In this article GLD Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:31 01:31 Options Action: Traders turn against bonds after May jobs data Halftime Report Turns out all that glitters is not gold. Selling in the precious metal just keeps getting worse, with the GLD ETF now down 25% from its intraday record in February. Options trading in the fund has turned bearish in a hurry and...
In this article GLD Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:31 01:31 Options Action: Traders turn against bonds after May jobs data Halftime Report Turns out all that glitters is not gold. Selling in the precious metal just keeps getting worse, with the GLD ETF now down 25% from its intraday record in February. Options trading in the fund has turned bearish in a hurry and is now pointing toward further downside. Even after another 3% drop on Wednesday, traders sold more calls than they bought and of the $200 million in options premium traded, $130 million was tied to puts, according to data from ThinkOrSwim and SpotGamma. Of the top 10 contracts traded, eight were puts, and more than half of the put premium was traded at the ask or above, meaning the contracts were mostly bought. The most popular put contract by volume in GLD is currently the in-the-money 380-strike expiring today. The second-most popular is the 240-strike expiring in June 2028 – at $11.50 per contract, that's a deeply bearish bet that gold will fall another 40% over the next two years. Stock Chart Icon Stock chart icon SPDR Gold Shares, GLD "Turkey's central bank is selling gold and buying dollars trying to support the lira, and the gulf nations – Qatar, UAE, Saudi Arabia – they need the money for the war so they've been selling gold, too," Nigam Arora, founder of the Arora Report, said in a call. "At the same time, India's raised duties on gold, and anyone who's just watching charts, they had stops under $4,400 and had to start selling when it broke that level." The messaging coming from gold miners might be more hopeful. In GDX, calls outpaced puts more than 2:1 by volume Wednesday with three times more calls bought than puts. The biggest trade of the day in that fund was someone selling 2,000 of the at-the-money puts and calls expiring in December 2028, an almost $8 million short straddle position that wins if GDX stays between about $35 and $115 by expiration. "Gold mi...
As high-profile debuts go, SpaceX (NASDAQ: SPCX) will likely win hands down. The rocket maker is set to go public on Friday in what promises to be the largest initial public offering (IPO) in stock market history. Space Exploration Technologies Corp. (aka SpaceX) will begin trading on the Nasdaq exchange using the ticker symbol "SPCX." The expanding space economy, recent voyages beyond the moon, a...
As high-profile debuts go, SpaceX (NASDAQ: SPCX) will likely win hands down. The rocket maker is set to go public on Friday in what promises to be the largest initial public offering (IPO) in stock market history. Space Exploration Technologies Corp. (aka SpaceX) will begin trading on the Nasdaq exchange using the ticker symbol "SPCX." The expanding space economy, recent voyages beyond the moon, and the potential to get in on the ground floor of likely the biggest public debut in history have whipped the hype cycle into overdrive. As a result, many investors plan to lay out their hard-earned cash as soon as the stock begins trading. While there are plenty of reasons to be bullish, a number of challenges lie ahead that will determine whether SpaceX turns out to be a profitable investment for those who take the plunge on Friday. Let's take a look to see what's on the horizon. Continue reading
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NRG Energy Inc (Symbol: NRG), where a total volume of 12,090 contracts has been traded thus far today, a contract volume which is representative of approximately
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NRG Energy Inc (Symbol: NRG), where a total volume of 12,090 contracts has been traded thus far today, a contract volume which is representative of approximately
The Invesco QQQ Trust (NASDAQ:QQQ) and the Vanguard Information Technology ETF (NYSEARCA:VGT) are often shoved into the same “own Big Tech” bucket, but they answer different questions. QQQ tracks the Nasdaq-100, a listing-based index that is growth-heavy. VGT tracks the MSCI US Investable Market Information Technology 25/50 Index, a pure GICS sector fund. That distinction ... QQQ vs. VGT: The Best...
The Invesco QQQ Trust (NASDAQ:QQQ) and the Vanguard Information Technology ETF (NYSEARCA:VGT) are often shoved into the same “own Big Tech” bucket, but they answer different questions. QQQ tracks the Nasdaq-100, a listing-based index that is growth-heavy. VGT tracks the MSCI US Investable Market Information Technology 25/50 Index, a pure GICS sector fund. That distinction ... QQQ vs. VGT: The Best Way to Own Big Tech?
