Vanguard Total World Bond ETF (NASDAQ: BNDW)

Latest news for Vanguard Total World Bond ETF (NASDAQ:BNDW)

Vanguard Total World Bond ETF

The advisor intends to obtain its exposure to the bonds held in the index by investing all, or substantially all, of its assets in two Vanguard bond index ETFs (underlying funds), rather than in individual securities held in the index. The index is designed to track the market capitalized weights of the global investment-grade bond market.

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iShares Trust Barclays 20+ Year Treasury Bond Fund

The traditional 60/40 investment portfolio recorded 13% growth in 2023, its third-best year since 2008. Investors ponder if favorable conditions in H2 of 2023 will continue in 2024.

60/40 Portfolio Bounces Back From 2022 Slump: Is It The Right Investment Strategy For 2024?

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Vanguard Adds To Fixed Income Lineup With Total World Bond ETF

New York City Mayor <a href="https://www.benzinga.com/topic/eric-adams">Eric Adams</a> celebrated what he called his victory on illegal smoke shops in and around the Big Apple Wednesday by destroying more than 8,000 pounds of cannabis products seized in "<a href="https://www.benzinga.com/markets/cannabis/24/05/39029601/new-york-city-cops-seize-millions-of-dollars-in-illegal-weed-products-under-mayors-operation-pad">Operation Padlock</a>."
&#8220;We&#8217;re going to destroy four tons of cannabis,&#8221; Adams said. &#8220;We have to stay on top of this because there are so many people who like to participate in this illegal endeavor. We&#8217;re going to destroy illegal cannabis in this city. It&#8217;s not going to go in our neighborhoods.&#8221;
The mayor used a crane to move the more than four tons of these weed products into an incinerator at a facility in just outside New York City where they were then burnt to a crisp.
<h1 class="wp-block-heading">And For Good Measure, The Ashes Are Turned Into Vapor</h1>
&#8220;We don&#8217;t want it recycled back into the communities. Placing it in a landfill, just really opens the door for them to salvage whatever they can. The goal is the destruction of the product,&#8221; Adams said.
<h1 class="wp-block-heading">Not To Worry, No One Got Stoned At Weed-Burning Party</h1>
&#8220;No one would be getting high off of what we&#8217;re burning today,&#8221; Adams said. 
Bobby Green, who runs the facility housing the incinerator, explained that a filtration system would &#8220;scrub all those fumes,&#8221; leaving &#8220;about 99.9 percent water vapor.&#8221; 
The heat from burning the cannabis and other garbage is converted into renewable energy used to power the facility and roughly 65,000 homes on Long Island.
&#8220;They have filtering system over 90 something percent is filtered, doesn&#8217;t get into the air. So this is a well-organized operation, you know, so if you live in the area, you&#8217;re not getting high,&#8221; Adams said.
According to a release from the mayor's office, in addition to Adams, New York City Sheriff Anthony Miranda, New York City Police Commissioner Edward Caban and New York City's Consumer and Worker Protection (DCWP) Commissioner Vilda Vera Mayuga were at the cannabis campfire.
Since the joint law enforcement effort involving the NYPD, the New York City sheriff, and other city and state agencies, Operation Padlock&nbsp;has shut down a thousand operations.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40561500/hemp-shops-caught-in-the-crossfire-new-york-city-vendors-claim-unfair-shutdowns">Hemp Shops Caught In The Crossfire, New York City Vendors Claim Unfair Shutdowns</a></li>
</ul>
Photo courtesy of NYC Mayor&#8217;s office

