Business > Market

Mysterious traders may have made $3.5 billion off stock bets timed to Trump's trade-war comments, Vanity Fair finds

9 monthes ago   |   By Business Insider

According to Vanity Fair, prior to crucial points that have swung the trade war, investors traded thousands of electronically traded futures contracts on the S&P 500.
In one case, Vanity Fair said, a trader or a group of traders, made $1.8 billion after buying 420,000 e-minis just before Trump announced talks "were back on track" with China.
Those isolated trades have totaled to about $3.5 billion.
"There is definite hanky-panky going on," an unnamed "longtime" Chicago Mercantile Exchange trader told Vanity Fair.
View Business Insider's homepage for more stories .
The trade war has...
Read more ...

 

Mysterious traders may have made $3.5 billion off stock bets timed to Trump's trade-war comments, Vanity Fair finds

Mysterious traders may have made $3.5 billion off stock bets timed to Trump's trade-war comments, Vanity Fair finds

9 monthes ago   |   By Business Insider

According to Vanity Fair, prior to crucial points that have swung the trade war, investors traded thousands of electronically traded futures contracts on the S&P 500.
In one case, Vanity Fair said, a trader or a group of traders, made $1.8 billion after buying 420,000 e-minis just before Trump announced talks "were back on track" with China.
Those isolated trades have totaled to about $3.5 billion.
"There is definite hanky-panky going on," an unnamed "longtime" Chicago Mercantile Exchange trader told Vanity Fair.
View Business Insider's homepage for more stories .
The trade war has...
Read more ...

 


Search by Tags

   Market  


Facing criticism over handling of arrests during unrest, State's Attorney...

Facing criticism over handling of arrests during unrest, State's Attorney Kim Foxx defends dropping cases

CHICAGO - Cook County State's Attorney Kim Foxx faced criticism from downtown business owners, the police superintendent and her political rivals Monday over her approach to... Read more ...

A California judge ruled that Uber and Lyft have to classify their drivers...

A California judge ruled that Uber and Lyft have to classify their drivers as employees, not contractors

Uber and Lyft will have to treat their California drivers as employees rather than independent contractors, a judge ruled Monday. The two companies were sued by the California... Read more ...

Aquarium Is Washing Old Wishes To Pay Bills During Pandemic

Aquarium Is Washing Old Wishes To Pay Bills During Pandemic

No coin shortage here: While it's closed for the pandemic, the North Carolina Aquarium at Pine Knoll Shores has drained a 30-foot waterfall and cleaned off 100 gallons of... Read more ...

New York's MTA wants safer COVID-19 iPhone unlocking, and so should you

New York's MTA wants safer COVID-19 iPhone unlocking, and so should you

A prominent public transportation system has asked Apple to improve the iPhone's face-based unlocking system for public use. Here's how that should happen. Read more ...

MGM Resorts soars 25% after IAC buys 12% stake, calling it 'once in a decade...

MGM Resorts soars 25% after IAC buys 12% stake, calling it 'once in a decade opportunity'

MGM Resorts soared as much as 25% on Monday after IAC said it bought a 12% stake in the company for approximately $1 billion. IAC Chairman Barry Diller called investing in MGM... Read more ...

Sports-betting stocks slump amid growing concerns that college football will...

Sports-betting stocks slump amid growing concerns that college football will be cancelled entirely

Sports-betting stocks slumped on Monday amid growing concerns that college football will be cancelled entirely this fall due to the coronavirus pandemic. The MAC on Saturday... Read more ...

Hong Kong media tycoon Jimmy Lai predicted that he would be arrested under...

Hong Kong media tycoon Jimmy Lai predicted that he would be arrested under China's new national security law, but said he would still stay and fight

Jimmy Lai, one of Hong Kong's most prominent pro-democracy voices, arrested under China's new national security law on Monday. Lai, who partly owns the publisher of the... Read more ...

Putin congratulates Lukashenko on winning presidential vote in Belarus

Putin congratulates Lukashenko on winning presidential vote in Belarus

Vladimir Putin has congratulated his Belarusian counterpart Alexander Lukashenko on retaining his job following Sunday's election, expressing hope that he will continue to... Read more ...

Amazon rebrands Twitch Gaming as Prime Gaming to broaden audience

Amazon rebrands Twitch Gaming as Prime Gaming to broaden audience

Amazon has rebranded its Twitch Gaming membership benefits program to Prime Gaming. The move is part of an attempt to broaden its appeal. Read more ...

Nikola soars 22% after securing order for 2,500 electric garbage trucks

Nikola soars 22% after securing order for 2,500 electric garbage trucks

Nikola Motors leaped as much as 22% on Monday after finalizing an order for at least 2,500 electric garbage trucks. The company announced Monday it will develop and produce... Read more ...