In a strategic move aimed at broadening investment opportunities, BlackRock’s iShares has introduced the iShares Top 20 U.S. Stocks ETF (TOPT). Launched in October 2023, this new exchange-traded fund is designed to draw investors who are seeking alternatives to the well-known “Magnificent Seven” tech giants—Apple, Amazon, Meta, Alphabet, Microsoft, Nvidia, and Tesla. Unlike traditional funds
Finance
In a bold move that reflects its determined expansion strategy, Block Inc., the company founded by tech magnate Jack Dorsey, has officially launched its corporate card service, Square Card, in the United Kingdom. This development marks the first international rollout of Block’s business credit product, which is already well established in North America since its
In the third quarter, Berkshire Hathaway witnessed an unprecedented surge in its cash reserves, amassing a whopping $325.2 billion—an increase from $276.9 billion in the previous quarter. This colossal accumulation is part of a broader strategy employed by Warren Buffett, the 94-year-old chairman and CEO known colloquially as the “Oracle of Omaha.” The substantial cash
The recent announcement by the UK government regarding tax increases has sent ripples of concern through the technology sector. Key players in both tech and venture capital are expressing skepticism about the country’s ability to emerge as a leading global hub for artificial intelligence in light of these fiscal policies. As businesses brace for higher
In the ever-evolving landscape of technology, Chinese smartphone manufacturer Honor is making noteworthy strides as it positions itself for an initial public offering (IPO). Emerging from the shadows of its parent company, Huawei, Honor embarked on its journey of independence in 2020 amid U.S. sanctions that significantly impacted Huawei’s operations. The company is now bolstering
In recent times, the automotive industry has seen a significant shift towards electric vehicles (EVs), with numerous companies vying for dominance in this evolving market. Among them, Xiaomi, a brand better known for its smartphones and consumer electronics, is making noteworthy strides in the electric vehicle sector. October 2023 marked a pivotal month for the
As 2023 draws to a close, there is growing optimism surrounding the prospects of Chinese Initial Public Offerings (IPOs) in the United States and Hong Kong. A series of successful listings in these markets has reinvigorated investor sentiment, hinting at a potential rebound in the IPO landscape. Industry experts project a rise in IPO activities
On the horizon of a significant transformation in the financial services landscape, the Consumer Financial Protection Bureau (CFPB) has introduced crucial changes that are set to reshape how consumers access and control their personal financial data. This announcement coincides with the commencement of DC Fintech Week, an event that positions itself at the intersection of
In a notable enforcement action, the Consumer Financial Protection Bureau (CFPB) has taken Apple and Goldman Sachs to task for their handling of consumer disputes linked to the Apple Card. This action, which took place on a Wednesday, resulted in a staggering penalty of over $89 million, attributed to significant failures in managing customer complaints
The fintech scene in Europe is undergoing a significant transformation, driven predominantly by the pioneering efforts of companies like Klarna. As a leading digital payments firm, Klarna has accelerated the growth of new startups, positioning itself as the most prolific source of entrepreneurial talent in the fintech sector. A recently published report from venture capital