Dow Edges Lower; Mondee Holdings Shares Surge

U.S. stocks were mixed toward the end of trading, with the Dow Jones trading slightly lower on Friday. The Dow traded down 0.05% to 34,052.86 while the NASDAQ rose 0.34% to 13,269.58. The S&P 500 also rose, gaining, 0.13% to 4,335.45. Check This Out: McDonald’s, Halliburton And 2 Other Stocks Insiders Are Selling   Leading and Lagging Sectors Information technology shares rose by 0.7% on Friday. In trading on Friday, consumer discretionary shares fell by … Read more…

‘There’s No Chance China Or Anyone Else Can Keep Up With Us,’ Jamie Dimon Tells Detroit Crowd

JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon visited Detroit on Wednesday to mark the 10 years since JP Morgan’s $200-million investment in the city. Dimon spoke at the Detroit Economic Club about the company’s efforts in the city, general economic trends and geopolitical risks, including the ongoing war in Ukraine. He also pointed out that plenty of risks could get in the way of a bull market in the next few years.  Dimon On China: Dimon … Read more…

Biden Administration Eyes Cannabis Reforms: Is The $250B Dream Nearing Reality?

This article was originally published on The Fresh Toast and appears here with permission. The federal government has given small rays of hope to the cannabis industry, is it ready? The last 2.5 years have been tough for the recreational marijuana industry. Flower prices have plummeted, New York had a fiasco of a recreational rollout, and some major companies have been on the edge of collapse. But things are changing. The slow-moving Biden administration has finally agreed … Read more…

Check Out What Whales Are Doing With Morgan Stanley

Someone with a lot of money to spend has taken a bullish stance on Morgan Stanley (NYSE:MS). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with MS, it often means somebody knows something is about to happen. So … Read more…

Bond Market Sizzles – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Last week finished on a ‘sour note,’ as the high techs lost steam on Friday, jolting the indexes lower. The Dow Jones Industrial Average lost 289 points while the S&P 500 and Nasdaq Composite declined slightly, 1.2% and 1.6% respectively; (for the week the Dow Jones was positive). As the market opened Monday, the bond market swept stocks aside, as Treasuries were ‘supreme,’ hitting a 16 year high, attracting … Read more…

$1,000 Investment, 24/7 Results: How Alibaba, Rivals Are Using AI Clones To Drive Chinese E-Commerce

The era of artificial intelligence is upon us, and Chinese e-commerce sellers are making extensive use of it to sell their products with 24/7 livestreams, straight out of a dystopian sci-fi movie. What Happened: Chinese e-commerce sellers are leveraging AI to generate commercials using deepfakes of influencers and then streaming them 24/7. What makes it even more interesting is that it costs very little, both in terms of money as well as time, to generate … Read more…

Ford Under Scrutiny Again: NHTSA Starts Probing 241K EcoSport Cars Over Engine Failure Complaints

The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into approximately 241,000 Ford Motor Co‘s (NYSE:F) EcoSport vehicles due to reported engine failures. What Happened: This decision comes after the Office of Defects Investigation received 95 complaints from drivers. According to these complaints, drivers experienced a warning light indicating low engine oil pressure, followed by a complete or partial loss of engine power in the model year 2018-2021 EcoSport vehicles. The suspected cause is a … Read more…

Bill Ackman Stays Short On Bonds, Expects 30-Year Yields To Spike As The World Is Now ‘A Structurally Different Place’

Bond yields have been surging of late amid expectations that the Federal Reserve will continue to raise interest rates in the wake of stubbornly elevated inflation and strong economic data. Hedge fund manager Bill Ackman weighed in on surging Treasury yields in a post on X. What Happened: Ackman, the founder of Pershing Square, said his firm remained short on bonds, especially the 30-year bonds, through the ownership of “swaptions.” A swaption is an option … Read more…

Microsoft’s Starfield Rockets To Record-Breaking 10 Million Players In Under Three Weeks

Since Microsoft Corp.‘s (NASDAQ:MSFT) Starfield was released in paid early access form on Sept. 1, the game has achieved more than 10 million players, making it Bethesda’s biggest launch ever. The news was announced by Bethesda’s official account on X (formerly known as Twitter), saying: “Thank you to more than 10 million #Starfield explorers for creating the biggest launch in Bethesda history.” Thank you to more than 10 million #Starfield explorers for creating the biggest launch in Bethesda history. … Read more…

Goldman Sachs Gr Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Goldman Sachs Gr. Looking at options history for Goldman Sachs Gr (NYSE:GS) we detected 15 strange trades. If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish. From the overall spotted trades, 13 are puts, for a total amount of $1,109,787 and … Read more…