting would be adjourned until August 3rd. The company failed to secure enough support for its plan to issue new stock, leading to the decision to postpone the meeting. This was not the first time the meeting had to … [Read more...] about Nikola Corp. Share Prices Dip as Shareholder Meeting Is Adjourned
Biden Celebrates New Solar-Power Factory Opening in South Carolina
President Biden recently marked the opening of a state-of-the-art factory in South Carolina, specializing in the production of solar-power equipment for Enphase Energy. This significant development is set to generate employment opportunities, with over 600 jobs anticipated to be added to the workforce. Under the Inflation Reduction Act, which was enacted in August, more than … [Read more...] about Biden Celebrates New Solar-Power Factory Opening in South Carolina
Keurig Dr Pepper Receives Analyst Upgrade
Keurig Dr Pepper recently received an upgrade from analysts, who believe that the beverage stock is set to experience growth once again. The analysts from Morgan Stanley have raised their rating on Keurig's shares to Overweight from Equal Weight, while maintaining a price target of $36. As of midday trading, the stock has already shown positive movement, with a 1.8% increase to … [Read more...] about Keurig Dr Pepper Receives Analyst Upgrade
