Hedge funds piled into bets on financial stocks, Tesla shares and a prison operator in the third quarter, filings showed, ahead of a rally that followed Donald Trump’s victory in the US presidential election. Many of the bets have become known as so-called Trump trades, corners of the market that at times were swayed by the Republican candidate’s … Read more
Hyderabad: Hyderabad-based math edtech startup Bhanzu, founded by the world’s fastest human calculator Neelakantha Bhanu, raised investments of USD 16.5 million in its series B funding. The edtech firm focuses on improving the mathematical skills among learners. The company aims to reach 100 million mathematics students in the next five years, using the new investment, … Read more
Sukesh Chandrasekhar, who often dedicates his love letters to Bollywood actress Jacqueline Fernandez, has penned another note while serving imprisonment in Delhi. The conman has addressed this letter to US President Donald Trump, congratulating him on his recent victory and has promised his ‘Big Bro’ about his organization LS Holdings’ expansion plans and investing more … Read more
While some strategists say to “buy high, sell higher” on Nvidia stock, Terry Smith is staying away from Nvidia altogether. Smith has been called Britain’s Warren Buffett; he manages the £22.8 billion ($29.33 billion) Fundsmith Equity Fund. He has chosen not to invest in Nvidia, the world’s largest company with a market cap of over … Read more
Keith Gill, the stock influencer known as Roaring Kitty, has dissolved his entire stake in pet products retailer Chewy, a filing with the Securities and Exchange Commission showed Tuesday. Chewy’s shares fell nearly 2% in extended trading. Known for his cryptic posts, Gill uses platforms like YouTube and Reddit to disclose his trading positions. In July, … Read more
The US will ban outbound investments in China’s semiconductors, quantum technologies and artificial intelligence from January 2 if they are deemed to threaten American national security, a key move in the Biden administration’s efforts to address concerns about the mainland’s progress in advanced technologies. The US Treasury released final rules on Monday to prohibit engagement … Read more
New Delhi: The Indian housing market saw over 225,000 units being sold during the first nine months of the year, demonstrating strong performance in absolute terms, according to a new report. The sustained positive sentiment in the housing market has encouraged developers to launch new projects and additional phases, resulting in approximately 215,000 new units … Read more
Almost 20% of American households generate passive income from interests, dividends, or rents, with median earnings at $4,200 annually. Building passive income streams is an emerging trend as more people increasingly gain access to investment instruments that have long been limited to the wealthy. Rich Dad Poor Dad author Robert Kiyosaki believes everyone should focus … Read more
On the season 12 premiere of Entrepreneur Elevator Pitch, contestants hoping to transform their businesses and lives must convince a panel of elite investors that their dreams are worth making a reality. And they only have 60 seconds to do it. This season, the stakes are higher, and the deals are bigger — investors are … Read more
US Representative Dean Phillips, serving the 3rd congressional district of Minnesota, floated a new bill under the Social Security program that would offer approximately $25,000 to all US citizens when they graduate from high school or receive their GED certificates. Those with disabilities could be exempt from the high school diploma or GED requirement. Investment … Read more
