The semiconductor industry is experiencing a dramatic bifurcation, with shares of AI-focused chipmakers soaring while those tracking traditional markets struggle. Popular semiconductor funds like the VanEck Semiconductor ETF and iShares Semiconductor ETF are up 9% this year, driven by gains in AI powerhouses like Nvidia , Broadcom, and Arm Holdings . Yet, the AI chip narrative isn’t as comprehensive as it seems. SOXX 1Y mountain iShares Semiconductor ETF (SOXX) Citi Research projects AI will only account for 30% of chip sales by 2025. Taiwan Semiconductor ‘s recent earnings call epitomized this divide: while projecting AI revenues to double in 2025,…
Author: usaeverydaylife
Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty ImagesStore closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry winners, according to an analysis by Coresight Research.Major retailers, including Party City and Macy’s, closed 7,325 stores in 2024, according to the retail advisory group’s data. That’s the sharpest jump since retailers in the U.S. shuttered almost 10,000 stores in 2020, the…
A woman carries a “SCOTUS v THE PEOPLE” sign in front of the U.S. Supreme Court in Washington on Monday, October 7, 2024. Bill Clark | Cq-roll Call, Inc. | Getty ImagesThe Supreme Court cleared the way on Thursday for the enforcement of an anti-money laundering federal law that requires corporate entities to disclose the identities of their real beneficial owners to the Treasury Department.The justices put on hold a nationwide injunction issued on Dec. 3 by a federal judge in Texas who had concluded that Congress had overstepped its powers under the U.S. Constitution in passing the Corporate Transparency Act.…
Hakan Nural | Getty ImagesIvanka Trump, the daughter of President Donald Trump, is warning investors against buying a fraudulent crypto coin bearing her name.”It has come to my attention that a fake crypto coin called ‘Ivanka Trump’ or ‘$IVANKA’ is being promoted without my consent or approval,” she wrote in a post on social media site X on Thursday. “To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money.”Ivanka Trump and her husband, Jared Kushner, played prominent leadership roles in the first Trump White House but have…
ASHBURN, Va. — Receiving took work for Terry McLaurin. Giving came naturally.Parents and their children stood in line at a suburban Virginia parking lot one week before Christmas on a brisk December night. They would soon receive gifts, toys and winter essentials, but not from a rotund man dressed in a bright red suit. The Washington Commanders’ star wideout only dons a uniform on game days.Part of McLaurin’s charm lies within his normalcy. Despite the wide receiver’s professional accomplishments — five consecutive 1,000-yard seasons, two Pro Bowls and the franchise record for single-season touchdown receptions — he’s about as neighbor-next-door…
U.S. President Donald Trump on Thursday continued to take aim at the European Union for what he claims is an unequal trade relationship.”From the standpoint of America, the EU treats us very, very unfairly, very badly,” Trump said in a virtual address to the World Economic Forum in Davos, Switzerland.After his inauguration on Monday, Trump’s second term has been a key topic of conversation at Davos this year — particularly given his threats of trade tariffs on the EU, China, Mexico, Canada and beyond.Echoing previous comments, Trump said in his Davos address: “They make it very difficult to bring products…
It is not too late to start thinking about moving out of short-term cash instruments and into longer-duration bonds, according to Goldman Sachs Asset Management. Investors have been enjoying solid yields on their cash , although those payouts are down from recent highs. The Crane 100 Money Fund Index , which is based on the largest taxable money funds, currently has an annualized seven-day yield of 4.18%. However, there is better income to be found in bonds these days, said Lindsay Rosner, head of multisector investing at Goldman Sachs Asset Management. Some 99% of investment-grade bonds are now out-yielding cash,…
After gapping higher into a new all-time high in March 2024, Dick’s Sporting Goods Inc. (DKS) settled into a rangebound phase into the end of the year. Numerous attempts to break to new heights were repelled, pushing the price back to previous support levels. This week, DKS finally appears to have completed a bullish rotation out of this long-term congestion zone. With a solid price breakout and improving momentum, Dick’s appears to be setting up for much further potential upside. On the daily chart, we can see the price gap in March 2024 going into a new high around $220.…
U.S. Sen. Lisa Murkowski (R-AK) ahead of a session on Capitol Hill in Washington on Jan. 22, 2025 in Washington, DC.Kayla Bartkowski | Getty ImagesSen. Lisa Murkowski announced Thursday that she will vote against confirming Pete Hegseth to lead the Pentagon, becoming the first Republican to oppose one of President Donald Trump’s Cabinet picks ahead of a crucial test vote.Murkowski, of Alaska, said in a lengthy statement that allegations of excessive drinking and aggressive actions toward women, which Hegseth has denied, show that his behaviors “starkly contrast” with what is expected of the U.S. military. She also noted his past…
Travelers walk through O’Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty ImagesHigher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power.Fare-tracking platform Hopper this month said domestic “good deal” U.S. airfare in January is at $304, up 12% over last year, with more domestic flights going for more than they did last year through at least June.Late deliveries of new aircraft from Boeing and Airbus, air traffic constraints and financial…