Cannabis

Regulations

Legal

4 Tons Of Seized Marijuana Burnt To A Crisp By NYC Mayor Adams; Top Cop, Sheriff Join The Cannabis Campfire

A new swing state election poll shows Donald Trump with a lead over Vice President Kamala Harris with less than three months to go in <a href="https://www.benzinga.com/topic/2024-election">the 2024 election.</a>
While there are positives for Trump in the poll, Harris shows strength in key voter groups.
 What Happened: Harris has been leading Trump in <a href="https://www.benzinga.com/general/politics/24/08/40590715/harris-vs-trump-no-democratic-national-convention-bump-for-vice-president-rfk-jr-suspension-fail">many 2024 election polls </a>and gaining momentum since officially becoming the Democratic Party nominee in the presidential election.
A new poll from Noble Predictive Insights <a href="https://www.noblepredictiveinsights.com/post/harris-shakes-up-key-demographics-in-2024-presidential-race">shows </a>Trump with a lead in the key swing state of Arizona at 47% to 44%, as <a href="https://nypost.com/2024/08/27/us-news/trump-tops-harris-in-poll-of-battleground-arizona-but-veep-fares-better-than-biden-with-key-groups/">reported </a>by the New York Post. The three-point lead is the same from May when Trump led President Joe Biden by three points.
However, this time around Harris has gained support for the Democratic Party among Independent voters, Latinos and young voters.
Harris also leads the head-to-head vote among Independent voters by five points, compared to Trump having a 10-point lead over Biden previously.
For voters aged 18-34, Harris leads Trump by 11 points, erasing a 2-point lead Trump previously had over Biden.
"Almost every poll is somewhere between Harris+5 and Trump+5. That suggests an almost tied race. We give a small edge to Trump in this poll — but, with more than two months to go, either candidate could win the state," NPI Chief of Research David Blyer said.
Trump was viewed as the more favorable candidate for top election issues of immigration, inflation, taxes and gun policy. Harris is viewed as more favorable on abortion, climate change, education and health care.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent082824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The new poll comes as the 2024 election polls are constantly changing with Biden out of the race and Harris now the nominee. Robert F. Kennedy Jr. suspending his campaign is also changing polls with more undecided voters or voters who were going to pick another candidate now choosing one candidate.
A<a href="https://www.benzinga.com/general/politics/24/08/40612792/kamala-harris-to-give-first-tv-interview-since-accepting-democratic-nomination-how-and-when-to-w"> sit-down interview </a>for Kamala Harris with CNN on Aug. 29 and the <a href="https://www.benzinga.com/general/politics/24/08/40265985/trump-vs-harris-2024-presidential-election-candidates-agree-to-sept-10-debate-could-more-faceoff">upcoming presidential debate </a>between Harris and Trump on Sept. 10 could provide more changes to election polls.
"The real question — the one that no one knows the answer to — is how Harris fares under scrutiny. She just secured the nomination, and voters don't know her the way they know Trump," NPI founder and CEO Mike Noble said.
Arizona is one of six or seven <a href="https://www.benzinga.com/topic/swing-states">swing states</a> viewed as toss-ups and could decide the 2024 election. Arizona is worth 11 electoral votes and has seen recent visits from the presidential and vice-presidential candidates in a push to secure the vote.
The state was won by Biden in the 2020 election and won by Trump in the 2016 election. The state voted Republican in 10 of the last 12 presidential elections dating back to 1976 <a href="https://www.270towin.com/states/Arizona">according </a>to 270towin.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent082824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image: Gguy via Shutterstock

Politics

Trump Vs. Harris: Former President Posts Lead In Key Swing State, Vice President Gains Support In Key Voter Groups For Democrats

Nutanix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) shares are trading higher in Wednesday&#8217;s after-hours session on the heels of the company&#8217;s fiscal fourth-quarter financial results. Here&#8217;s a <a href="https://www.benzinga.com/pressreleases/24/08/b40611270/nutanix-reports-fourth-quarter-and-fiscal-2024-financial-results">rundown of the print</a>.
<ul>
<li>Q4 Revenue: $547.95 million, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $536.94 million</li>
</ul>
<ul>
<li>Q4 EPS: 27 cents, versus estimates of 20 cents</li>
</ul>
Total revenue was up 11% year-over-year. Annual recurring revenue climbed 22% year-over-year. Operating cash flow came in at $244.7 million and free cash flow was $224.3 million in the quarter.
&#8220;Our&nbsp;fourth quarter&nbsp;was a solid finish to a fiscal year that showed good progress on our financial model with solid top-line growth and sharp year-over-year improvement in profitability,&#8221; said Rajiv Ramaswami, president and CEO of Nutanix.
&#8220;In fiscal 2024, we also made notable progress on partnerships, signing new or enhanced agreements with Cisco, NVIDIA and Dell, and continued to innovate towards our goal of being the leading platform for running applications and managing data, anywhere.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40613674/five-below-stock-climbs-after-q2-results-eps-in-line-sales-beat">Five Below Stock Climbs After Q2 Results: EPS In-Line, Sales Beat</a>
Outlook: Nutanix expects first-quarter revenue to be in the range of $565 million and $575 million versus estimates of $536.91 million. The company expects full-year revenue to be in the range of $2.435 billion to $2.465 billion versus estimates of $2.139 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
NTNX Price Action: Nutanix shares were up 14.09% in after hours, trading at $59.66 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Courtesy of Nutanix.

