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Mystery Trader Makes $10 Million In Hours Betting S&P Will Drop 4.5% In One Month

Mystery Trader Makes $10 Million In Hours Betting S&P Will Drop 4.5% In One Month The recent market melt-up is coming to a quick end. At least that's the opinion of one investor who spent millio.....»»

Category: blogSource: zerohedgeDec 2nd, 2019

Mystery S&P Put Buyer Makes $31 Million Profit In 24 Hours, Covers Half Of Position

Mystery S&P Put Buyer Makes $31 Million Profit In 24 Hours, Covers Half Of Position Yesterday we reported that a mystery trader, who was expecting a sharp drop in the market over the next 6 weeks, .....»»

Category: blogSource: zerohedgeDec 3rd, 2019

In One Chart: Trader pockets windfall after betting $49 million against the S&P 500 right before Monday’s steep drop

It may have started out like a year-end hedge, as Trade Alert’s Henry Schwartz described it, but a day later and it’s already delivered a tidy profit......»»

Category: topSource: marketwatchDec 4th, 2019

BofA Cuts Macau Estimates After 97% Year-Over-Year Drop In Gross Gaming Revenue

Macau reopened casinos to guests, but gross gaming revenue was still down 97% year-over-year in June — and down 59.4% month-over-month — to MOP716 million ($89.67 million), according to BofA Securities.  read more.....»»

Category: blogSource: benzingaJul 1st, 2020

AUO sales drop 12% on year in May

AU Optronics has reported consolidated revenue of NT$21.73 billion (US$733.88 million) for May 2020, up by 7.8% on month but down by 12.2% on year......»»

Category: topSource: digitimesJun 10th, 2020

Okta shares drop 4% despite jump in revenue

Okta Inc. shares were down 4.9% in after-hours trading Thursday after the ID-management platform provider reported fiscal first-quarter results. Okta reported a loss of $57.7 million, or 47 cents a share, c.....»»

Category: topSource: marketwatchMay 28th, 2020

Exclusive: U.S. taxpayers" virus relief went to firms that avoided U.S. taxes

Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus......»»

Category: topSource: reutersMay 28th, 2020

Exclusive: U.S. taxpayers" virus relief went to firms that avoided U.S. tax

Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus......»»

Category: topSource: reutersMay 28th, 2020

Spotify Makes its Move

This week streaming service Spotify announced it had signed podcaster Joe Rogan on a multi-year licensing deal thought to be worth $100 million. Rogan’s self-titled show—downloaded 190m times last month—is one of… The post Spotify Makes its .....»»

Category: topSource: redherringMay 22nd, 2020

Shares of iQIYI drop 5% on widening loss

iQIYI Inc. ADR shares were down 5% in after-hours trading Monday after the Beijing-based online video platform formerly known as Qiyi reported a widening first-quarter loss. iQIYI reported a net loss of $406.4 million, o.....»»

Category: topSource: marketwatchMay 18th, 2020

A day trader who bought hundreds of oil contracts was told he owed $9 million after a trading platform issue meant it failed to show oil"s historic plunge below $0

Mario Tama/Getty Images A day trader who bought hundreds of oil futures contracts during its historic price crash last month was told he owed $9 million after a tech.....»»

Category: topSource: businessinsiderMay 11th, 2020

Boston Beer CEO makes 62 times more than the company"s median worker

Boston Beer Company’s CEO made 62 times more than the median employee in 2019.  Proxy statements released earlier this month by the maker of Sam Adams beer show that Boston Beer (NYSE: SAM) CEO Dave Burwick reported $4.2 million in total compensa.....»»

Category: topSource: bizjournalsApr 28th, 2020

Large Facebook Option Trader Betting On Earnings Sell-Off

Facebook, Inc (NASDAQ: FB) shares are up 24.9% over the past month. But at least one large option trader is betting next week’s earnings report will be a reality check for the stock. read more.....»»

Category: blogSource: benzingaApr 25th, 2020

Capitol Report: Bernie Sanders still has $16.2 million in campaign cash — here’s what he can do with the money

Bernie Sanders this month became the last politician to drop out of the Democratic presidential race, leaving Joe Biden as the last man standing. Every departure triggers a financial question: What to do with any money left from the campaign?.....»»

Category: topSource: marketwatchApr 21st, 2020

Exxon Mobil Option Trader Makes Big Bearish Bet On More Downside After Oil Prices Drop Below $0

Exxon Mobil Corporation (NYSE: XOM) has been one of the worst-performing large stocks in the entire S&P 500 in over the past decade, and is off to a horrendous start to 2020 thanks to COVID-19. read more.....»»

Category: blogSource: benzingaApr 20th, 2020

NewsWatch: OPEC and its allies strike historic agreement to cut nearly 10 million barrels a day

Saudi Arabia, Russia and the U.S. agree to lead a multinational coalition in major oil-production cuts after a month-long Saudi-Russian feud and a drop in demand due to the coronavirus crisis devastated oil prices......»»

Category: topSource: marketwatchApr 12th, 2020

Jerry Seinfeld"s new Netflix comedy special debuts next month as part of a reported $100 million deal. Here are 6 comedians Netflix has paid huge amounts of money to.

Netflix Netflix announced on Friday that Jerry Seinfeld's next comedy special, "23 Hours to Kill," will debut globally on the platform on May 5. It's part of a huge deal that Seinfeld struck with the streaming giant in 2017 that's wo.....»»

Category: topSource: businessinsiderApr 12th, 2020

The Wall Street Journal: OPEC and its allies on Sunday strike historic agreement to cut nearly 10 million barrels a day

Saudi Arabia, Russia and the U.S. agree to lead a multinational coalition in major oil-production cuts after a month-long Saudi-Russian feud and a drop in demand due to the coronavirus crisis devastated oil prices......»»

Category: topSource: marketwatchApr 12th, 2020

UN sees virus" grim worldwide toll on jobs

That's a 7% drop in global working hours this quarter, a UN labor agency says, with 30 million jobs lost in the first quarter of 2020 alone......»»

Category: topSource: moneycentralApr 7th, 2020

Ohio restaurants report almost $700 million sales drop amid coronavirus closures

Ohio restaurants have lost nearly $700 million in sales this month. The Ohio Restaurant Association and National Restaurant Association have begun to quantify the impact of coronavirus-related restrictions on the industry, having surveyed more th.....»»

Category: topSource: bizjournalsMar 29th, 2020

Ohio restaurants report nearly $700M sales drop amid coronavirus closures

Ohio restaurants have lost nearly $700 million in sales this month. The Ohio Restaurant Association and National Restaurant Association have begun to quantify the impact of coronavirus-related restrictions on the industry, having surveyed more th.....»»

Category: topSource: bizjournalsMar 28th, 2020