Option Trades in China ETFs Swing From Gain to $100 Million Loss
Traders who briefly had been sitting on more than $100 million in paper profits after buying call options in early December on a pair of tiny China-linked ETFs appear to have closed the positions Friday at almost as big of a loss.
From Nov. 29 through the first week of December,
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Read MoreHow Unauthorized Immigrants Help Finance Social Security Benefits
The Social Security Administration receives billions in free money each year from an unexpected source: undocumented immigrants.
This group paid an estimated $25.7 billion in Social Security taxes in 2022, according to a recent analysis from the Institute on Taxation and Economic Policy, a left-leaning tax research group.
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Read MoreTesla Stock vs. Amazon Stock: Billionaires Are Buying One and Selling the Other
Tesla (NASDAQ: TSLA) and Amazon (NASDAQ: AMZN) have been very rewarding long-term investments, but the hedge fund billionaires listed below bought Tesla and sold Amazon in the third quarter:
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Louis Bacon of Moore Capital Management bought 25,000 shares of Tesla,
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Read MoreIs 2025 The Year Uber Bounces Back?
Shares of Uber Technologies (NYSE:UBER) have had a rough few months, dropping 15.7% over the last 90 days even as the overall market finished 2024 on a high note. With shares still sold off, investors may find themselves wondering where Uber goes from here. Let’s take a look at what’s driving UBER down,
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Read MoreFederal Reserve rate cuts could create more harm than good
The bullet points we mentioned do all contribute to inflation. But there is another less popular explanation for this latest move higher: Maybe the Federal Reserve is getting its monetary policy wrong and should not be cutting interest rates.
Should that really be so hard to believe?
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Read MoreThe Burst
Cheapest Stock in Buffett’s Portfolio: 51% Upside?
If you’re following Warren Buffett’s investment strategies, you may have come across Ally Financial, one of Berkshire Hathaway’s more recent holdings. Despite a challenging 2022, this financial services company boasts several attractive features. In fact, by our calculations, it’s currently the cheapest stock in Buffett’s Berkshire Hathaway portfolio.
Ally Financial is an industry leader in online banking and auto lending,
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Read MoreThe Ivy
Market Commentary: Down 24%, Time To Buy the Dip On Fast Growth Stock?
Sea Limited (NYSE:SE), based in Singapore, operates as an Internet platform company that primarily serves the Southeast Asian, Taiwanese, and Latin American markets with three main business units: Garena (digital entertainment), Shopee (e-commerce), and SeaMoney (financial services). Although these…
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