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Nutanix Stock Jumps On Q4 Earnings: The Details

Tokyo Smoke, an award-winning cannabis retailer, announced Wednesday it has begun a restructuring of its business and obtained an Initial Order under the Companies&#8217; Creditors Arrangement Act (CCAA) from the Ontario Superior Court of Justice in Canada. As a result, it will be shutting 29 of its stores.
What Happened: The Canadian company, <a href="https://www.benzinga.com/markets/cannabis/23/01/30256663/canopy-divests-tweed-and-tokyo-smoke-retail-assets-in-an-effort-to-reach-profitability">previously owned by </a><a href="https://www.benzinga.com/markets/cannabis/23/01/30256663/canopy-divests-tweed-and-tokyo-smoke-retail-assets-in-an-effort-to-reach-profitability">Canopy Growth</a><a href="https://www.benzinga.com/markets/cannabis/23/01/30256663/canopy-divests-tweed-and-tokyo-smoke-retail-assets-in-an-effort-to-reach-profitability"> Corp</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>), provides regulated products online as well as across 61 retail locations. It has secured financing to continue normal operations while it restructures its business. 
This will include, per a company <a href="https://www.newswire.ca/news-releases/tokyo-smoke-alters-retail-footprint-to-align-with-current-market-and-regulatory-conditions-872842939.html">press release</a>, "adjusting its total retail footprint through the closing of 29 locations, with continued operation of approximately 167 locations across Ontario, Manitoba, Saskatchewan and Newfoundland and Labrador."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40591338/canadas-cannabis-growth-slowed-due-to-federal-gov-inaction-key-industry-leader-says">Canada&#8217;s Cannabis Growth Slowed Due To Federal Gov Inaction, Key Industry Leader Says</a>
This move encompasses Tokyo Smoke's various retail programs and its medical cannabis business. Retail locations unaffected by the restructuring will continue to operate in the normal course with no disruption or change to its online business or to The High Roller Club loyalty program, the company stated.
Following a thorough review of all available options and alternatives, Tokyo Smoke began the restructuring to align its operations with current market and regulatory conditions, which have significantly changed since the initial licensing regimes in the provinces where Tokyo Smoke operates were introduced.
The company says it will pursue an exit from CCAA protection &#8220;as a stronger business, better positioned to continue providing premium products to its customers over the long-term while continuing to provide jobs to its more than 500 dedicated employees across Canada.&#8221;
Reconstruct LLP is acting as legal advisors to Tokyo Smoke and Alvarez &amp; Marsal Canada Inc. is acting as the CCAA Monitor. Additional information regarding the CCAA proceedings will be made available on the Monitor&#8217;s website at alvarezandmarsal.com/TokyoSmoke.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40577591/decibels-10m-strategy-how-it-could-enhance-your-canadian-cannabis-portfolio">Decibel&#8217;s $10M Strategy: How It Could Enhance Your Canadian Cannabis Portfolio</a></li>
</ul>
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WEED

Cannabis Retailer Tokyo Smoke To Close 29 Stores In Canada As It Seeks Creditor Protection

OpenAI, the startup behind the artificial intelligence portal known as ChatGPT, is about to get a massive cash infusion that will pump its valuation beyond $100 billion.
What Happened: Venture capital firm Thrive Capital is leading a fundraising effort and will invest at least $1 billion, according <a href="https://www.wsj.com/tech/ai/openai-in-talks-for-funding-round-valuing-it-above-100-billion-4f0550c5">to</a> the Wall Street Journal.
Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), an original OpenAI investor, is also expected to participate in the round. It remains to be seen what other backers, if any, are joining the campaign.
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal">Nvidia Q2 Earnings, Guidance Top Street View As AI Fuels Record Data Center Revenue: Gross Margin Falls Quarter-Over-Quarter, Stock Drops</a>
In 2023, OpenAI was valued at $86 billion.
Why It Matters: OpenAI&#8217;s ChatGPT product boasts hundreds of millions of monthly users.
While technically a nonprofit, OpenAI charges its users depending on which GPT tier they use. The GPT-3.5 and the GPT-4o models are free with a registered account. The Plus version, which grants access to GPT-4, costs $20 per month.
The company&#8217;s offerings have helped it maintain an edge over big-name rivals, including Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>). The Google parent company dumped a $6-billion cash load into Anthropic, an Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)-backed competitor launched by former OpenAI executives.
Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is also hustling to build its own AI model. The company will likely integrate the tech into Facebook and Instagram.
OpenAI, meanwhile, is working with Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to power new AI features for the next generation of iPhones.
What&#8217;s Next: Expect the company to continue wrestling with lawsuits. Last month, the Center for Investigative Reporting sued the AI innovator and Microsoft, citing unauthorized use of its content. 
Earlier this week, OpenAI <a href="https://fingfx.thomsonreuters.com/gfx/legaldocs/znpnxamozpl/META%20OPENAI%20SILVERMAN%20INFRINGEMENT%20answer.pdf">insisted</a> that it makes fair use of copyrighted content to teach its language models to create original material.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40613150/crowdstrike-q2-earnings-revenue-beat-eps-beat-arr-up-32-even-more-customer-obsessed-company-followi">CrowdStrike Q2 Earnings: Revenue Beat, EPS Beat, ARR Up 32% &#8216;Even More Customer-Obsessed&#8217; Company Following IT Outage In July</a></li>
</ul>
Photo: Shutterstock

