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Micron Leads Tech Stocks Rally on Blowout Earnings Yahoo FinanceThe Long-Term Threat to the Memory Chip Boom Is Innovation WSJMicron Stock Rallies To New Heights But A Warning Signal Lurks Investor's Business DailyMicron's Huge AI Windfall Is Bad News for Most of Us Bloomberg.comBreakingviews - Micron's rise strains te
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A trend reversal in fund-flow data may show that investors are switching their focus from tech stocks to sectors in line to benefit as midterm elections approach this fall: illiquid cyclicals, housing, REITs, and small and midcap stocks.
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The stock's volatile run appeared largely disconnected from company fundamentals and instead reflected a burst of social media enthusiasm.
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WHEN Kit Harris was a student at Oxford University, he was not sure what he wanted to do later. He thought about becoming an actuary—decent pay and hours and the chance to use his training in probability theory. But, though Mr Harris enjoyed solving maths puzzles, he also wanted to help the less fortunate. Dilemma resolved! Naturally, he took a job as a derivatives trader.
He reasoned that, though plenty of do-gooders can grab entry-level jobs at non-profit groups, few have the quantitative skills to earn six-figure salaries at a bank. So he could make more of a difference by taking a lucrative job and donating large chunks of salary than by working for a charity directly.
Shunning his own advice, Mr Harris has since left finance to work for the Centre for Effective Altruism in Oxford. One of its initiatives, 80,000 Hours, advises people on careers they should pick to maximise their impact on the world. It argues such decisions should be based not on how much good a profession does...Continue reading
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