Discover the basics of derivatives for hedging, speculation, and leverage in investing. Learn how options, swaps, and futures work to manage risk and maximize returns.

The stock market is at highs. Nvidia held a breakout Friday while Palantir and Tesla were notable losers. An OpenAI conference and TSMC sales loom.

Investors are piling into futures tied to the Federal Reserve’s benchmark overnight rate at a record clip amid the risk of strains in short-term funding markets at quarter-end. Volumes in fed funds ...