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☆ Private prison stocks jump after Trump appoints immigration hard-liner as 'border czar'
▼ + stars: | 2024-11-11 | by ( Spencer Kimball | ) www.nbcnews.com time to read: +1 min

Private prison stocks rose on Monday after President-elect Donald Trump selected immigration hard-liner Tom Homan as his “border czar.”The Geo Group jumped more than 4% and and CoreCivic nearly 8% in premarket trading. Homan served as the head of Immigration and Customs Enforcement during Trump’s first term. Homan told a conservative conference in July that he “will run the biggest deportation operation this country has ever seen” when Trump returns to office. The second Trump administration would allow for contracting with the U.S. Marshalls Services and the Federal Bureau of Prisons, Boltansky said. “More importantly they would take a far more aggressive stance on border enforcement, which would impact the ICE business lines at these firms,” the analyst told clients.

Persons: Donald Trump, Tom Homan, Homan, Trump, ” Homan, ” Isaac Boltansky, Boltansky, “ Organizations: Geo Group, Immigration, “, Trump, White, U.S . Marshalls Services, Federal Bureau of Prisons

☆ Private prison stocks jump on Trump appointment of immigration hard-liner Tom Homan
▼ + stars: | 2024-11-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

A guard escorts an immigrant detainee from his 'segregation cell' back into the general population at the Adelanto Detention Facility, managed by GEO Group. Getty ImagesPrivate prison stocks rose Monday after President-elect Donald Trump selected immigration hardliner Tom Homan as his "border czar." The Geo Group and CoreCivic jumped more than 7% and nearly 8%, respectively, in morning trading. Stock Chart Icon Stock chart icon CoreCivic, 5 daysTrump said Sunday on Truth Social that Homan "will be in charge of all Deportation of Illegal Aliens back to their Country of Origin." Stock Chart Icon Stock chart icon Geo Group, 5 days

Persons: Donald Trump, Tom Homan, CoreCivic, Homan, Trump Organizations: GEO Group, Getty, Geo, Immigration

☆ Stocks making the biggest moves midday: AbbVie, Tesla, Cigna, Morgan Stanley and more
▼ + stars: | 2024-11-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Crypto stocks — Crypto stocks extended last week's gains as investors basked in the honeymoon period between election day and inauguration day. Coinbase shares jumped 20% and were trading above $300 for the first time since 2021. Wells Fargo jumped 4%, while Bank of America and Morgan Stanley each rose more than 2%. Valley National Bank — Shares popped almost 5% after JPMorgan upgraded the New York-based regional bank to overweight from neutral. Cboe Global Markets — Shares advanced nearly 2% on the back of Deutsche Bank's upgrade to buy from hold .

Persons: Tesla, Trump, Elon Musk, Ernst & Young, MARA, Morgan Stanley —, Wells Fargo, Morgan Stanley, Donald Trump, Tom Homan —, Trump's, Cigna, RadNet, Anthony Elian, Alex Harring, Tanaya Macheel, Jesse Pound, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Bristol, Myers Squibb, Super, MARA Holdings, Bank of America, Geo, U.S, Immigration, Customs, Trump Media & Technology, Trump, Humana, GE HealthCare, Bank, JPMorgan, Cboe, Deutsche, Deutsche Bank Locations: Wells Fargo, York

☆ Markets just had their best week all year
▼ + stars: | 2024-11-08 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

New York CNN —US stocks closed at record highs on Friday, notching their best week all year after Donald Trump’s victory in the US presidential election. Both the S&P and the Dow had their best week in a year. Investors are responding to how Trump’s victory might transform the business landscape in the US. Markets had a milestone week as investors adjusted to Trump’s victory and started to evaluate the policies touted by his campaign, such as his proposal to lower the corporate tax rate. Markets move based on investor sentiment, and the historic gains this week are not certain to last.

Persons: Donald Trump’s, Dow, ”, Michael Block, Trump, Keith Lerner, Lerner, ” Lerner, Elon Musk’s Tesla, Bitcoin, Hogan, … Organizations: New, New York CNN, Nasdaq, US, Treasury, Markets, Dow, Advisory, Federal Reserve, Trump, Trump Media & Technology, GEO, America PAC, JPMorgan, Riley Wealth Management Locations: New York

☆ Why small-cap stocks are making such a big move on a Trump victory
▼ + stars: | 2024-11-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Donald Trump's return to the White House sparked a big move higher in small-cap stocks. Small-cap stocks were seen as potential winners under a second Trump presidency, as investors expect it would ease regulations on businesses — which tend to weigh more heavily on smaller businesses. Wednesday's gains in small caps were led by private prison stocks Geo Group and CoreCivic , which were up roughly 20% each. Small-cap stocks have trailed their large-cap counterparts this year. Notably, small caps outperformed in the 3mos after both the Trump 2016 and Biden 2020 wins."

