Options traders are preparing for the pound to tumble as much as 8% more as fiscal woes that prompted a painful selloff across UK markets last week weigh on the currency.
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Insurance stocks are set to collapse: LA wildfires have officially spread over 40,000 acres with insurance losses crossing $20 billion. Since the market closed on Friday, estimated damages have TRIPLED to $150 billion.
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💥💥 BlackRock is bringing a hedge fund strategy to its exchange traded fund investors. BlackRock has filed to launch an ETF focused on managed futures, a type of hedge fund strategy
Meta Platforms top boss Mark Zuckerberg on Friday criticized tech behemoth Apple in an interview with Joe Rogan, host of one of the world’s most popular podcasts. The Facebook-founder called the iPhone-maker no longer innovative, and said the company was “squeezing people” to make money.
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🧠 💻 A new Mega Trend is poised to jolt the personal computing market. Your existing laptops and PCs will soon be totally useless. A new breed that will be the world’s smallest personal super computer is being built
🏦 🏦 Barclays has upgraded an American bank to Overweight from Equalweight, as analyst Jason Goldberg expects accelerated earnings growth, higher investment banking fees, strong operating leverage and greater capital return
🛢️ 🛢️ UBS has upgraded this oil and gas play to Buy from Neutral. The brokerage noted the company’s hefty free cash flow and ~14% free cash flow yield that ranks highest among European oil stocks