Why did the ETF betting against Jim Cramer’s stock picks shut down in less than a year?The Inverse Cramer Tracker ETF launched in March 2023 with a strategy built around betting against Jim Cramer’s stock recommendations. But ...
US stocks today: Technology stocks lift S&P 500 as US midterm vote keeps investors on edgeUS stocks rise as technology shares lead gains in the S&P 500 during the US midterm elections. Investors track the potential impact of the ...
China stocks edge higher as reports of market support lift sentimentChina’s stock market edged higher after reports that regulators would discuss measures to support capital markets. However, concerns over s...
Banks are safe; AI bubble is the risk for global markets: Julius Baer CEO Stefan BollingerStefan Bollinger highlights the potential risk of an AI bubble affecting global markets significantly. He notes that India's equity valuati...
Dollar rangebound ahead of US midterms; bitcoin reels from crypto heistMajor currencies remained steady as traders evaluated the upcoming US midterm elections and significant economic data. Bitcoin and Ether ex...
Silver loses more than half its value from record high: What went wrong and will it recover?Silver has plunged more than 58% from its February record high of nearly $120 an ounce to around $50, as profit-booking, weaker industrial ...
Buffett on gold: It does not lose because the pessimists are wrong. It loses for a reason almost nobody mentionsThe number of shares Berkshire Hathaway held in American Express did not change for eight years. Yet, its ownership of the company rose fro...
US sues Google for failing to restore a former employee to a similar job following military deploymentAccording to a complaint filed in Manhattan federal court, Mark Davisson spent 2-1/2 years as a Google key account executive, where he hand...
Rupee hits two-week low on 'sticky' dollar bids, modest intervention cushionsThe Indian rupee experienced a sharp decline on Thursday, hitting a two-week low against the dollar. Traders highlighted that heightened do...
Alvin K. Hellerstein, a federal judge who handled Trump, Maduro and 9/11 cases, dies at 92Alvin K. Hellerstein, a prominent federal judge in Manhattan, has died at the age of 92. He presided over notable cases involving public fi...
Big Tech earnings a test of the AI boom amid market turmoilInvestors are pressing for evidence that the AI boom can deliver swift returns to justify its enormous price tag. Rising bond yields at AI ...
Musk's warning hits neocloud stocks as debt concerns mountShares of neocloud companies have fallen significantly amid concerns about consolidation in the sector. Elon Musk warned that many neocloud...
Global Market: China's Lingjun Investment attracts $300 million from overseas investorsChina’s Lingjun Investment has raised at least $300 million from US and Southeast Asian investors as it resumes overseas fundraising. Stron...
Money managers say there’s nowhere to hide as Super El Niño formsInvestors are preparing for the impacts of an unprecedented El Niño cycle affecting global markets. The weather phenomenon is linked to ris...
Hedge funds retreat from tech at fastest pace in a decade as AI trade weakensHedge funds cut technology exposure at the fastest pace in at least a decade as the global AI trade weakened and tech stocks bore the brunt...
Global hedge funds suffer steep losses as AI trade unwinds, Asia funds hit hardestGlobal hedge funds suffered steep losses as investors unwound artificial intelligence-related trades amid inflation concerns and expectatio...
Global Market: Asian investors pour money into hedge funds as bond markets falterAsian investors are increasing allocations to hedge funds amid volatile bond markets, uneven equity performance and concerns about traditio...