Persons: Donald Trump's, Russell, Jason Goepfert, Wolfe, Chris Senyek, IWM, Wells, Chris Harvey, Robert Krankowski Organizations: Trump, DOJ, FTC, Congress, Wolfe Research, Geo, Biden, UBS, Ferrari Locations: Wells Fargo

☆ BTIG's list of biggest Trump winners and losers
▼ + stars: | 2024-11-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

In addition, he has floated plans to reduce corporate tax rates to as low as 15% from 21%, and eliminate income tax on tips, Social Security and overtime pay. Those include reduced individual income tax rates and increased alternative minimum tax (AMT) exemption amounts. These stocks are among those BTIG sees as the biggest winners and losers from Trump's victory. Winners M & A and consolidation A Trump presidency likely means a more supportive environment for corporate consolidation, Boltansky said. That would be positive for names like HealthEquity, which BTIG rates a buy, and Webster Financial , he noted.

Persons: Donald Trump, BTIG, Isaac Boltansky, Trump, Boltansky, CoreCivic, MicroStrategy, Webster Organizations: White, ACA, Social Security, Trump, Discover Financial, Discover, Republican White, Geo, United States Marshals Service, Federal Bureau of Prisons, Geo Group, Webster Financial, HealthEquity, Everest Group Locations: United States, China

☆ These stocks are soaring off the Trump victory
▼ + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That would mark a reversal from the Biden administration, which allowed migrants seeking asylum to legally work in the country while awaiting trial. A Trump administration is expected to approve Capital One's proposed merger with Discover Financial Services. Andrew Caballero-Reynolds/AFP/Getty ImagesGenerally, a Trump administration is expected to be more supportive of mergers and acquisitions compared to the Biden administration, which has sought to block many. Retail and green energy stocks falterWednesday wasn’t all good news for stocks, though. Trump is widely expected to repeal tax credits and other incentives President Joe Biden pushed for in the Inflation Reduction Act.

Persons: Donald Trump’s, Biden, It’s, Trump, Tesla Elon, Tesla, Donald Trump's, Elon Musk, Trump . Thibaut Durand, Hans Lucas, JPMorgan Chase, Jamie Dimon, Michael Barr, Goldman Sachs, Andrew Caballero, Reynolds, bitcoin, Joe Biden Organizations: New, New York CNN, Prisons, GEO Group, SpaceX, Trump ., Getty, Bank, JPMorgan, Federal, Citigroup, Discover Financial Services, Capital, Republican, JetBlue, Spirit Airlines, Trump, Mattel, Hasbro Locations: New York, AFP

☆ Stocks making the biggest moves premarket: Tesla, DJT, CVS Health, Dollar Tree and more
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Crypto stocks – Shares of Coinbase surged 12% as investors cheered the prospect of a more supportive regulatory environment for cryptocurrency businesses under a second Donald Trump presidency. Bank stocks — Shares of banking stocks soared in premarket trading after Donald Trump's victory spurred investor optimism that the sector could see less regulation . CVS Health — Shares rose 7.5% after CVS posted mixed third-quarter results , citing higher medical costs that weighed on net income. Clean energy stocks — Shares of renewable energy and solar companies slid on worries that Trump's second term could imperil the Inflation Reduction Act and measures to fight climate change. Dollar Tree , Five Below — Shares of Dollar Tree slipped 1.6%, while Five Below moved down 9%.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Wells Fargo, SunRun, FirstSolar, Wegovy, Trump, CoreCivic, Dan Ives, Tesla, — CNBC's Michelle Fox Theobald, Tanaya Macheel, Brian Evans Organizations: MicroStrategy, Bank, —, Citigroup, Bank of America, Trump Media & Technology, Republican, CVS, Enphase Energy, Novo Nordisk —, GEO Group, Elon, Trump, Wedbush Securities, Tilray, Aurora Cannabis, National Retail Federation Locations: FactSet, Novo Nordisk — U.S, Danish, U.S, Florida, Canada, China

☆ Stocks making the biggest moves midday: Super Micro Computer, Tesla, Coinbase, Planet Fitness and more
▼ + stars: | 2024-11-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Crypto stocks — Cryptocurrency-related names soared after investors bet that a Trump presidency would lead to a more supportive regulatory environment. Cannabis stocks — Shares of cannabis companies dropped after voters rejected a Florida ballot measure to legalize the sale and use of marijuana in the state. Dollar Tree and Dollar General also respectively lost more than 6% and 5%. Steel stocks — U.S.-based steel stocks rallied on the back of Trump's victory. Shares of Nucor and Cleveland-Cliffs respectively rallied 16% and 20%, while United States Steel climbed 8%.