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in CSX Corp (Symbol: CSX), where a total volume of 82,845 contracts has been traded thus far today, a contract volume which is representative of approximately 8.3 mi
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in CSX Corp (Symbol: CSX), where a total volume of 82,845 contracts has been traded thus far today, a contract volume which is representative of approximately 8.3 mi
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Eli Lilly (Symbol: LLY), where a total of 15,976 contracts have traded so far, representing approximately 1.6 million underlying shares. That amounts to about 49.1% of LL
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Eli Lilly (Symbol: LLY), where a total of 15,976 contracts have traded so far, representing approximately 1.6 million underlying shares. That amounts to about 49.1% of LL
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Broadcom Inc (Symbol: AVGO), where a total of 260,678 contracts have traded so far, representing approximately 26.1 million underlying shares. That amounts to about 89% o
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Broadcom Inc (Symbol: AVGO), where a total of 260,678 contracts have traded so far, representing approximately 26.1 million underlying shares. That amounts to about 89% o
July NY world sugar #11 (SBN26 ) today is down -0.06 (-0.43%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.20 (+0.04%). Sugar prices are mixed today, with NY sugar matching a 6-week low. Weakness in the Brazilian real is weighing on sugar prices. The real (^USDBRL...
July NY world sugar #11 (SBN26 ) today is down -0.06 (-0.43%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.20 (+0.04%). Sugar prices are mixed today, with NY sugar matching a 6-week low. Weakness in the Brazilian real is weighing on sugar prices. The real (^USDBRL...
"A Lot Of BS, Honestly": Apollo Head Says Everyone Is Measuring AI Wrong The tokenomics debate got its sharpest contrarian voice this morning, and it came from inside the building. John Zito Photographer: Jeenah Moon/Bloomberg John Zito, co-president of Apollo Asset Management, sat for a fireside chat at the Morgan Stanley US Financials Conference on Wednesday, where he suggested to Bloomberg that...
"A Lot Of BS, Honestly": Apollo Head Says Everyone Is Measuring AI Wrong The tokenomics debate got its sharpest contrarian voice this morning, and it came from inside the building. John Zito Photographer: Jeenah Moon/Bloomberg John Zito, co-president of Apollo Asset Management, sat for a fireside chat at the Morgan Stanley US Financials Conference on Wednesday, where he suggested to Bloomberg that measured per unit of intelligence delivered rather than per token, prices are collapsing - even as low-value usage drives the actual bills up. "I think tokenmaxxing and token talk is - it's a lot of BS, honestly. Like, if you look at per unit of knowledge and cost per unit of knowledge, prices are collapsing. Prices are collapsing per unit of IQ, if you did it that way ." In other words: a token is not a unit of intelligence. Price the capability instead of the throughput - the way a 2026 laptop costs what a 2010 laptop did but is 50x more capable - and the cost of "IQ" is in freefall even while the bills explode . He also suggested that we're screwed if AI isn't just hype: " If AI is real, it's so hyper-deflationary to so many things over the long term that it's really hard to take risk. " So a few things are going on here - the spending problem is real. The metric everyone is using to describe it is wrong. And the resolution of that tension is where the entire AI trade goes next. As Goldman's Rich Privorotsky noted five days earlier - consensus was already migrating to exactly this frame ; that the relevant economic metric is not token volume but useful task completion per watt and per dollar ; that customers facing usage-based pricing "will optimize for cost per completed task," routing simple work to local models, harder tasks to the cloud, and frontier models only when required ; and, that we "maybe have allocated too much spend to the Data-Centric model." When Apollo and Goldman independently land on the same framework inside a week, we're looking at a new institutio...
Kick-off in the Orlando friendly 9pm BST, 4pm EDT Player guide | Bracketology | Wallchart | Mail Scott England have concluded their World Cup warm-up business against Costa Rica before. That was in 2018, and after this … … they made it all the way to the semi-finals in Russia. Say what you like about omens and vibes: they might not materially help, but neither do they hinder. Let’s just not talk a...
Kick-off in the Orlando friendly 9pm BST, 4pm EDT Player guide | Bracketology | Wallchart | Mail Scott England have concluded their World Cup warm-up business against Costa Rica before. That was in 2018, and after this … … they made it all the way to the semi-finals in Russia. Say what you like about omens and vibes: they might not materially help, but neither do they hinder. Let’s just not talk about the other time the two countries met. Oh Mr Roy! Kick-off in Orlando, Florida is at 9pm BST. It’s on! Continue reading...
