The long-put “butterfly” strategy guards against a potential bitcoin price drop to $47,000 by the end of March. The strategy, involving multiple trades, cost over $20 million. A large bitcoin {{BTC}} options bet crossed the tape on Tuesday, aiming to profit from a potential short-term price drop in bitcoin with the floor at $47,000. The […]
Spring will be here soon, and while we’re all for warmer temperatures, we’d rather do without the soon-to-be-overgrown bushes. To keep ’em under control, you may be looking for something more convenient than old-school hedge trimmers or pruners — like the WorkPro Cordless Trimmer. This handheld wonder is down to just $32 right now at […]
Kyle Bass says China’s problems are bigger than anyone realizes.Reuters/ Rick Wilking China’s property debt is a worse version of the US’ 2008 financial crash, Kyle Bass told CNBC. The country’s real estate sector was too debt-reliant, and now every public developer is in default. Just two companies hold a debt of $500 billion. In […]
By Svea Herbst-Bayliss (Reuters) – An activist hedge fund chaired by former Canadian Prime Minister Stephen Harper is pushing U.S. department store operator Kohl’s to sell itself, according to people familiar with the matter. Kohl’s rejected acquisition offers worth as much as $64 per share in 2022, when it also came under pressure from several […]
Dave McCormick, an extremely wealthy hedge fund manager running as a Republican for U.S. Senate in Pennsylvania, has built much of his political persona around his record of creating jobs. During his run for Senate last cycle, McCormick cited both his tenure as CEO of online auction startup FreeMarkets in the early 2000s and leading […]
One of the most closely followed investors on Wall Street is Bill Ackman, the CEO of Pershing Square Capital Management. Last year, it was revealed the hedge fund manager opened a position in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of internet search tool Google and video sharing platform YouTube. Ackman’s investment strategy is […]
Real estate investors still account for a significant number of single-family home purchases, buying 26% of all homes sold in June 2023, according to a recent report. These numbers have remained fairly unchanged over the past two years, and are causing some lawmakers to call for banning large investors from purchasing homes that could otherwise […]