The iShares MSCI USA Momentum ETF (MTUM), the biggest momentum ETF, has rebalanced and now has Nvidia as the biggest holding in its portfolio at around 6.3%. However, the fund only rebalances twice a year, meaning it is late to the party for the AI stock. MTUM Performance Struggles According to FactSet data, MTUM did
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Diamond Sports, the owner of 19 regional sports networks under the Bally Sports brand, has been ordered by a bankruptcy judge to make full media rights payments to four Major League Baseball (MLB) teams. The company filed for bankruptcy in March, seeking to restructure its debt load and reset some of its media rights deals
Dorset Police have impounded a sightseeing boat at the centre of an investigation into the death of a 12-year-old girl and 17-year-old boy who were pulled from the sea in Bournemouth. The incident occurred on Wednesday and left eight others in need of medical treatment. On Friday, the boat remained anchored at Cobb’s Quay in
Google has announced an update for its email service, Gmail, that will make email searching much easier. The company will use artificial intelligence (AI) to analyze search terms, recent emails, and other relevant factors to determine the best match for the query. New Feature Over the next 15 days, Gmail users will begin to see
The Saudi Arabia stocks have caught investor attention over the past few years. The iShares MSCI Saudi Arabia ETF (KSA) has witnessed a year-to-date increase of over 8% and an almost 20% increase over a three-year period. In contrast, the iShares MSCI Emerging Markets ETF (EEM) has only witnessed a 4% increase in 2023 and
The Senate has begun the debate on proposed amendments to a House-approved bill to raise the debt ceiling and cap government spending. Majority Leader Chuck Schumer has said that the chamber would pass the bill on Thursday night. The votes on 11 amendments began at around 7:30 p.m. ET, and were expected to take several
NBA commissioner Adam Silver has made a decision regarding the disciplinary action against Memphis Grizzlies guard Ja Morant. However, he has decided to wait until after the NBA Finals to announce the punishment. Morant was suspended by the Grizzlies on May 14, pending league review, after a social media video showed him brandishing a firearm.
A team of international lawyers assisting Kyiv in investigating alleged war crimes have accused Russian occupying forces in Ukraine of using starvation tactics on civilians. The investigators focused on the city of Chernihiv, which was under siege for over two months before Russian troops were expelled from the northern Ukrainian city. Starvation Tactics Used by
Lululemon, a Canadian athletic apparel retailer, has reported its Q1 earnings, which surpassed Wall Street’s expectations. The company’s net income for the three-month period ending April 30 was $290.4 million or $2.28 per share, an increase from $190 million or $1.48 per share a year earlier. Sales rose 24% to $2 billion, up from $1.61
Boston Celtics’ head coach Joe Mazzulla will be returning next season, according to team president Brad Stevens. Stevens praised Mazzulla’s leadership skills and accountability and expressed his confidence in his ability to continue learning and improving. Mazzulla, who took over after coach Ime Udoka was suspended, led the team to a 57-25 record and the