Investors have been jumping into single-stock funds that track Nvidia ahead of the chipmaker’s earnings report Wednesday, making this a key opportunity for a fast-growing corner of the ETF world to prove its worth. The GraniteShares 2x Long Daily Nvidia ETF (NVDL) has attracted more than $500 million of inflows over the last month, and is now over $5 billion in total assets, according to FactSet. The T-Rex 2X Long Nvidia Daily ETF (NVDX) and Direxion Daily NVDA Bull 2X Shares (NVDU) have also attracted inflows this month and now have more than $1 billion in assets combined. The three…
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Bleakley’s Peter Boockvar talks what he is expecting from Fed Chair Powell’s Jackson Hole speech. Source link
Venita Cooper, founder of Silhouette Sneakers & Art in the Greenwood district of Tulsa, Oklahoma.Parnia Mazhar| NBC News.TULSA — Nestled among rows of colorful shoes lining the walls of Silhouette Sneakers & Art, a framed black-and-white photo reminds owner Venita Cooper of the giants whose shoulders she stands on.Overlaid on that picture is the company name, Grier Shoe Shop, and its address — which is part of an area known as Black Wall Street. It was the business occupying Cooper’s building before it was destroyed during the Tulsa Race Massacre more than a century ago.In the decades between Grier and…
Elon Musk has attacked voting by mail as an “insane” idea that encourages election fraud, but he voted by mail twice when he lived in California, according to records of his voting history obtained by NBC News.Musk voted by mail in November 2016, the year Donald Trump defeated Hillary Clinton, and in the November 2018 midterm election, the records show. Musk’s primary residence was in Los Angeles at the time. The state records show that Musk had a sparse history of voting in California. During the 18 years he was eligible to vote there, he cast ballots in only those two elections. He…
Homeless people consume illegal drugs in an encampment along Willow St. in the Tenderloin district of downtown on Thursday, Feb. 24, 2022 in San Francisco, CA. Gary Coronado | Los Angeles Times | Getty ImagesAcross California, homeless encampments on city streets, in public parks and beneath highways have become among the most visible symbols of the state’s overwhelming challenges with affordable housing. Government officials are now using their newfound power to take on the problem.In late June, the U.S. Supreme Court ruled 6-3, with the conservative majority voting together, that cities are allowed to enforce fines and make arrests for public…
A young woman working at a table in a garden.Ute Grabowsky | Photothek | Getty ImagesAustralia has become the latest country to allow employees the “right to disconnect” from work, a measure that has so far been implemented mostly in European nations.Under the new legislation, that came into effect on Monday, organizations are not allowed to punish employees for not picking up their phone or responding to emails outside of work hours. This means that while employers and third-party clients can still make contact with their staff beyond paid hours, workers now have the legal right to refuse to respond —…
For many, Singapore — the city that inspired “Crazy Rich Asians” — is synonymous with luxury, with top-tier accommodations, high-end shopping and restaurants.But where to stay, shop and eat in a city that has so many options?CNBC’s “First Class” series takes viewers into the city’s top hotels and Michelin-starred restaurants, with an insider’s look into The Shoppes at Marina Bay Sands, home to an underwater tunnel that connects the main building to a floating Louis Vuitton store.Watch the video above for more details on how to travel in style in Singapore. Source link
CFOTO | Future Publishing | Getty ImagesNvidia said Wednesday that its board of directors has approved a $50 billion stock buyback.The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations.Nvidia returned $15.4 billion to shareholders in share repurposes and cash dividends as part of the company’s first half of its fiscal 2025. The company said it had $7.5 billion remaining under its share repurchase plan, as of the end of its fiscal second quarter.Last year, Nvidia announced a $25 billion share buyback as…
The semiconductor sector has been under pressure, but Morgan Stanley sees opportunities in one corner: the bonder market. It’s a market that involves the production of integrated circuits and microelectronic components and is driven in part by the demand for electronics such as smartphones and electric vehicles. “Overall cycle is recovering slowly and equipment vendors with higher advanced packaging exposure should outgrow peers in 2H24 … We remain optimistic about the bonder market due to a combination of cyclical and secular tailwinds,” investment bank’s analysts wrote in an Aug. 22 research note. “The cyclical recovery that many were expecting in…
Images By Tang Ming Tung | Digitalvision | Getty ImagesEmployers are increasingly putting workers’ 401(k) plan savings on autopilot.But the positive impact of automated retirement savings is more muted than initially thought, new research finds.Previously “underexamined” factors — like workers cashing out 401(k) balances when they leave a job — “meaningfully reduce” the long-term impact of policies like automatic enrollment and automatic escalation, according to a new paper published by the National Bureau of Economic Research.Importantly, some of the paper’s co-authors — James Choi of Yale University, and David Laibson and John Beshears of Harvard University — are behavioral economists…
