Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Rating Upgraded by Truist Financial

Technology Select Sector SPDR Fund (NYSEARCA:XLK) Stock Rating Upgraded by Truist Financial
Technology Select Sector SPDR Fund (NYSEARCA:XLK – Get Rating) was upgraded by stock analysts at Truist Financial from an “underweight” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports. Technology Select Sector SPDR Fund Price Performance Shares of XLK opened at $137.22 on Thursday. Technology Select Sector SPDR Fund has a one year low of $122.46 and a one year high of $177.04. The stock has a 50-day moving average price of $132.75 and a 200 day moving average price of $145.97. Hedge Funds Weigh In On Technology Select Sector SPDR Fund A number of hedge funds have recently modified their holdings of XLK. Rinkey Investments bought a new position in shares of Technology Select Sector SPDR Fund in the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in ...

Back Market, platform for refurbished tech gadgets, raises $335 million

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Back Market, an online platform for buying, selling and servicing refurbished tech gadgets, said on Tuesday it raised $335 million in its latest funding round which valued the company at $3.2 billion.The company, started in France in 2014, aims to make it easier for customers to buy refurbished gadgets like iPhones without having to worry that the seller may be peddling stolen or broken goods, said Chief Executive Thibaud Hug de Larauze.To ensure the quality of the refurbished-goods merchants, Back Market has a strict onboarding policy, he said. That includes an acceptance rate to join the platform of only 30%, followed by a sales limit of five items a day for 40 days to prove their products have low failure rates and their customer service meets the standards.“We basically take all the feedback from the clients. We make a quality score. And...

Congress Should Fund $500M in Near-Term Quantum Computing Applications, Establish a National Quantum Research Cloud, New Report Argues

Congress Should Fund 500M in Near Term Quantum Computing Applications Establish
WASHINGTON, April 27,2021 — Quantum computing technologies are still in the early phases of development, but organizations are already using them in real-world applications from designing drugs to optimizing inventory systems to reducing carbon emissions. As other nations rapidly scale up their investments to develop and use quantum computing, a new report released today by the Center for Data Innovation urges U.S. policymakers to ensure the United States remains a leader in the field by investing in these near-term applications. Doing so would bolster the development of longer-term use cases, according to the Center, which would help cement U.S. economic competitiveness and protect national security. “The current enthusiasm for quantum computing could lead to a virtuous cycle of progress, as the semiconductor industry has seen, but only if...