The line between hedge funds and retail investors has begun to blur in recent years, and a new ETF is further bridging the divide. The Opportunistic Trader ETF, trading under the ticker “WZRD,” launched on Wednesday and quickly surpassed $15 million in assets. The fund is run by Larry Benedict, who was one of the
A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy officer, expects to have more information on the fund’s debut
Bitcoin and other cryptocurrencies were weaker Friday, struggling into the end of a bearish week for digital assets as Bitcoin plunged after notching an all-time high. While analysts and traders remained bullish on the outlook for crypto, there are still warning signs that a correction may not be over. The price of Bitcoin has fallen
Hetty Green isn’t a name you hear a lot these days—but it should be. The whaling heiress turned investing guru was making millions and dishing out sage advice on Wall Street decades before the man known as the greatest investor of our era, Warren Buffett, was even born. And when Benjamin Graham, Buffett’s hero and
Now Boeing investors, whether they like it or not, have to prepare themselves for Monday’s trading session with as much detail—and context—as possible. On Friday, a United Airlines flight was found to be missing an external panel when it landed in Oregon. The plane involved was a 25-year-old 737 NG, or Next Generation, model. Boeing’s
Bitcoin and other cryptocurrencies fell on Friday in what looked like a short-term correction after a red-hot rally in digital assets. Prices could fall further even as traders continue to be bullish on the outlook for cryptos in the months ahead. The price of Bitcoin dropped 6% over the past 24 hours to below $68,000,
Egypt, the Middle Eastern giant with a population of 114 million, is too big to fail, particularly at this moment. The United Arab Emirates, International Monetary Fund, and European Union forcefully underlined this point over the past week, pledging some $40 billion in investments and loans. President Abdel Fattah Al Sisi’s government responded with drama
Coinbase , one of the hottest stocks of the past year, still has room to run, according to some analysts. The trading platform’s shares continue to ride the wave of enthusiasm over financial advisors and institutions’ growing adoption of Bitcoin and other cryptocurrencies. Coinbase Global stock has been one of the top performers of the
Good morning. The booming US stock market is making some people nervous, but maybe the Magnificent Seven aren’t so expensive after all. Plus, there’s a big bet riding on market calm and unstoppable crypto markets may score a win in London. Here’s what people are talking about. — Sofia Horta e Costa Want to receive
Many advisors are turning away from mutual funds in favor of exchange-traded funds and separately managed accounts to build client portfolios. But not Jeff Leonard, founder and managing partner of Leonard & Martens, a 25-year-old Anchorage, Alaska, practice under the Raymond James umbrella with $1.2 billion in assets under management. Leonard has tried SMAs and