Markets

Billionaire investor Chamath Palihapitiya follows Reddit investors into GameStop with purchase of bullish options that start paying out if the stock soars another 28%

Billionaire investor Chamath Palihapitiya joined Reddit investors and piled into GameStop with a purchase of bullish call options on Tuesday. Palihapitiya tweeted on Tuesday that he purchased $US115 call options that expire on February 19. “Let’s gooooooo!!!!!!!!” Palihapitiya tweeted. Sign up here for our daily newsletter, 10 Things Before the […]
Billionaire investor Chamath Palihapitiya follows Reddit investors into GameStop with purchase of bullish options that start paying out if the stock soars another 28%
Markets

Nancy Pelosi has plowed up to $1 million into bullish bets on Tesla stock

House Speaker Nancy Pelosi has up to $US1 million riding on Tesla’s future success. The politician bought 25 call options on shares in Elon Musk’s electric-vehicle company. Pelosi also made bullish wagers on Apple and Disney, and purchased AllianceBernstein stock. Visit Business Insider’s homepage for more stories. House Speaker Nancy […]
Nancy Pelosi has plowed up to $1 million into bullish bets on Tesla stock
Markets

Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fuelling concern with the company’s second-biggest shareholder

SoftBank’s new trading arm, SB Northstar, posted $US3.7 billion in losses as bearish derivatives bets on tech stocks floundered, the Financial Times reported Wednesday. The arm was mostly kept secret until the FT revealed it was making multibillion-dollar bets on tech giants through the summer’s market rally. SoftBank CEO Masayoshi […]
Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fuelling concern with the company’s second-biggest shareholder
Markets

Global strategy chief says the biggest concern for markets is the election, and breaks down the best ways to protect investments heading into November

Mark Grant of wealth management firm B. Riley FBR told CNBC “the biggest concern for the markets, frankly, is the election.” The chief global strategist said there’s risk because of the distinct differences between the Democratic and Republican tax proposal plans. Grant suggests investors have more cash, buy ETFs that […]
Global strategy chief says the biggest concern for markets is the election, and breaks down the best ways to protect investments heading into November
Markets

A Reddit trader claims to have found a new ‘infinite money’ glitch on Robinhood — one that piggybacks on November’s exploits

A member of the WallStreetBets sub-Reddit claims to have found a new “infinite money” glitch” on Robinhood just weeks after the trading app patched a similar bug. It involves an iron condor options-trading strategy and a higher-than-usual limit price. Reddit poster Aidangamer28 highlighted his use of the glitch with Take-Two […]
A Reddit trader claims to have found a new ‘infinite money’ glitch on Robinhood — one that piggybacks on November’s exploits
Markets

The jig is up: Robinhood says it’s closed the ‘infinite leverage’ loophole that allowed users to build positions worth millions

Robinhood’s “infinite leverage” loophole has been closed and accounts exploiting the bug have been suspended, a company spokesperson said Thursday. The trading platform has implemented a “permanent update” meant to “prevent anyone from engaging in this pattern of trades,” spokesperson Lavinia Chirico said in an emailed statement. The glitch allowed […]
The jig is up: Robinhood says it’s closed the ‘infinite leverage’ loophole that allowed users to build positions worth millions