Big Tech’s market value in the S&P 500 index has surged to more than a quarter of the index, with just seven stocks this year adding heft larger than the weight of its entire energy sector, according to DataTrek Research. Companies known as Big Tech, including Apple Inc. AAPL, +0.22%,…

About the author: Christopher Tang is a distinguished professor at the UCLA Anderson School of Management. With nearly $2 trillion in federal funding behind its industrial policy, the Biden administration should be finding it relatively easy to achieve its goals of strengthening manufacturing and accelerating the transition to green energy. Unfortunately,…

At one time, no one had ever heard of a telegraph operator. An electrician. Auto mechanic. TV producer. X-ray technician. Software developer. Webmaster. Cybersecurity specialist. Advancements in technology have always spawned new kinds of jobs while rendering other ones obsolete. Artificial intelligence will be no exception. Right now, we don’t…

The Supreme Court on Thursday limited the Environmental Protection Agency’s authority to police water pollution, ruling that the 50-year-old Clean Water Act should not allow the agency to regulate overflow into some wetlands near bodies of water. The ruling comes down in favor of individual property rights over what previous officials…

© Reuters. GitLab stock jumps 20% on strong Q1 beat & guidance GitLab (NASDAQ:) shares surged more than 26% in pre-market Tuesday after the company reported stronger-than-expected Q1 earnings. of ($0.06) came in better than the consensus estimate of ($0.14). Revenue grew 45% year-over-year to $126.9 million, beating the consensus…

Investing.com – By the time you read this, OPEC would have probably decided, even announced, new production levels meant to seize pricing of oil back from the hands of short-sellers who’ve driven the group nuts this year in trying to keep a barrel at $80 or more. Oil revenue is…

Investing.com – The U.S. dollar gained in early European trading Wednesday after weak Chinese activity data hit risk sentiment, while the U.S. debt ceiling deal cleared an important hurdle. At 03:55 ET (07:55 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.2% to…

MEXICO CITY (Reuters) – Mexico’s headline inflation likely slowed for a fourth consecutive month in May, a Reuters poll on Monday showed, backing views that the central bank will hold its benchmark rate while price growth comes down to within its target range. The median forecast of 10 analysts sees…

From startups protecting against cyber attacks to a new home insurer aiming to hold down costs with a digital-first approach, six insurtech businesses made our Fintech 50. Over the past year, some insurtech companies have faced an even tougher road than those in other beleaguered categories of fintech—witness the now-public…

Its valuation has fallen by nearly half, but Stripe, at $50 billion, remains the most valuable fintech. Last year’s No. 2, Klarna, is off the list, while No. 3 FTX is not only off, but in bankruptcy, with its founder accused of fraud. W hen did your fintech company last…