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Investors who bought into tech stocks during the recent market pullback are reaping the rewards. Shares of artificial intelligence giants like NVIDIA and Microsoft have been the biggest winners as stocks rebounded over the weekend and are back near all-time highs. Shares of the semiconductor maker rose 19% over the five-day period, while Microsoft rose 3%. Shares of iPhone maker Apple rose 4% each. Looking at the bigger picture, the Technology Select Sector SPDR Fund (XLK) rose more than 7%, posting its best week since November 2022. The exchange-traded fund is now just 7% away from its all-time high. XLK…

According to Morningstar, the 60/40 portfolio recently weathered its first real test since the 2022 bond market crash. During the stock market sell-off in the first week of August, high-quality bonds did what they were meant to do: They played defense, said Jason Kephart, director of multi-asset ratings at Morningstar. The Morningstar U.S. Market Index, a benchmark for stocks, fell 6.3% from August 1 to August 5, its worst five-day performance since June 2022. Meanwhile, the Morningstar U.S. Core Bond Index rose 1.5% as investors fled to safe assets. “Inflation is not the cause of this stock market crash,” Kephart…

Electric-vehicle maker Rivian has temporarily halted production of commercial delivery vans used by retail giant Amazon.com Inc due to parts shortages, a company spokesman said on Friday.Shares of the Irvine, California-based company fell 5%. The production halt is the latest in a series of supply chain challenges for Rivian, which, like other EV makers, has been grappling with significant production issues over the past two years due to supplier shortages.”The parts shortage is temporarily impacting production of our electric delivery vans (EDVs). We expect all production losses to be recovered,” a spokesman said in an email. The company did not…

Here’s a look at companies catching the eye in midday trading: Rocket Lab – The space company soared more than 16% to a 52-week high after packaging and shipping two Mars-bound spacecraft to Cape Canaveral, Florida, for launch. The two spacecraft were designed, built, integrated and tested by Rocket Lab for the University of California, Berkeley’s Space Sciences Institute and NASA. Bayern Nordic – The Danish biotech company soared more than 16% after submitting data to the European Union’s drug regulator to expand use of its mpox vaccine to teenagers. CEO Paul Chaplin told CNBC that the expanded approval to…

British fintech company Revolut Equivalent to $45 billion The company said on Friday it had raised the value of its shares by 100 percent in a secondary share sale with investors, solidifying its position as Europe’s most valuable private technology company. The valuation represents an increase of more than 36% from its 2021 valuation of $33 billion and reflects “strong financial performance and progress in executing on our strategic objectives,” the company said in a statement. The round was led by existing investor Tiger Global, as well as new investors Coatue and D1 Capital Partners. The announcement confirms the deal…

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Dive Overview: Standard Chartered has developed a corporate banking product that links clients’ ESG performance to the pricing of interest rates and fees. The British bank announced this week. The bank said its ESG-linked cash accounts will link interest rates to clients’ ability to meet their environmental, social and governance goals. The key performance indicators chosen must be “material and relevant to a client’s business,” according to Monday’s announcement. Standard Chartered will pilot the program in Hong Kong and Singapore, but plans to roll it out to other markets “over time,” the bank said in a statement. More and more…

NEW DELHI: FMCG stocks ended higher in trade on Friday. Among the top gainers were Tasty Bite Eatables Ltd. (up 8.74%), Prataap Snacks Ltd. (up 7.27%), LT Foods Ltd. (up 5.55%), Patanjali Foods Ltd. (up 3.45%), Adani Wilmar Ltd. (up 3.13%), Jyothy Labs Ltd. (up 2.79%), Vadilal Industries Ltd. (up 2.59%), Godrej Consumer Products Ltd. (up 2.48%), Emami Ltd. (up 2.42%) and Dabur India Ltd. (up 2.19%). Umang Dairies (down 3.29 per cent), Varun Beverages (down 2.76 per cent), Sheetal Cool Products (down 2.56 per cent), Dodla Dairy (down 1.28 per cent), Honasa Consumer (down 1.21 per cent), Nakoda Group…

2025 Lincoln NavigatorLincoln Ford Motor Company The company is updating the Lincoln Navigator with a 48-inch front display that can be used as a “sanctuary” for spa lovers and gamers.The new features come as the automaker redesigns the vehicle’s exterior and interior for the 2025 model year and as Ford’s luxury brand seeks to differentiate itself from the Navigator amid declining sales of large SUVs.”The all-new Navigator is more than just a car. It can become a second home, a third space that inspires our customers in all-new ways on and off the road,” Lincoln president Diane Craig said in…

File photo: This illustration taken on Aug. 22, 2022, shows the TikTok app logo. Dado Ruvic | ReutersStock investing can be a complicated task and requires professional guidance, so where can you get that advice?Some people choose to do their own research by sifting through a plethora of financial indicators to identify potential winners, while others turn to investment advisors and experts with years of experience in the market.Some people look to the movements of celestial bodies and the elements of the earth to decide where to invest their money.And some are turning to social media, scrolling through their feeds…