Tag Archives: Bets

Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition which plans to take former President Donald Trump’s social media venture public slid 10% on Monday afternoon after short-seller Iceberg Research announced it was betting against the stock. “We are short $DWAC,” wrote Iceberg Research in a tweet.  DWAC shares had jumped more than 800% over the span of two sessions last week after Digital World Acquisition announced it was taking Trump Media and Technology Group… Source link

A visitor takes a photo in front of digital work “Untitled (Self-Portrait)” by Andy Warhol and digital artist Mike Winkelmann, known as Beeple, at the Digital Art Fair, in Hong Kong, China September 30, 2021. REUTERS/Tyrone Siu Since NBA Top Shots and artist Beeple’s digital collage that sold from Christie’s for $69 million this year, the NFT investing craze has only gotten hotter. Artists from Snoop Dog to singer-songwriter Grimes and rock band Kings of Leon made huge profits minting these… Source link

Google’s giant data centres are temples of the information age. Built for consumer services that reach billions of people, they also serve as a platform for the search company’s push into cloud computing — a market that could one day be even larger than its advertising business. This week, however, Google tried a different tack. In its latest bid to catch up with Amazon and Microsoft in cloud computing, it took a step beyond its own data centres. In the process, it shone a… Source link

Your ‘safe’ investing bets could turn out to be a gamble in retirement The older investors get, the more conservative they tend to be with their money. That’s not the bravado of youth fading away — that’s sound strategy. After all, it’s one thing to play fast and loose when you’re young, but investors nearing retirement don’t have a lot of time to make up for bets gone bad. Unfortunately, many Americans today don’t have the luxury of doing what worked for their parents and grandparents. In… Source link

(Bloomberg) — Michael Burry, the investor made famous by “The Big Short” movie, has taken aim at one of Wall Street’s hottest stars. Burry’s Scion Asset Management owned bearish put contracts against 235,500 shares of the ARK Innovation ETF (ticker ARKK) at the end of the second quarter, according to a regulatory filing Monday. The new position was valued at almost $31 million, the filing says. The flagship exchange-traded fund of Cathie Wood and her firm Ark Investment Management… Source link

(Bloomberg) — Stocks were steady with U.S. futures on Monday, while commodities slumped as investors weighed concerns about a pullback in stimulus and a resurgence in the fast-spreading delta virus variant. The Stoxx 600 Index opened little changed as gains in technology firms offset declines in energy shares and miners. Crude oil extended last week’s decline — its worst since October — on concern the delta virus strain will hamper demand growth. Precious metals sold off, with gold… Source link

(Bloomberg) — Zoom Video Communications Inc., whose online conferencing services took off during the Covid-19 pandemic, agreed to acquire Five9 Inc. for $14.7 billion, using its surging stock to expand into an adjacent market that could bolster revenue as lockdowns end. The value of the all-stock offer is $200.18 a share based on the closing price for Zoom’s common stock on Friday, compared with Five9’s $177.60 price on Friday, the companies said a statement Sunday. The target firm will… Source link

You won’t find many athletes in the elite levels of American sports with a more financially fraught situation than UFC fighters. Especially when they end up fighting for free. UFC featherweight Justin Jaynes raised eyebrows this week when he announced plans to literally bet on himself at Saturday’s UFC Vegas 30. Specifically, Jaynes said he and his corner were betting their entire fight purse on him for his bout against Charles Rosa. Jaynes estimated his total bet to be worth nearly $25,000,… Source link

The stock markets are responding to conflicting signals lately, and the result is concurrent trends of volatility and gains that have been causing some confusion. Inflation has ticked up in recent months, as pent-up demand now let loose by the economic reopening is crossing limited supply and still-disrupted distribution chains. But there’s a strong feeling that the inflation is transitory, and that as people get back to work the inflationary trends will be pushed back by improved… Source link

The meme stock craze has found its latest target: video game hardware maker Corsair (CRSR). The company’s stock was up 31% when the market opened on Monday to $40.70, its highest price since late February, as mentions of the company on Wall Street Bets’ (WSB) Reddit pages have exploded. As of Monday morning, the stock was mentioned at least 1,180 times on WSB, according to Quiver Quantitative. Wallstreetbets Trackers, meanwhile, showed activity around Corsair up 17%. Corsair follows a… Source link