Author: News Room

Actively-managed mutual funds in the U.S. weren’t ready for the stock-market’s “big rally” in the first quarter, according to BofA Global Research.   The rally “caught active funds off guard,” with just 33% of large-capitalization funds beating their Russell 1000 benchmarks in the first quarter, BofA equity and quant strategists led by Savita Subramanian said in an April 4 note. That was their “worst quarterly hit rate” since the fourth quarter of 2020, they said.  The U.S. stock market rose in the first three months of 2023, including in March despite the volatility sparked by the sudden collapse of Silicon Valley…

Shortly after you board a plane, flight attendants almost always remind you to set your cell phone to airplane mode – but a few extra minutes on your wireless network wouldn’t cause an emergency for the aircraft, right? Well, it depends on whom you ask. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “CNN’s 5 Things” delivered to your inbox daily. Sign up here.) Tennessee’s Republican-controlled House of Representatives voted to expel two of three Democratic lawmakers Thursday after they led a gun reform protest last week on…

The leak of classified US and Nato documents on Ukraine’s military and its much-anticipated spring counter-offensive is part of a Russian information operation and does not reveal Kyiv’s actual operational plans, a top adviser to President Volodymyr Zelenskyy has said.The documents, seen by the Financial Times, are around five weeks old and appear to have first leaked on social networking site 4chan before spreading to Telegram and Twitter. The US department of defence said on Friday that it was investigating reports of a new batch of classified documents being leaked online, and that it had “made a formal referral to…

Co-produced with PendragonY Why Bet on the U.S.A? At High Dividend Opportunities, we are investing and betting on the U.S. economy. Why? For starters, it is one of the largest economies in the world, as well as one of the most resilient and flexible economies. The GDP for the U.S. economy is currently $26.14 trillion, while the entire E.U., for example, comes in at only $17.18 trillion. The entire world is approximately $96 trillion. The U.S. produces just over 27% of the goods and services produced by the entire world despite having only a small fraction of the world’s population.…

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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Over the years, meme coins have shown to have an interesting place among crypto lovers and investors. One such DeFi coin is Dogecoin (DOGE), whose rise has been making headlines lately. The meme-inspired cryptocurrency is steadily gaining significant attention from the crypto community and mainstream media. A new rival is emerging in the form of DigiToads (TOADS), also experiencing unprecedented growth in the crypto market. Let’s examine these two cryptocurrencies and explore what separates DigiToads (TOADS) from the other meme coins.DigiToads (TOADS): The Rival Meme Coin Taking the…

As the tech sector races to develop and deploy a crop of powerful new AI chatbots, their widespread adoption has ignited a new set of data privacy concerns among some companies, regulators and industry watchers. Some companies, including JPMorgan Chase (JPM), have clamped down on employees’ use of ChatGPT, the viral AI chatbot that first kicked off Big Tech’s AI arms race, due to compliance concerns related to employees’ use of third-party software. It only added to mounting privacy worries when OpenAI, the company behind ChatGPT, disclosed it had to take the tool offline temporarily on March 20 to fix…

Nonfarm payrolls growth in March was about in line with expectations, but showed signs that the jobs picture is in the early stages of a slowdown.The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in February.The unemployment rate ticked lower to 3.5%, against expectations that it would hold at 3.6%, with the decrease coming as labor force participation increased to its highest level since before the Covid pandemic.Though it was close to what economists had expected, the total was the lowest monthly…

In author Nicole Chung’s new memoir, “A Living Remedy,” she tells the story of watching both her parents die in the span of two years. It was all the more painful because of her mother and father’s inability to afford the medical treatments they needed.Chung blames the country’s broken health-care system, at least in part, for the fact that her father died at 67, and her mother at 68. By the time her father finally sought help at a low-cost health clinic, a doctor told him that his kidneys had lost more than 90% of their function. “It is still…