Persons: Donald Trump, Donald Trump's, Trump, Tesla, bitcoin, Goldman Sachs, Wells, Joe Biden's, Sunrun, Wegovy, CoreCivic, Trump's, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min, Samantha Subin Organizations: Republican, Trump Media & Technology, Bank, Citigroup, Bank of America, Wells Fargo, CVS Health, CVS, Trump, SolarEdge Technologies, Enphase Energy, Novo Nordisk —, Novo Nordisk, — Geo, White, Aurora Cannabis, —, CNBC, Holdings, Steel, U.S, Cliffs, United States Steel Locations: Novo Nordisk — U.S, Danish, Florida, Tilray, U.S, Canada, China, Cleveland

☆ Trump’s social media stock spikes as America goes to the polls
▼ + stars: | 2024-11-05 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

Shares of Truth Social owner Trump Media & Technology Group spiked 13% on Tuesday morning. Trump Media is losing money and generates very little revenue. Its main product, conservative social network Truth Social, remains tiny. Trump Media, which trades under the stock ticker symbol “DJT,” has plenty at stake. If Trump loses the election, Trump Media has little to fall back on.

Persons: Donald Trump’s, Trump, bitcoin, Matthew Tuttle, It’s, ” Tuttle, ”, it’s, Gene Munster, I’m Organizations: New, New York CNN, Social, Trump Media & Technology Group, Traders, Trump Media, Trump Trade, Geo Group, White, Tuttle Capital Management, CNN, Paramount Global, CBS, Venture, Trump Locations: New York, Trump’s

☆ Stock market today: Stocks rise as Trump bets rally after failed assassination attempt
▼ + stars: | 2024-07-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks surged to record highs as markets mulled the impact of the attempted assassination of Donald Trump over the weekend. Investors anticipate the attempt will boost Trump's chances in the November Presidential election. AdvertisementUS stocks moved higher on Monday to test record highs after former President Donald Trump survived an assassination attempt over the weekend. Investors are betting that the tragic attempt on Trump's life will help hand him to the Presidency once again in November. A higher US dollar could also be in store under a potential Trump Presidency in November, though the dollar was about flat in early Monday trades.

Persons: Donald Trump, —, bitcoin, Tesla, Trump, Kyle Rodda Organizations: Trump Media, Service, Trump Media & Technology Group, GEO Group, Trump Presidency, Treasury, Here's Locations: United States