DDN , a data hardware and software provider that counts Nvidia Corp. as a partner and Alphabet Inc. ’s Google and Salesforce Inc. as customers, is looking to raise additional funding by the end of the year, Chief Executive Officer Alex Bouzari said. In carrying out another investment round, DDN is seeking to attract investors that can help the company better reflect the value it creates for custom...
DDN , a data hardware and software provider that counts Nvidia Corp. as a partner and Alphabet Inc. ’s Google and Salesforce Inc. as customers, is looking to raise additional funding by the end of the year, Chief Executive Officer Alex Bouzari said. In carrying out another investment round, DDN is seeking to attract investors that can help the company better reflect the value it creates for customers, Bouzari said in an interview on Tuesday while at the Bloomberg Generative AI Forum in New York. The company wants to bring in more strategic investors who “see the world through a different lens,” he said. “The intent is not bringing money into the company because we need it — it’s bringing more savvy, sophisticated, smart people into our circle.” Formerly DataDirect Networks Inc. , Chatsworth, California-based DDN was founded in 1998 and has been running profitably as a private company for more than a decade. Less than four months ago, DDN named a finance and operations chief in a step toward boosting growth and planning an initial public offering. The company has been trying to shift from a seller of high-performance storage for supercomputers to focus on AI data centers where its products help customers access information quickly by bolstering the performance of chips like Nvidia’s. Last year, Blackstone Inc. invested $300 million in DDN at a $5 billion valuation. It’s unclear what a fresh funding round might value the company at. The firm’s products support Nvidia’s graphics processing units, or GPUs, for clients including Elon Musk ’s xAI and the AI cloud-computing firm Lambda.
Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full control Mike Ashley’s retail group, Frasers, has launched a near-€2bn takeover offer for the German luxury fashion brand Hugo Boss. The fashion and sportswear group, which owns 26% of Hugo Boss, said it is offering to pay about €1.98bn (£1.73bn) for the remainder of the business to take full control. Conti...
Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full control Mike Ashley’s retail group, Frasers, has launched a near-€2bn takeover offer for the German luxury fashion brand Hugo Boss. The fashion and sportswear group, which owns 26% of Hugo Boss, said it is offering to pay about €1.98bn (£1.73bn) for the remainder of the business to take full control. Continue reading...
Nikki Haley, Trump's ambassador to the UN in his first term, joined Balance of Power, discuss the latest in the Middle East. She said the Trump should stop negotiating with Iran and urged him to "go finish what you started." (Source: Bloomberg)
Nikki Haley, Trump's ambassador to the UN in his first term, joined Balance of Power, discuss the latest in the Middle East. She said the Trump should stop negotiating with Iran and urged him to "go finish what you started." (Source: Bloomberg)
Salesforce ( CRM ) shares fall for seven straight sessions, as the stock was down 1.4% at $172.87 on Wednesday. The global leader in customer relationship management technology company fell 12.7% in the preceding six sessions. The stock is down 3% over the past one month, while it has lost over 34% so far this year. Most recently, Salesforce slipped even as it doubled down on AI-led monetization. ...
Salesforce ( CRM ) shares fall for seven straight sessions, as the stock was down 1.4% at $172.87 on Wednesday. The global leader in customer relationship management technology company fell 12.7% in the preceding six sessions. The stock is down 3% over the past one month, while it has lost over 34% so far this year. Most recently, Salesforce slipped even as it doubled down on AI-led monetization. The company signed a definitive agreement on Monday to acquire m3ter, a metering and rating platform focused on consumption-based monetization. "Despite near-term weak bookings, management expects bookings and revenue growth to reaccelerate in 2H FY2027. The company can thrive in an agentic AI world due to its large-scale enterprise data advantage," pointed out a recent Seeking Alpha analysis. Looking at Seeking Alpha's Quant Rating, CRM has a Hold rating with a score of 3.4 out of 5. The company received an A+ in the prospect of profitability, while it got a D+ in growth factor. Turning to the Wall Street community , 39 analysts gave CRM a Buy and above rating. Ten analysts have given the stock a Hold recommendation, while two recommended Sell. Seeking Alpha analysts are positive and see the stock as a Buy. More on Salesforce Salesforce, Inc. (CRM) Presents at Mizuho Technology Conference 2026 Transcript Salesforce, Inc. (CRM) Presents at 2026 Evercore Global TMT Conference Transcript Salesforce: Catch-Up Rally Will Continue; Bookings Rebound Expected In H2 AI fears: Reuters poll shows 53% of Americans fear job displacement Salesforce acquires M3ter; signals AI pricing model shift as stock falls