Dramatic jump in AI ETFs despite rough quarter

Wall Street is banking heavily on exchange-traded funds that give investors artificial intelligence exposure, according to J.P. Morgan Asset Management. The firm’s “Guide to ETFs,” which came out this month, finds it’s a top five theme by assets under management — even as volatility hit the group in the second quarter. “Many [themes] are morphing…

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DHS warned its independent watchdog that Noem can kill its investigations, senator says

The Department of Homeland Security’s general counsel warned the agency’s independent watchdog that DHS Secretary Kristi Noem asserts that she has the power to unilaterally kill their investigations, according to a new letter sent by Illinois Democratic Sen. Tammy Duckworth to Noem. The DHS inspector general’s office states that its mission is to “provide objective,…

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