Search results for New York City
Industry
SpaceX early inclusion in Nasdaq 100 hits index funds, but experts say no need to avoid index investing
SpaceX’s early inclusion in the Nasdaq 100 led index funds tracking the benchmark to buy the stock automatically, but it is not seen as a structural risk that warrants avoiding index investing, an assessment said. The key issue is how index funds are managed and how stocks enter the index. Burton Malkiel warned SpaceX may be overvalued but said its inclusion is not a reason to shun index funds. Investors are watching governance concerns and changes in free float after lockups expire.
Crypto
Galaxy Digital CEO says Fed rate cuts could spur bitcoin gains
Michael Novogratz, CEO of Galaxy Digital, said U.S. Federal Reserve rate cuts could be a key catalyst for a bitcoin rebound. He said bitcoin has been pressured by weak price action, low retail interest and pessimism amid tight monetary policy. Others pointed to falling RSI, declining Google searches and concentrated holdings. Novogratz rejected claims bitcoin is a “dead asset” and said its long-term outlook should be assessed at least through around March 2027.
Mobility
Hyundai Ioniq 5 costs less than gasoline SUV on 900-km New York trip using public fast chargers
Hyundai Motor\'s electric SUV Ioniq 5 recorded a lower total cost than a gasoline SUV on a long-distance trip in New York using only public fast charging, an analysis showed. InsideEVs said the 560-mile round trip from New York City cost $620 including rental, charging and tolls. A gasoline SUV topped $750, while a hybrid crossover exceeded $700. The test used an older AWD model with a 77 kWh battery and a CCS port.
