A sudden stock market selloff led to massive losses for those betting on market stability. The CBOE VIX index spiked sharply, erasing billions from short-volatility ETFs. Both retail and institutional investors suffered, highlighting the dangers of betting against market volatility.
Tata Steel shares fall 3% after fire breaks out at UK’s Port Talbot plant
Tata Steel shares dropped nearly 3% after a fire at its Port Talbot plant in the UK forced a temporary halt to operations. While emergency