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Business

“GameStop millionaire makes huge bet on battered airline”

“…Vladimir Galkin was paying close attention to all that digital disruption during the meme stock madness. A Florida-based investor, Galkin partly built his fortune through GameStop shares during that time… Now Galkin, who cofounded and owns a majority stake in… Continue Reading…

Banking, Economy

“Treasuries Surge as Traders Bet on Emergency Fed Rate Cut”

“Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head… Continue Reading…

Economy, Energy

“Oil Billionaires Bet on Trump’s Energy Agenda”

“As Donald Trump accepted the GOP presidential nomination last Thursday, he reminded the megawealthy coterie of oil tycoons backing him why he is their man. “We have more liquid gold under our feet than any other country by far, we are a… Continue Reading…

Stocks

“Vanguard Has Upped Its Bet on AMC Stock by 23% Since the End of Q1”

“Shares of AMC Entertainment (NYSE:AMC) stock are in the spotlight following a Schedule 13G update from Vanguard. As of the end of the first quarter, Vanguard owned 24.80 million shares of AMC stock. The investment services company revealed in a filing that it now owns 30.51 million… Continue Reading…

Cryptocurrencies

“Robinhood bets big on crypto with $200 million deal for Bitstamp” [Thu, Jun 6, 2024]

“Trading platform Robinhood Markets said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital assets with its biggest-ever deal. Robinhood, whose shares were up 3.4% before… Continue Reading…

Business

“Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales”

“Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home improvement retailer expects… Continue Reading…

Business

“Gilead to buy CymaBay for $4.3 billion in bets on liver disease treatment”

“Gilead Sciences has agreed to buy CymaBay Therapeutics for $4.3 billion, gaining access to an experimental liver disease treatment with blockbuster potential as the U.S. drugmaker looks beyond its older HIV drugs for growth. Shares of the Newark, California-based drug developer jumped 24.6%… Continue Reading…

Business

“Trader Makes Massive Bet Treasuries Will Get Slammed After Jobs Report”

“…The trade targets a surge in US 10-year yields to as high as 4.15% by Friday’s close of business, or a jump of about 0.15 percentage points from Thursday’s closing level. That would mark the biggest one-day rise in 10-year… Continue Reading…

Business

“MicroStrategy’s bitcoin bet produces over 300% gain for investors in 2023”

“…in 2023, the stock has soared 337%, making it one of the biggest gainers in the U.S. among companies valued at $5 billion or more, topping Nvidia’s 234% rally and Meta’s 194% surge. Unlike its tech peers, which rely on revenue growth and market… Continue Reading…