Month: September 2020

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The Key to Conquering the Wild West of Options

September 3, 2020 admin Comments Off on The Key to Conquering the Wild West of Options

The Super Trader Rally was a huge success.
In the end, we had the chance to share our message and our latest research with some 50,000 people.
Thank you!
What a feeling it is to have an impact on so many folks.
In the lead-up to the event and during the interactive part of the rally, we received thousands of questions… in several different languages.
But there was one question we saw again and again that deserves a full essay.
It sounds something like this… Do I need to trade options to be a “Super Trader”?
To many, options are the final frontier of the financial world.
They’re …read more […]

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Tesla Set to Extend Declines After Leading Investor Cuts Stake

September 3, 2020 admin Comments Off on Tesla Set to Extend Declines After Leading Investor Cuts Stake

(Bloomberg) — Tesla Inc. shares are poised to extend losses after the electric-car maker’s largest shareholder behind Elon Musk cut its stake.The stock slumped 6.7% to $417.54 at 6:02 a.m. New York time in premarket trading, having fallen 5.8% on Wednesday after Baillie Gifford & Co. disclosed that it reduced its holding to 4.25% of Tesla’s shares from 7.67% in February. With the sale, the Edinburgh-based firm is now Tesla’s fourth-biggest investor, according to data compiled by Bloomberg.Baillie Gifford needed to reduce the holding because of guidelines that restrict the weight of a single stock in client portfolios, Dow Jones …read more […]

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Oil Drops Again With OPEC Supply and Wavering Demand in Focus

September 3, 2020 admin Comments Off on Oil Drops Again With OPEC Supply and Wavering Demand in Focus

(Bloomberg) — Oil fell further in New York after the deepest drop since July as concerns mount over OPEC supply and fuel demand.Iraq, a regular laggard in the output curb deal between OPEC and its allies, may seek a two-month extension to implement its compensatory cuts, indicating it won’t be able to reduce production as quickly as previously promised. That comes as other members of the club, including Saudi Arabia and Russia, are bringing some supply back in line with their agreement.In Europe, profit from making diesel on Thursday plunged to the lowest since at least 2011, signaling that demand …read more […]

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Qualcomm ramps up 5G smartphone and laptop bets

September 3, 2020 admin Comments Off on Qualcomm ramps up 5G smartphone and laptop bets

Qualcomm Inc is ramping up its effort to put 5G mobile phones within reach of billions of people and backing new connected laptops aimed at the growing number of people working at home due to the COVID-19 pandemic. “It will deliver on the promise of making 5G accessible to all smartphone users,” Qualcomm’s president, Cristiano Amon, said in an opening video address to the IFA consumer technology fair in Berlin. …read more […]

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Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Tencent

September 3, 2020 admin Comments Off on Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Tencent

(Bloomberg) — Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million monthly users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term threat to its core businesses from arch rival Tencent Holdings Ltd.Ant is set to join the top echelon of global finance alongside Bank of America Corp., as it seeks to raise about $30 billion with a valuation of about $225 billion in Hong Kong and Shanghai, people familiar have said. Once the dust settles, …read more […]