First photo from this ace story out today by my colleagues @norahmulinda, @geoffreymorgan on hedge fund manager Eric Jackson's revival of meme stock mania
https://t.co/AxYDGk0A7z
Few investors have benefited more from the post-election rally in US stocks than Elon Musk and his fellow Tesla shareholders. That and more in today's Markets Daily newsletter https://t.co/g5S8IFRoiz via @markets@deyesha
Wall Street Pros Avoid Election Bets With Race Too Close to Call
In less than a month, Americans will vote in one of the most consequential elections in US history. But on Wall Street things are eerily quiet, as the so-called smart money is reluctant to wager on what’s about to happen.
** Hedge funds aren’t reducing their stock positions the way they historically do ahead of elections, and instead have elevated exposure to equities as the S&P 500 Index continues to set records, according to Goldman Sachs prime brokerage data going back to 2008.
** Meanwhile, options traders are more focused on the Federal Reserve’s interest-rate cuts and the health of the US economy, putting the Nov. 5 vote lower on the list of immediate priorities, market veterans say.
Our story with @deyesha, edited by @EricJWeiner1
https://t.co/E8bqC47I3i
The Fed's rate decision and Chair Jerome Powell's remarks at his press conference Wednesday afternoon will likely determine if the Dow Jones Industrial Average makes history https://t.co/DLRL2vGFNT via @markets
Climatera's journey has now begun, with a three-story series on the intersection of drought and climate change, made possible by a grant from @meedan, and our collaboration partners @scroll_in, @ndtv and @BehanBox 👇🏼
1/8: Despite growing climate risk, livestock insurance remains out of reach for women farmers in lower communities, reports @meenaxshikapoor for @ClimateraNews
https://t.co/xcCXXcBA48
Short sellers in Carvana just passed a grim milestone: more than $1 billion in losses this year. can someone tell me why day traders like this one? https://t.co/urRYdOmiU9 via @deyesha
$TSLA's stock price is built on its premium product. But does it still hold when Musk is cutting prices? with the inimitable @danahull https://t.co/SnAyAsTNkQ via @markets
TD Bank, the most heavily shorted bank worldwide is not in Silicon Valley or Switzerland but in Canada’s relatively stable financial center https://t.co/6r9VzG2P4Z via @markets
"Dharmendra stepped off a train at Nizamuddin station, clutching his mother’s hand. The 13-year-old’s eyes nervously tracked his younger sister walking beside him."
Caste, climate & resilience of the human spirit in this moving story by @BhaskerTripathi
https://t.co/jQ9Dz8M2oz
As automakers seek stakes in lithium miners to lock in supplies for electric-vehicle batteries, they’re following a path already forged by their shareholders https://t.co/fj8GPJfBdt via @markets with @geoffreymorgan