Markets
The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s “It Was a Very Good Year,” as the industry just hit $1 trillion annually in assets this month, faster than any other time in history. “I think, largely speaking, you look across the different asset classes…
Riders have reportedly documented multiple incidents of driving issues with Tesla’s new robotaxi service, which the automaker rolled out earlier this week in Austin, Texas, with a small fleet of self-driving vehicles. Videos taken this week by passengers showed Tesla robotaxis – which are Model Y vehicles with advanced software…
The U.S. is expected to see a net influx this year of around 7,500 foreign millionaires – who have an estimated $43.7 billion in wealth — as the U.K. experiences a significant outflow of its rich. Around 142,000 millionaires around the world are projected to migrate to a new country…
Insiders at tech giant Nvidia have offloaded more than $1 billion in shares in the last year amid the stock’s rapid rise due to the artificial intelligence (AI) boom. The Financial Times reported that over $500 million in stock sales have occurred in the last month as Nvidia shares reached record highs,…
President Trump said the United States has “pretty much” reached a deal for a company to acquire the U.S. assets of TikTok and plans to begin talks with China this week. “I think we’re going to start Monday or Tuesday … talking to China, perhaps President Xi or one of…
Billionaire Elon Musk over the weekend announced that he’s launching a new “America Party” to challenge the Republican and Democratic parties – though his latest foray into politics has Tesla shares sliding. Musk on Friday posted a viral poll on X, the social media platform he owns, that asked users if…
Copper prices surged on Tuesday following President Donald Trump’s announcement that he will impose a 50% tariff on copper imports as he seeks to boost domestic production of the critical metal. The price of copper hit a record high following the president’s announcement at a Cabinet meeting in front of the…
Bitcoin hit a record high on Monday amid investors’ optimism that the cryptocurrency may soon have more regulatory certainty with legislation moving through the Republican-led Congress. Investors on Monday pushed bitcoin above the $120,000 threshold for the first time, touching an all-time high above $123,000 before paring some of those…
United Airlines was bullish on Wednesday about a “strong finish” to the year as the carrier saw demand begin to rise earlier in the month amid decreased uncertainty. The Chicago-based airline said in its second-quarter earnings report that demand posted a “sequential 6-point” acceleration beginning in early July, with business…
General Motors’ net income shrank 35% in the second quarter despite strong sales gains as President Trump’s automotive tariffs weighed on the largest automaker in the U.S. Despite the drop in profit, GM’s results exceeded Wall Street estimates for revenue and adjusted operating income. The company maintained its previous profit…
The United States has a copper problem. Simply put, the U.S. uses a lot of it and there aren’t enough American mines to pull it out of the ground fast enough. But Ivanhoe Electric is moving toward becoming the first U.S.-based company to open a copper mine stateside in over…
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