☆ Earnings will drive the market next week — what we expect from 2 portfolio stocks
▼ + stars: | 2024-05-04 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. This past week was chock full of Club earnings: 12 portfolio companies, including Apple , delivered results. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jerome Powell, we're, Jim Cramer, Jim, Apple, Eli Lilly, Estee Lauder, Stanley Black, Decker, Bausch, FactSet, It's, Bob Iger, Iger, Nelson Peltz, We're, Krystal, Berkshire Hathaway, Tyson, Jones Lang, Walt, Ferrari N.V, WK Kellogg, Wynn, Vishay, CRON, MARA, RICK, Ginkgo, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, Apple, GE Healthcare, DuPont, Linde, Bausch Health, Coterra Energy, Club, Disney, Wynn Resorts, CNBC, Revenue, Vegas Sands, Cotai, Boston, Airlines, Krystal Biotech, Alpha Metallurgical Resources, Axsome Therapeutics, Tyson Foods, TSN, Bowlero Corp, CNA Financial Corp, CNA, Jones Lang LaSalle Incorporated, Technologies, Realty Income Corp, Lab, Teradata Corp, Technology, FMC Corporation, FMC, Paymentus Holdings, Shockwave, Vertex Pharmaceuticals, Goodyear Tire & Rubber Company, Simon Property Group, Sterling Construction Company, Apple Hospitality, Boise Cascade Corporation, BellRing Brands, Coty, COTY, Fidelity National Information Services Inc, Vornado Realty, Walt Disney Co, Holdings, Madrigal Pharmaceuticals, Nikola Corporation, BP, Rockwell Automation, MarketAxess Holdings, Jumia Technologies, GEO Group, Builders FirstSource Inc, Duke Energy Corp, WYNN, Rivian Automotive, Arista Networks, Occidental Petroleum Corp, Astera Labs, Bros, Flywire Corporation, B2Gold Corp, Kinross Gold Corp, Virgin Galactic Holdings, iRobot Corp, Electronic Arts Inc, McKesson Corp, ACM Research, Avadel Pharmaceuticals, Toyota Motor Corp, Emerson Electric Co, Perion, Editas, Brink's Company, Sinclair Corporation, New Fortress Energy, Starwood Property Trust, Animal Health, ELAN, Farms, IM Cannabis Corp, Fox Corporation, Formula One, Icahn Enterprises, Teva Pharmaceutical Industries, Arm Holdings plc, ARM, AMC Entertainment Holdings, Trade, AppLovin Corporation, Sciences Corp, SolarEdge Technologies, Roblox Corporation, GigaCloud Technology Inc, Warner Bros ., Properties Trust, Growers, Constellation Energy Group, Cronos, Fiverr, Solar Inc, EPAM Systems, Cedar Fair Entertainment, Digital Holdings, RCI Hospitality Holdings, Akamai Technologies, Semiconductor, Insulet Corp, NuScale Power Corporation, Ginkgo Bioworks Holdings, Bloom Energy Corporation, Construction, AMC Networks, CRH Public Ltd . Company, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: China, Eaton, Amazon, Covid, Macao, Vegas, Sun Valley , Idaho

☆ Opinion | Immigrant Detention Should Have No Place in Our Society
▼ + stars: | 2024-04-14 | by ( Ana Raquel Minian | ) www.nytimes.com time to read: +1 min

The two had fled Guatemala after gang members killed his son, Marco, and threatened the rest of the family. Mr. Arredondo was not aware of the new policy, but it should not have mattered. Still, an immigration official took Andrea from Mr. Arredondo and placed them in different cells. Hours later, the officials lined up a group of children, including Andrea, and drove them away without explanation. The next day, Mr. Arredondo was transported to a different facility.

Persons: Fernando Arredondo, Andrea, Marco, Weeks, Trump, Arredondo Organizations: Border Patrol, U.S, Detention, GEO Group Locations: Mexico, Guatemala, Laredo , Texas, Rio

☆ Exclusive-Biden Officials Kept Immigration Jails Despite Internal Cost Concerns
▼ + stars: | 2023-09-27 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +6 min

But ICE ultimately only ended contracts with two of the detention centers flagged in the memo. Six of the nine detention centers identified in the August 2022 memo were operated by private companies. U.S. President Joe Biden promised during the 2020 campaign to reform immigration detention and cut out for-profit companies. The lawsuit cites ICE contracting reports that said Torrance staffing shortages impacted safety, security and care. The Biden administration has held more migrants in ICE detention in recent months following the mid-May implementation of stricter asylum rules.

Persons: Ted Hesson, Alejandro Mayorkas, Joe Biden, Biden, There's, Torrance, Jenny Burke, CoreCivic, Brian Todd, Rebecca Sheff, Christopher Ferreira, Kristina Cooke, Mica Rosenberg, Suzanne Goldenberg Organizations: Biden, Immigration, Customs Enforcement, Reuters, ICE, Homeland, U.S, Residential Center, American Civil Liberties Union, ACLU, ICE Processing, GEO Group, Immigration Centers of America, GEO, ICA Locations: Torrance, New Mexico, U.S, Mexico, Albuquerque, Berks, Pennsylvania, Yuba County Jail, California, Yuba, Farmville, Virginia, COVID, Adelanto, San Francisco, New York City

[1/7] A general view of the Torrance County Detention Facility, where migrants are housed, in Estancia, New Mexico, U.S., September 21, 2023. But ICE ultimately only ended contracts with two of the detention centers flagged in the memo. Six of the nine detention centers identified in the August 2022 memo were operated by private companies. The lawsuit cites ICE contracting reports that said Torrance staffing shortages impacted safety, security and care. The Biden administration has held more migrants in ICE detention in recent months following the mid-May implementation of stricter asylum rules.

