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☆ 'Big Short' legend Michael Burry invested in Bed Bath & Beyond at least twice before the meme stock's epic rise and fall
▼ + stars: | 2023-03-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Michael Burry invested in Bed Bath & Beyond at least twice before the meme-stock boom in early 2021. Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. It owned 1 million BBBY shares worth almost $11 million on June 30, 2020. A buying frenzy drove BBBY shares as high as $43 during that period; if Burry had kept his million shares, they would have briefly quadrupled in value to $43 million.

☆ Reddit-loving retail investors are making their chaotic presence felt again - and their risky behavior is fueling a stock rally that doesn't look sustainable
▼ + stars: | 2023-02-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Bullish sentiment has returned in a big way among retail investors as they've started the year piling record amounts into stocks. Speculative bets are backSome of what retail investors are buying has troubled observers. Different from 2021, however, is that institutional and retail investors look like they're on the same team, at least to a noticeable degree. To JPMorgan's Kolanovic, retail investors' optimism foreshadows future weakness in the stock market, as weak hands get wiped out by volatility, similar to how 2022 played out. With the Fed still set to tighten monetary policy, retail investors' enthusiasm for risky assets could backfire like it did last year.

The best Cyber Monday game console dealsDeal icon An icon in the shape of a lightning bolt. Great Price Xbox Series S During the holidays, Microsoft is offering their budget console, the Xbox Series S, for $60 off. The best Cyber Monday game dealsDeal icon An icon in the shape of a lightning bolt. $39.99 from Best Buy Originally $59.99 Save 33%The best Cyber Monday gaming accessory dealsDeal icon An icon in the shape of a lightning bolt. Deals on essential subscriptions like Xbox Game Pass and Nintendo Switch Online are also available during Cyber Monday, too.

☆ Nintendo Switch Black Friday deals: The best discounts available on consoles, games like Mario Kart 8 Deluxe, and more
▼ + stars: | 2022-11-25 | by ( William Antonelli | Tech Reporter For Insider Reviews | Read More | ) www.businessinsider.com time to read: +10 min

But among the deals available this Black Friday, we're seeing some great discounts on both the Nintendo Switch console and its games, as well as accessories. Best Nintendo Switch Black Friday deals on consolesNintendo Switch with Neon Joy-Con and Mario Kart 8 Deluxe System Bundle This bundle includes Nintendo's portable console with a digital copy of the most popular Switch game, Mario Kart 8 Deluxe, and a three-month membership to Nintendo Switch Online. Best Nintendo Switch Black Friday deals on gamesDeal icon An icon in the shape of a lightning bolt. Deal Eovola Nintendo Switch Accessories Kit This Nintendo Switch Accessories Kit from Eovola is a treasure trove of gear with steering wheel grips, Joy-Con grips, screen protectors, a Joy-Con charging base, and more. Great Price SanDisk microSDXC for Nintendo Switch (128GB) This SD card for the Nintendo Switch has Mario-inspired art, but any MicroSDXC under 2TB will work.

CAPE CANAVERAL, Fla., Nov 15 (Reuters) - Ground teams at Kennedy Space Center prepared on Tuesday for a third try at launching NASA's towering, next-generation moon rocket, the debut flight of the U.S. space agency's Artemis lunar program, 50 years after Apollo's last moon mission. NASA flight-readiness crews were eager for success after 10 weeks beset by engineering difficulties, two hurricanes and two trips from the spacecraft's hangar to its launch pad. Two previous launch attempts, on Aug. 29 and Sept. 3, were aborted because of fuel line leaks and other technical problems that NASA has since resolved. While moored to its launch pad last week, the rocket endured fierce winds and rains from Hurricane Nicole, forcing a two-day flight postponement. NASA defends the program as a boon to space exploration that has generated tens of thousands of jobs and billions of dollars in commerce.

CAPE CANAVERAL, Fla., Nov 16 (Reuters) - NASA's towering next-generation moon rocket blasted off from Florida early on Wednesday on its debut flight, a crewless voyage inaugurating the U.S. space agency's Artemis exploration program 50 years after the final Apollo moon mission. [1/3] NASA's next-generation moon rocket, the Space Launch System (SLS) rocket with the Orion crew capsule, lifts off from launch complex 39-B on the unmanned Artemis1 mission to the moon at Cape Canaveral, Florida, U.S. November 16, 2022. REUTERS/Joe Skipper 1 2 3Addressing mission control moments after liftoff, Artemis launch director Charlie Blackwell-Thompson saluted the hard work of her colleagues. SPACEFLIGHT STRESS TESTGetting the SLS-Orion spacecraft off the ground was a key hurdle for the ambitious Artemis program. NASA's Office of Inspector General has projected total Artemis costs at $93 billion by 2025.

