On Wednesday, a dramatic turn of events sent ripples through the financial markets, highlighted by a staggering spike in the CBOE Volatility Index, widely recognized as the VIX. Known as Wall Street’s fear gauge, the VIX soared by 74%, closing at 27.62, up from a relatively tranquil 15 earlier in the day. This unprecedented shift
Finance
In the ever-evolving landscape of fintech, few stories capture the essence of resilience and turnaround quite like that of Dave, a digital banking platform aimed at helping financially strained Americans. Led by CEO Jason Wilk, the company faced a significant crisis in mid-2023, which serves as a contemporary parable of how quickly fortunes can change
The recent lawsuit filed by the Consumer Financial Protection Bureau (CFPB) against Early Warning Services and leading U.S. banks brings to the forefront the ongoing issues surrounding peer-to-peer payment systems, particularly the Zelle network. Since its inception in 2017, Zelle has offered a convenient and fast way to transfer money between individuals and businesses, but
In a striking yet anticipated move, TuSimple, a troubled name in the autonomous trucking industry, has undergone a significant transformation, rebranding itself as CreateAI. This shift signifies the company’s pivot towards the realms of video games and animation, a decision that comes on the heels of compelling challenges in the self-driving sector. With the recent
On Wednesday, UniCredit, Italy’s second-largest bank, announced a significant increase in its stake in Commerzbank, elevating its potential ownership from 21% to an ambitious 28%. This upward adjustment is achieved through a combination of direct holdings and derivative instruments, indicating a strategic maneuver that may set the stage for deeper engagement in the German banking
The Dow Jones Industrial Average (DJIA) has experienced a significant downturn, marking its longest losing streak since February 1978. This trend prompts important questions about the underlying factors driving these losses and the implications for investors. What are the stocks responsible for this decline, and how should investors interpret these movements within the larger economic
The financial advisory landscape is witnessing a pivotal shift. According to a recent report by Cerulli Associates, for the first time, financial advisors are expected to allocate a larger portion of their clients’ assets to exchange-traded funds (ETFs) than to mutual funds. By 2026, it is projected that 25.4% of client assets will be invested
In a notable move for both investors and market enthusiasts, MicroStrategy has been announced as a new member of the Nasdaq-100 index. This decision, effective December 23, represents not only a significant milestone for the company but also reflects broader market dynamics concerning the cryptocurrency landscape. With the stocks in the Nasdaq-100 generally evaluated based
Invesco has recently introduced a new exchange-traded fund (ETF) known as the Invesco Top QQQ ETF (QBIG), aiming to cater specifically to investors interested in the top 45% of companies within the prestigious Nasdaq-100 Index. Brian Hartigan, who oversees the firm’s global ETF and index instruments, is steering this latest initiative while simultaneously managing the
On a significant Thursday morning, President-elect Donald Trump marked a ceremonial moment by ringing the opening bell at the New York Stock Exchange, a gesture typically signifying optimism and economic progress. Despite this pomp, Trump refrained from directly advising investors to increase their stock holdings, a move that carries both strategic caution and a veiled