Tag Archives: Trade

I was in Washington D.C. this past week and you could almost feel the strife in the brisk January air, with the endless squabbling over President Biden’s stalled Build Back Better plan being Exhibit A. And yet I did find instances of bipartisanship, featuring some strange bedfellows the likes of which I hadn’t seen since Representative Alexandria Ocasio-Cortez and Senator Ted Cruz briefly aligned on Twitter last year during the meme stock brouhaha — before AOC kicked Ted to the curb, 67… Source link

OAKLAND, Calif. — Google infringed on five audio technology patents held by the speaker manufacturer Sonos and is not allowed to import products that violate Sonos’s intellectual property into the United States, a trade court ruled on Thursday. The final ruling by the United States International Trade Commission, a quasi-judicial body that decides trade cases and can block the import of goods that violate patents, closes a two-year investigation into the intellectual-property dispute.

The two worst teams in the Western Conference delivered one of the wildest finishes you will ever see. Down 110-107 with 4.5 seconds left, Oklahoma City Thunder star Shai Gilgeous-Alexander received the ball and hit an awkward, nearly halfcourt 3-pointer to tie the game. The Oklahoma City crowd exploded, celebrating the kind of moment few and far between for the 8-19 Thunder this year. The game was headed to overtime. All that was left for the Pelicans, who were out of timeouts, was to inbound… Source link

‘This one is next’ — here’s why WallStreetBets founder Jaime Rogozinski is tapping Trump’s SPAC as the clear new meme trade Keeping a close eye on Reddit’s WallStreetBets forum has been a good idea for investors. The 11 million-member Internet community led the charge during GameStop’s two-week 1,500% short-squeeze in January and is largely responsible for AMC Entertainment’s massive 1,800% year-to-date run-up. Those incredible gains have led to the downfall of several hedge funds that… Source link

The Shiba Inu breed is a muse in the crypto world. Getty Images Shiba inu has has seen astronomical gains over the last year, but Robinhood users have missed out. The meme coin is unlisted on the trading platform, but an online petition is aiming to change that status. Robinhood’s chief said the platform is waiting for more regulatory clarity on further coin listings. The price of the Shiba inu coin has sprinted up exponentially over the last 12 months but people who exclusively use Robinhood… Source link

On paper, the Biden administration is keeping in place the tariffs on imports and other protectionist measures Donald Trump imposed on China during his one-term presidency. But Biden is also hinting at deescalating Trump’s trade war and opening the door to better relations with the world’s second-largest economy—if China does its part. The Biden administration has announced a “new approach” toward China that has much in common with the old approach under Trump. Biden will keep in… Source link

Global EV Charging and Energy Management Provider Wallbox and Kensington Capital Acquisition Corp. II Complete Closing of Business Combination BARCELONA, Spain & WESTBURY, N.Y., October 04, 2021–(BUSINESS WIRE)–Wallbox, a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced it has completed its business combination with Kensington Capital Acquisition Corp. II (NYSE: KCAC), a special purpose acquisition company. The business… Source link

On Monday at 7:16 p.m. EDT, a weird email hit my inbox. Robinhood (HOOD), the online brokerage that has shaken up retail investing, told me it had approved an account in my name. A second email the next day urged me to link my bank account to Robinhood so I could trade my first stock. This was strange because I’ve never contemplated trading individual stocks. Sure, I work for a news site with a large audience of retail investors, but I’ve never been part of those ranks. While initially I… Source link

(Bloomberg) — A trader just established a massive hedging position via options to protect a portfolio of stocks in the event that the S&P 500’s losses snowball toward 20% during the fourth quarter. Most Read from Bloomberg The trader Thursday morning bought 45,300 put-spread collars — options cocktails that combine various strike prices in a single strategy — on the S&P 500 for $94 million. The order involved selling calls with a strike price at 4,505 while buying puts exercising at 4,135… Source link

There are some bullish trades to put on in the oil patch to ride the new gusher in prices for black gold and natural gas, says Goldman Sachs analyst Neil Mehta.  Mehta reiterated Buy ratings and aggressive upside price targets on oil majors ConocoPhillips (COP) and ExxonMobil (XOM) Monday. The analyst sees ConocoPhillips delivering a 20% return for investors over the next 12 months.  “The company should deliver 30%-40% of cash flow back to shareholders in the form of dividends/buybacks, has… Source link