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GOOGL

MSFT

OpenAI On Cusp Of Raising Billions In New Venture Capital Round, Valuation Spikes To $100B: Report

Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) reported its fiscal-year financial results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/08/g40612864/iren-reports-full-year-fy24-results">key figures from the report.  </a>
The Details: Iris Energy reported record fiscal-year Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining revenue of $184.1 million, up from $75.5 million last year, driven by growth in operating hash rate and higher Bitcoin prices.
 Iris Energy reported an increase in its self-mining capacity from 5.6 EH/s to 10 EH/s during the year.
<ul>
<li>Iris Energy mined a record 4,191 Bitcoin, compared to 3,259 Bitcoin in fiscal year 2023, primarily driven by growth in operating hash rate.</li>
<li>AI Cloud Services revenue was $3.1 million.</li>
<li>Net electricity costs were $76 million, as compared to $35.8 million in fiscal year 2023, primarily driven by an increase in operating hash rate, with 80MW of additional capacity commissioned during the year.</li>
<li>The company ended the year with 816 NVIDIA H100 GPUs, servicing multiple customers. </li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/08/40603612/whats-going-on-with-trump-media-technology-stock-after-new-indictment-against-donald-trump">What&#8217;s Going On With Trump Media &amp; Technology Stock After New Indictment Against Donald Trump?</a>
&#8220;We are pleased to report our full year FY24 results, which highlights continued growth across revenue, earnings and cashflow,&#8221; said Daniel Roberts, co-founder and co-CEO of Iris Energy. &#8220;Our 2024 guidance remains unchanged. With 15 EH/s installed, we are well on track to achieve our 20 EH/s milestone next month and 30 EH/s this year.&#8221;
Outlook: The company left its 2024 guidance unchanged and said it is on track to achieve the 20 EH/s milestone next month and 30 EH/s this year.
IREN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Iris Energy shares are up 5.12% after-hours at $7.80 at the time of publication Wednesday.
Read Also:
<ul>
<li>&nbsp;<a href="https://www.benzinga.com/news/24/08/40581122/kerrisdale-capital-is-short-lumen-technologies-heres-what-to-know">Kerrisdale Capital Is Short Lumen Technologies: Here&#8217;s What To Know</a></li>
</ul>
Image: Gerd Altmann from Pixabay

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

IREN

Iris Energy Stock Climbs After FY24 Results: 4,191 Bitcoin Mined, Record Mining Revenue And More

Guidance

NVDA

Nvidia CEO Said Blackwell Will Ship Out in the Billions of Dollars by End of This Year -Conf Call

The five-year contract has an expiry date of September 30, 2029 and qualifies as contractual backlog given minimum hour commitments in the agreement. Scopes awarded for fully maintained equipment and related services are estimated to result in a total value of approximately&nbsp;$375 million.
Contract scopes are expected to be fully ramped up by mid-2025. To achieve the increased scope, the agreement requires an on-site maintenance facility and twenty additional units, for total growth capital of between&nbsp;$50&nbsp;and&nbsp;$55 million, which will be purchased and constructed by MacKellar primarily in the&nbsp;fourth quarter&nbsp;of 2024.

Contracts

North American Construction Says Subsidiary Mackellar Secured 5-Year Contract From An Existing Client, A Metallurgical Coal Producer In The State Of Queensland, Australia

Nvidia CEO Said Demand for Hopper Is Really Strong  -Conf Call

If Nasdaq accepts the Company&#39;s plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Annual Report, or until September 30, 2024, to file the Annual Report,&nbsp;Q1&nbsp;Quarterly Report and the&nbsp;Q2&nbsp;Quarterly Report to regain compliance.

