Select a category
Further, the ministry pointed out that the receipts presented by Mr. Otse were different from the authentic receipts issued by the church, a fact that has been confirmed through an ongoing police investigation. The press release criticized Punch Newspaper for not reaching out to the ministry for its side of the story, resulting in what it described as “bad journalism” and a “vindictive mission” against the church.
Nicki Minaj strikes again with her pidgin tweets, who knew rap royalty was also a language guru.
She tweeted in pidgin while reacting to a throw on Lil Wayne representing the face of rap in 2024. She even added that she can read all comments on her page in pidgin.
Contrary to Viral Video, Senator Monday Okpebholo Reaffirms Commitment to Security in Edo State
Source: Harvard Health Publishing
If last week's technology sector-led selloff in the stock market made you nervous, experts suggest considering it as an opportunity to rebalance your portfolio.
The Nasdaq Composite index (IXIC), a technology-heavy index often used as a barometer for the stocks in the sector, fell 5.7% last week, its biggest weekly loss since January 2022. Nonetheless, the index had gained 11% since the start of the year as of the end of last week, thanks to big gains for mega-cap tech stocks such as AI investor favorite Nvidia (NVDA), Apple (AAPL), Meta Platforms (META) and Amazon (AMZN), as well as several chip stocks.
Given the influence wielded by big-name tech stocks on the major stock indexes, many investors have overweight positions in them. The large-cap tech names are nearly impossible to ignore in your portfolio, whether through ownership of individual stocks or through exposure to diversified investments such as mutual funds or exchange-traded funds (ETFs.)
Here's what experts are recommending to their clients.
While 'buying the dip' in tech stocks may be tempting, stepping back and taking a look at your portfolio in its entirety could give you a better picture of your tech sector exposure. Furthermore, the recent volatility may be a good time to make some changes.
“We’ve been in the camp of rebalancing based on volatility, not necessarily the calendar,” Kevin Gordon, Director, Senior Investment Strategist at Charles Schwab. “If there’s a sector that gets so stretched and your exposure gets well beyond what it should be and what the target is, don’t be afraid to trim some of those profits and add it to other parts of the market where you're not as exposed.”
Monica Dwyer, a senior vice president and wealth advisor at Harvest Financial Advisors, said while it may be psychologically difficult for some investors to sell assets that are performing well, doing so can pay off in the long run.
“Rebalancing is a natural way of buying low and selling high,” Dwyer said. “If you’re disciplined about it, you’re always going to be selling what is overweighted in your portfolio, which is the stuff that's done well, and buying the stuff that doesn’t do well… It’s human nature to hold something that has risen and never want to let it go.”
But if you’re moving away from tech, where do you put that money?
“So we're starting to rebalance our clients’ portfolios, taking that outperformance from growth [stocks] and reallocating back into value [stocks],” said Jared Gagne, a Private Wealth Manager at Claro Advisors.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
Air Canada said Monday that it is making plans to shut down most of its operations if its pilots go on strike later this month.
The country's biggest air carrier warned that while contract talks with the Air Line Pilots Association (ALPA) continue, the two sides "remain far apart." Air Canada said if no deal is reached, beginning on Sunday either side could issue a 72-hour strike or lockout notice. It noted that would trigger its three-day wind-down plan that would progressively suspend all flights by Sept. 18.
The union represents more than 5,200 pilots for both Air Canada and Air Canada Rouge.
Chief Executive Officer (CEO) Michael Rousseau said that the ALPA's salary demands "far exceed average Canadian wage increases," and that unless the union "moderates" them, a shutdown is "increasingly likely."
At a rally late last month, Air Canada ALPA Master Executive Council chair Charlene Hudy accused the airline of "not listening to our most pressing needs at the negotiating table regarding fair compensation, respectable retirement benefits, and quality-of-life improvements."
Air Canada said that it has been negotiating with other air carriers to get its customers seats on their planes if a strike or lockout occurs. It added that passengers whose flights are canceled will be able to receive a full refund, and that they can reschedule trips set for Sunday through Sept. 23 at no charge. It said that window may be expanded if necessary.
Air Canada shares were down nearly 2% Monday afternoon on the Toronto Stock Exchange (TSX).
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia