Fri, Jul 5, 2024 2:30 PM
IHCL: This Tata Group stock delivered 700% gain in 4 years
A Flip by Riya Sharma
Hedge funds increased their short bets on Tesla to 18% in June, the highest in over a year, according to Hazeltree data. However, Tesla's strong Q2 delivery results and lower production costs have driven the company's shares up 40% since June, threatening losses for the hedge funds. The electric vehicle industry faces uncertainty, with conflicting dynamics.
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Gold has surged 16% since the start of 2024, reaching a record high of $2,450 per ounce, driven by geopolitical tensions, lower U.S. interest rates, and strong demand from China and India. Central banks, particularly in Asia, are diversifying their foreign exchange reserves by buying gold, reducing their dependence on the U.S. dollar
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Crypto theft has reached $1.38 billion in the first half of 2024, more than double the amount stolen in 2023, according to TRM. If the trend continues, this year's figure may surpass the $1.7 billion stolen in 2023. Hackers are targeting private keys, seed phrases, smart contracts, and flash loans to steal funds. The high value of bitcoin, which reached $73,000 in spring.
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