(Bloomberg) — Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune. The remarkable surge in shares of AMC Entertainment Holdings Inc. and a handful of other stocks is showing up in multiple exchange-traded funds, skewing portfolios, altering risk profiles and exerting outsized influence on prices. Take the $68 billion iShares Russell 2000 ETF (ticker IWM). In the… Source link

Google’s heavily rumoured upcoming foldable phone could use a Samsung-made display a new report has claimed. Not just any Samsung display, according to Korean publication ETNews, but one of the company’s most celebrated inventions – an Ultra Thin Glass (UTG) panel. For the uninitiated, UTG is essentially a razor thin piece of glass that can be flexed to a point without breaking. The idea is that it provides better, more study, tactile feedback than the plastic panels used in the… Source link

– By GF Value The stock of Yandex NV (NAS:YNDX, 30-year Financials) is believed to be modestly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its… Source link

Bloomberg China Tech Crackdown Cycle Nearing an End, Top Investor Says (Bloomberg) — Beijing’s antitrust crackdown on homegrown tech giants may be coming to an end, leaving stock valuations of some of the major firms at attractive levels.That’s the view of Hyomi Jie at Fidelity International Ltd., whose China consumer equity funds oversee $7.3 billion in assets. One has beaten 96% of peers in the past year. Hong Kong-based Jie sold some of her holdings in Alibaba Group Holding Ltd. and… Source link

The Orlando Magic are launching a full rebuild, and they’ve already made one major change.  The Magic announced on Saturday that they’ve decided to part ways with head coach Steve Clifford. The move isn’t a firing, but reportedly a mutual decision.  Clifford, 59, became Magic head coach ahead of the 2018-2019 season. He led the team to a 42-40 record and a 33-40 record in his first two seasons, both of which ended with trips to the playoffs. They were eliminated in the first round both… Source link

Only one woman in history has run a faster women’s 100-meter than Shelly-Ann Fraser-Pryce did on Saturday: Florence Griffith Joyner. Jamaica’s Fraser-Pryce became the second-fastest woman ever with a magnificent 10.63 at a meet in Kingston on Saturday, blowing away her competition and obliterating the national record of 10.70 she shared with Elaine Thompson-Herah, who won the 100 gold at the 2016 Olympics.  Fraser-Pryce’s 10.63 is the fourth-fastest time ever recorded, and the fastest any… Source link

Chris Rock spoke to Insider in an interview about his former divorce lawyer, who is now representing Melinda Gates. Gilbert Carrasquillo/FilmMagic Chris Rock opened up about his experience with famed divorce lawyer Robert Stephan Cohen. Cohen is currently representing Melinda Gates, who could land the largest-ever divorce settlement. Rock said Cohen once told him the bitterest divorce disputes only amount to a fraction of what’s at stake. See more stories on Insider’s business page. In the worst… Source link

Gabrielle Cormier, 20, who is one of the youngest patients afflicted by extreme fatigue, involuntary jerking movements, memory lapses and hallucinations from a mysterious brain syndrome, sits for a portrait at her family’s home in Dalhousie Junction, Canada, May 20, 2021. (Chris Donovan/The New York Times) MONTREAL — Forty-eight people from the same small Canadian province struck with a baffling mix of symptoms including insomnia, impaired motor function and hallucinations such as… Source link

The Google logo is seen on on the company’s European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne/File Photo Google (GOOGL.O) said on Saturday that it supports the work being done to update international tax rules after G7 finance ministers agreed to pursue a global minimum corporate tax of at least 15% and to reallocate taxing rights for large, profitable multinational companies. “We strongly support the work being done to update international tax rules…. Source link

A growing number of workers hesitant about taking the COVID-19 vaccine are taking their bosses to court. The swift adoption of synthetic biological cocktails to combat the pandemic, developed and scaled for human injection at record pace, is at the heart of an increasing number of lawsuits from workers. They argue that submitting to a novel drug to combat a still-mysterious virus shouldn’t be a condition of keeping their jobs. In one of the latest lawsuits, 117 unvaccinated Texas hospital… Source link