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Betting On Panic: Cboe Global Markets Gears Up To Offer Options Tied To Futures For Wall Street's 'Fear Gauge'
Thursday, August 8, 2024 - 12:51pm | 517As options demand booms, market engineers are gearing up to offer a perplexing new way to bet on volatility. What To Know: According to a Bloomberg report, Cboe Global Markets is preparing to offer options tied to futures for the Cboe Volatility Index, which is already built using options. The ...
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Yen 'Carry Trade' Is Only Halfway Unraveled, Wall Street Analyst Says: How Much More Room For Traders To Get Pummeled?
Tuesday, August 6, 2024 - 2:22pm | 438Global markets faced a beating on Monday before recovering on Tuesday. Experts linked the market’s price action to the unwinding of the yen “carry trade,” which Arindam Sandilya, co-head of global FX strategy at JPMorgan, says is only half done. What Is The Yen ‘Carry Trade...
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Alphabet Loses Antitrust Suit Over Google Search Dominance: Report
Monday, August 5, 2024 - 3:32pm | 329A federal judge has ruled against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) in an antitrust lawsuit related to the company’s Search dominance. What Happened: According to a Bloomberg report, Judge Amit Mehta ruled on Monday that Alphabet’s payments to make its search engine the...
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AMC Entertainment Announces Restructuring Of Debt Load, Adam Aron Says Box Office Challenges Are In 'Rearview Mirror' (UPDATED)
Monday, July 22, 2024 - 3:54pm | 673Editor’s note: This story has been updated to reflect that AMC Entertainment shares resumed trading Monday afternoon. AMC Entertainment Holdings Inc (NYSE:AMC) shares were halted Monday afternoon following a report indicating the company plans to restructure its debt load. AMC formally...
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Billionaire Bloomberg's $1 Billion Gift Makes Medical School Free At Johns Hopkins — Should Other Billionaires Follow Suit?
Wednesday, July 10, 2024 - 9:27am | 871A $1 billion gift from Michael Bloomberg to Johns Hopkins University removes financial barriers for medical students and expands support for future nurses, public health professionals and other graduate students. Starting this fall, tuition will disappear for those from families making less than $...
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Crypto Regulation Sparks Legal Spats: Ripple, SEC And Pending S-1 Approvals In Focus
Monday, July 8, 2024 - 10:01am | 614As the cryptocurrency market matures, regulatory actions and legal frameworks remain pivotal. The U.S. Securities and Exchange Commission (SEC), under Chair Gary Gensler, has been proactively shaping the landscape, greatly influencing market dynamics. These developments will be central to...
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Analyst Predicts Ethereum ETF Launch In Early July
Monday, July 1, 2024 - 10:11am | 841According to Bloomberg ETF analyst Eric Balchunas, the highly anticipated spot Ethereum (CRYPTO: ETH) ETF might launch as early as July 2. This prediction follows reported comments from the Securities and Exchange Commission (SEC) staff on the issuers’ S-1 filings. The SEC requested revisions...
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Summer Target Date for Ether ETF Launch Marks Milestone In Crypto Integration
Thursday, June 20, 2024 - 8:48am | 460Bloomberg analyst Eric Balchunas expects a potential launch date of July 2 for the spot Ether exchange-traded fund (ETF). The forecast follows updates from the Securities and Exchange Commission (SEC). This prediction comes after the SEC staff provided feedback to issuers, asking for adjustments...
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Steve Cohen's Point72 Is Preparing To Launch New Hedge Fund Focused On AI Stocks
Tuesday, June 18, 2024 - 4:06pm | 376Steve Cohen's Point72 Asset Management is set to launch a new hedge fund with a focus on artificial intelligence, aiming to raise approximately $1 billion. The fund will concentrate on both investing in and betting against AI hardware and semiconductor companies globally, such as Nvidia, Broadcom...
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SeatGeek Adds Citigroup, Wells Fargo To IPO That Could Come As Soon As This Year
Wednesday, June 5, 2024 - 2:19pm | 306Ticket-seller SeatGeek, Inc. has added banks Citigroup Inc. (NYSE:C) and Wells Fargo & Co. (NYSE:WFC) to the lineup for its planned initial public offering (IPO) led by Morgan Stanley. The Details: According to a Bloomberg report, SeatGeek is targeting a valuation in an IPO that is...
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Palantir's 'Rock Concert' AI Sales Strategy Is Rapidly Boosting Commercial Sales: 'We Can't Do Enough Of Them'
Thursday, April 25, 2024 - 1:15pm | 576Palantir Technologies Inc (NYSE:PLTR) doesn’t go about selling its software products in conventional ways. After refusing to hire a sales team for years, the company is now using rock concert-like boot camps to bring new customers on board. Selling AI Software: Palantir has been one of the...
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Reddit Signals IPO Could Price At Top Of Range Or Above
Wednesday, March 20, 2024 - 1:54pm | 421Pricing for the Reddit, Inc. (NYSE:RDDT) IPO is expected to start after the market close on Wednesday ahead of the company’s debut on the New York Stock Exchange on Thursday. What To Know: According to a report from Bloomberg, Reddit and its selling shareholders are guiding that the IPO...
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Elon Musk's Tesla Paid No Federal Income Taxes Over 5 Years, While Paying Top Execs $2.5 Billion
Saturday, March 16, 2024 - 4:31pm | 472Some of America's biggest companies, including Tesla (NASDAQ: TSLA), T-Mobile (NASDAQ: TMUS), and Netflix (NASDAQ: NFLX), were front and center in a new report that reveals how much companies paid in federal income taxes — compared to how much they made in profit, and what they paid their...
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Ethereum ETF Approval Odds Slashed To 35% By Bloomberg Analyst Eric Balchunas Amid Looming May Deadline
Tuesday, March 12, 2024 - 1:09am | 658Bloomberg ETF analyst Eric Balchunas lowered the probability of an Ethereum (CRYPTO: ETH) ETF getting the green light by the upcoming May deadline. What Happened: Balchunas said, “Yeah our odds of ETH ETF approval by May deadline are down to 35%. I get all the reasons they SHOULD approve it (...
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Mnuchin Sees Opportunity To Turn New York Community Bancorp Into 'Very Attractive' Regional Bank, Highlights Valuation Upside
Thursday, March 7, 2024 - 1:36pm | 680Former Treasury Secretary Steven Mnuchin and a group of outside investors have invested more than $1 billion in New York Community Bancorp Inc (NYSE:NYCB). Mnuchin explained the investment in the troubled regional bank Thursday in an interview on CNBC’s “Squawk On The Street.”...