EGIO

Edgio Receives Notice From Nasdaq Stating That It Is Not In Compliance With Continued Listing Requirements

Nvidia CFO Said Revenue From Nations Building Ai Applications Is Expected To Reach Low Double Digit Billions In Fiscal 2025 -Conf Call

WIIM

BCDA

BioCardia shares are trading higher after FDA cleared the company to market its Morph DNA Steerable Introducer product family.

Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) has outperformed the market over the past 20 years by 1.59% on an annualized basis producing an average annual return of 9.91%. Currently, Charles Schwab has a market capitalization of $116.62 billion. 
Buying $100 In SCHW: If an investor had bought $100 of SCHW stock 20 years ago, it would be worth $684.28 today based on a price of $63.75 for SCHW at the time of writing.
<h3>Charles Schwab's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724880633_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SCHW

$100 Invested In This Stock 20 Years Ago Would Be Worth $700 Today

Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) has outperformed the market over the past 10 years by 20.24% on an annualized basis producing an average annual return of 31.02%. Currently, Eli Lilly has a market capitalization of $850.90 billion. 
Buying $1000 In LLY: If an investor had bought $1000 of LLY stock 10 years ago, it would be worth $14,901.70 today based on a price of $945.00 for LLY at the time of writing.
<h3>Eli Lilly's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724880628_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Eli Lilly 10 Years Ago Would Be Worth Today

Nvidia CEO: Went Deeply Into Generative AI Cause It's a Fundamental New Way of Doing Software

Nvidia Said Q2 Gross Margins Negatively Impacted By Inventory Provisions For Low-yielding Blackwell Material & May Continue To Be Impacted In Future -Conf Call

YELP

Wall Street Journal Reports Yelp Files Federal Antitrust Lawsuit Against Google In San Francisco; Suit Alleges Google Has Illegally Abused Monopoly In General Search To Dominate Local Search, Local Search Advertising Markets

Several semicondutor stocks are volatile in Wednesday&#8217;s after-hours session after NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported <a href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal">financial results for the second quarter</a>.
Here's a look at some of the biggest movers in the chip space on Wednesday:
<ul>
<li>Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). Closed down 2.75% at $146.36.</li>
</ul>
<ul>
<li>Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). Closed down 3.07% at $94.86.</li>
</ul>
<ul>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>). Closed down 19.02% at $443.49.</li>
</ul>
<ul>
<li>Taiwan Semiconductor Manufacturing Company Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>). Closed down 0.79% at $169.20</li>
</ul>
<ul>
<li>Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). Closed down 2.29% at $19.61.</li>
</ul>
<ul>
<li>Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>). Closed down 1.82% at $68.44.</li>
</ul>
What Happened With NVDA: After the market closed on Wednesday, Nvidia reported second-quarter revenue of $30.04 billion, beating the <a href="https://www.benzinga.com/calendars/earnings">consensus estimate</a> of $28.684 billion. The leading AI chipmaker reported adjusted earnings of 68 cents per share, beating analyst estimates of 64 cents per share, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
&#8220;Hopper demand remains strong, and the anticipation for Blackwell is incredible. NVIDIA achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with accelerated computing and generative AI,&#8221; said Jensen Huang, founder and CEO of Nvidia.
Nvidia expects third-quarter revenue of $32.5 billion, plus or minus 2%, versus estimates of $31.77 billion. The company anticipates gross margins of 74.4% and adjusted gross margin of 75% in the third quarter. 
The company&#8217;s board also approved an additional $50 billion in share repurchases. The additional buyback approval does not have an expiration date. 
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal">Nvidia Q2 Earnings, Guidance Top Street View As AI Fuels Record Data Center Revenue: Gross Margin Falls Quarter-Over-Quarter, Stock Falls</a>
Why It Matters: Nvidia shares are sliding despite beating expectations, likely due to the remarkable run in shares over the past two years on the back of surging demand for the company&#8217;s AI chips. 
Several other players in the semiconductor space have benefitted from the AI boom as well and often trade in sympathy with Nvidia. 
Nvidia&#8217;s conference call, which is set to kick off at 5 p.m. E.T. could spark more volatility across the space after hours.
There are still some chip names that are yet to report results for the period. 
Marvell Technology is due to report earnings results after the market close on Thursday and Micron recently scheduled its quarterly results for next month. Nvidia shares were down 5.56% after hours, trading at $118.62 at the time of publication Wednesday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: Shutterstock.