☆ Historic NASA moon mission troubleshoots fuel leak ahead of launch
▼ + stars: | 2022-11-15 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

ET, intermittent leaks began to spring up that were occasionally above the threshold NASA officials hoped to see. Given all the issues that surfaced Tuesday evening, NASA could not move ahead with launch right at 1:04 a.m. The NASA Space Launch System rocket is seen at Kennedy Space Center on November 15, ahead of the Artemis I launch. After the most recent try in September, NASA did some troubleshooting and put the rocket through a fueling test. This a test mission, but NASA — and the corporate contractors that helped build the $4.1 billion SLS — have a lot riding on it.

☆ Binance just bought FTX. Here's how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
▼ + stars: | 2022-11-09 | by ( Phil Rosen | ) www.businessinsider.com time to read: +8 min

Here's the short of it: The once-top-dog crypto firm, FTX, helmed by 30-year-old billionaire Sam Bankman-Fried, is being bought by Binance amid significant liquidity issues and rumors of insolvency. But Binance CEO Changpeng "CZ" Zhao seemed to think saving a floundering FTX was worth the risk of any future downside. CoinDesk published a revealing report on November 2 about the crypto trading firm Alameda Research, another branch of Sam Bankman-Fried's empire. It turns out that the trading firm held billions of dollars' worth of FTX's native token, FTT. Anthony Georgiades, co-founder of blockchain company Pastel Network told me he doesn't think Binance is too concerned about making those investors whole again at this point.

☆ Alejandro Garnacho: Manchester United youngster mimics Cristiano Ronaldo's celebration after scoring first goal
▼ + stars: | 2022-11-04 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Manchester United’s emerging star Alejandro Garnacho scored his first goal for the club in his side’s 1-0 Europa League win against Real Sociedad on Thursday. The teenager wheeled away in celebration before being mobbed by his teammates, including Cristiano Ronaldo who had provided the assist. Thanks Idol, @Cristiano,” Garnacho tweeted after the game. Now he’s getting his chances because he’s training better, has a different attitude, and he deserves it.”Garnacho celebrates with teammate Cristiano Ronaldo who provided the assist. United play Aston Villa in its next league match before facing the same side again during a midweek League Cup fixture.

☆ Ukrainian mortar crew wrestles with ammo shortage, dud shells
▼ + stars: | 2022-10-28 | by ( Jonathan Landay | ) www.reuters.com time to read: +4 min

"We look for the smoke or if something burns," said Yevhen when asked how the crew knew if they had hit their mark. NOT ENOUGH SHELLS[1/4] A Ukrainian serviceman fires with a mortar toward Russian positions, amid Russia's attack on Ukraine, in a frontline in Mykolaiv region, Ukraine October 28, 2022. REUTERS/Valentyn Ogirenko TPX IMAGES OF THE DAY 1 2 3 4Last month, many Ukrainian units, including the mortar crew, dug into vast trench networks in adjacent Mykolaiv province as other Ukrainian forces pressed the drive from northeastern portions of the front. Ukrainian gunners avoid hitting the silo, the highest structure for kilometres around, because of its importance to the region's farmers, he said. "My friends replied, ‘We know because we have a Russian radio intercept in which they said one of their drones detected two little boxes coming into the village,'" Zelinskyi added.

☆ Feared stock market bottom retest is now underway
▼ + stars: | 2022-09-24 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The first 60% reading was not at the decisive market low, though a year after each of them stocks were higher. The S & P index, maybe, at just under 16-times forecast profits, with some cross-asset models saying it should be perhaps two multiple points cheaper. Outside of the five largest S & P 500 names (Apple, Microsoft, Alphabet, Amazon and Tesla), the rest of the index is closer to a 14 multiple, with the equal-weighted S & P around 13. The three-year S & P 500 total return is still 9% annualized, meaning the bear hasn't yet really cut into muscle for longer-term investors. We'll see how this all plays into the feared market retest now underway.

☆ Sweden's central bank launches 100 basis point rate hike, says 'inflation is too high'
▼ + stars: | 2022-09-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Sweden's Riksbank launched a 100 basis point hike to interest rates on Tuesday as it looks to rein in inflation. Sweden's Riksbank on Tuesday launched a 100 basis point hike to interest rates, taking its main policy rate to 1.75%, as it warned that "inflation is too high." In a statement, the central bank said soaring inflation was "undermining households' purchasing power and making it more difficult for both companies and households to plan their finances." The sharp hike comes as the U.S. Federal Reserve begins its two-day monetary policy meeting, with markets broadly expecting a 75 basis point increase as policymakers strive to get soaring prices under control. "The development of inflation going forward is still difficult to assess and the Riksbank will adapt monetary policy as necessary to ensure that inflation is brought back to the target," it said.

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