BlackRock, Franklin and Polar tech funds hit as rout wipes 30% off investor holdings

BlackRock, Franklin and Polar tech funds hit as rout wipes 30% off investor holdings

Some of Europe’s largest technology funds are nursing losses of more than 30% this year, as a brutal sell-off across the sector drags down behemoths managed by the likes of BlackRock, Franklin Templeton and Polar Capital. The world’s largest technology companies were riding high during the Covid pandemic, but have now shed hundreds of billions … Read more

SoftBank’s Tech Boom Goes Bust — Again

Japan’s SoftBank 9434 -5.95% is the epitome of the excesses that fueled the boom in technology stocks. With the market now cratering, the Japanese technology investor can’t avoid sharing tech stocks’ fate. Moreover, the real pain for the company — and its investors — may still be ahead. SoftBank on Thursday reported a loss of … Read more

‘How can I be fair to both?’: I spent $ 20,000 more on my daughter’s education than my son’s education. Should I level the playing field – and invest $ 20,000 in stocks for my son’s retirement?

Dear Quentin, I have a question concerning the right thing to do for my kids. I have a boy and a girl, both great kids and both in college. When they were teenagers my wife died which left them with varying levels of trauma. My son was 14 and my daughter was 16, and it … Read more

What Financial Advisors Need to Know About NFTs

Until fairly recently, the idea of ​​selling a tweet wouldn’t have made much sense. But last year, Twitter co-founder Jack Dorsey auctioned a nonfungible token, or NFT, of the first tweet ever sent. Dorsey’s historic message: “just setting up my twttr.” Pretty mundane for sure. Still, crypto entrepreneur Sina Estavi made the winning bid for … Read more

Electronic Arts Stock Gains on Excitement Over New Games

A scene from Apex Legends Mobile, published by Electronic Arts. Courtesy of Electronic Arts Text size Electronic Arts shares were rising in late trading after the company revealed an array of new games it plans to release later this fiscal year. Electronic Arts (ticker: EA) reported adjusted revenue or net bookings of $1.75 billion, slightly … Read more

Stock Funds Felt the Tech Pain in April

Unplugged. Tech stocks absorbed a long-awaited decline in April, damaging mutual funds and exchange-traded funds that had enjoyed their run-up. Some investors hope it’s just a needed pause after a strong run for stocks of software, social-media and other tech companies that sent growth-stock funds soaring. As April ended, the tech-focused Nasdaq Composite Index had … Read more

China Promises Regulatory Reprieve for Tech Sector. Analysts Are Skeptical.

Text size China is sticking with its zero-Covid policy but also said it would ease off regulatory crackdowns on tech firms. Here, a subway station in Beijing. Wang Zhao / AFP via Getty Images China’s recent announcements that it will pause its long-running regulatory crackdowns on leading tech firms is drawing skepticism from analysts. And … Read more

A New Approach to Digital Public Goods Is Gaining Steam

Text size The centralization of data in the hands of a few companies and countries is risking global trust, Susan Ariel Aaronson writes. Dreamstime About the author: Susan Ariel Aaronson is a research professor and director of the Digital Trade and Data Governance Hub at GWU as well as a senior fellow at the Center … Read more

SEC to Hire More Crypto Cops to Fight Digital Frauds

WASHINGTON — The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency fraud and other misconduct, a move that follows the agency’s aggressive push to get the unregulated industry to come under federal supervision. The SEC said it plans to add 20 investigators and litigators to its Crypto … Read more

Jeff Bezos Is Worried About Tech Valuations, and It’s Weighing on Amazon Stock

Text size Jeff Bezos has given investors a new reason to worry about the valuations of tech stocks. David Ryder / Getty Images Technology investors hoping for a quick rebound to new highs may be in for a longer wait. Over the weekend, Jeff Bezos warned that when the “bull run” in technology ends, “the … Read more