The world of exchange-traded funds (ETFs) may have an untapped market waiting to be explored. Matt Kaufman, head of ETFs at Calamos Investments, believes that there is vast potential in the trillions of dollars currently sitting in CD and money market accounts. Kaufman suggests that this market is even larger than the ETF space itself,
Finance
The case of former Societe Generale trader, Kavish Kataria, sheds light on the issue of accountability within financial institutions. Kataria accused the French bank of unfairly dismissing him for unauthorized risky bets, labeling him as a “scapegoat” while failing to take responsibility for their own oversight. His claims of reporting profits and losses on a
On a fateful Wednesday, Bitcoin faced a significant drop to its lowest level in over two months, sparking concerns among investors. The world’s leading digital currency plummeted to $56,757.93, dipping below the $57,000 mark for the first time since February 28. This sudden decline, as reported by CoinGecko, saw Bitcoin’s value shrink by 6.3% to
Local Chinese authorities have made the decision to lift restrictions on Tesla cars after the company’s China-made vehicles met the country’s stringent data security requirements, according to an announcement made by the automaker on Sunday. This significant development came following a surprise meeting between Tesla CEO Elon Musk and Chinese Premier Li Qiang in Beijing,
In a recent interview on CNBC’s “ETF Edge,” ARK Invest’s chief futurist Brett Winton highlighted five key areas that tech investors should focus on to gain an edge in the market. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton emphasized that these technologies are all entering the marketplace simultaneously,
Chinese electric car manufacturers Nio and Xpeng have announced their intentions to target a lower-priced segment of the market by releasing newly branded cars this year. Nio, known for its premium market offerings, is set to launch an affordable SUV that will be cheaper than Tesla’s Model Y. On the other hand, Xpeng, which has
Synthesia, an artificial intelligence firm backed by Nvidia, has introduced a groundbreaking technology that has the potential to transform the way we perceive video production. With the launch of its “Expressive Avatars,” Synthesia has successfully blurred the lines between the virtual world and real characters. This innovation aims to revolutionize the industry by eliminating the
The former CEO of cryptocurrency exchange Binance, Zhao, is facing an uphill battle as U.S. prosecutors are pushing for a 36-month prison sentence, which is double the high end of the advisory guidelines range for his crimes. The prosecutors argue that this harsh sentence is necessary to reflect the gravity of his offenses, promote respect
The Philippines Securities and Exchange Commission (SEC) has taken decisive action against cryptocurrency exchange Binance by ordering Google and Apple to remove the Binance app from their respective app stores. In a press release issued by the SEC, it was stated that Binance was offering unregistered securities to Filipinos and operating as an unregistered broker,
The federal government has allocated $8.8 billion for Home Energy Rebates programs through states, territories, and tribes, signaling potential relief for many consumers in the near future. These rebates aim to incentivize homeowners and landlords to make certain energy efficiency upgrades to their properties. The program is designed to partially or fully offset the costs