Cathie Wood Sounds Alarm On US Auto Loans As 90-Day Delinquency Rates Surpass 2009 Levels
ARK Invest CEO Cathie Wood popularly known for leading ARK Innovation ETF ARKK has raised alarm bells about the state of auto loans in America, noting that 90-day delinquency rates have now exceeded levels seen during the 2009 financial crisis.
What Happened: Wood’s comments came in response to recent data showing rising auto loan defaults,
Cathie Wood Just Delivered Fantastic News for Bitcoin Investors
Can Bitcoin hit $1.5 million in 5 years? Cathie Wood just shared an optimistic outlook on the future of cryptocurrency.
Bitcoin (BTC 0.54%) is on a roll right now. The largest cryptocurrency has gained 25% from the end of October to November 18.
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Read MoreThe option Greeks: The key factors that move option prices
Rho: Rho measures the change in the option price if the risk-free interest rate changes by 1 percentage point. A rising rate raises the price of call options and lowers the cost of put options. This …
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Read MoreWhat the Options Market Tells Us About Occidental Petroleum
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Occidental Petroleum’s options at specified strike …
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Read MoreStock market today: Asian shares mostly gain after Trump picks billionaire for Treasury post
BANGKOK (AP) — Shares climbed in Asia on Monday, tracking last week’s gains on Wall Street, and analysts said investors were viewing President-elect Donald Trump’s choice of billionaire investor Scott Bessent as his nominee for Treasury secretary as a relatively market-friendly choice.
Bitcoin fell slightly and oil prices also declined,
Read MoreThe Burst
Billionaires Are All In, Are You?
It’s come as a bit of a surprise to many astute observers to see billionaires go all in on oil. For instance, in Warren Buffett’s top 6 holdings, 2 are oil stocks, Chevron and Occidental Petroleum.
Buffett has taken massive stakes in both companies. In Chevron, he holds an $18.8 billion stake while in Occidental the amount is $14.1 billion.
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Read MoreThe Ivy
1 Billion Reasons to Buy This Under-the-Radar Stock
Urban air mobility was once the stuff of sci-fi movies but in 2009 Joby was built to bring the future to the present. It has built an EV takeoff and landing aircraft that has won votes of confidence from the likes of manufacturing giant Toyota.
The big idea behind the firm is to reduce traffic congestion by making sustainable air transportation affordable and safe.
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Read MoreThe Spotlight
Spotlight: Dine On Steak After This Brazilian Breakout
Rates are going up everywhere, at least that’s what the financial press would have you believe. On July 26, Federal Reserve Chairman Jerome Powell oversaw a rate hike that placed interest rates at 22 year highs, pegging them at 5.25-5.50%.
The market had largely priced in the rate hike and so the S&P 500 fell just 0.17% on the day.
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