The Daily

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Around 74% equity mutual funds have offered negative returns on the lumpsum investments in the last one year, an analysis by ETMutualFunds showed. There were nearly 276 funds in the said time period, of which 204 gave negative returns on lumpsum investments to investors.

Out of 204 funds that delivered negative returns on lumpsum investments,

 » Read more about: Mutual fund investors face losses in 74% of equity schemes on 1 year lumpsum investments  »

WASHINGTON (AP) — After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.

Stephen Miran, a top White House economist who was confirmed by the Senate with unusual speed late Monday,

 » Read more about: Fed convenes meeting with a governor newly appointed by Trump and another he wants to oust  »

The Cathie Wood-led ARK Invest has bought more than 160,000 shares in the crypto exchange Bullish in the asset manager’s latest scoop of crypto-related stocks.

In a filing on Tuesday, the company revealed it bought around $8.21 million worth of Bullish shares across two of its funds, the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW),

 » Read more about: ARK Invest’s Bullish holdings near $130M with latest $8.2M scoop  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.

 » Read more about: Tesla (TSLA) Stock: TD Cowen Reiterates Buy Rating, Price Target $374  »

Given the sheer magnitude of the purchase, it’s easy to see why investors are excited.

 » Read more about: CEO Elon Musk Just Bought Nearly $1 Billion in Tesla Stock. Should Investors Follow Suit?  »

President Donald Trump hailed the significant progress made in trade talks between the United States and China and strongly hinted that a deal had finally been struck on the popular Chinese-owned social video-sharing app TikTok.

China and the U.S. are continuing negotiations to resolve a range of trade and investment issues,

 » Read more about: Trump Issues Major Update on China Trade, TikTok Deal  »

 » Read more about: PM Modi, Donald Trump have a chat as talks for India-US trade deal resume  »

The number of Canadians visiting Philadelphia is down sharply this year, reversing years of growth for international city tourism coming out of the COVID-19 pandemic.

City officials expect international tourism to Philadelphia to be down nearly 10% in 2025, led largely by a projected 17.75% drop in Canadian visitors. Canadians make up about 40% of international tourism to Philadelphia,

 » Read more about: Canadians are staying away from Philly amid Trump trade war  »