A huge investor has taken a bullish position on Shopify (NYSE:SHOP), and this development holds significance for retail traders. Among the prominent options we discovered, there are seven puts valued at $282,254 and twenty-three calls valued at $4,305,104. This suggests that the sentiment among high-profile traders leans towards 56% bullish and 43% bearish. Price Target…
BUENOS AIRES (Reuters) – Argentina will push loan repayments due to the International Monetary Fund (IMF) in July to the end of the month, a person familiar with the matter at the Ministry of Economy said on Wednesday. The payments total $2.6 billion for the month and include $1.3 billion due on Friday. The cash-strapped…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets have taken a hit from a deepening selloff in China as they await critical health checks on U.S. employment over the next two days. With U.S. Treasury Secretary Janet Yellen in Beijing just as tit-for-tat trade restrictions ratchet up,…
FRANKFURT (Reuters) – The European Central Bank on Thursday backed proposed new EU rules for closing down smaller banks when they fail, but said they should be more ambitious and apply across the bloc. Bank failures have been put in the spotlight by the recent collapses in the United States of Silicon Valley Bank and…
By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The rupee will hold on to its recent gains against the dollar in coming months and strengthen marginally in a year, on strong macroeconomic trends and expectations the U.S. Federal Reserve is nearing the end of its hiking cycle, a Reuters poll showed. Despite the Reserve…
By Brendan Pierson and Andrew Goudsward (Reuters) – A federal judge’s order restricting Biden administration officials from contacting social media companies about moderating their content will face tough legal challenges on appeal, experts said. Several legal scholars and attorneys said while the lawsuit challenging the administration’s communications with social media companies raised real free speech…
By Kirsty Needham SYDNEY (Reuters) – An Australian lawyer with a bounty on his head from the Hong Kong authorities, said on Thursday he was being pursued for “exercising my democratic rights” in a crackdown on free speech. Kevin Yam, 47, is one of eight overseas-based activists accused by Hong Kong police of “serious” national…
BEIJING (Reuters) -Chinese weather forecasters on Thursday issued a string of heat advisories across northern parts of the country as temperatures were expected to breach 40 degrees Celsius (104 degrees Fahrenheit) in some areas, stressing taxed power grids. The torrid heat has gripped China for several weeks, pushing local governments to ask residents and businesses…
BEIJING (Reuters) – China faces a growing surplus of two strategic metals if Beijing restricts exports, industry players said, weighing on domestic prices even as overseas prices of the thinly traded minerals jumped this week. China’s Ministry of Commerce said on Monday it will impose export controls on gallium and germanium from Aug. 1, used…
LONDON (Reuters) – Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28% to $31,500. The world’s largest cryptocurrency has recently found support due to plans by fund managers, including BlackRock – the world’s largest asset manager – to launch a U.S.-listed spot bitcoin exchange-traded fund(ETF). Nasdaq refiled its application…
