By Bansari Mayur Kamdar (Reuters) – Investors piled into a leveraged exchange traded fund that bet on upside in Tesla’s shares as the company’s stock price sank following a weaker-than-expected earnings report. The Direxion Daily TSLA Bull 1.5X Shares ETF, the largest single-stock ETF for bullish bets on Tesla’s shares, saw net daily inflows of…
By Siyi Liu and Dominique Patton BEIJING (Reuters) -China said on Friday it will require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance. China is the world’s top graphite producer and exporter. It…
(Reuters) – U.S. equity funds registered huge withdrawals in the week ending Oct. 18, hit by a surge in bond yields and escalating geopolitical tensions in the Middle East. Investors sold $4.57 billion of U.S. equity funds on a net basis during the week, logging outflows for the fifth consecutive week, according to LSEG data….
By David Morgan, Moira Warburton, Katharine Jackson and Makini Brice WASHINGTON (Reuters) -Hardline conservative Jim Jordan pressed ahead with his floundering bid for speaker of the U.S. House of Representatives on Thursday, after his fellow Republicans abandoned a backup plan to allow the leaderless chamber to resume business. The House will hold a third speaker…
By Jody Godoy (Reuters) -The U.S. Securities and Exchange Commission dropped claims against two Ripple Labs executives in its lawsuit alleging the blockchain company violated U.S. securities law, according to a court filing in New York on Thursday. The agency said in court papers it is dropping claims that Ripple Chief Executive Brad Garlinghouse and…
By Yuvraj Malik (Reuters) -Dow Jones Chief Financial Officer Liz O’Melia has resigned from the company after about 16 months at the role, a person familiar with the development told Reuters on Thursday. News Corp unit Dow Jones, which owns the Wall Street Journal, has begun the search for a new CFO after O’Melia resigned…
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s government intervened in the foreign exchange market on Thursday to tamp down volatility ahead of the country’s general elections on Sunday, while officials said there would be no sharp currency devaluation after the vote. In the black market, where dollars sell for almost three times the official…
By Helen Coster NEW YORK (Reuters) -You may never have to read another news story in your life, if you have artificial intelligence that can digest all the web’s information and serve up a summary on demand. That’s the stuff of nightmares for media barons as Google and others experiment with what’s called generative AI,…
By Laura Sanicola (Reuters) -Oil prices settled higher on Thursday as traders remained nervous that Israel’s military campaign in Gaza could escalate to a regional conflict. Brent futures for December settled up 1%, or 88 cents, at $92.38 a barrel while U.S. West Texas Intermediate (WTI) futures for November, which expire on Friday, settled up…
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. economy’s strength and continued tight labor markets could warrant further Federal Reserve interest rate increases, Fed Chair Jerome Powell said on Thursday in remarks that appeared to push back against market expectations that the U.S. central bank’s rate hikes had reached an end. Powell said U.S….
