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The S&P 500 is ‘extremely concentrated,’ Apollo economist says, warning the best AI investment may not be in the Magnificent 7
“The textbook idea that the S&P 500 gives you a diversified exposure to risk is just simply no longer the case,” Apollo economist Torsten Sløk told Fortune.
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Hulk Hogan’s death could be bad news for Hooters
His Real American Beer was making a bid for the financially distressed chain.
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America is starting to eat Trump’s tariff TACO salad, UBS says
“It’s quiet … a little too quiet,” writes Mark Haefele, chief investment officer of UBS Global Wealth Management.
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Trump says he may want to give you a tariff rebate check: ‘A little rebate for people of a certain income level might be very nice’
Trump has been busy in July, with a deal to bring real sugar back to (some) Coke recipes, a visit to the Federal Reserve, and demands about a sports team nickname.
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Intel plans to slash 25,000 jobs in 2025 as new CEO warns, ‘There are no more blank checks’
CEO Lip-Bu Tan sent a memo informing employees of significant ongoing layoffs and cost-cutting.
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NatWest ‘closely monitoring’ impact of tax rises on millionaire customers
FTSE 100 upgrades guidance and announces £750mn share buyback
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UK business secretary dismisses wealth tax as ‘daft’
Jonathan Reynolds rules out targeting assets of the rich to plug growing hole in public finances