Asset managers from New York to Seoul rush to launch products as Asia’s retail investors drive soaring demand for US tech stocks. Asia’s hunger for US tech stocks is rising, with retail investors from Taiwan and South Korea flooding into new ETFs. Leading the way is JPMorgan Asset Management. Earlier this month, JPMorgan introduced a
Warren Buffett has dumped Berkshire Hathaway’s stake in one Tesla (TSLA) rival, securing massive profits after holding the shares for more than a decade. New SEC filings show Buffett has sold off all its holdings in the Chinese electric vehicle (EV) maker BYD, after taking a stake in the firm about 17 years ago. Berkshire
Leading economic policymakers who have marked the last 35 years of the US have called on the Supreme Court to protect the independence of the Fed. Eighteen signatories, including all living former Fed presidents, supported Fed member Tim Cook to continue his duties. The amicus brief warned that removing Cook before the completion of his
Key Takeaways Morgan Stanley is launching a strategy to allow clients to allocate part of their portfolios to digital assets. The strategy is tailored to individual risk profiles, with typical allocations suggested at zero to a few percentage points. Morgan Stanley, a global investment bank overseeing approximately $4.8 trillion in assets, plans to launch a
According to a recent report by Fortune, cryptocurrency exchange Kraken has closed a massive $500 million funding round at a staggering $15 billion valuation. To put this massive raise into perspective, it is worth noting that the exchange raised only $27 million in venture capital funding during its first decade. IPO plans Kraken has been
Within 12 months, Ukrainians spent hundreds of millions of U.S. dollars to acquire cryptocurrency, according to a recent report. The authors of the document, published by a major international development bank, have registered a spike in crypto activity in the war-torn nation. Ukraine branded ‘heavy crypto user’ Cryptocurrency has gained popularity in Ukraine since Russia
IREN stock price is in a strong bull run this year as investors cheer its strong earnings and the ongoing diversification into the artificial intelligence industry. Summary IREN stock price has jumped as the company targets $500 million ARR in AI revenue in Q1. It also jumped after the recent $17 billion deal between Microsoft
The launch of a Bitcoin staking Exchange-Traded Product (ETP) powered by Core on the London Stock Exchange in September 2025 has prompted discussions in financial circles about the potential for a similar staking Exchange-Traded Fund (ETF) to emerge next. This ETP, developed in partnership with Valour, a subsidiary of DeFi Technologies, allows investors to track