Persons: Adria Malcolm, Alejandro Mayorkas, Joe Biden, Biden, There's, Torrance, Jenny Burke, CoreCivic, Brian Todd, Rebecca Sheff, Christopher Ferreira, Ted Hesson, Kristina Cooke, Mica Rosenberg, Suzanne Goldenberg Organizations: REUTERS, Adria, Biden, Immigration, Customs Enforcement, Reuters, ICE, Reuters Graphics Reuters, Homeland, U.S, Residential Center, American Civil Liberties Union, ACLU, ICE Processing, GEO Group, Immigration Centers of America, GEO, ICA, Thomson Locations: Torrance, Estancia , New Mexico, U.S, New Mexico, Mexico, Albuquerque, Berks, Pennsylvania, Yuba County Jail, California, Yuba, Farmville, Virginia, COVID, Adelanto, San Francisco, New York City

REUTERS/Adrees LatifNEW YORK, Aug 14 (Reuters) - Michael Burry, the money manager made famous in the book and film "The Big Short," held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. Put options convey the right to sell shares at a fixed price in the future and are typically bought to express a bearish or defensive view. Michael Lewis' nonfiction book "The Big Short" was released in 2010 and the movie version came out in 2015. The S&P 500 (.SPX) is up roughly 17% for the year to date while the Nasdaq 100 (.IXIC) is up nearly 39% over the same period. Burry, who frequently turns over his portfolio, drew wide attention last August when he dumped all of his long positions and bought a stake in prison company Geo Group Inc (GEO.N).

Persons: Adrees Latif, Michael Burry, Michael Lewis, David Randall, Saqib Iqbal Ahmed, Ira Iosebashvili, Matthew Lewis Organizations: Nasdaq, REUTERS, YORK, Scion Asset Management, U.S, Nvidia, HK, Alibaba Group Holdings, Western Alliance Bancorp, First Republic Bank, RealReal Inc, Warner Bros ., Warner Brothers, Scion, Management, Geo Group Inc, Thomson Locations: Square, Midtown New York, New York

REUTERS/Quinn GlabickiA White House spokesperson said Biden "continues to support moving away from the use of private detention facilities in the immigration detention system." One facility evaluated as part of the Biden administration review was Stewart Detention Center, a Georgia lockup operated by the private prison company CoreCivic (CXW.N). The administration has scaled back immigration detention in some ways. ICE often pays to maintain a fixed number of beds at detention centers regardless of whether they are actually used. But just six months later, the company signed a contract to reopen the same complex as a 1,900-bed immigration detention center.

Persons: Quinn Glabicki PHILIPSBURG, Joe Biden, watchdogs, Alejandro Mayorkas, Biden, Donald Trump, Mayorkas, lockups, Quinn Glabicki, Stewart, Ryan Gustin, Winn, Quinn Glabicki Ruben Dario, didn't, Ryan Horvath, Richwood, BIDEN, Trump, Biden's, Jose Gordo, Angela Kelley, Kelley, Boy Sonkarlay, Erika Guadalupe Nunez, Ted Hesson, Mica Rosenberg, Kristina Cooke, Aurora Ellis Organizations: Processing, GEO Group, U.S . Immigration, Customs, REUTERS, Democratic, Immigration, Customs Enforcement, Biden, American Civil Liberties Union, ACLU, Reuters, ICE, Companies, Republican, Trump, White, U.S . Department of Homeland Security, Stewart Detention, Winn Correctional Center, LaSalle Corrections, Richwood Correctional, LaSalle, Reuters Graphics Reuters, BI, ICE Processing Center, GEO, Visitors, Thomson Locations: Philipsburg , Pennsylvania, U.S, Pennsylvania, Mexico, Georgia, Louisiana, Mississippi, LaSalle, Argentine, Spanish, California, Liberian, Philadelphia, Philipsburg, Washington, New York

CNN —A Nicaraguan national who died last week in federal immigration custody had spent more than one year in detention. Despite having been recommended for release more than seven months ago, he continued to be held in immigration custody, according to the Southern Poverty Law Center. In November 2022, an ICE panel recommended Rocha-Cuadra be released from custody, but officials at the facility declined to release him, a statement from the SPLC said. In a written statement to the press, Rocha-Cuadra’s brother joined a chorus of immigration rights advocates calling for the ICE facility to be investigated. Rocha-Cuadra had been in immigration custody after crossing the border illegally near Andrade, California, on April 17, 2022, according to a statement from ICE earlier this week.

