(Bloomberg) — For day traders riding the AI-fueled stock mania, it’s been a money-minting bet like no other — offering double-digit returns week in and week out. Most Read from Bloomberg Now though — after pouring a record amount of cash into a leveraged-up ETF — a cohort of retail investors is facing big losses […]
(Bloomberg) — Rishi Sunak’s advisers have known for some time that it was unlikely he would win the UK general election. When they received internal polling this week confirming the prime minister was on course for a worst-case scenario, they privately accepted defeat and shifted their focus to ensuring survival of the Conservative Party. Most […]
Nvidia (NVDA) dropped slightly on Thursday afternoon. CapWealth founder and chief investment officer Tim Pagliara joins Market Domination Overtime to give insight into Nvidia’s recent performance and key concerns for the tech giant and its customers. Pagliara explains that a “better bet” than Nvidia is to invest in the companies that provide the supporting infrastructure […]
Rishi Sunak faced calls to launch an inquiry after one of his protection officers was arrested over alleged bets on the timing of the UK General Election. The Metropolitan Police said it was informed by the Gambling Commission that a police constable from the force’s Royalty and Specialist Protection Command was being investigated over the […]
Javier Milei, the Argentine president, hopes his country’s copper reserves can help lift its economy out of the doldrums – Anna Moneymaker/Getty Images North America The Los Azules mining project is nestled in a beautiful yet austere stretch of the Andes. Just a few miles from the border with Chile, it is one of the […]
Nuclear Power Plant – Uranium Bill Gates is betting on the future of nuclear energy as his next generation nuclear power plant, TerraPower, started construction last week. While his company is privately held, exchange-traded fund investors can gain exposure to nuclear energy’s growth potential with uranium ETFs. Nuclear power plants use controlled nuclear fission of […]
NEW YORK — Gov. Kathy Hochul is facing political consequences for her congestion pricing reversal. Two weeks after she yanked support for a controversial New York City tolling plan, fellow Democrats and left-leaning activists are casting about for potential challengers to one of the nation’s most prominent governors — one who has positioned herself as […]
By Sethuraman N R, Nandan Mandayam and Aditi Shah NEW DELHI (Reuters) -Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. The IPO will make […]
(Bloomberg) — Apple Inc. investors finally have a roadmap for how it will use artificial intelligence — and they’ve responded by pushing the stock to a record high this week. Most Read from Bloomberg Wall Street is betting that new iPhone AI features — including Apple’s agreement with OpenAI to integrate ChatGPT — will spur […]
Standing outside the Catholic school where he teaches in eastern France, Charles Lauvergne said he was unsurprised the far right did so well in last week’s European elections. “It’s logical when you look at France’s deterioration,” said the 38-year-old maths teacher. “We pay tons of taxes for a country that no longer functions… There is […]
(Bloomberg) — Holdings of the GameStop Corp. call options Keith Gill — known online as ‘Roaring Kitty’ — purported to own shrank amid a flurry of late trading Wednesday, suggesting that he may have sold some of the position. Most Read from Bloomberg Volume of GameStop $20 calls expiring on June 21 surged to 93,266 […]
David Tepper has never been averse to making big bets. Many of them have paid off handsomely and helped make him one of the wealthiest people on the planet. Tepper’s net worth of $20.6 billion landed him at No. 94 among Forbes‘ ranking of the world’s billionaires. The Appaloosa hedge fund manager isn’t one to […]