Leveraged ETFs tied to SK Hynix are getting hammered as chip wreck deepens
Volatility around the AI trade has been rough this week for bullish bets on stocks via leveraged ETFs
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Retirees Are Surprised by This Social Security Rule Every Year
For millions of retirees relying on Social Security, understanding the rules of this popular benefits program is crucial. Unfortunately, some rules are confusing and work differently than you might expect. In fact, there’s one specific regulation that surprises retirees each year — and it could cost them money. Here’s what the rule is, along with…
Japanese stocks ride the AI boom – can the rally last?
Investors in Japanese stocks – like investors everywhere – need to be alert to concentrated exposure to the AI story. Over the past few months, it has gone from important to indispensable. Wherever you look, the stocks that are doing best are linked to AI demand, while those that are AI-agnostic or an “AI loser”…
Op risk data: Pentwater pays up for taking Avis shares for a spin
Op risk data: Pentwater pays up for taking Avis shares for a spin – Risk.net Skip to main content End of drawer navigation content Also: Romania’s Robor cop gets tough on benchmark rigging; Wamco’s cherry-picking squashed. Data by ORX News Pentwater Capital Management incurred June’s largest loss when it agreed to pay $650 million to…
Buffett favors an estate tax, but like virtually all billionaires, he won’t be paying it
BECKY QUICK: You said earlier that this is not a tax reform bill. It’s a tax cut. WARREN BUFFETT: A tax cut. BECKY QUICK: What do you think about it? WARREN BUFFETT: Well, I — I don’t think I need a tax cut. But — for example, the current proposal eliminates the estate tax. And…
Why Abbott Stock Jumped Today
Shares of Abbott Laboratories (ABT +10.61%) popped on Thursday after the healthcare products provider raised its full-year profit forecast. Image source: Getty Images. An intelligent acquisition is fueling Abbott’s growth Abbott’s sales rose 13% to $12.6 billion in the second quarter, boosted by its $21 billion acquisition of cancer screening leader Exact Sciences in March….
Who is Andy Burnham, the ‘Manchester messiah’?
Andy Burnham’s arrival at London Euston, on the authentically late-running 10:43am Avanti West Coast service, reminded some of Barack Obama’s “Hope express” from Chicago to Washington in 2008 and others of the secret “sealed train” carrying Vladimir Lenin to St Petersburg in 1918. As “Comrade Burnham” hurtled south, tracked by helicopters, he made a symbolic…