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Nvidia Leads Semiconductor Stocks Lower Following Q2 Earnings: What Investors Need To Know

A new version of the Lucid Air Sapphire is being touted as both &#8220;indestructible&#8221; an the &#8220;fastest armored car on the planet.&#8221; It also exemplifies a continued fascination with bulletproof capabilities and other special features <a href="https://www.benzinga.com/electric-vehicles">of electric vehicles.</a>
What Happened: Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) CEO Peter Rawlinson is <a href="https://www.benzinga.com/news/management/24/06/39364585/lucid-vs-tesla-ceo-says-companys-technology-is-a-number-of-years-ahead-of-ev-leader">praising the company's technology </a>for being ahead of the competition. Meanwhile, a new third-party retrofit of a Lucid vehicle is taking things over the top regarding defense technology.
An armored version of the Lucid Air Sapphire from US Armor Group comes with features like bulletproof gas, poison gas protection, pepper spray dispensers, concealed gun ports, and electric-shock door handles.
According to <a href="https://electrek.co/2024/08/27/us-armor-group-unveils-armored-lucid-air-sapphire-with-pepper-spray-and-electric-shock-door-handles/">Electrek</a>, the armored Lucid Air Sapphire comes with a high price tag — $475,000. The standard Air Sapphire costs $250,000.
The vehicle has ballistic windows and lightweight armor that is ten times stronger than ballistic steel and lightweight to help make the vehicle bulletproof. The company said it can also upgrade the armor to be more resistant to high-powered rifles, explosive devices and grenades.
"At US Armor Group, our mission has always been to protect our clients against any and all potential threats, however we did not want to sacrifice in terms of performance or amenities," US Armor Group CEO and founder Jeffrey Engen said of the armored Air Sapphire. "With the armored Air Sapphire, our company has taken one of the world's fastest production vehicles ever built and transformed it into the fastest armored car on the planet."
The vehicle is also complete with added cybersecurity measures and connected to local police and fire scanners to stay aware of potential road threats.
The non-armored Air Sapphire goes from zero to 60 miles per hour in 1.98 seconds, and 100 miles per hour in less than four seconds. It can reach a top speed of 205 miles per hour, Electrek reports. The tri-motor vehicle has 400 miles of range.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/08/40171836/lucid-q2-earnings-highlights-revenue-beat-eps-miss-1-5-billion-financing-commitment-from-saudi-inve">Lucid Q2 Earnings Highlights: Revenue Beat, EPS Miss, $1.5-Billion Financing Commitment From Saudi Investment Fund</a>
Why It's Important: The armored vehicle is meant to appeal to niche customers (i.e., high-ranking officials and heads of state).
The new armored Air Sapphire version comes as the Tesla Cybertruck has attracted <a href="https://www.benzinga.com/news/23/12/36040908/watch-teslas-cybertruck-astounds-in-al-capone-style-bulletproof-demo-survives-tommy-gun-barrage">attention for being bulletproof</a>.
The Cybertruck also made recent headlines for the vehicle <a href="https://www.benzinga.com/news/24/08/40432032/putin-ally-unveils-tesla-cybertruck-with-machine-gun-invites-musk-to-russia">being adapted</a> into military purposes by Chechen leader Ramzan Kadyrov.
Kadyrov showed off a Cybertruck with a machine gun, and suggested it could be used in the war against Ukraine. Kadyrov, who is an ally of Russian President Vladimir Putin, said he got the vehicle from Tesla CEO Elon Musk. The Tesla CEO later <a href="https://www.benzinga.com/news/24/08/40434114/elon-musk-denies-donating-tesla-cybertruck-to-ramzan-kadyrov-after-russian-general-showed-off-truck">denied his involvement </a>in the vehicle making its way to Kadyrov.
If the latest versions of an armored electric vehicle being bulletproof and equipped with gadgets sound like something out of a James Bond movie, this could be foreshadowing. Lucid is expected to make the<a href="https://www.benzinga.com/general/entertainment/24/01/36832009/vehicle-electric-vehicle-could-lucid-motors-power-james-bonds-next-on-screen-car"> next James Bond vehicle.</a>
Read Next: 
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<li><a href="https://www.benzinga.com/top-stories/24/08/40517598/musk-take-notice-lucid-unveils-3-affordable-evs-to-compete-with-teslas-model-y-model-3">Musk, Take Notice: Lucid Unveils 3 Affordable EVs To Compete With Tesla&#8217;s Model Y, Model 3</a></li>
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Lucid Air EV 'Indestructible' In New Retrofit: Here's How Much The 'Fastest Armored Car On The Planet' Costs

