🛫 Boeing shakes up

Good morning investors! Bitcoin has once again crossed the 70K mark but stocks took a little breather yesterday.

Fun fact: The term “artificial intelligence” was publicly debuted in 1956 at the Dartmouth Conference. Yes, it is that old.

Today we cover:

• Big tech to get fined?

• Boeing shakeup.

• Investing in AI.

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📊 Economy and News 

Apple, Google and Meta at risk of ‘heavy’ fines

The European Union has initiated inquiries into Apple, Google, and Meta over suspicions of non-compliance with a new significant European law aimed at fostering competition in digital services.

The European Commission has stated that it "suspects" several practices by all three companies "do not fully comply" with the Digital Markets Act (DMA), which became effective earlier this month. Should the investigations uncover "insufficient compliance," the companies could be subject to "substantial fines."

Companies included: It currently applies to the three tech giants under investigation, as well as Amazon, Microsoft and ByteDance (TikTok). Some new names, including X (Twitter) and Booking.com may added in the future.

What does it change? The DMA requires dominant online platforms to give users more choices and rivals more opportunities to compete.

Global hits:

• Apple to launch Vision Pro in China this year.

• FTX estate selling majority stake in AI startup Anthropic for $884 million, with the bulk going to UAE.

• Binance executive escapes Nigerian custody as authorities file new tax charges.

📈 Stocks

S&P 500 5,218.19 (-0.31%)
DJIA 39,313.64 (-0.41%)
NASDAQ 18,277.06 (-0.34%)
BRENT CRUDE 86.67 (-0.01%)
* Prices as of Mar 26th, 12:20 AM UTC

Boeing shakes up

In a major twist, Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup.

Chairman of the board Larry Kellner will not seek reelection this year, and Stan Deal, CEO of the commercial airplane unit, is leaving, effective immediately.

These changes come amidst mounting pressure from airlines and regulators for significant changes at Boeing following numerous quality and manufacturing issues with its planes.

Boeing's production challenges have led to delays in delivering new planes to customers, impacting the company's growth plans. CEOs of several major customers, such as United Airlines, Southwest Airlines, and American Airlines, have publicly expressed concerns about these delays.

Ryanair, Boeing's largest airline customer in Europe, stated on Monday that it supports the management changes.

💵 Personal Finance

How to invest in the AI revolution

Here are a few options (from most risky to least):

• Invest in individual stocks. This is a more risky option, but it can also be more rewarding. When investing in individual stocks, you are essentially betting on the future success of a particular company. Some top AI stocks include Nvidia, Symbotic, and Helix Energy Solutions Group. They have all been up above 200% in the last 12 months, so it might be wise to look at some newer names as well.

• Invest in mutual funds or ETFs. This is a less risky option than investing in individual stocks. Mutual funds and ETFs are baskets of stocks that are managed by professional investors. This means that you don't have to worry about picking individual stocks, and you can spread your risk across a number of companies.

• Invest in technology-focused exchange-traded funds (ETFs). An ETF is a type of mutual fund that trades on a stock exchange. ETFs are a good way to invest in a particular sector of the market, such as technology. This is because ETFs track a specific index, such as the NASDAQ 100, which includes the 100 largest non-financial companies listed on the NASDAQ stock exchange.

When investing in technology, it is important to do your research and to understand the risks involved. Technology is a volatile sector, and prices can fluctuate wildly. However, if you are willing to take on some risk, investing in technology can be a rewarding and many believe this sector will continue to drive returns, like it has this year.

These ETFs invest in a variety of technology companies, including software, hardware, and telecommunications companies. They are a good way to get exposure to the technology sector without having to pick individual stocks.

When choosing a technology ETF, it is important to consider your investment goals and risk tolerance. ARKK is a more aggressive ETF that invests in disruptive innovation companies. VGT is a more conservative ETF that invests in large-cap technology companies. IYW and XLK are both mid-cap technology ETFs.

It is also important to consider the fees associated with the ETF. ARKK has an expense ratio of 0.75%, while VGT, IYW, and XLK all have expense ratios of 0.15%. The expense ratio is the percentage of your investment that the ETF company charges each year.

Here’s a video for a bit of motivation:

💰 Be a Better Investor

👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.

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