Stock market bullmonsitj/Getty Images Leveraged ETFs that track the performance of Nvidia have soared this year. The leveraged funds focused on the AI giant have attracted $5 billion from investors. That amount is leagues beyond other single-stock ETFs that track mega-cap tech names. A new type of exchange-traded fund has made waves over the past […]
(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 […]
By Shivangi Acharya, Krishn Kaushik AYODHYA/VARANASI, India (Reuters) -A seminal moment in Prime Minister Narendra Modi’s unsuccessful campaign to retain his parliamentary majority occurred days before India’s marathon election began in April. Speaking in the constituency that includes the Hindu temple town of Ayodhya, lawmaker Lallu Singh said that his and Modi’s Bharatiya Janata Party […]
Nvidia As Nvidia Corp. heads toward a 10-for-one stock split after the market closes on Friday, questions are mounting as to how far this barometer for investors’ enthusiasm for artificial intelligence will run. Currently trading at more than $1,200 a share, Nvidia has gained almost 150% this year, and is up more than 210% over […]
(Bloomberg) — The latest Nvidia Corp. frenzy is fueling an unprecedented rally in the booming industry of leveraged-up ETFs as retail traders go all-in on the world’s “most important stock.” Most Read from Bloomberg A GraniteShares fund, which gives investors two times the daily return of the Jensen Huang-run company, is now up 450% over […]
(Bloomberg) — Tesla Inc.’s slide to the lowest level since May attracted a wave of bullish option buying not in the stock itself, but with an exchange traded fund that offers more leverage. Investors flocked to a call option in Direxion Daily TSLA Bull 1.5X Shares ETF (ticker TSLL), an exchange-traded fund that seeks to […]
NEW YORK (AP) — Newly released court documents describing Jeffrey Epstein’s sexual abuse of teenage girls provide a reminder of how the financier leveraged connections to the rich, powerful and famous to recruit his victims and cover up his crimes. The more than 40 documents released late Wednesday — the latest of thousands that have […]