September is living up to its reputation as a volatile month, and this creates more challenges to the Big Tech trade. But one low-volatility ETF is still betting big on it.Alliance Bernstein is behind the AB US Low Volatility Equity ETF. According to FactSet, its top three holdings include megacap...
Category: Finance
Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
David Solomon, CEO of Goldman Sachs, during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York on Aug. 6, 2024.Jeenah Moon | Bloomberg | Getty ImagesGoldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind...
ETFs are on pace to break record annual inflows, but this wild card could change it all
Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end."With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the...
Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off
Microsoft's generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech. Jim Cramer said Microsoft shares could bottom Wednesday โ and out of all the megacap tech stocks, this Club name is the one to buy. Microsoft closed at a record...
American demand for international trips drives ‘travel momentum’ and overall spending
Hinterhaus Productions | Digitalvision | Getty ImagesTravel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research."A key part of travel momentum lies within vacationing abroad," Taylor Bowley and Joe Wadford, economists at the...