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US equity funding markets remain strained as high demand for leverage, driven by tech and AI stock enthusiasm, keeps repo rates elevated. Despite some easing, risks persist due to limited dealer balance sheet capacity and concentrated positions, raising concerns that any market correction could be sharper and more disruptive.
Costco shares fell over 4% despite strong June sales as investors focused on valuation concerns and uneven regional growth. While US demand remained robust, weaker Canada performance and headwinds from currency and fuel price deflation weighed on sentiment, reflecting tighter scrutiny of premium consumer stocks.
Zerodha founder Nithin Kamath reaffirmed the company’s commitment to offering direct mutual funds free of charge. He said Coin has helped investors save commissions, while many rival platforms have exited or reconsidered the low-cost direct mutual fund business model.
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Wall Street rose as chip stocks rallied, offsetting concerns over escalating US-Iran tensions. Gains in semiconductor firms, led by Micron and Applied Materials, lifted indexes, while Meta slipped on AI chip updates. Stable jobless claims supported sentiment, though volatility in AI-linked stocks and rate hike expectations kept markets cautious.
American Bitcoin, though, stuck with its crypto strategy and has seen its shares slump more than 95% from their peak. That’s erased more than $600 million from the market value of Eric Trump’s stake over the past 10 months, according to Bloomberg calculations, and forced the company this week into a 1-for-15 reverse stock split…
SBI Funds Management is confident its Rs 11,600-crore IPO will succeed despite market volatilities. The asset manager aims to double its international book to USD 5 billion within three years. This revenue augmentation plan includes expanding global presence and staff. The company is also focusing on its alternatives business and potential acquisitions. Parent SBI contributes…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Wall Street opened mixed as gains in chip stocks supported the S&P 500 and Nasdaq, even as renewed US-Iran tensions kept sentiment cautious. The Dow slipped at the open, reflecting geopolitical uncertainty, while tech-led strength helped broader indices stay resilient amid concerns over prolonged conflict and potential market volatility.
Hedge funds have recently faced substantial setbacks, primarily due to widespread trades within unstable markets. Systematic managers lost about 25% of their returns for the year, significantly affecting their overall performance. This downturn arose from substantial bets on U.S. and Asian equities, both of which faced dramatic price fluctuations. Additionally, fundamental managers also reported losses…