According to Goldman Sachs, during the last 18 years, stocks with the largest increase in the number of hedge-fund investors have typically gone on to outperform sector peers during the quarters following their rise in popularity. See full story.
Why the future for Microsoft, Amazon, Google, Apple and other pricey growth stocks isn’t so bright
Earnings growth won’t be robust enough to justify current stock prices, new research suggests. See full story.
Fed will launch a broad discussion of a digital dollar this summer, Powell says
The Fed will launch a broad discussion later this summer with the public and Congress about the potential benefits and costs of a digital dollar, Fed Chairman Jerome Powell said Thursday. See full story.
Most Uber and Lyft trips will have to transition to electric vehicles in this decade, California declares
California is the first state in the nation to require that nearly all the miles traveled by ride-hailing drivers take place in electric vehicles by 2030. See full story.
Biden orders federal climate-risk financial strategy, with implications for homeowners, pensions and government contracts
President Joe Biden is mandating a federal government strategy to quantify climate-change risks to public and private financial assets. See full story.
‘The sum is rather large, and I’m going to be asked at some point how much I inherited. I’m concerned that they will be jealous and resentful.’ See full story.