Hedge funds are increasingly starting to bet the sparkling run by US big tech firms might be coming to an end, according to Goldman Sachs. Research by the US bank indicated the fastest rate of sales of tech stocks for eight months in the week ending 23 February. According to Goldman, overall, this amounted to the highest level of tech share selling by hedge funds in the last five years. Morgan Stanley (NYSE:MS), another Wall Street overnight, said its analysis also showed that tech was the most sold sector ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Ryanair Holdings PLC (LSE:RYA) boss Michael O’Leary has warned of higher fares and possible flight cancellations due to delays in Boeing aircraft deliveries. These delays stem from production issues at Boeing's Spirit Fuselage facility in Wichita, Kansas, and subsequent delays in Seattle, which have led to Ryanair expecting to receive fewer aircraft than initially planned between October and December. Boeing has been in crisis mode since a dramatic mid-air blowout caused a door to fly off during an Alaska A ...

Less than a year ago, fabless chipmaker Nvidia Corp did the unthinkable- after crushing first-quarter earnings expectations, the Silicon Valley tech company’s market capitalisation shot above one trillion dollars. Three artificial intelligence-powered jumbo earnings beats later, and that milestone pales in comparison to where Nvidia is today. Thanks to skyrocketing demand for its cutting-edge AI-focused microchips, Nvidia is now valued at more than two trillion US dollars. Such is the tremendous premium pla ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

Aircraft delivery delays were brought to light as the trade portion of the Singapore airshow came to a close on Friday. Given the aviation industry’s booming recovery on an uptick in demand since the pandemic, airlines used the event to question what major manufacturers Boeing Co (NYSE:BA, ETR:BCO) and Airbus Group (EPA:AIR) were doing to address delivery delays. “Dozens and dozens” of engineers are being sent to directly assess supply chain bottlenecks, according to Airbus. Airlines such as Lufthansa said ...

Twitter founder Jack Dorsey’s bitcoin-focused fintech venture Block Inc (NYSE:SQ) (formerly Square), which runs the popular Cash App, clocked over $21.9 billion in net revenues in 2023, marking a 25% increase from 2022. Bitcoin-based revenues accounted for the lion’s share of revenues, with $9.5 billion accrued from purchases and sales of the benchmark cryptocurrency. However, extremely tight spreads mean gross bitcoin profits were less than 3%. Block applies a small margin when facilitating bitcoin purchas ...