Persons: Ernesto Rocha, Rocha, Cuadra, Ernesto, “ NOLA, Cuadra’s, Frank Rocha, noncitizen, “, ” Organizations: CNN —, Nicaraguan, Southern Poverty Law Center, Immigration, Customs, New Orleans ICE Field Office, “, “ NOLA ICE ”, ICE, CNN, GEO, Inc, GEO Group, . Immigration, Healthcare, Central Louisiana ICE Processing, ICE Health Services Corps Locations: Cuadra, ICE’s, Jena , Louisiana, Andrade , California, ICE’s Central Louisiana

☆ 'Big Short’ Michael Burry bought a slew of stocks last quarter, including two Chinese internet names
▼ + stars: | 2023-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Michael Burry, known for calling the subprime mortgage crisis, picked up a slew of stocks in the fourth quarter including two Chinese internet giants, according to a new regulatory filing. The famed investor bought $9.3 million worth of mortgage data vendor Black Knight last quarter, as well as $5.3 million worth of Coherent , a manufacturer of optical materials and semiconductors. Burry also bought into a duo of Chinese e-commerce leaders — Alibaba and JD.com — during the fourth quarter. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name. It's also unclear if Burry took any bearish bets last quarter, as short positions are not disclosed in these reports.

☆ 'Big Short' investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com
▼ + stars: | 2023-02-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. The investor of "The Big Short" fame bought 50,000 American Depositary Shares (ADS) of Alibaba, valued at $4.4 million on December 31. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close.

☆ DeSantis' second inauguration as governor will have a 'Free State of Florida' theme, an intimate candlelight dinner, and a toast to moms supporting the GOP governor
▼ + stars: | 2023-01-01 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +10 min

The overarching theme is "The Free State of Florida," the Florida Standard first reported. "The Free State of Florida" is a motto mirroring DeSantis' 2022 campaign theme. Officials stand on stage during an inauguration ceremony where Ron DeSantis was sworn in as Florida Governor, Tuesday, January 8, 2019, in Tallahassee, Florida. This inauguration, DeSantis is considering turning down donations from Big Tech companies, The New York Times reported. "I support Governor DeSantis and am honored to have been invited to his inauguration," GOP Rep. Matt Gaetz of Florida told Insider.

☆ Supreme Court Title 42 vote keeps border shut to asylum seekers, and Biden policy close to Trump
▼ + stars: | 2022-12-28 | by ( Layla M. Razavi | Grisel Ruiz | Layla M. Razavi Is The Interim Executive Director Of Freedom For Immigrants | ) www.nbcnews.com time to read: +6 min

The policy, known as Title 42, had already been ruled unlawful by a federal judge. Though President Joe Biden is now pushing for an end to Title 42, he previously fought in federal court to preserve the policy despite his campaign promise to restore asylum. Title 42 was never about public health. Indeed, Title 42 came to be after the Trump White House reportedly put the squeeze on the CDC. It’s no coincidence that Title 42 has disproportionately denied Black and brown migrants their right to seek asylum.

☆ 'Big Short' investor Michael Burry reveals 5 stocks he bought last quarter - after slashing his portfolio to a single holding
▼ + stars: | 2022-11-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Michael Burry expanded his US stock portfolio from a single holding to six last quarter. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. The value of Burry's portfolio jumped from about $3 million to over $41 million. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Read more: A Michael Burry expert breaks down what makes the 'Big Short' investor special.

☆ 'Big Short' fund manager Burry buys another prison stock
▼ + stars: | 2022-11-14 | by ( Carolina Mandl | ) www.reuters.com time to read: +1 min

The move comes after fund manager Burry dumped a dozen positions in the second quarter, including Facebook parent Meta Platforms (META.O), and replaced them with a new stake in prison company Geo Group Inc (GEO.N). A regulatory filing on Monday showed he bought roughly 1.5 million additional shares in Geo Group in the third quarter. Burry also added $7.8 million stake in CoreCivic, the filing showed. Shares in Geo Group, CoreCivic and Aerojet are up year-to-date, outperforming the S&P 500, which is down 16.3% on the year. Fund managers are not required to disclose short positions, which profit when a company's shares fall.

☆ Michael Burry of ‘The Big Short’ bets on a home shopping network stock and a rocket engine maker
▼ + stars: | 2022-11-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Famed investor Michael Burry, known for calling the subprime mortgage crisis, jumped back into the market to pick up a few stocks in the third quarter, according to a new regulatory filing. Burry has been in and out of this private prison operator as well as GEO Group the past two years. In February, Lockheed Martin tabled plans to acquire the rocket engine maker amid opposition from U.S. antitrust enforcers. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name. It's also unclear if Burry took any bearish bets last quarter as short positions are not disclosed in these quarterly reports.

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