US tech funds are swinging wildly this week 💥
They saw $15 billion in outflows—the biggest in 2.5 years—after last week’s record $19 billion inflows.
That previous record outflow was half this size.
Meanwhile, US equity funds had $8.5 billion leave this week (bigges
JPMorgan just shook up its leadership, and someone unexpected is now the favorite to take over for Jamie Dimon.
The board named two co-presidents Thursday, setting up a race between Troy Rohrbaugh and Doug Petno.
Here’s the surprise: Rohrbaugh, a former forex trader from
U.S. stocks slid Friday (SPX -0.5%, NDX -1.2%) as chip stocks sold off and OpenAI delays worried investors, with Korean chipmakers taking big hits too. Brent crude dropped another 3.4% to $72.71 after the Strait of Hormuz reopened following U.S.-Iran peace talks, flooding supply