BioCardia Says FDA Has Cleared Company To Market Its Morph DNA Steerable Introducer Product Family, Subject To The General Controls Provisions Of The Federal Food, Drug And Cosmetic Act - Filing

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PAXS: Price Outperforming The Portfolio Makes This Riskier Than Many Believe

BWG: Rising Foreign Allocation Should Benefit Investors

JGH: There Is Nothing Remarkable About This Global Fund

How To Set Up A 60-40 Portfolio Ahead Of Rate Cuts In H2 2024

Vanguard Total World Bond ETF declares monthly distribution of $0.1703

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BNDX As A Solution For Maximizing Performance In Non-U.S. Bond Markets

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The traditional 60/40 investment portfolio has recorded a remarkable year of growth in 2023, sharply rebounding from a disappointing year in 2022. As of Dec. 27, the year-to-date performance of the 60/40 portfolio, benchmarked by the iShares Core Growth Allocation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOR#NYSE">AOR</a>), <a href="https://www.benzinga.com/money/what-is-the-60-40-investment-strategy">stands at approximately 13%. </a>



This performance figure ranks as the third-best year for the strategy since its inception in 2008, trailing only behind the strong years of 2009 and 2019.



As we enter the new year, investors are pondering whether the favorable conditions that supported both equities and bonds in the second half of the year will endure.



<h2 class="wp-block-heading">60/40 Portfolio In 2022-2023: From Downturn to Upswing</h2>



The 60/40 portfolio is a time-tested investment strategy known for its simplicity and effectiveness. It involves allocating 60% of the portfolio to stocks and 40% to bonds, with the aim to strike a balance between risk and reward.



Stocks offer the potential for higher returns but come with higher risk, while bonds generally provide lower but more stable returns. By combining both asset classes, the portfolio naturally diversifies, potentially reducing the risk of significant losses since stocks and bonds often react differently to market conditions.



In 2022, the traditional 60/40 portfolio faced one of its most challenging years due to the Fed&#8217;s aggressive interest rate hikes, which created strong headwinds for both equities and fixed-income assets.



The gauge fell as much as 17%, wiping out a sizable portion of the pandemic rally. 



An initial $1,000 investment in a 60/40 portfolio at the beginning of 2022 dipped to less than $800 by November of that year, only to rebound to its current value of $928.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/27172235/newplot-5-1.jpeg" alt="" class="wp-image-170022" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/27172235/newplot-5-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/27172235/newplot-5-1-300x300.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/27172235/newplot-5-1-150x150.jpeg 150w" sizes="(max-width: 650px) 100vw, 650px" /></figure>



However, as inflation subsided in 2023, traders began to anticipate a normalization of elevated interest rates, betting on the Federal Reserve reducing borrowing costs in 2024. 



Money markets currently factor in six rate cuts by 25 basis points next year, a figure substantially higher than the indications given by Federal Reserve officials at the latest meeting, with the dot-plot showing a median preference for 75-basis-point cuts. 



Read also: <a href="https://www.benzinga.com/23/08/33967223/why-the-6040-portfolio-rule-is-not-for-everyone-the-statistics-might-surprise-you">Why The 60/40 Portfolio Rule Is NOT For Everyone – The Statistics Might Surprise You</a>



<h2 class="wp-block-heading">Will the 60/40 Portfolio Continue to Rally in 2024?</h2>



Looking ahead to 2024, it remains to be seen whether the numerous rate cuts currently priced in by the market will be delivered by the Federal Reserve. 



If these rate cuts materialize, bond yields are likely to continue heading lower, benefiting fixed-income assets and potentially rate-sensitive stocks such as those in the technology, real estate, and financial sectors.



On the other hand, if the decline in inflation stalls or fresh pressures emerge, the Federal Reserve may find it inappropriate to deliver as many rate cuts as currently expected by market participants. 



This could lead to disappointment in the markets and potentially weigh on both equities and bonds.



In summary, the 60/40 portfolio has made a strong comeback in 2023, but its performance in 2024 will depend on whether the anticipated rate cuts materialize and how economic factors evolve.



<h2 class="wp-block-heading">5 Strategies to Create a 60/40 Portfolio</h2>



Aside from the iShares Core Growth Allocation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOR#NYSE">AOR</a>), there are several other ways for investors to construct a 60/40 portfolio. 



