We’re making several more trims, targeting tech and an economically sensitive automaker due to our concerns about an aggressively hawkish Fed.
Source
We’re trimming tech stocks and an automaker because it never pays to fight the Fed
Technology
Proxy advisor ISS recommends Tesla shareholders oppose Elon Musk $1 trillion pay plan
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Top proxy advisor Institutional Shareholder Services is recommending that Tesla investors vote against a pay plan for CEO Elon Musk that would grant him nearly $1 trillion more […]
Read More
Technology
$500 purple cables put this little-known company in the middle of the AI boom
A demo setup of racks of AI servers connected with Credo cables, displayed at the Open Compute Summit in San Jose, California. Credo In July, Elon Musk posted photos from inside an xAI data center called Colossus 2, which the artificial intelligence startup aims to turn into a massive supercomputing facility in Memphis, Tennessee. Musk’s […]
Read More
Technology
Salesforce CEO apologizes for saying Trump should send National Guard to San Francisco
Salesforce CEO Marc Benioff delivers the keynote address at the start of the Dreamforce conference at the Moscone Center in San Francisco, California Tuesday, Oct. 14, 2025. Jessica Christian | San Francisco Chronicle | Hearst Newspapers | Getty Images Salesforce CEO Marc Benioff apologized on Friday for making comments in support of President Donald Trump […]
Read More