Brace for turbulence, and have patience. That was Mark Zuckerberg’s message to Meta shareholders on Wednesday as he explained his decision to plow tens of billions of dollars into a multi-year AI spending spree that will precede any meaningful payoff. The cofounder and CEO of Meta, which owns Instagram, Facebook, and WhatsApp, said that he’d […]
Few stocks have been as volatile as Trump Media & Technology Group in recent weeks, but if shares can avoid a massive plunge for the next two trading days, Donald Trump’s personal fortune is set to leapfrog once again. Trump stands to receive another 36 million shares of the company as long as shares stay […]
They say the bigger they come, the harder they fall. That reckoning always comes eventually for meme stocks — and Trump Media & Technology Group appears to be no exception. Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high […]
SANTIAGO, Dominican Republic — Bestselling author and award-winning journalist Mitch Albom said he was trapped in chaos-ridden Haiti and had to flee in the dead of night on a helicopter with nine others, including his wife. Albom, the author of the blockbuster book, “Tuesdays With Morrie,” said in an interview with NBC News’ Gabe Guiterrez […]
Drew Angerer/Getty Images Stocks are vulnerable to a 5% “air-pocket drawdown” as traders short volatility, Sevens Report Research said. VIX futures contract expirations recently started having a bigger impact on the S&P 500, reminiscent of 2018’s “Volmageddon” episode. “These expirations will remain dates to keep in mind as the threat of volatility will be elevated […]
Bitcoin [BTC] options now look cheap and some traders are taking advantage of the same to raise bullish bets. Options are derivative contracts that give the purchaser the right to buy or sell the underlying asset at a predetermined price at a later date. A call gives the right to buy and allows traders to […]