Targeting the consumer staples sector often appeals to investors seeking a defensive posture, as these companies provide essential goods people buy regardless of the economic climate. This comparison examines two popular options — the State Street Consumer Staples Select Sector SPDR ETF (NYSEMKT:XLP) and the Fidelity MSCI Consumer Staples Index ETF (NYSEMKT:FSTA) — that offer…
In a new regulatory filing, Netflix revealed that it paid $587 million in cash for InterPositive, a startup co-founded by actor and director Ben Affleck. The streaming company announced the acquisition in March, with a statement from Affleck saying he wanted to “protect the power of human creativity.” According to Affleck, InterPublic’s AI tools help…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The European Commission approved Novo Nordisk A/S’ Wegovy pill, a once-daily oral semaglutide 25 mg treatment for adults with obesity or overweight with at least one weight-related comorbidity. The approval makes Wegovy the first GLP-1 receptor agonist available…
Early warnings surrounding the Strait of Hormuz suggested that European airports and fuel markets could face physical shortages by the beginning of summer. Those shortages largely failed to materialise, revealing both the adaptability of global energy markets and their persistent tendency to price worst-case scenarios long before they occur. When the Strait of Hormuz was…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Legendary investor Warren Buffett is no longer the CEO of Berkshire Hathaway Inc, but remains active as Executive Chairman at providing investment ideas for the conglomerate and new CEO Greg Abel. These days, Buffett says its tough to…
Apple recently filed a trade secrets lawsuit against OpenAI, accusing the AI company of a pattern of misconduct aimed at getting current and former Apple employees to share confidential information. (In response, OpenAI said it is “not aware of any evidence that this complaint has merit.”) On the latest episode of TechCrunch’s Equity podcast, Kirsten…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A 62-year-old man planning to retire next year recently discovered that his wife had moved roughly $300,000 of their joint savings into an account in her name alone over the past two years, without telling him. He confronted…
Millions of Americans own oil and gas mineral rights and have no real idea what that means. Some inherited a folder of yellowed documents from a grandparent’s estate. Some bought a piece of land and assumed everything under it came with the deed. Some get a small check in the mail every few months and…
Markets face a potentially volatile week as AI bubble fears intensify amid concerns that technology sector repricing has not yet reached equilibrium, coinciding with earnings season ramping dramatically through late July. Some major technology giants are reporting results that will test whether artificial intelligence investments can justify astronomical valuations. The week arrives against a backdrop…
What happens if you’re ready to retire, have enough money to spend your golden years in comfort, but your partner is too scared to stop working? Meg, 63, has been married to Jo, 58, for more than 20 years. Meg, a social worker, is ready to retire. But Jo, who works in finance, is paralyzed…
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