Here are seven different approaches an investor can use to replicate a 60/40 portfolio, with each pairing a stock ETF with a bond ETF:



<ol>
<li>S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares 20+ Year Treasury Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NYSE">TLT</a>): Combining SPY, which tracks the S&amp;P 500 Index, with TLT, focusing on long-term U.S. Treasury bonds, offers a balanced portfolio with exposure to the U.S. stock market and the stability of government bonds.</li>



<li>Vanguard Total World Stock ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VT#NYSE">VT</a>) and iShares Core U.S. Aggregate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGG#NYSE">AGG</a>): VT provides global stock market exposure, while AGG tracks the U.S. Aggregate Bond Index, diversifying bond exposure.</li>



<li>iShares MSCI ACWI ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACWI#NYSE">ACWI</a>) and Vanguard Total International Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNDX#NYSE">BNDX</a>): ACWI offers global equity exposure, and BNDX focuses on non-U.S. bonds, providing international diversification.</li>



<li>iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and Vanguard Total Bond Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BND#NYSE">BND</a>): Similar to SPY, IVV tracks the S&amp;P 500, and BND provides diversified exposure to the U.S. bond market.</li>



<li>Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) and Vanguard Total World Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNDW#NYSE">BNDW</a>): VTI offers exposure to the entire U.S. stock market, and BNDW provides a globally diversified bond exposure.</li>
</ol>



Read now: <a href="https://www.benzinga.com/economics/macro-economic-events/23/12/36403950/treasury-etf-and-real-estate-sector-rise-together-as-30-year-yields-dip-below-4">Treasury ETF And Real Estate Sector Rise Together As 30-Year Yields Dip Below 4%</a>



Photo: Shutterstock

Last week, the second-largest U.S. issuer of exchange traded funds&nbsp;added to its lineup of fixed income ETFs with the debut of the Vanguard Total World Bond ETF (NASDAQ:<a class="ticker" href="/stock/BNDW#NASDAQ">BNDW</a>).

BNDW, which launched Sept. 6, is the total world cousin of the popular Vanguard Total Bond Market ETF (NYSE:<a class="ticker" href="/stock/BND#NYSE">BND</a>).

<h3>What Happened</h3>

As of July 31, BND had $36.4 billion in assets under management, making it one of the largest U.S.-listed fixed income ETFs.

The new ETF tracks the Bloomberg Barclays Global Aggregate Float Adjusted Composite Index and is structured as an ETF of ETFs, an approach Vanguard uses with the Vanguard Total Corporate Bond ETF (NASDAQ:<a class="ticker" href="/stock/VTC#NASDAQ">VTC</a>), which debuted last November.

<h3>Why It&#39;s Important</h3>

BNDW&#39;s holdings are the aforementioned BND and the Vanguard Total International Bond ETF (NASDAQ:<a class="ticker" href="/stock/BNDX#NASDAQ">BNDX</a>).

&ldquo;This structure enables the Vanguard Total World Bond ETF to achieve immediate scale by using existing exposure from the underlying ETFs and is expected to result in tighter bid-ask spreads and lower operating expenses than investing directly in the benchmark&rsquo;s constituents,&rdquo; Pennsylvania-based Vanguard said&nbsp;<a href="https://pressroom.vanguard.com/news/Press-Release-Vanguard-Launches-Total-World-Bond-ETF-090618.html">in a statement</a>.

BNDW charges 0.09 percent per year, or $9 on a $10,000 investment, making it cheaper than 90 percent of rival funds, <a href="https://investor.vanguard.com/etf/profile/BNDW">according to issuer data</a>. The new ETF&#39;s lineup is primarily comprised of investment-grade debt.

<h3>What&#39;s Next</h3>

&ldquo;With BNDW, Vanguard is the first firm to offer U.S. investors a single index product with exposure to the entire global investment-grade bond universe,&rdquo; Vanguard Chief Investment Officer Greg Davis said in the statement. &ldquo;It&rsquo;s a simple, convenient&nbsp;and low-cost way to obtain the diversification benefits offered by bonds of many countries and issuers.&rdquo;

BND is a domestic fund, while BNDX allocates 56.70 percent of its weight to European bonds.&nbsp;

Related Links:

<a href="https://www.benzinga.com/trading-ideas/long-ideas/18/09/12319677/make-the-corporate-call-with-this-etf">A Call On Corporates</a>

<a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/09/12303161/a-timely-etf-for-september">The Right ETF For September</a>

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